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Rupee falls 19 paise to 94.75 against U.S. dollar in early trade
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.31, up 0.21%
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.48, up 0.08%
FII outflows and a weaker start to the morning trade at the domestic equity markets put further pressure on the rupee, while a decline in crude oil prices cushioned against a steeper decline, forex traders said
On June 19, the rupee pared most of its initial gains and settled higher by 7 paise at 94.33 against the U.S. dollar
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 0.14% up at 100.23
According to traders, the Indian rupee is trading with a negative bias and remains under severe pressure due to renewed geopolitical tensions in West Asia
Forex traders said elevated Brent crude prices dented investor sentiments
Forex traders said the U.S. Trade Representative’s action, amid fresh hostilities and stalled talks between the U.S. and Iran, weighed on investor sentiment
At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering a fall of 9 paise from its previous close
On the domestic equity market front, Sensex declined 264.82 points to 76,224.14 in opening trade, while the Nifty dipped 27.6 points to 24,004.10
On the domestic equity market front, Sensex rose 239.14 points to 75,637.86 in early trade, while the Nifty was trading 78.30 points higher at 23,767.90
The rupee depreciated 15 paise to 95.56 against the US dollar in early trade on Wednesday as fresh escalations in the West Asia war lead to a spike in crude oil prices and pressurised the rupee. Forex traders said the USD/INR pair opened on a negative note after US President Donald Trump said Iran was responsible for downing an American military helicopter near the Strait of Hormuz and that the US "must" respond to the attack. At the interbank foreign exchange market the rupee opened at 95.52, …
The rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Wednesday, after the US Trade Representative proposed 12.5 per cent additional duties on India and 53 other countries over forced labour import violations. Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched 95.64…
The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz. At the interbank foreign exchange …
The rupee depreciated 21 paise to 94.71 against the US dollar due to the US Federal Reserve's hawkish stance and a strong dollar index. Asian currencies also weakened, impacting the rupee. Meanwhile, positive sentiment emerged from reports of a US-Iran memorandum of understanding and ongoing trade talks between India and the US.
The Indian rupee weakened by 17 paise to 95.35 against the US dollar in early trade on Monday, influenced by a strong dollar and geopolitical uncertainties. Elevated Brent crude prices, following Iran's missile launches towards Israel, further dented investor sentiment and impacted the rupee's performance.
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