MUMBAI: The rupee advanced by four paise to 67.74 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased selling of the American currency by exporters and banks.
www.sevagiri.com
Forex dealers said besides fresh foreign capital inflows, a higher opening in the domestic equity markets and dollar's weakness against other currencies overseas supported the domestic unit.
On Friday, the rupee had recovered by 45 paise to close at 67.78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities.
Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade.
Source - TOI
MUMBAI: The rupee recovered 26 paise to 67.97 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.
Besides, dollar's weakness against other currencies overseas and a rebound in domestic equity market in early hours supported the rupee, forex dealers said.
www.sevagiri.com
The local unit had lost 18 paise to close at a fresh 29-month low of 68.23 in yesterday's trade on persistent dollar demand from banks and importers despite a lower greenback overseas after the US Fed kept interest rates unchanged.
The benchmark BSE sensex recovered 153.99 points, or 0.62 per cent, to 24,623.56 in early trade today.
Source - TOI
MUMBAI: Extending losses for the third session, the rupee weakened another 14 paise to a fresh 29-month low of 68.19 against the dollar in early trade on Thursday following month-end demand from importers and banks amid a strengthening American currency overseas.
www.sevagiri.com
Forex dealers said increased demand for the dollar and a lower opening in the domestic equity market kept pressure on the rupee.
The rupee had shed 22 paise to close at a new 29-month low of 68.05 yesterday on sustained demand for the greenback from banks and importers amid a lower value overseas.
Meanwhile, the benchmark BSE Sensex fell 91.87 points, or 0.37 per cent, at 24,400.52 in early trade.
Source - TOI
MUMBAI: The rupee was trading lower by 15 paise at 67.98 against the American currency in early trade on Wednesday at the Interbank Foreign Exchange market as the dollar firmed up overseas.
www.sevagiri.com
Forex dealers said increased month-end demand for the US currency from importers and dollar's gains against other currencies overseas put pressure on the rupee.
They said, however, a higher opening in the domestic equity market, capped the rupee's losses.
The rupee had ended 20 paise down at 67.83 against the US dollar on Monday following a renewed demand for the greenback.The forex market remained closed yesterday for the Republic Day.
Meanwhile, the benchmark BSE Sensex rose 159.75 points, or 0.65 per cent, to 24,645.70 in early trade today.
Source - TOI
The rupee appreciated 10 paise to 67.53 against the dollar at the Interbank Foreign Exchange in early trade on Monday on increased selling of the US currency by banks and exporters.
www.sevagiri.com
Forex dealers said that apart from increased selling of the American unit by exporters and banks, dollar's weakness against other currencies overseas supported the domestic currency.A higher opening in domestic stock markets also helped the rupee strengthen against the dollar, they added.
The rupee had recovered from its 29-month lows by rising 39 paise to close at 67.63 in Friday's trade on fresh selling of dollars on the back of recovery in equities.
Meanwhile, the benchmark BSE sensex surged 159.47 points, or 0.65 per cent, to trade at 24,595.13 in early session.
Source - TOI
MUMBAI : The rupee regained 13 paise to 67.82 against the dollar in early trade on Thursday on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity markets.
www.sevagiri.com
Forex dealers said apart from selling of the American currency by exporters and banks, weakness in the dollar against other emerging market currencies overseas, supported the rupee.
Further, a higher opening in the domestic equity market influenced the rupee's uptrend, they added.
Yesterday, hit by global growth concerns, the rupee crashed below the 68-level after 28 months and closed 30 paise down at 67.95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets.
Meanwhile, the benchmark BSE Sensex recovered by 252.75 points, or 1.05 per cent, at 24,314.79 in early trade today.
Source - TOI
MUMBAI : The rupee tumbled 30 paise to trade over 28-month low at 67.95 against the dollar in early trade on Wednesday, mainly due to strong demand for the American unit from importers and banks amid a lower opening in the domestic equity market.
www.sevagiri.com
Moreover, sustained capital outflows weighed on the domestic unit but the dollar's weakness against some other currencies overseas capped the rupee's fall, traders said.The rupee had closed three paise higher at 67.65 against the US currency in yesterday's trade on fresh selling of dollars by banks and exporters amidst a recovery in equities.
Meanwhile, the benchmark BSE Sensex plunged 412.95 points, or 1.69 per cent to 24,066.89 in early trade.
Source - TOI
The rupee recovered by seven paise to 67.52 against the dollar at the Interbank Foreign Exchange in early trade on Monday on fresh selling of the US currency by banks and exporters.
www.sevagiri.com
Dealers said fresh selling of the American unit by exporters and banks and dollar's weakness against some currencies ov
However, a weak trend at domestic stock markets in early volatile trade capped the rupee's gains, they said.
The local currency had dipped by 30 paise to close at fresh 28-month low of 67.59 against the American currency on Friday on demand for the greenback from importers in view of persistent foreign capital outflows amid sharp fall in equities.
Meanwhile, the benchmark BSE sensex fell by 72.97 points or 0.30 per cent to trade at 24,382.07 in early dealserseas, also supported the rupee.
Source - TOI
MUMBAI: Extending losses for the second straight day against the American currency, the rupee dipped by 30 paise to fresh 28-month low at 67.59 on fresh dollar demand from importers in view of persistent foreign capital outflows amidst sharp fall in equities.
www.sevagiri.com
Persistent fall in crude oil prices also affected the market sentiment. Oil prices eased in Asia on Friday, with the under-pressure commodity sitting around 12-year lows as dealers prepare for the return of Iranian exports to the market while the US stockpiles increase.The rupee resumed lower at 67.35 per dollar as against yesterday's closing level of 67.29 at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 67.71 before closing at fresh 28-month low at 67.59, showing a loss of 30 paise or 0.45 per cent.It had last settled at 67.63 on September 3, 2013 and during the intra-day trade at 68.62 on September 4, the same year.The local currency has lost 74 paise or 1.11 per cent in two days.It hovered in a range of 67.71 and 67.24 during the day.However, the dollar index was down 0.12 per cent against a basket of six currencies in late afternoon trade.
The dollar fell around 0.8 per cent against the yen today in the late Asian market as a resumed global market sell-off sent investors running for cover in the perceived safety of the Japanese currency.
Weakness for the greenback came amid heavy fresh losses for crude oil, which dropped below USD 30 a barrel in morning European trading hours.
Source - TOI
MUMBAI: The rupee regains 11 paise to 66.70 against the dollar in early trade on Tuesday.
www.sevagiri.com
at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.Forex dealers said apart from selling of the American currency by exporters and banks, weakness in the dollar against other currencies supported the rupee.
Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
Yesterday, the rupee had lost 18 paise to 66.81 against the US currency on fresh dollar demand from banks and importers in view of foreign capital outflows amidst fall in equity market.
Meanwhile, the benchmark BSE Sensex recovered by 57.26 points, or 0.23 per cent, at 24,882.30 in early trade.
Source - TOI
MUMBAI: The rupee was trading lower by 29 paise at 66.92 against the American currency in early trade on Monday at the Interbank Foreign Exchange market as the dollar strengthened overseas.
www.sevagiri.com
Forex dealers said increased demand for the US currency from importers and dollar's gains against other currencies overseas put pressure on the rupee.
On Friday, the rupee had gained 30 paise to end at 66.63 against the American currency following a heavy dollar selling by banks and exporters.
Meanwhile, the benchmark BSE Sensex fell by 335.43 points, or 1.34 per cent, to 24,598.90 in opening trade today.
Source - TOI
MUMBAI: The rupee recovered from its three-week low by surging 30 paise to 66.63 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.
www.sevagiri.com
Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas capped the gains.
On Thursday, the rupee had declined by 11 paise to close at more than three-week low of 66.93 against the US dollar on persistent demand for the American currency from banks and importers amid sharp fall in equities.
Meanwhile, the benchmark BSE Sensex regained the 25,000-mark by recovering 206.65 points or 0.83 per cent to quote 25,058.48 in early trade.
Source - TOI
MUMBAI: The rupee was trading lower by 10 paise at 66.92 against the dollar in early trade at the Interbank Foreign Exchange on Thursday on sustained foreign fund outflows amid increase demand for the US currency from importers.
www.sevagiri.com
Moreover, China devalued yuan by 0.51 per cent and lower opening in domestic equities also weighed on the rupee, dealers said.The dollar was weak against major global currencies, capping the rupee losses, they added.
The rupee had closed lower by 22 paise against the US dollar at 66.82, its lowest level in more than two-weeks in Wednesday's trade on the back of frantic demand for the American currency.
Meanwhile, the benchmark BSE Sensex fell further by 326.26 points or 1.28 per cent to 25,079.97 in early deals.
Source - TOI
MUMBAI: The rupee recovered from a two-week low by rising 15 paise to 66.46 against the dollar .
www.sevagiri.com
at the Interbank Foreign Exchange in early trade on Tuesday on fresh selling of the US currency by banks and exporters.Dealers said fresh selling of the American unit by exporters and banks supported the domestic currency but dollar's strength against other currencies overseas, capped the rupee's gain.
Rebound in domestic stock markets also helped rupee to strengthen against the dollar, they added.The rupee had plunged by 47 paise to settle at two-week low of 66.61 against the American currency on Monday on heavy demand for the greenback from importers and banks largely impacted by global economic and political headwinds.
Meanwhile, the benchmark BSE Sensex rebounded by 143.41 points or 0.55 per cent to trade at 25,766.76 in early deals.
Source - TOI
MUMBAI: The rupee was trading lower by 21 paise at 66.35 against the dollar in early trade on Monday at the Interbank Foreign Exchange (forex) market on increased demand for the US currency from importers and jump in global crude prices as tensions flared up between Iran and Saudi Arabia.
www.sevagiri.com
Moreover, dollar surging against other Asian currencies and a lower opening in domestic equities also weighed on the domestic unit, dealers said.
The rupee had gained 1 paisa against the US dollar to close at 66.14 on Friday following fresh selling of the American currency by banks and exporters amid fresh foreign capital inflows into equity market.
Meanwhile, the benchmark BSE Sensex dipped below the 26,000-mark by plunging 190.25 points or 0.72 per cent to 25,970.65 in early deals.
SOurce - TOI
MUMBAI: The rupee continued to rule higher against the American currency for the eighth straight session as it rose 11 paise to 66.10 in early trade at the Inter-bank Foreign Exchange on Monday on increased selling of the US currency by exporters and banks.
www.sevagiri.com
Forex dealers said that besides sustained selling of the American unit by exporters, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity market supported the rupee.
The local currency had appreciated by 12 paise to settle at 66.21 against the greenback on Wednesday.Forex market remained closed on Thursday and Friday on account of Id-e-Milad and Christmas, respectively.
The currency had gained by 88 paise in the past seven days.
Meanwhile, the benchmark BSE sensex recovered by 100 points, or 0.39% , to trade at 25,938.71 in early trade.
Source - TOI
AI: The rupee on Wednesday continued its upward march for the seventh day by surging 12 paise to close at 66.21 against the American currency on sustained selling of dollars by banks and exporters amid foreign capital inflows.
www.sevagiri.com
The rupee resumed higher at 66.26 as against Tuesday's closing level of 66.33 at the Inter-bank Foreign Exchange (forex) market.It moved in a range of 66.12 and 66.30 during the day before finishing at 66.21 per dollar, showing a gain of 12 paise or 0.18 per cent.It has gained by 88 paise or 1.31 per cent in seven days.The dollar index was up 0.08 per cent against a basket of six currencies in the late afternoon trade.Overseas, the dollar edged down in Asian early trading today after data overnight painted a mixed picture of the US economy, with major currency pairs trading in a narrow range as traders wound down in a holiday-heavy week.However, the dollar posted small gains against most other major currencies in the late afternoon trade, with the euro weakening on the back of disappointing French data."French GDP for the third quarter was revised down, and consumer spending is also looking softer, which has led the euro slightly lower against the dollar," said senior sales trader at London Capital Group.Meanwhile, the Indian benchmark Sensex rose by 259.65 points or 1.01 per cent on Wednesday.Foreign investors remained net sellers and sold shares worth Rs 157.07 crore yesterday, as per provisional data.
In forward market today, premium for dollar displayed a steady to easy trend.
The benchmark six-month premium payable in May quoted at 195-196 paise as compared to 195.25-196 paise, while far forward November 2016 contract eased to 404-405.50 paise from 405-406 paise earlier.The RBI fixed the reference rate for the dollar at 67.0435 and for the euro at 73.9289.
In cross-currency trades, the rupee rebounded against the pound sterling to end at 101.50 from Monday's close of 101.61, while remained weak against the euro at 73.71 compared to 73.64 earlier.
It, also declined against the Japanese currency to settle at 55.28 from yesterday's close of 55.06 per 100 yen.
MUMBAI: Extending its gains for the seventh day in a row, the rupee strengthened by 9 paise to 66.24 against the US dollar in early trade on Wednesday at the Inter-bank Foreign Exchange on continued selling of the American currency by exporters and banks amid fresh foreign funds inflows.
www.sevagiri.com
Besides selling of the US currency by exporters and banks, a higher opening in domestic stock markets and the dollar's weakness against some currencies overseas helped, forex dealers said.
The rupee had gained 2 paise to close at 66.33 against the US dollar in yesterday's trade on persistent selling of dollars by banks and exporters on hopes of resumption of foreign capital inflows.
Meanwhile, the benchmark BSE Sensex climbed 209.87 points, or 0.82%, at 25,800.52 in early trade.
Source - TOI
MUMBAI: Rising for the fifth straight session, the rupee gained 9 paise at 66.31 against the dollar in early trade today at the Inter-bank Foreign Exchange on increased selling of the US currency by exporters.
www.sevagiri.com
Forex dealers said sustained selling of the American unit by exporters and the dollar's weakness against some currencies overseas supported the rupee, but a lower opening in domestic equity market restricted the gains.The rupee had appreciated by a modest two paise to settle at 66.40 against the greenback on Friday.
It had gained 69 paise in the past four trading sessions.
Meanwhile, the benchmark BSE Sensex fell 105.68 points, or 0.41 per cent, to trade at 25,413.54 in early trade.
Source - TOI
MUMBAI: The rupee maintained its upmove for the fourth straight day in a highly volatile trade and appreciated by a modest two paise to settle at 66.40 against the greenback.
www.sevagiri.com
Lowering country's growth projections and a sharp fall in local stocks pressurized the home currency to give up early strong gains.Tracking strong dollar movement, the home currency opened a tad lower at 66.48 against Thursday's three-week high of 66.42 at the Interbank Foreign Exchange market and depreciated further to 66.52 due to some dollar demand.But, later the rupee staged a smart rebound and accelerated gains to hit a session's intra-day high of 66.3150 before ending at 66.40, showing a marginal gain of 2 paise, or 0.03 per cent.It has gained 69 paise in four trading sessions.The government lowered its economic growth forecast for 2015-16 to 7-7.5 per cent from 8.1-8.5 per cent, but said budget deficit target will be met as higher tax revenues offset a shortfall in PSU stake sale.However, Indian equities snapped a four-session rally and plummeted sharply, joining a global market sell-off as investors digested the Federal Reserve's decision to raise interest rates for the first time in nearly a decade.
In worldwide trade, the bullish US dollar retreated marginally against its major peers after initial upmove, pulling back from a two-week high despite overnight robust macro data.
Meanwhile, the Bank of Japan surprised the market with extra stimulus measures, though kept monetary policy unchanged as expected.
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.28 per cent at 98.92.
The stock market flagship index Sensex tumbled by 284 points to end at 25,519.22, while the broader Nifty plunged over 82 points to settle at 7,761.95.
Source - TOI
