Forex | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 11:16 AM IST

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During early trades, rupee surged to 8-week high of 70.36, however, the gains got capped by RBI intervention, Emkay Global Financial Services Currency Research Head Rahul Gupta said.

Rupee retreats 31 paise to 70.87 against USD

Forex traders said globally risk appetite has plunged as US-China trade concerns continue to linger.

30 Sep 2019 6:08 PM

Rupee notched up gains of 38 paise on a weekly basis.

Rupee rallies to nearly 2-month high as crude subsides

Rupee closed higher by 0.44 per cent at 70.56 to the US dollar, a level not seen since August 2 when it had ended at 69.60.

27 Sep 2019 6:29 PM

The rupee moved in a range of 70.76 to 70.93 in day trade. It had closed at 70.88 to the US dollar on Thursday.

Rupee reverses early losses as crude oil drops over 1 pc

Rupee was trading up by 10 paise at 70.78 at 1325 hrs against the dollar which otherwise was ruling high in overseas markets.

27 Sep 2019 2:46 PM

At the interbank foreign exchange market, the rupee opened on a strong note at 70.99 and shuttled between a high of 70.85 and a low of 71.01 during the day.

Rupee darts up 16 paise to 70.88 against USD as Trump dangles trade deal hopes

Robust buying in domestic equities, fresh foreign fund inflows and easing crude prices also lent support to rupee, forex traders said.

26 Sep 2019 6:26 PM

The rupee finally closed flat at 70.94 against the US dollar despite a steller closing in equity markets.

Rupee ends flat at 70.94 against dollar despite steller stocks rally

At the interbank foreign exchange, the domestic unit opened weak and shuttled between a high of 70.87 and a low of 71.03 during the day.

23 Sep 2019 8:22 PM

Since the morning, rupee has been tracking the move in crude. Overnight drop in oil led rupee to appreciate. However, the escalating tensions in Middle East limited the gains in rupee, said Rahul Gupta, Currency Research Head, Emkay Global Financial Services Limited.

Rupee slips 10 paise to 71.34 against USD

Forex traders said investors turned cautious after the US Federal Reserve dimmed hopes of further rate cuts.

19 Sep 2019 6:28 PM

At the Interbank Foreign Exchange, the rupee opened at 71.47 and surged to an intra-day high of 71.17 against the US dollar. The local unit finally settled at 71.24, higher by 54 paise over its previous close of 71.78.

Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices

However, unabated foreign fund outflows capped the gains, forex traders said.

18 Sep 2019 6:49 PM

Indian currency spot surged to 71.98, Brent crude prices moved to USD 69 and 10-year yield was at 6.72. All these factors are dampening the economy and will be difficult to tackle in the short term, said Shrikant S Chouhan, Senior Vice-President, Equity Technical Research, Kotak Securities.

Rupee furthers loss by 18 paise as crude worries hurt sentiment

Elevated crude oil prices have emerged as major fears for India in form of fiscal slippage and inflationary pressure.

17 Sep 2019 6:46 PM

The Indian rupee has appreciated by 125 paise in the last six trading sessions.

Rupee rises for 6th day, spurts 52 paise to 71.14 vs USD on trade truce hopes

Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said.

12 Sep 2019 8:13 PM

Rupee is driven more by global factors rather than domestic factors. Since Chinese yuan has stabilised in the last 3-4 sessions, the rupee has appreciated, said Rushabh Maru, Research Analyst - Currency and Commodity, Anand Rathi Shares and Stock Brokers.

Rupee rises by 5 paise to 71.66 vs USD, extends gains for 5th day

Forex traders said the uptick in domestic stocks enthused investors, following which the domestic unit gained strength.

11 Sep 2019 8:07 PM

At the interbank foreign exchange the rupee opened at 71.87, then gained further ground and touched a high of 71.67, registering a rise of 17 paise over its previous close.

Rupee rises 17 paise to 71.67 against USD in early trade

Forex traders said investors were optimistic about the US-China trade talks in October.

06 Sep 2019 11:06 AM

Rupee settled down by 97 paise at 72.39 per dollar, logging its worst single-day fall since August 5 and the lowest closing level since November 13, 2018.

Rupee tanks 97 paise to 9-month low on weak macro data, strong dollar

Rupee came under pressure after official data released on Friday showed that GDP growth fell to an over six-year low of 5 pc.

03 Sep 2019 6:02 PM

Easing crude oil prices and a recovery in the domestic equity markets also propped up the local currency, forex traders said.

Rupee rebounds 15 paise to 71.66 against USD

Rupee stabilised following an announcement that Finance Minister Nirmala Sitharaman will address a press conference in the evening.

23 Aug 2019 6:00 PM

Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee, forex dealers said.

Rupee crashes to over 8-mth low of 71.81 against USD

Tumbling equities and incessant foreign fund outflows weighed on sentiment.

22 Aug 2019 6:19 PM

The recovery in the Indian unit was seen despite headwinds in form of economic uncertainties, FDI outflows and rise in global crude oil prices, according to forex traders.

Rupee recovers 16 paise to close at 71.55 a dollar

Starting off on a bullish note, the rupee settled at 71.55, clocking a gain of 16 paise.

21 Aug 2019 7:02 PM

Investors remained risk averse considering a host of factors including fast-spreading economic slowdown, outlook on foreign fund outflows and weakness in most emerging market currencies, according to forex traders.

Rupee hits fresh 6-month low of 71.71; dives 28 paise

This is the lowest level for the rupee since February 4, when it closed at 71.80 a dollar.

20 Aug 2019 7:15 PM

Forex traders said investors are awaiting government intervention to revive the slowing economy.

Rupee plunges to over 6-month low of 71.43; skids 29 paise

Rupee tumbled amid growing worries over economic slump and sustained foreign fund outflows.

19 Aug 2019 6:34 PM

Traders said cautious opening in domestic equities, rising crude oil prices, strengthening of the greenback vis-a-vis other currencies overseas weighed on the local unit.

Rupee slips 20 paise to 71.47 vs USD in early trade

At the Interbank Foreign Exchange, the rupee opened weak at 71.33 then fell to 71.47 against the US dollar.

16 Aug 2019 10:31 AM

At the interbank foreign exchange, the rupee opened at 71.00, then gained momentum and touched a high of 70.85.

Rupee rises 55 paise to 70.85 against USD in early trade

Forex traders said US delaying new tariffs on Chinese electronics to December 15, also helped investor sentiments.

14 Aug 2019 11:39 AM

Domestic forex market that was already battling against foreign fund outflows for some time has come under more pressure due to currency crisis in Argentina and global trade war concerns.

Rupee hits 6-mth low of 71.40 against USD; dives 62 paise on global turmoil

The domestic currency has lost 71 paise in the past two sessions.

13 Aug 2019 6:59 PM

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Dilip Cherian