Rupee Rate News Today

Rupee Rate: The rupee closed at 83.4125 against the U.S. dollar, down nearly 0.3% compared with its close at 83.1850 in the previous session.

The currency was weighed down by dollar demand from local oil companies. Thai baht and Chinese yuan weaken. Importers pressure rupee. Forex trader mentions foreign banks selling dollars. Derivative contracts cause turmoil.

​ The Indian rupee ended little changed on Tuesday after hovering in a tight band through the session as dollar sales by exporters helped offset weakness in the currencys Asian peers.

​ The Indian rupee closed at its strongest level in more than five months on Thursday, aided by an uptick in its Asian peers and on the back of dollar inflows into the domestic share and bond markets.

Currency hovers at 279-280 level in inter-bank market

​The Indian rupee ended little changed on Tuesday despite rising to its highest in nearly three weeks in the session as dollar demand from state-run banks, likely on behalf of importer clients, eroded the local units gains, traders said.

Currency settles at 279.50 against the US dollar in inter-bank market

​The Indian rupee ended slightly higher on Tuesday as dollar demand from importers capped gains that came on the back of likely inflows, traders said.

​The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from importers, including local oil companies, eroded the impact of supportive global cues, traders said.

The unit had fallen to a two-week low of 83.1150 in intraday trades but speculators dollar sales capped losses in the local unit, traders said.