Rupee Update News Today

Rupee Update: The rupee closed at 83.4250 against the U.S. dollar, mildly stronger from its close of 83.47 in the previous session. The local unit was little changed month-on-month.

Rupee Update: The 10-year U.S. yield rose to the highest since November and the 2-year yield topped 5% on Thursday after data showed that a measure of inflation rose more than expected.

Rupee Update: Brent crude, which jumped to USD 90.75 on Friday, cooled to near USD 86.50 after Israel and Iran played down the risks of a further rise in hostilities in the Middle East after Israels apparently small strike on Iran.

Rupee Update: Strong selling interest on the dollar-rupee pair and relatively light demand from importers aided the rupees gains in early trading, a foreign exchange trader at a state-run bank said.

Rupee Update: The rupee closed at 83.3725 against the U.S. dollar, down 0.1% compared with its close at 83.28 in the previous session. The currency fell to an all-time low of 83.45 in the closing minutes of the session.

Rupee Update: Without "aggressive intervention" from the Reserve Bank of India (RBI), we may witness a cascade of long dollar liquidation from speculators, rebalancing dollar sales from put sellers, and hedging from exporters, he said.

Rupee Update: Non-deliverable forwards indicate the rupee will open flat-to-slightly weaker to the U.S. dollar from 82.8975 in the previous session. The domestic currency has not been successful at moving past 82.80-82.85, which traders say is a key level.

Rupee Update Today: 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.

Rupee Update Today: The rupee closed at 83.0350 against the U.S. dollar, weaker by 0.1% compared with its close at 82.9550 in the previous session. The local unit also logged a weekly decline of 0.1%.

Rupee Update Today: The rupee ended at 82.9550 against the U.S. dollar, barely changed from its close at 82.9675 in the previous session.