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June 1, 2021
Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities. The rupee opened on a margin
May 28, 2021
Read more about Rupee climbing fast to the dollar, 10-year bond yields back to 6% on Business Standard. RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Fridays auction
May 27, 2021
Updated: On Tuesday, the rupee had settled at 72.77. Share Article AAA An Indian man counts U.S dollars at a Western Union money transfer center in Ahmadabad. File | Photo Credit: AP On Tuesday, the rupee had settled at 72.77. The rupee strengthened by 17 paise to end at 72.60 (provisional) against the US dollar on Thursday, tracking positive domestic equities. At the interbank forex market, the local unit opened at 72.75 against the greenback and witnessed an intra-day high of 72.53 and ...
May 19, 2021
File photo for representation. | Photo Credit: V. Sudershan Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market. At the interbank foreign exchange market, the domestic currency opened at 73.02 against the American currency, but pared the gains to close at 73.18, registering a decline of 13 paise over its previous close. During the session, the local unit hi...
May 12, 2021
Updated: Share Article AAA The rupee declined by 8 paise to close at 73.42 (provisional) against the US currency on Wednesday amid risk aversion in the global markets and surge in crude oil prices. At the interbank forex market, the local unit opened lower at 73.51 against the greenback and traded in the range of 73.39 to 73.51 during the day. The rupee finally ended at 73.42 against the American currency, registering a fall of 8 paise over its previous closing of 73.34. Meanwhile, the dollar...
April 24, 2021
File photo The rupee fell by 7 paise to close below the 75 mark against the US dollar on Friday (April 23) as a record spike in COVID-19 cases and losses in the domestic equities weighed on investor sentiment. Forex traders said heavy selloff in domestic equities amid fears that a rapid resurgence of COVID-19 cases in the country can disrupt economic recovery kept investors on edge. The rupee has already lost 2.6 percent against the dollar so far this month, putting it on the cusp of marking it...
April 23, 2021
File photo for representation. | Photo Credit: REUTERS The Indian rupee slumped 12 paise to 75.06 against the US dollar in opening trade on Friday as muted domestic equities and concerns over rising COVID-19 cases kept investors on edge. Besides, foreign fund outflows also weighed on investors sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened lower at 75.02 against the dollar, and lost further ground and touched 75.06, registering a fall of 12 pai...
April 20, 2021
Rupee advances by 23 paise to 74.64 vs US dollar in early trade The Indian rupee started this Tuesday on a stronger note against the US dollar, tracking the overall weakness of the dollar, Reliance Securities said in a research note PTI | April 20, 2021 | Updated 11:39 IST The rupee advanced by 23 paise to 74.64 against the US dollar in opening trade on Tuesday, tracking weaker dollar against key rivals and a positive trend in the domestic equity market. Forex traders said the governments deci...
April 20, 2021
Traders said the local unit ended in the red. The rupee pared its initial gains to close marginally down by 1 paisa at 74.88 against the U.S. dollar on Tuesday due to worries that the alarming surge in COVID-19 cases could derail the economic recovery in the country. At the interbank forex market, the domestic unit opened at 74.65 against the U.S. dollar, but lost ground to close at 74.88 against the US dollar. During the session, the local unit witnessed an intra-day high of 74.64 and a lo...
April 16, 2021
The Sensex and Nifty ticked higher for the third session on the trot on Friday, but could not wipe off weekly losses amid a resurgence in Covid-19 cases. A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said. After a choppy session, Sensex closed 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader Nifty rose 36.40 points or 0.25 per cent to 14,617.85. Asian Paints was the top perform...