Indian Rupee closes at 81.53 against US dollar amid heavy selling pressure
NEW DELHI: The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign […]
Indian Rupee settles 70 paise lower at 75.59 against US dollar
NEW DELHI: The rupee settled 70 paise lower at 75.59 (provisional) against the US dollar on Monday amid rise in coronavirus cases in the country and weak domestic equities. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. Moreover, strengthening of the American currency […]
Indian Rupee registers biggest single-day gain in 5 years to close at 72.45
NEW DELHI: The Indian rupee on Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices and possibility that the US might grant waivers to India from sanctions on Iranian oil imports. Besides, a bullish trend in the […]
Global factors, rupee, oil to drive stock markets this week: Experts
NEW DELHI: Trend from global equities, macroeconomic data as well as movement of the rupee and crude oil prices will set the tone for the stock markets in the holiday-shortened week ahead, say experts. Bourses would remain closed on Wednesday and Thursday for ‘Diwali Laxmi Pujan’ and ‘Diwali Balipratipada’. The BSE and NSE will conduct […]
Indian rupee jumps 41 paise to 3-week high of 73.16 against dollar as crude falls
NEW DELHI: The Indian rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency Wednesday as global crude oil prices eased and domestic equity markets staged a smart rebound. Forex dealers said softening crude oil prices supported the rupee’s upward movement. On Tuesday, Saudi Arabia pledged to […]
Earnings to drive stock markets; oil, rupee also to be watched: Experts
NEW DELHI: Trading in the stock market will continue to be guided by the ongoing quarterly earnings season, with some blue-chips like Wipro and Bharti Airtel scheduled to announce their results this week, say experts. Key factors such as movement of the rupee and crude oil prices would also be keenly watched for further cues, […]
Indian Rupee spurts 35 paise to nearly 2-week high on easing crude oil prices
NEW DELHI: The Indian rupee climbed 35 paise to end at nearly two-week high of 73.48 per dollar Tuesday amid softening crude oil prices and easing concerns over the trade deficit. Traders said foreign fund inflows and greenback weakening against other currencies were the other factors that provided support to the home unit. At the […]
Indian rupee zooms 55 paise to 73.57; marks biggest jump in over 3 weeks
NEW DELHI: Rising for the third straight day, the rupee strengthened by 55 paise to settle at 73.57 against the US dollar on Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound. Steps taken by the government to curb non-essential imports and anticipation […]
Sensex falls 175 points on rupee woes, rising crude prices
MUMBAI: The BSE Sensex erased all early gains to end 175 points lower in choppy trade on Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks, amid weakening rupee and boiling crude oil prices. The 30-share Sensex opened higher at 34,651.82 points […]
Indian Rupee slumps 33 paise to close at record low of 74.39
MUMBAI: Indian rupee slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the United States of America (USA) dollar Tuesday on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows. At the Interbank Foreign Exchange (Forex), the rupee made a cautious recovery of 18 paise to […]
Indian Rupee recovers 6 paise against US dollar ahead of RBI policy outcome
NEW DELHI: The Indian rupee recovered 6 paise to 73.52 against the US dollar at the forex market on Friday ahead of the RBI’s monetary policy outcome amid fresh selling by exporters as the government stepped in to reduce oil prices. Dealers said besides fresh selling of the US dollar by exporters, the greenback’s weakness […]
Indian Rupee drops 44 paise to hit new low of 73.77 against Dollar
NEW DELHI: The Indian rupee collapsed to a fresh low of 73.77 against the United States of America (USA) dollar on Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows. Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, kept the rupee […]
India may cut oil imports to mitigate pain from high oil prices, dip in Indian rupee
NEW DELHI: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) Chairman Sanjiv Singh said on Monday. State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic […]
Indian Rupee slides 47 paise to close at record low of 72.98 against US dollar
NEW DELHI: The Indian rupee on Tuesday dropped further by 47 paise to close at a historic low of 72.98/99 against the US dollar due to trade war concerns. The pound sterling also ended strong firm at Rs 95.84/86 per pound at the close of the Interbank Foreign Exchange (forex) market here. Following are the […]
‘Indian Rupee, oil, global cues to determine market trend’
NEW DELHI: Stock markets would continue to be guided by movement of the rupee, trade issues between the US and China and oil prices in a holiday-shortened week ahead, say experts. The equity market would remain closed Thursday for Muharram. With the rupee plumbing new lows against the dollar, the government Friday announced an array […]