Tag: Indian Rupee

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 […]

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 […]

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 […]

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 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 […]

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