Moneycontrol Currency News

Indian rupee hits 6-month low at 55.41 on firm dollar

Tue, 21 May 2013 18:43:31 +0530

Indian rupee touched nearly a six-month low of 55.41 depreciating 30 paise on sustained dollar demand from importers and weakness in equity shares.

Rupee at 4-1/2 month low on weaker shares, dollar demand

Tue, 21 May 2013 17:26:20 +0530

Rupee hits a 41/2 month low as local shares fall for a second consecutive session

HSBC says rupee better suited to stand USD strength

Tue, 21 May 2013 16:50:39 +0530

HSBC believes that INR is a main beneficiary of lower commodity prices as it suffers from significant oil and gold trade deficits.

Rupee to end 2013 in range of 56.50-57/$: Credit Suisse

Tue, 21 May 2013 14:26:09 +0530

Robert Prior-Wandesforde, Credit Suisse says the Indian currency is likely to see short periods of currency strength followed by significant periods of weakness.

Rupee trims early gains, still up by five paise

Tue, 21 May 2013 14:09:48 +0530

Rupee opens up 14 paise higher in early morning trade. Over its last close, it still was up by 5 paise in the late morning trade.

Indian rupee up 16 paise vs dollar in early trade

Tue, 21 May 2013 10:09:00 +0530

The local currency had lost 23 paise to close at five-month low of 55.11 a dollar yesterday due to sustained dollar demand from oil importers.

Indian rupee gains in early trade; trades at 54.96/dollar

Tue, 21 May 2013 09:09:10 +0530

The Indian rupee opened higher at 54.96 per dollar against 55.11 on Monday. According to Jayesh Mehta of Bank of America, the range for the day is seen between 54.90-55.10/USD.

Expect bonds to remain supported: Vivek Rajpal

Tue, 21 May 2013 08:52:33 +0530

The old 10-year yield is likely to trade between 7.30-7.37%, while the new benchmark is seen in a 7.15-7.20 percent range, says Vivek Rajpal, Nomura.

Rupee could appreciate to 54.90/USD: Jayesh Mehta

Tue, 21 May 2013 08:49:43 +0530

The range for rupee is seen between 54.90-55.10/USD for the day. Strong participation in the debt auction will impact the rupee positively, says Jayesh Mehta, Bank of America.

Inflation bonds may be linked to CPI in future: RBI

Mon, 20 May 2013 16:51:40 +0530

RBI may link the proposed inflation index bonds (IIBs) to CPI - inflation as and when it stabilizes but currently, those are linked to WPI - inflation, a senior official from the central bank said. Linking it to WPI, many believe, will not serve its basic purpose of IIBs.

Dollar strength may push rupee to 56 in medium term: BofA

Mon, 20 May 2013 16:33:55 +0530

The Indian currency may touch the 56 level in medium-term on the back of strengthening dollar.

Indian rupee near 2.5 month low

Mon, 20 May 2013 15:41:20 +0530

Traders say good demand for the greenback from oil importers and gold firms hurting the rupee.

See rupee above 53.70/$; Bernanke's testimony eyed: HSBC

Mon, 20 May 2013 11:53:07 +0530

Despite expectations that Bernanke will continue to make the case for stimulating the economy through its bond-buying programme at his testimony, most respondents in a CNBC survey expect the US dollar to remain strong and press oil prices towards the lower end of their trading range.

Indian rupee hits 2-1/2 month low

Mon, 20 May 2013 10:00:25 +0530

The rupee is trading at 55.02/03 after touching 55.07 in opening deals, its lowest since March 4.

Indian Rupee opens lower at 55.04 per dollar

Mon, 20 May 2013 09:09:27 +0530

The Indian rupee opened lower by 16 paise at 55.04 per dollar versus 54.88 on Friday. Agam Gupta of Standard Chartered Bank feels fundamental inflows are likely to continue, while selling pressure could emerge at 55.20/USD.