Rupee Vs Dollar

In the last three days, Indian rupee has appreciated 1.04 percent against the US dollar, according to the Bloomberg data.

Rupee ends nearly flat as central bank intervention blunts pressure

The rupee closed at 88.2650 against the US dollar, nearly flat compared to its close at 88.2450 in the previous session

Rupee sinks to record low, settles 58 paise down at 86.62 against US dollar

The fall of 58 paise, or 0.67 per cent, in one session was the steepest since February 6, 2023 when the unit had lost 68 paise

Rupee may fall past 90 per dollar as RBI ditches quasi-peg, research says

A bigger depreciation of around 10%, taking the rupee to 95 is “not out of the question,” analysts Udith Sikand and Tom Miller wrote in a note.

Options pricing suggests rupee is likely to weaken further

There’s a nearly 60% likelihood of the rupee falling to 87 per dollar, compared with just an 9% chance of it recovering to 84 by the end of March

Rupee on gentle one-way path down, to breach 85/$ in 6 months

Since early October, the RBI has spent nearly $50 billion from its vast FX reserves to shield the rupee from the dollar's relentless strength

Rupee drops to all-time low on bullish dollar outlook

The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday

Rupee ends at record closing low, likely RBI intervention helps cap losses

The Reserve Bank of India likely intervened in the non-deliverable forward (NDF) market to cap deprecation in the currency, which had hit its all-time low of 83.6650 on June 20.

Rupee falls 2 paise to close at 83.56 against US dollar

At the interbank foreign exchange, the local unit opened at 83.54 and finally settled for the day lower by 2 paise at 83.56 (provisional) against the American currency.

Rupee plunges 20 paise to settle at 83.49 against US dollar

Forex traders said increased month-end demand of greenback by oil marketing companies also weighed on the Indian currency even as it found some support due to lower level of crude oil prices.

Rupee rebounds to settle 9 paise higher at 83.31 against US dollar

Forex traders said, however, a massive selling in the domestic equity markets, outflow of foreign fund and increased month-end demand of greenback by oil marketing companies weighed on the Indian currency.

Strong rupee helps Indian equities outsmart other Asian markets

The rupee remaining largely stable against the US dollar over the last one year contributed to Indian markets outpacing the stock indices of China, Japan, Taiwan, South Korea and Hong Kong

Rupee exhibits signs of stability, here are some factors contributing to it

In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation

Rupee rises 5 paise to close at 83.03 against US dollar

Forex traders said strength of the American currency in the overseas market and elevated crude oil prices weighed on the local unit and restricted a sharp uptick.

Rupee rises 7 paise to close at 83 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.01 against the greenback.

Rupee rises 11 paise to settle at 82.90 against US dollar

Forex traders said an upward move in crude oil prices and stronger American currency, however, contained the uptick of the Indian currency

Rupee falls 1 paisa to close at 83.04 against dollar

The domestic currency broke its six-day gaining streak despite positive equity market sentiment, as foreign funds outflow dented sentiments.

Rupee falls 4 paise to close at all-time low of 83.41 against US dollar

At the interbank foreign exchange market, the local unit opened at 83.39 against the greenback and traded in a tight range of 83.38-83.41.

Rupee falls 9 paise to close at all-time low of 83.33 against US dollar

During the trading session, it touched an intra-day low of 83.35 and a high of 83.26 against the American currency.

Rupee settles almost flat at 83.03 against US dollar

At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved between the peak of 82.83 and the lowest level of 83.06.

Rupee falls 9 paise to settle at all-time low of 83.13 against US dollar

Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months.

Rupee falls 9 paise to close at 82.71 against US dollar

At the interbank foreign exchange market, the local unit opened at 82.71 against the US dollar and moved in a range of 82.67 to 82.77 in the day trade.

Rupee slips 1 paisa to close at record low of 83.10 against dollar on forex outflows

Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and a rising US dollar.

Rupee takes cautious steps towards internationalisation as case for de-dollarisation strengthens

India is seeking to ride on bilateral trade pacts to internationalise the rupee and reduce dependency on the dollar. Besides tariff levels and the removal of measures and provisions that act as trade barriers, India has now thrown currency into this mix as a matter of strategic interest.

Can Indian Rupee challenge the Dollar? | A realistic view of Rupee Vs Dollar debate| DeDollarisation

The American dollar has dominated world trade as a global currency reserve for decades now. The USD was involved in nearly 90% of global forex transactions, making it the single most traded currency in the FX market. The USA and its allies have used dollar dominance to their advantage in the form of economic sanctions. But did America take it too far by using excessive sanctions against Russia amid the Russia-Ukraine War? Watch this video to understand the concept of dedollarisation and get a realistic picture of whether the Rupee has what it takes to become a global currency.