May 24, 2022 10:06 AM ISTAt the interbank foreign exchange, the rupee opened weak at 77.56 against the American dollar, then turned volatile to trade in a tight range of 77.56 to 77.51. The domestic unit was trading at 77.56 against the greenback, registering a fall of just 1 paisa over the last close.
May 24, 2022 09:25 AM IST ICICI Direct, The US dollar slipped from its multiyear high amid profit taking. Further, investors turned hopeful that loosening lockdowns in China can help global growth.
May 23, 2022 04:08 PM IST At the interbank forex market, the domestic unit opened at 77.69 against the US dollar.
May 23, 2022 10:01 AM IST However, unabated foreign fund outflows and surging crude prices in the international markets restricted the rupee's gain, forex dealers said.
May 23, 2022 09:38 AM IST According to Barclays, tax cuts on motor fuels, cooking gas subsidies and duty cuts on imports could ease prices but widen fiscal deficit to 6.9% of GDP, significantly overshooting budgetary estimates of 6.4%.
May 23, 2022 08:33 AM IST ICICI Direct, The US dollar appreciated by 0.15% on Friday amid a rout across markets due to fears of the impact of soaring inflation.
May 20, 2022 04:45 PM IST The rupee finally ended at 77.53, higher by 3 paise over its previous close of 77.56. According to Dilip Parmar, Research Analyst, HDFC Securities, the lack of dollar demand and rebound in domestic equities augur well for the rupee.
May 20, 2022 10:13 AM IST At the interbank foreign exchange, the rupee opened at 77.51 against the American dollar, then gained further ground to quote at 77.49, registering a rise of 7 paise from the last close.
May 19, 2022 04:05 PM IST At the interbank foreign exchange market, the rupee opened lower at 77.72 against the greenback, and finally settled for the day at 77.72, down 10 paise over its previous close.
May 19, 2022 10:11 AM IST At the interbank foreign exchange, the rupee opened at 77.72 against the American dollar, then lost ground to quote at 77.74, registering a fall of 12 paise from the last close.
May 19, 2022 08:59 AM IST ICICI Direct, The pound dipped yesterday amid strong dollar and weak economic data.
May 18, 2022 04:56 PM IST Mumbai, May 18 The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign ..
May 18, 2022 09:54 AM IST However, a higher opening in the domestic equity market restricted the rupee's fall, they added. At the interbank foreign exchange, the rupee opened weak at 77.57 against the American dollar, then gained some lost ground to quote at 77.50, registering a fall of 6 paise over the last close.
May 18, 2022 09:48 AM IST ICICI Direct, The dollar eased for a third straight day by 0.86% yesterday amid uptick in investors’ appetite for riskier assets.
May 17, 2022 04:50 PM IST After opening lower at 77.67, the local unit plunged further to its all-time intra-day low of 77.79 due to a spike in crude oil prices and disappointing macroeconomic data.
May 17, 2022 10:03 AM IST At the interbank foreign exchange, the rupee opened weak at 77.67 against the American dollar, then lost further ground to quote at 77.69, registering a fall of 14 paise from the last close.
May 17, 2022 09:54 AM IST The partially convertible rupee was trading at 77.73/74 to the dollar by 0358 GMT, versus Friday's close of 77.45. The 1-month non-deliverable forward was trading at 77.96/97 to the dollar.
May 17, 2022 08:38 AM IST ICICI Direct, The Euro appreciated by 0.27% yesterday amid weakness in dollar and rise in risk appetite in domestic markets.
May 16, 2022 09:19 AM IST In trade weighted inflation adjusted REER terms, the Rupee was close to its fair value in March 2022 against a basket of 40 currencies. However, intensification of depreciation pressure on the Chinese Yuan would weigh on the Rupee and other Asian currencies to maintain competitiveness. A sharp depreciation in Yuan remains a key downside risk to the Rupee’s exchange rate
May 16, 2022 07:59 AM IST Easy-to-remember retail prices are important to both budget-conscious consumers and brands. When a 10-rupee detergent starts selling for 12, policy makers are already looking at entrenched inflation.
May 13, 2022 10:30 AM IST ICICI Direct, Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets.
May 13, 2022 10:06 AM IST At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close.
May 12, 2022 07:17 PM IST Banks, especially public sector lenders, that have actively raised money from offshore markets will find it costlier to service debt due to the currency’s depreciation.
May 12, 2022 04:30 PM IST At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and plunged to its all-time intra-day low of 77.63.
May 12, 2022 10:40 AM IST Besides, persistent foreign fund outflows and elevated crude oil prices impacted the domestic unit, forex traders said.
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