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Rupee rises by 7 paise to 83.82 against US dollar in early trade

Rupee rises by 7 paise to 83.82 against US dollar in early trade

Fri, Aug 30, 2024

Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.

Rupee falls 3 paise to close at 83.96 against US dollar

Rupee falls 3 paise to close at 83.96 against US dollar

Wed, Aug 28, 2024

The Indian rupee depreciated by 3 paise to close at 83.96 against the US dollar on Wednesday, amid strong dollar demand from importers, especially oil companies. Despite this, a positive trend in domestic equities, foreign fund inflows, and a decline in crude oil prices provided some support.

Currency news: Rupee falls 2 paise to 83.95 against US dollar in early trade

Currency news: Rupee falls 2 paise to 83.95 against US dollar in early trade

Wed, Aug 28, 2024

The rupee depreciated by 2 paise to 83.95 against the US dollar, influenced by a muted trend in domestic equities. Despite the dip, the rupee's downside appears well-contained, supported by anticipated RBI intervention.

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Currency alert! 5-month high - How liquidity gush in stock markets powered rupee to break the 74-mark

Currency alert! 5-month high - How liquidity gush in stock markets powered rupee to break the 74-mark

Sun, Aug 30, 2020

A liquidity gush in the stock markets powered rupee to break the 74-mark as it ended at 73.80 to a dollar, making it the strongest currency in the past three months, closing at a five-month high.

Global cues, Q1 GDP expectations to make rupee volatile: Experts

Global cues, Q1 GDP expectations to make rupee volatile: Experts

Sun, Aug 23, 2020

Optimism over the development of Covid-19 vaccine along with broad-based growth trends is expected to induce volatility in the rupee's value during the short term.

Global boost: Higher reserves, rising inflows to strengthen rupee

Global boost: Higher reserves, rising inflows to strengthen rupee

Sun, Jul 26, 2020

Rising foreign reserves along with healthy Foreign Direct Investment (FDI) inflows are expected to strengthen the Indian rupee in the immediate-to-short run.

FDI boost: Rupee to gain strength via inflows

FDI boost: Rupee to gain strength via inflows

Sun, Jul 19, 2020

The Indian rupee is expected to strengthen as healthy FDI inflows along with FII funds pour into the country.

India's forex reserves up by $5.69 billion

India's forex reserves up by $5.69 billion

Sun, Mar 15, 2020

India's foreign exchange reserves made healthy gains of $5.69 billion during the week ended March 6.

India's forex reserves rise by $3.51 bn to $446 bn

India's forex reserves rise by $3.51 bn to $446 bn

Sat, Nov 09, 2019

India's foreign exchange reserves rose by $3.51 billion during the week ended November 1, official data showed on Friday.

Forex reserves swell by USD 1.87 bn to USD 413.8 bn

Forex reserves swell by USD 1.87 bn to USD 413.8 bn

Fri, Apr 12, 2019

Expressed in dollar terms, foreign currency assets include the effect of appreciation/ depreciation of non-US currencies like the euro, pound and the yen held in the reserves.

SBI bank account holder? These forex charges are levied for carrying financial transactions outside India

SBI bank account holder? These forex charges are levied for carrying financial transactions outside India

Fri, Apr 05, 2019

Outward Remittance is when a resident of India or an NRI, transfers funds in foreign exchange, to a beneficiary outside the country (except Nepal and Bhutan)

Forex traders anxious as sleepy markets slow to calmest in years

Forex traders anxious as sleepy markets slow to calmest in years

Mon, Apr 01, 2019

The $5.1-trillion-a-day foreign exchange market is suffering more than most from central bank decisions to move in tandem and keep interest rates low for longer.

RBI's Central board to decide today on paying interim dividend to govt

RBI's Central board to decide today on paying interim dividend to govt

Mon, Feb 18, 2019

This segment of Zee Business brings to you latest on RBI's Central board meeting in which decision on paying interim dividend to govt can be taken. Watch full video to know more.

Petrol, diesel price: Brent Crude may touch $70/barrel by Mid of March, say experts

Petrol, diesel price: Brent Crude may touch $70/barrel by Mid of March, say experts

Mon, Feb 18, 2019

Due to rise in crude oil prices in global merchandise, Indian government won't be able to continue its buy-back policy and will be forced to increase petroleum product prices in domestic markets, say experts.

Looking to invest? This commodity is set to give 74% return by April end

Looking to invest? This commodity is set to give 74% return by April end

Mon, Feb 18, 2019

As one lot of crude oil at MCX required Rs 51,000 investment, one can expect up to Rs 38,000 return in next two months time frame, say experts.

Rupee versus euro: Expert opinion for Forex traders

Rupee versus euro: Expert opinion for Forex traders

Wed, Jan 16, 2019

Today, a break below 81.30 would extend its fall towards 81.00-80.80. On the upside, a break above 81.80 would open the door for 82.50 and above.

This step can arrest rupee slide

This step can arrest rupee slide

Wed, Aug 15, 2018

As the rupee today hit an all-time low of 70.1 against the US dollar, economists expressed concerns and suggested imposition of "restrictions" to stem the slide.

Rupee wobbles on gushing trade deficit woes amid rising crude

Rupee wobbles on gushing trade deficit woes amid rising crude

Sat, Jan 20, 2018

Stretching its losses for the second-straight week, the home currency depreciated by 21 paise to end at 63.84.

Rupee holds up high, surges 16 paise against dollar to 64.89

Rupee holds up high, surges 16 paise against dollar to 64.89

Mon, Oct 30, 2017

The rupee started with a high today strengthening 16 paise to 64.89 against the dollar after the European Central Bank (ECB) said it would soon taper off its monetary stimulus.

Rupee stretches gains, up 5 paise at 64.05

Rupee stretches gains, up 5 paise at 64.05

Wed, Aug 23, 2017

The rupee firmed up by 5 paise to 64.05 against the US dollar in early trade today on sustained selling of the American currency by banks and exporters.

Funds inflows lift rupee to 63.60 against dollar

Funds inflows lift rupee to 63.60 against dollar

Fri, Aug 04, 2017

The rupee appreciated by 9 paise to 63.60 against the US dollar today on continued foreign capital inflows. It also found support from dollar's weakness overseas and increased selling of the American currency by exporters and banks, dealers said.

US dollar rises amid economic data

US dollar rises amid economic data

Fri, Aug 04, 2017

The US dollar traded higher against most major currencies as investors digested the latest economic data. In late New York trading on Thursday, the euro rose to $1.1869 from $1.1868, and the British pound fell to $1.3131 from $1.3239, Xinhua news agency reported.

Rupee gains 6 paise, global dollar weakness helps

Rupee gains 6 paise, global dollar weakness helps

Wed, Jul 05, 2017

The rupee firmed up 6 paise to 64.68 against the dollar today after increased selling of the US currency by exporters and banks. It received backing from a weak dollar against other currencies overseas.

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