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.
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Thu, Aug 22, 2024
Why is the rupee not able to recover? No support even from fall in dollar index. What is the reason for the fall in rupee?
Wed, Aug 07, 2024
On Wednesday, the Indian rupee closed lower by 4 paise at 83.96 against the US dollar, impacted by a stronger greenback and Middle East tensions. Despite this, domestic market strength and rising crude oil prices provided some support. The rupee traded within a narrow range, while global equities and anticipated RBI policy decisions could influence future movements. The dollar index rose, and Brent crude saw a 1.22% increase
Wed, Apr 17, 2019
The Reserve Bank of India had issued Fluorescent Blue-coloured Rs 50 note in August, 2018.
Tue, Apr 16, 2019
The rupee opened at 69.55 at the interbank forex market, then lost further ground and fell to 69.59, down 17 paise over its last close.
Mon, Apr 08, 2019
Brent crude futures, the global oil benchmark, rose 0.51 per cent to USD 70.70 per barrel.
Thu, Mar 28, 2019
Features that Rs 20 will have under the revamped Mahatma Gandhi (New) Series by RBI.
Wed, Mar 27, 2019
PM Narendra Modi addressed the nation today and said that India has shot down a low orbit live satellite some 300 km in the sky. India has now become the fourth nation in the world to have the capability to do so after US, Russia and China.
Tue, Mar 26, 2019
The weakening of the US dollar against some currencies overseas and a higher opening in domestic equity market, supported the local unit, a currency dealer said.
Mon, Mar 25, 2019
CLSA points out that, rupee has gained 7% from its all-time low made in Oct’18, as CAD stabilised and foreign capital inflows improved due to global factors and expectations of a stable Government.
Forex dealers said the local unit was weighed down by strong dollar demand from importers to make month-end payments. However, sustained foreign fund inflows and easing crude prices restricted the fall.
Fri, Mar 15, 2019
The benchmark BSE Sensex was trading higher by 148.89 points, or 0.39 per cent, at 37,903.78; while the NSE Nifty was trading at 11,374.45, higher by 31.20 points, or 0.28 per cent.
Thu, Mar 14, 2019
Forex dealers said, strengthening of the American currency in overseas market weighed on the domestic currency. However, sustained foreign fund inflows and higher opening in domestic equities supported the rupee and restricted the fall.
Tue, Mar 12, 2019
The US dollar index -- a measure of the value of the American currency relative to a basket of key foreign currencies -- was lower by 0.17 per cent at 97.012.
Mon, Mar 11, 2019
The US dollar depreciated against most Asian currencies after Federal Reserve Chairman Jerome Powell said the central bank was in no hurry to change interest rates.
Fri, Mar 08, 2019
A group of six students from the Department of Computer Science and Engineering developed the code for a smartphone application to detecting counterfeit currency.
Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency. However, fresh foreign fund inflows, easing crude prices supported the rupee and restricted the fall.
Thu, Mar 07, 2019
The rupee opened strong at 70.08 at the interbank forex market and then gained further ground and touched 69.98, a gain of 30 paise over its last close.
Wed, Mar 06, 2019
The rupee Tuesday had strengthened by 43 paise to close at 70.49 against the US dollar.
Fri, Mar 01, 2019
On the macro-economic front, a caution prevailed after official data showed that country's economic growth slowed to a 5-quarter low of 6.6 per cent in the October-December period.
Thu, Feb 28, 2019
The committee recommended the steps for relating to standardisation of storage facilities in currency chests. RBI has examined the recommendations and have asked banks to implement them.
Crude oil prices, Sino-US trade talks, Lok Sabha election results in India, time taken for achieving normalcy between India and Pakistan are some factors that would decide the fate of Rupee-Dollar deviation.
The rupee fell 17 paise to close at 71.24 against the US dollar Wednesday amid a flare up of tensions between India and Pakistan.
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