Tag: Dollar

rupee
Rupee Surges 14 Paisa To 74.59 Against US Dollar In Early Trade

Mumbai: The Indian rupee appreciated by 14 paisa to 74.59 against the US dollar in opening trade on Tuesday, supported by positive domestic equities. At the interbank forex market, the…

Rupee sees high volatility
Rupee Sees High Volatility, Opens At 73.36 Per Dollar In Early Trade

Mumbai: The rupee witnessed high volatility in the opening session on Friday amid heavy selling in domestic equities and a rebound in the American currency. At the interbank forex market, the domestic unit opened on a strong note at 73.38 against the US dollar, then gained further to quote at 73.35. The local unit, however, […]

RBI Unleashes More Firepower; Cuts Reverse Repo

Mumbai: To mitigate the impact of economic fallout on financial liquidity due to COVID-19 pandemic, the Reserve Bank of India on Friday announced a set of new measures including a reduction in reverse repo rate. Accordingly, the rate now stands at 3.75 per cent of Liquidity Adjustment Facility (LAF). The reverse repo is an important […]

Rupee
Rupee tops 71 per dollar as RBI lowers growth forecast

Mumbai: Domestic currency depreciated 13 paise to fall below the physiological mark of 71 a dollar on Monday. This comes after the Reserve Bank of India sharply lowered its FY20 growth forecast from 6.9 per cent earlier to 6.1 per cent. However, RBI expects 2QFY20 GDP growth at 5.3 per cent and it forecasts sharp […]

Rupee Slips 28 Paise To 71.88 Against USD In Early Trade

Mumbai: The rupee opened on a cautious note and fell 28 paise to 71.88 against the US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas. Forex traders said the drone attacks on Saudi Arabia’s oil facilities have enthused demand for safe heaven assets like the US […]

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Rupee reverses gains to close nearly flat at 71.71 against US dollar

Mumbai: The rupee pared initial gains to settle almost flat at 71.71 against the US dollar on Monday as rising crude oil prices kept investors edgy. Rising crude oil prices and foreign fund outflows weighed on the domestic currency, forex dealers said. Crude oil spurted 0.44 per cent to USD 61.81 per barrel in anticipation […]

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Rupee gains 12 paise against dollar in early trade

Mumbai: The rupee appreciated by 12 paise to 71.67 against the US dollar in early trade on Friday following positive developments in the US-China trade talks. Besides, firm trend in domestic equity markets and easing crude oil prices also revived the rupee sentiment, forex dealers said. At the interbank foreign exchange, the rupee opened strong […]

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Rupee Slips 9 Paise To 71.57 Vs USD In Early Trade

Mumbai: The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities. Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies like South Korean won, Thai Baht, Malaysian ringgit, […]

Rupee
Rupee rises 22 paise to 70.47 against USD in early trade

Mumbai: The rupee appreciated by 22 paise to 70.47 against the US dollar in early trade on Friday, tracking gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax surcharge during the day. At the interbank foreign exchange, the rupee opened at 70.54, then gained momentum […]

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Rupee rebounds 18 paise to 70.71 against USD in early trade

Mumbai: The rebounded by 18 paise to 70.71 against the US dollar in early trade on Thursday, a day after the Reserve Bank of India cut the key interest rate by 35 basis points. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 […]