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Tag: Forex Traders

Rupee slips 26 paise to 69.32 vs USD in early trade

Mumbai: The rupee on Friday declined by 26 paise to 69.32 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows. Forex traders said market sentiment took a hit after the US announced additional 10 per cent tariff on USD 300 billion in Chinese […]

Rupee slips 28 paise against US dollar in early trade

Mumbai: The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone. Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market, forex traders said. […]

Rupee surges by 24p to 1-wk high on US rate cut hopes

Mumbai: The rupee Thursday surged 24 paise to close at a one-week high of Rs 69.44 against the US currency on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future. The rupee rose to a high of 69.35 […]

Rupee furthers gains by 44 paise to 69.26 against US dollar

Mumbai: The Indian rupee Monday appreciated by another 44 paise to close at 69.26 to the US dollar in line with an intense rally in domestic equities amid hopes of a rate cut by the Reserve Bank. The domestic currency opened strong at 69.48 and later rose to the day’s high of 69.10 at the […]

Rupee falls 47 paise to 69.82 against US dollar in early trade

Mumbai: The rupee fell sharply by 47 paise to 69.82 against the US dollar in early trade Monday on higher demand for the greenback from importers and banks. Forex dealers said besides increased demand of the US currency from importers, lower opening of the equity markets weighed on the rupee. The domestic unit opened lower […]

Rupee drops 25 paise to close at 69.42 vs USD

Mumbai: The rupee Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day’s low of 69.46. It finally settled at 69.42 per […]

Rupee sees high volatility
Rupee gains 20 paise to 69.75 against dollar in opening trade

Mumbai: The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market. Forex traders said weakening of the US dollar against some currencies overseas aided the local unit. Meanwhile, the dollar index, which gauges the American currencies […]