Tag: Gold Price

Rising for the fifth straight day, the rupee extended gains by 11 paise to close at 74.55 (provisional) against the US dollar on Monday on the back of a weak dollar and softer crude oil prices amid hopes of a diplomatic solution to the Russia-Ukraine crisis.

The rupee appreciated by 39 paise to 74.67 against the US dollar on Friday on hopes of a diplomatic solution to the East-West standoff over Ukraine.

The rupee appreciated by 25 paise to close at 75.07 (provisional) against the US dollar on Wednesday, amid signs of de-escalation in the conflict between Russia and Ukraine.

The rupee plunged by 22 paise to close at 75.58 (provisional) against the US currency on Monday, as geopolitical tensions pushed investors towards safe-haven assets.

The rupee plunged by 24 paise to 75.39 (provisional) against the US currency at close on Friday due to fears of an aggressive rate hike by the Federal Reserve after US inflation raced to a 40-year high in January.

Registering its third straight session of loss, the Indian rupee on Thursday depreciated by 30 paise to close at 75.08 (provisional) against the US dollar, tracking the strength of the American currency after a hawkish US Fed policy stance.

The rupee on Monday slumped by 19 paise to 74.62 (provisional) against the US dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.

The rupee on Thursday slipped 7 paise to close at 74.51 (provisional) against the US dollar, tracking a lacklustre trend in the domestic equity market.

Declining for the second straight session, the rupee on Monday fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments.

The rupee inched higher by 3 paise to close at 73.90 (provisional) against the US dollar on Thursday, as muted domestic equities and weak macroeconomic data weighed on investor sentiments.

At the interbank forex market, the local unit opened strong at 74.15 against the greenback and witnessed an intra-day high of 74.03 and a low of 74.21. It finally settled at 74.03, a rise of 31 paise over its previous close.

Gold price on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices.

The rupee pared its initial losses and closed on a positive note in the first trading session of 2022 on Monday, tracking positive domestic equities.

Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded shares worth Rs 975.23 crore on Wednesday, according to stock exchange data.

The rupee on Thursday extended its gains and jumped 30 paise to close at 75.24 (provisional) against the US dollar amid a positive trend in domestic equities.