Tag: Indian Rupee

Mumbai: The key Indian equity market indices on Thursday opened higher following a positive trend in global markets. The Sensitive Index (Sensex) of the BSE, which had closed at 35,716.95 points on Wednesday, opened higher at 35,997.29 points. Minutes into trading, it was quoting at 35,961.22 points, up by 244.27 points, or 0.68 per cent. […]

Mumbai: India’s benchmark stock indices followed their Asian peers lower on Tuesday, after an overnight slump on the Wall Street led by technology stocks. The S&P BSE Sensex fell 300 points while the broader Nifty settled below the 10,700-mark. “With regard to the RBI board meeting, the market drew relief from the fact that the […]

Mumbai: Broadly negative Asian markets, along with a slightly weak rupee and profit booking dragged the key domestic equity indices in the red during Monday’s morning trade session. In addition, heavy selling pressure was witnessed in banking, auto and consumer durable stocks. The Indian rupee opened on a weaker note at 72.88 per US dollar […]

Mumbai:The 30-scrip S&P BSE Sensex on Friday opened in the negative territory taking cues from its Asian peers. Heavy selling pressure was witnessed in finance, banking and metal counters. The Sensex of the BSE opened at 33,776.80 from its previous close at 33,690.09 on Wednesday. At 9.20 a.m., the Sensex traded at 33,553.39 down by […]

Mumbai: The Reserve Bank of India’s (RBI) stance, along with an expected hike in the US lending rates and high crude oil prices are expected to further exert pressure on the Indian rupee in the coming week, experts say. In addition, the continuous outflow of foreign funds from the equity segment and global market volatility […]

Mumbai: The Central government’s measures to arrest the drastic fall in rupee are expected to steer the equity market trajectory next week. In addition, market observers opined that high crude oil prices along with global cues on trade protectionist measures will impact investors’ risk-taking appetite. However, a positive reaction is expected from investors on the […]

Kolkata: The Indian rupee is “tracking closer to its fair value” and the scope for further rapid depreciation appears unlikely, though the time is appropriate for policy interventions to anchor negative sentiments, experts said on Saturday. “Currently, the rupee is tracking closer to its fair value as per our fair value computation. From here on, […]

Mumbai: Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning. The rupee has been on a down slide owing to inflationary pressure and decline among its global peers against the dollar. On Wednesday, it opened at a low of 72.78 per dollar, against the previous close 72.69 […]

Mumbai: The Indian rupee plunged to a fresh record low of 70.81 to a US dollar during the morning trade session on Thursday. Around 10.00 a.m. the Indian rupee was pegged at 70.68 after it touched 70.81 to a US dollar — the lowest ever mark — against the greenback. It opened the day’s trade […]

Mumbai: The Indian rupee’s movement against the US dollar and the upcoming macro-economic data points are expected to chart the course of key domestic equity indices during the coming week. According to market observers, other factors such as the direction of foreign fund flows, derivatives expiry and the volatility in global crude oil prices will […]

Mumbai: Positive global cues and recovery in the Indian rupee lifted the benchmark S&P BSE Sensex and NSE Nifty50 to provisionally end at record closing highs on Monday. Heavy buying activity was witnessed in capital goods, metal and oil and gas stocks, analysts said. Earlier in the day, both the indices — BSE Sensex and […]

Mumbai: Wider trade deficit, along with recent outflow of foreign funds, weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday. At 9.45 a.m., the rupee traded at 70.18-19 after it had plunged to 70.32-33 — the lowest ever — against the greenback. On Tuesday morning, the Indian […]

Mumbai: Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against a US dollar during the pre-afternoon hours on Tuesday. Around 11.00 a.m., the rupee plunged to 70.08 to a US dollar. However, soon afterward the Reserve Bank […]

Mumbai: The Indian rupee’s movement, coupled with fluctuations in global crude oil prices, are expected to drive investor sentiments on the key domestic equity indices during the upcoming week. Besides, equity market participants will monitor the monthly automobile sales data along with production figures for eight core industries (ECI) in June and the direction of […]

Mumbai: The rupee weakened by 26 paise to 71.45 against the US dollar in early trade Monday on increased demand for the American currency from importers amid rising crude prices and foreign fund outflows. At the interbank forex exchange, the rupee opened lower at 71.38 and weakened further to quote 26 paise down at Rs […]