Today Rupee opens 15 paise higher at 67.95 against dollar

Today Rupee opens 15 paise higher at 67.95 against dollar

 

Rupee opened nearly 15 paise higher at 67.95 against the US dollar on account of fresh selling of American currency by banks and exporters in view of weakness in greenback overseas amid mixed global cues.

The dollar index, which tracks the greenback against a basket of major currencies, declined 0.5 per cent to 102.17, following a 0.6 per cent slide in the previous trading session. The local currency on Thursday closed 14 paise higher at 68.10 against dollar.

The Indian rupee on Friday strengthened for the second consecutive session against the US dollar tracking the gains in the local equity and Asian currencies markets.

The home currency opened at 67.96 against the US dollar. At 9.15am, the rupee was trading at 67.95 per US dollar, up 0.22% from its previous close of 68.10. So far this year, it has fallen 2.66%.

India’s benchmark Sensex index was trading at 26,440.90 points, up 0.28% or 74.75 points from its previous close. So far this year, it has risen 0.95%.

Asian currencies were trading higher as dollar index continues to weaken against its major peers amid lower treasury bond yields.

 

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Rupee opens nearly 3 paise higher at 68.20 against dollar

Rupee opens nearly 3 paise higher at 68.20 against dollar

 

The Indian rupee on Thursday strengthened marginally against the US dollar, tracking gains in the Asian currencies markets.The home currency opened at 68.23 against the US dollar.
 

the rupee was trading at 68.17 per US dollar, up 0.11% from its previous close of 68.24. So far this year, it has fallen 3%.

Asian currencies were trading higher. Japanese yen was up 0.34%, Thai Baht 0.17%, South Korean won 0.1%, China renminbi 0.09%, Singapore dollar 0.05%. However, China Offshore spot was down 0.23%, Indonesian rupiah 0.16%.

India’s benchmark Sensex index was trading at 26,195.01 points, down 0.06% or 3.41 points from its previous close. So far this year, it has up 0.3%

The 10-year bond yield was trading at 6.617%, compared to Wednesday’s close of 6.585%. Bond yields and prices move in opposite directions.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.09, down 0.21% from its previous close of 103.3.

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Today Rupee weak Against US dollar in early trade

Today Rupee weak Against US dollar in early trade

 

The Indian rupee on Wednesday weakened for the second session and hitting an over three-week low against the US dollar because of consistent sell-offs by foreign institutional investors in domestic equity and debt markets.

The home currency opened at 68.05 against the US dollar and touched a low of 68.20—a level last seen on 5 December.

At 9.15am, the rupee was trading at 68.19 per US dollar—down 0.19% from its previous close of 68.06. So far this year, it has fallen 3%.

Since 8 November, the foreign institutional investors have sold a combined of nearly $10 billion in domestic equity and debt markets. So far this year, foreign institutional investors have bought $3.28 billion in equities and sold $6.74 billion in debt.

Fall in the Asian currencies also dampened the local currency. Japanese yen was down 0.2%, Philippines peso 0.1%, Taiwan dollar 0.07%, Malaysian ringgit 0.05%, Thai Baht 0.04%, China renminbi 0.04%. However, China Offshore was up 0.07%, South Korean won 0.05%.

 

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Today Rupee trades marginally lower against US dollar

Today Rupee trades marginally lower against US dollar

 

The Indian rupee on Tuesday was trading marginally lower against the US dollar tracking the losses in its Asian peers. Trade is likely to be thin because many dealers are on year-end holiday.

The home currency opened at 67.81 against the US dollar. At 9.15am, the rupee was trading at 67.83 per US dollar—down 0.12% from its previous close of 67.74. So far this year, it has fallen 2.5%.

Asian currencies were trading lower. Thai Baht was down 0.39%, South Korean won 0.37%, Japanese yen 0.22%, Taiwan dollar 0.2%, Philippines peso 0.19%, Malaysian ringgit 0.12%, Singapore dollar 0.1%, China Offshore 0.06%.

India’s benchmark Sensex index was trading at 25,809.01 points, up 0.01% or 1.91 points from its previous close. So far this year, it has down 1.2%

The 10-year bond yield gained for the fourth consecutive sessions and hit six-week high. It was trading at 6.597%—a level last seen on 11 November, compared to Monday’s close of 6.544%. Bond yields and prices move in opposite directions.

So far this year, foreign institutional investors have bought $3.44 billion in equities and sold $6.61 billion in debt.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.10—up 0.13% from its previous close of 102.97.

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Today Rupee rises 3 paise to 67.79 against dollar in early trade

Today Rupee rises 3 paise to 67.79 against dollar in early trade

The Indian rupee on Monday was trading little changed against the US dollar. Trade is likely to be thin because many dealers are on year-end holiday.

The home currency opened at 67.81 against the US dollar. At 9.15am, the rupee was trading at 67.82 per US dollar, up 0.01% from its previous close of 67.83. So far this year, it has fallen 2.44%.

India’s benchmark Sensex index was trading at 26,056.17 points, up 0.06% or 15.47 points from its previous close. So far this year, it has down 0.3%

The benchmark 10-year government bond yield was trading at 6.54% compared to Friday’s close of 6.544%. Bond yields and prices move in opposite directions.

So far this year, foreign institutional investors have bought $3.65 billion in equities and sold $6.54 billion in debt.

Asian currencies were trading higher. South Korean won was up 0.26%, Japanese yen 0.18%, Taiwan dollar 0.16%, Indonesian rupiah 0.13%, China Offshore 0.08%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.96, down 0.05% from its previous close of 103.01.

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Rupee inches up 9 paise to 67.90 against dollar in early trade

Rupee inches up 9 paise to 67.90 against dollar in early trade

 

The rupee ruled higher against the dollar, rising 9 paise to 67.90 in early trade at the Inter-bank Foreign Exchange today on increased selling of the US currency by exporters and banks.

Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.

The local currency had depreciated by 8 paise to settle at 67.99 against the greenback yesterday on massive capital outflows that induced further instability to the currency markets.

Meanwhile, the benchmark BSE Sensex fell by 64.19 points, or 0.25 per cent, to trade at 25,915.41 in early trade.

 

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Rupee extends rally, rises 8 paise to 67.83 against dollar

Rupee extends rally, rises 8 paise to 67.83 against dollar

The rupee extended Wednesday's gains and opened 8 paise higher at 67.83 against the dollar on Thursday after the American currency lost some of the steam against a basket of top global currencies as investors booked some profit before the release of US economic data due later in the day.

The domestic equity market opened on a cautious note following weak global cues. The BSE Sensex opened 18.31 points, or 0.07 per cent, down at 26,224, while NSE's Nifty50 index opened 17.45 points, or 0.22 per cent, down at 8,043. The rupee was trading 6 paise higher at 67.85 against the dollar in morning trade around 9.30 am.

The domestic currency closed 12 paise higher at 67.91 against the dollar on Wednesday. However, foreign institutional investors (FIIs) stood net sellers in the domestic market as they offloaded shares worth Rs 621.37 crore with gross purchases and gross sales of Rs 3,288.88 crore and Rs 3,910.25 crore

The US dollar fell against most currencies on Wednesday with the Dollar Index falling 0.26 per cent as sentiments over US interest rate hike subsided. Gains in the euro and the Japanese yen led to profit booking in the US currency.

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Rupee recovers 10 paise against dollar in early trade

Rupee recovers 10 paise against dollar in early trade

 

The rupee gained some strength and was trading nearly 10 paise higher at 67.93 against the US dollar in early trade on Wednesday on some selling pressure in the American currency from domestic companies and banks.

Domestic equity indices Sensex and Nifty opened in the green, following firm global cues. The 30-share Sensex opened 60.90 points, or 0.23 per cent, higher at 26,368, while the 50-share Nifty opened 23.45 points, or 0.29 per cent, up at 8,105. The local currency opened at nearly 7 paise up at 67.96 against the dollar.

The rupee slipped by 16 paise to 68.03 against the greenback on Tuesday. Market watchers said sustained capital outflow kept the currency under pressure in Tuesday's session.

In the currency futures market, the most traded dollar-rupee December contract on NSE ended at 68.07 on Tuesday. The open interest on the December contract rose by 11.64 per cent from the previous day.

 

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Today Rupee trades 6 paise higher at 67.81 against US dollar

Today Rupee trades 6 paise higher at 67.81 against US dollar

 

The rupee was trading nearly 6 paise higher at 67.81 against the US dollar in early trade on Tuesday amid buying of the American currency by banks and exporters amid mixed global cues.

The domestic equity indices opened on a flat note. The 30-share Sensex opened 0.11 points down at 26,374, while the Nifty50 began the day 6.25 points higher at 8,110.

The rupee slipped around 11 paise against the dollar on Monday. Robust foreign money outflow coupled with near-term consequences of Fed rate hike largely kept sentiments cautious despite a dollar retreat.

The rupee is likely to stay under pressure due to evolving domestic uncertainties, weakening foreign trade and improving US monetary condition.

 

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Rupee opens nearly 4 paise down at 67.80 against dollar

Rupee opens nearly 4 paise down at 67.80 against dollar

The rupee opened nearly 4 paise down at 67.80 against the US dollar on Monday amid buying of the greenback by banks and exporters.

The domestic equity market opened on a cautious note following mixed global cues. The BSE Sensex opened 16.10 points, or 0.06 per cent, higher at 26,505, while NSE's Nifty50 opened 13.45 points, or 0.17 per cent, down at 8,126.

The local currency was trading nearly 3 paise down at 67.79 against the dollar at around 9.15 am. Foreign portfolio investors stood net sellers in the domestic equity market on Friday, having sold shares worth Rs 405.66 crore with gross purchases and gross sales of Rs 3,978.44 crore and Rs 4,384.10 crore, respectively.

The currency declined around 0.30 per cent against the dollar in the week gone by, as the dollar hit its 14-year high against a basket of major currencies after the Fed boosted the number of expected interest rate hikes for next calendar year.

Financial markets had widely expected the 25-basis point increase in the Fed benchmark interest rate.

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Rupee opens nearly 2 paise up at 67.82 against dollar

Rupee opens nearly 2 paise up at 67.82 against dollar

The rupee opened nearly 2 paise higher at 67.82 against the dollar on Friday amid some selling of the American currency by banks and exporters. The US dollar continued to trade near to its 14-year high level against a basket of major currencies as markets repositioned for a faster pace of rate hikes by the US Federal Reserve over the next year.

The domestic equity market opened flat on Friday morning, following global cues. The BSE Sensex was trading 19.80 points higher at 26,538 in the first half-an-hour of trade, while NSE's Nifty50 was up 0.45 points at 8,154.

The local currency slipped 40 paise against the dollar on Thursday after the Fed rate hike the second time in a decade.

For Friday's session, Nirmal Bang Commodities said, "The rupee is likely to trade in the 67.70-68.00 range against the dollar on Friday."

Government bonds on Thursday slipped for the first time in three sessions, with the benchmark note falling to over one-month low. The benchmark 6.97% 2026 bond yield jumped to 6.52 per cent from 6.41 per cent on Thursday.

 

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Rupee sinks over 35 paise against dollar after Fed hike

Rupee sinks over 35 paise against dollar after Fed hike

 

The rupee weakened nearly 36 paise to 67.80 against the dollar in early trade on Thursday on account of brisk buying of American currency by banks and importers.

The dollar hit its 14-year high on Thursday against a basket of major currencies after the Fed boosted the number of expected interest rate hikes for the next calendar year.

The rupee on Wednesday gained for first time in three sessions on positive sentiment triggered by lower inflation. The local currency closed 11 paise higher at 67.43 against the US dollar.

Brokerage Angel Broking said the USDINR is expected to depreciate in Thursday's session as the US Fed decision to increase interest rates and prediction of three rate hikes in 2017 boosted demand for the American currency, which in turn kept the pressure on the rupee. However, any unusual movement will prompt RBI to intervene in the market.

 

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Rupee trades 9 paise higher at 67.45 against US dollar in early trade

Rupee trades 9 paise higher at 67.45 against US dollar in early trade

 

The rupee was trading nearly 9 paise higher at 67.45 against the dollar in early trade on Wednesday amid some selling of the American currency by exporters and corporate houses ahead of the FOMC policy rate decision later in the day. The domestic currency opened at 67.54 against dollar on Wednesday.

The domestic equity market opened on a flat note. Benchmark BSE Sensex opened nearly 10 points higher at 26,707, while NSE's Nifty50 index opened 7.55 points up at 8,229.

The local currency had closed 12 paise down at 67.54 against dollar on Tuesday. Foreign portfolio investors were net buyers in the stock market on Tuesday, having bought shares worth of Rs 334.03 crore with gross purchase and gross sales of Rs 6,379.87 crore and Rs 6,045.84 crore, respectively. 

 

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Rupee opens nearly 5 paise down at 67.47 against dollar

Rupee opens nearly 5 paise down at 67.47 against dollar

 

The rupee opened nearly 5 paise down at 67.47 against the dollar on Tuesday on account of buying of the American currency by banks and importers as its Asian peers weakened.

According to market experts, traders are cautious ahead of macro-economic data due later in the day and the two-day rate-setting meeting of the Federal Open Market Committee that begins later on Tuesday.

The local currency remained highly volatile last week but managed to end with sharp gains and tested a three-week high on the back of sustained selling of the greenback amid a rally in domestic equity market and inflow of foreign funds.

Foreign institutional investors turned net buyers in December, having bought shares worth of Rs 139 crore. They had offloaded shares worth of Rs 18,244 crore and Rs 4,306 crore in November and October, respectively, according to the data available with NSDL. 

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Today Rupee opens nearly 16 paise down at 67.52 against dollar

Today Rupee opens nearly 16 paise down at 67.52 against dollar

 

The rupee opened nearly 16 paise down at 67.52 against the dollar on Friday on account of selling of the greenback by banks and importers.

The domestic currency was trading 22 paise down at 67.58 in early trade around 9.15 am.

Extending its gains for the third straight day, the rupee on Thursday closed at a near one- month high of 67.36, up 27 paise against the dollar.

The domestic equity market opened higher, following firm global cues. The BSE Sensex opened 94.25 points, or 0.35 per cent, higher at 26,788, while NSE's Nifty50 index rose 24.85 points, or 0.30 per cent, to 8,271.

Government bonds ended little changed on Thursday, as the RBI Monetary Policy Committee's surprise decision to keep rates steady dissuaded investors from adding fresh positions.

The benchmark 6.97 per cent bond maturing in 2026 ended at Rs 104.07 on Thursday against Rs 104.00 on Wednesday. As a result, bond yields fell to 6.40 per cent from 6.41 per cent on the previous day.

 

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Today Rupee surges 19 paise against dollar in early trade

Today Rupee surges 19 paise against dollar in early trade

 

The Rupee climbed 19 paise, or 0.28 per cent, to 67.44 against the dollar in early trade on Thursday amid selling of the greenback by banks and exporters amid firm global cues. The local currency opened 10 paise higher at 67.53 against the dollar.

Benchmark equity index BSE Sensex opened 129.65 points, or 0.49 per cent, higher at 26,366 while NSE’s Nifty index opened 50.05 points, or 0.62 per cent, up at 8,152.

Market experts said selling of the US dollar by banks and exporters amid renewed capital inflows from foreign institutional investors kept sentiment buoyant.

Foreign portfolio investors stood net buyers in the domestic equity market on Wednesday with gross purchases and gross sales of Rs 3,162.24 crore and Rs 2,956.05 crore, respectively.

 

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Rupee opens 6 paise higher at 67.84 against dollar

Rupee opens 6 paise higher at 67.84 against dollar

 

The rupee opened nearly 6 paise higher at 67.84 against the dollar on Wednesday amid selling of the greenback amid expectation of a rate cut by the Reserve Bank of India later in the day.

The domestic equity market opened on a flat note with a positive bias, following mixed global cues.

Benchmark BSE Sensex was trading 47.90 points, or 0.18 per cent, higher at 26,440 in early trade, while NSE's Nifty50 was up 18.85 points, or 0.23 per cent, at 8,162.
 

The benchmark 6.97 per cent bond maturing in 2026 ended at Rs 105.55 on Tuesday compared with Rs 105.44 the previous day. Bond yields eased to 6.20 per cent from 6.22 per cent.

The rupee also got some strength against the greenback after the apex bank decided to raise the ceiling for issue of securities under the market stabilisation scheme (MSS) to curb excess liquidity in the banking sector stemming from demonetisation.

 

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Today Rupee climbs 15 paise to 68.07 against dollar

Today Rupee climbs 15 paise to 68.07 against dollar

The rupee climbed nearly 15 paise to 68.07 against dollar in early trade on Tuesday on account of selling of American currency by banks and exporters. Overall market sentiments are looking cautious ahead of the Reserve Bank of India's monetary policy review on Wednesday.

Meanwhile, domestic equity markets opened in the green following mixed global cues. The BSE Sensex opened 54.26 points, or 0.21 per cent, up at 26,403.36, while NSE Nifty opened 24.40 points, or 0.30 per cent, up at 8,153.15.

Rupee opened nearly 12 paise up at 68.09 against dollar. The local currency on Monday settled almost flat with negative bias at 68.21 against the US dollar.

Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold shares worth Rs 125.25 crore with gross sales and gross purchases stood at Rs 2,157.42 crore and Rs 1,624.96 crore, respectively.

In the currency futures market, the most traded dollar-rupee December contract on the NSE ended at 68.34 on Monday. The December contract open interest fell 1.48 per cent from the previous day.

ICICI Securities in a research note said, "We expect the US dollar to gain support at lower levels. Utilise downsides in the dollar to go long on the US$INR pair."

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Today Rupee advances 7 paise to 68.15 against dollar in early trade

Today Rupee advances 7 paise to 68.15 against dollar in early trade

The rupee started nearly 7 paise higher against the US dollar at 68.15 on Monday amid selling of the American currency by banks and exporters.

The domestic equity market opened on a flat note, following mixed global cues.

The local currency was trading 6 paise up at 68.15, while equity benchmark Sensex was down 22.44 points, or 0.09 per cent, at 26,208. The Nifty50 index was trading 5.95 points, or 0.07 per cent, down at 8,080.

On Friday, the rupee added to its gains against the dollar, gaining over 10 paise to end at 68.22 on rising expectations that the Reserve Bank of India (RBI) will lower policy rates at its policy review on Wednesday.

The Monetary Policy Committee headed by RBI Governor Urjit Patel had slashed repo rate by 25 basis points to 6.25 per cent in October.

The rupee has weakened more than 3 per cent in recent weeks to hit record lows, pressured by a rally in the US dollar, capital outflows from emerging markets and worries that Prime Minister Narendra Modi's demonetisation move would severely dent growth.

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Rupee slips after opening gains, down 3 paise at 68.38 against dollar

Rupee slips after opening gains, down 3 paise at 68.38 against dollar

The rupee wiped off its opening gains and was trading nearly 3 paise down at 68.38 in early trade on Friday on account of sustained foreign fund outflows coupled with buying of American currency by banks and importers. Meanwhile, weak opening of domestic equity markets further affected market sentiments.

The local currency opened the day at 6 paise higher at 68.28 against dollar. Benchmark equity index NSE Nifty opened 39.35 points, or 0.48 per cent, down at 8,153.55, while BSE Sensex opened 161.45 points, or 0.61 per cent, down at 26,398.47.

Rupee ended at one-week high of 68.35 against dollar on Thursday following robust macro-economic data even as crude prices jumped after the historic Opec deal.

Government bonds advanced for a second day on Thursday, as expectations the central bank may lower interest rates next week spurred demand. The benchmark 6.97 per cent bond maturing in 2026 ended at Rs 105.47 against Rs 105.24 on Wednesday. The benchmark 6.97 per cent 2026 bond yield slipped to 6.22 per cent from 6.25 per cent the previous day.

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Rupee opens nearly 10 paise down at 68.48 against dollar

Rupee opens nearly 10 paise down at 68.48 against dollar

 

The Rupee opened nearly 10 paise down at 68.48 against the US dollar on Thursday on account of fresh buying of the American currency by banks and exporters.
 

Market sentiment got affected after the GDP growth print for the September quarter came in at 7.3 per cent, which was lower than 7.6 per cent recorded in the same quarter last year. At 9.27 am, the local currency was trading 4 paise down at 68.43 against dollar.
 

Domestic equity market opened in the green following firm global cues. The BSE Sensex was trading 58 points, or 0.22 per cent, higher at 26,711 in the first hour of trade, while NSE Nifty was up 20 points, or 0.24 per cent, at 8,244.
 

Market experts believe there are 90 per cent chances that the US Federal Reserve will increase interest rates in its upcoming policy meet. The rate hike by the Federal Reserve will lead to further outflow of foreign funds from emerging markets like India.
 

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Rupee edges up 7 paise to 68.58 against dollar in early trade

Rupee edges up 7 paise to 68.58 against dollar in early trade

The rupee opened 3 paise down on Wednesday morning, but soon recovered by 7 paise to 68.58 against the US dollar as banks and exporters sold some American currency.

The domestic equity market opened higher following mixed global cues. The BSE Sensex was up 70 points, or 0.27 per cent, at 26,464 at around 9.30 am (IST), while the Nifty50 index was trading higher by 16.55 points, or 0.20 per cent, at 8,158.

The rupee opened the day at 68.68 against the dollar, down 3 paise from its previous close. The local currency had settled 11 paise higher at 68.65 against the greenback on Tuesday.

Market experts said adequate dollar supplies following suspected RBI intervention through state-owned banks mainly supported the recovery in the rupee.

However, foreign institutional investors, or FIIs, stood net sellers in the domestic equity market on Tuesday, as they offloaded shares worth Rs 1,366 crore with gross purchases and gross sales of Rs 4,037 crore and Rs 5,404 crore

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Rupee appreciates nearly 5 paise to 68.72 against US dollar

Rupee appreciates nearly 5 paise to 68.72 against US dollar

 

Indian rupee appreciated around 5 paise in early trade on Tuesday on account of some selling of American currency by banks and exporters. Meanwhile, domestic equity markets opened on a flat note with marginal gains. The NSE Nifty opened 4.65 points, or 0.06 per cent, up at 8,131.55, while BSE Sensex opened 58.45 points, or 0.22 per cent, higher at 26,408.62.

The local currency opened nearly 4 paise higher at 68.73 against dollar. At 9.15 am, rupee was trading 5 paise up at 68.72.

Rupee on Monday settled 30 paise down at 68.77 against dollar on account of sustained foreign fund outflows. Foreign institutional investors, or FIIs, sold shares worth Rs 461.29 crore on November 28 with gross purchases and gross sales stood at Rs 3,770.32 crore and Rs 4,231.61 crore, respectively.

According to market experts, ongoing redemption pressure on foreign currency non-resident (FCNR) deposits also aided to the rupee fall.

 

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Rupee wipes off opening gains, down 12 paise against dollar in early trade

Rupee wipes off opening gains, down 12 paise against dollar in early trade

 

 

The Rupee wiped off its opening gains and was trading nearly 12 paise down at 68.54 against the dollar in early trade on Friday amid continued buying of the American currency by banks and importers.

The local currency opened 5 paise up at 68.42 against the greenback. Meanwhile, the domestic equity market opened flat with a negative bias following global cues.

The BSE Sensex was trading nearly 50 points, or 0.19 per cent, down at 26,267 around 9.30 am, while the NSE Nifty50 was down 22.25 points at 8,093.

The local currency closed higher by 27 paise at 68.47 against the US dollar on Friday compared with the previous close of 68.74. A rally in domestic equities supported market sentiments. RBI fixed the reference rate for the dollar at 68.46 and to the euro at 72.38 on Friday.

 

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Rupee hits 7 week-low against US dollar in early trade

Rupee hits 7 week-low against US dollar in early trade

The rupee traded 47 paise down at 67 against the US dollar in early trade on Friday due to a strong demand for the greenback globally and outflow of foreign institutional investors’ capital.

Benchmark equity indices Sensex and Nifty50 opened in the red, following mixed global cues. The 30-share Sensex traded 243.97 points, or 0.89 per cent, lower at 27,273, while Nifty50 was down 70.70 points, or 0.83 per cent, at 8,455.

Foreign institutional investors (FIIs) were net sellers of stocks in the domestic market on Thursday, as they sold shares worth of Rs 2,044.52 crore with gross purchase and gross sales of Rs 5,175.86 crore and Rs 7,220.38 crore, respectively.

The rupee on Thursday retreated from a two-month high and closed nearly 20 paise down at 66.63 against the US currency.

Meanwhile, the equity market got back its winning ways on Thursday, as the Sensex advanced over 265 points and the Nifty50 reclaimed the key 8,500 level on emergence of a rally in the banking stocks in anticipation of rise in deposits after withdrawal of high value notes and investors coming to terms with the US poll result.

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Today Rupee Gains nearly 8 paise against the US dollar in early trade

Today Rupee Gains nearly 8 paise against the US dollar in early trade

 

The rupee gained nearly 8 paise against the US dollar in early trade on Thursday amid firm opening of the domestic equity market following robust global cues. However, the local currency opened on a flat note at 66.43 level against the US dollar.

The rupee was trading 7 paise higher at 66.36 against the US dollar around 9.15 am. The BSE Sensex and NSE Nifty opened 352.52 points and 123.60 points higher at 27,605 and 8,555, respectively.

On Wednesday, the rupee reversed its initial losses and closed with a sharp gain of 19 paise at a two-month high of 66.43 against the dollar. However, benchmark equity indices plunged over a percentage point on the government’s drive against black money and Donald Trump’s win in the US presidential polls.

The dollar index recovered from a low of 95.885 against major currencies and tested the 98.448 level on Wednesday.

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Today Rupee plunges 23 paise on Modi's black money crack down

Today Rupee plunges 23 paise on Modi's black money crack down

 

Rupee plummeted by 23 paise to 66.85 against the US dollar in early trade on Wednesday on the government's surprise move to ban Rs 500 and Rs 1,000 currency notes in a bid to curb black money.

Besides, an early trend suggesting Republican Donald Trump's lead in US presidential election also influenced the trading sentiment.

However, a fresh demand for the American currency from importer weighed on the domestic currency, but dollar's tumbling against other rivals overseas on strong Trump showing in US election minimised the fall, traders said.

Yesterday, the rupee had ended higher by 12 paise to close at one-month high of 66.62 following heavy dollar unwinding by banks and exporters amid capital inflows.

Meanwhile, the benchmark BSE Sensex crashed below the 26,000-mark by plunging 1,688.69 points, or 6.12 per cent, to 25,902.45 in opening trade.

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Today Rupee gains 7 paise against dollar in early trade at Market

Today Rupee gains 7 paise against dollar in early trade at Market

 

The Indian rupee was trading nearly 4 paise higher against the US dollar in early trade on Tuesday on account of selling of American currency by banks and exporters amid a positive start of domestic equity markets. The local currency was trading 3 paise higher at 66.71 at 9.14 am.
 

Meanwhile, the BSE Sensex opened 78.27 points, or 0.29 per cent, up at 27,537.26, while the Nifty50 index opened 42.95 points, or 0.51 per cent, up at 8,540.

Defying a recovery in domestic equity markets, Indian currency on Monday settled 4 paise down at 66.74 against the US dollar.
 

The rupee is likely to trade in 66.50-67.30 band and 10-year government security at 6.78-6.89 per cent range this week ahead of the outcome of the US presidential elections to be held on November 8, according to India Ratings. 

 

Equity markets snapped a five-day losing streak on Monday on positive global sentiments as chances of Hillary Clinton in the US election brightened following a relief from FBI in personal email server probe.

 

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Today Rupee climbs nearly 2 paise ; wipes off initial losses

Today Rupee climbs nearly 2 paise ; wipes off initial losses

 

The Indian rupee was trading nearly 2 paise higher at 66.68 in early trade on Monday on account of selling of American currency by banks and importers amid a firm start of domestic equity market. However, the local currency started the day around 4 paise lower at 66.74 against the dollar.
 

Benchmark equity indices BSE Sensex and NSE Nifty surged over a percentage point in early trade following firm global cues. The 30-share BSE Sensex was trading 278.12 points up at 27,552.27, while the 50-share Nifty index was trading 102 points up at 8,535.75.

The rupee on Friday recovered by 5 paise against the US currency to end at 66.70 on stray dollar selling even as stock markets continued to decline. According to market experts, continued selling by foreign institutional investors in equities and debt on the back of wavering global financial markets restricted the rupee gains on Friday. 

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Today Rupee advances 3 paise against dollar in early trade

Today Rupee advances 3 paise against dollar in early trade

 

The Indian rupee opened nearly 2 paise higher against the US dollar on Friday on account of selling of the greenback by banks and exporters amid a cautious start of domestic equity market tracking mixed global cues.

The rupee was up by 3 paise at 66.72 against the dollar. Benchmark BSE Sensex was up by 2.31 points at 27,432.59, whereas the Nifty50 was trading 8.40 points down at 8,476.55.

The local currency on Thursday snapped a two-day rally and closed down by 3 paise at 66.75 against the US dollar amid capital outflows from domestic equity markets. Foreign institutional investors remained net sellers in the domestic equity market on Thursday as they sold shares worth Rs 613.77 crore during the day, according to the data available with NSDL. Gross purchases of FIIs or FPIs stood at Rs 3,695.41 crore while their gross sales remained at Rs 4,309.18 crore

The dollar index ended lower as rising uncertainties on the US presidential election outcome supported gains in safe haven currencies like Yen and Swiss franc. According to ICICI Securities, the US December rate hike probability has fallen slightly to 69 per cent from 72 per cent since the growing tie between the two presidential candidates.

The brokerage house said, "We expect the US$ to gain support at lower levels. Utilise downsides in the dollar to go long on the US$INR pair."

 

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Today Rupee climbs 2 paise against dollar in early trade

Today Rupee climbs 2 paise against dollar in early trade

The Indian rupee gained nearly 2 paise against the US dollar in early trade on Thursday after opening on a flat note at 66.72. Some selling of the greenback by banks and importers supported the local currency. At 9.13 am, the rupee was trading 1 paise higher at 66.71 against the US dollar.

Meanwhile, domestic equity markets opened on a cautious note tracking mixed global cues. The 30-share index opened 9.16 points higher at 27,527, while the 50-share Nifty50 index opened 18.15 points down at 8,499.

On Wednesday, the domestic currency managed to recover from the early losses and ended steady at 66.72 against the greenback even as speculation around the US poll outcome and Fed policy review kept investors on the edge.

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Today Rupee opens nearly 6 paise lower at 66.80 against dollar

Today Rupee opens nearly 6 paise lower at 66.80 against dollar

 

Rupee opened nearly 6 paise lower at 66.80 against the US dollar on Wednesday on account of selling on the US greenback by banks and exporters amid subdued opening of domestic equity markets. Benchmark stock indices BSE Sensex and NSE Nifty opened 197.29 points and 83.45 points down at 27,679.32 and 8,542.80, respectively.rupee was trading 7 paise down at 66.82 against the US dollar.

Selling by foreign institutional investors or foreign portfolio investors in the equity segment also dampened market sentiments on Wednesday as their net outflow stood at Rs 1,060.39 crore on Tuesday, according to the data available with NSDL. Their gross purchases stood at Rs 656.11 crore, gross sales remained at Rs 1716.50 crore.

The local currency advanced 8 paise on Tuesday after better-than-expected manufacturing sector growth, which climbed to a 22-month high in October, driven by a sharp increase in new orders.

 

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Today Rupee opens lower at 66.89 per dollar At Market

Today Rupee opens lower at 66.89 per dollar At Market

 

The Indian rupee opened marginally lower at 66.89 per dollar on Friday against previous close 66.86.

 

We expect it to trade in the 66.80-67.50/dollar range in the near term with a weakening bias

 

The US dollar hit its highest in more than seven and a half years amid increased confidence that the Federal Reserve will raise interest rates this year. Traders last saw a more than 78 percent chance that the Fed would hike rates in December.

 

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Today Rupee opens marginally higher at 66.80 per dollar

Today Rupee opens marginally higher at 66.80 per dollar

The Indian rupee opened marginally higher at 66.80 per dollar on Wednesday versus 66.82 Tuesday.

The rupee will take cues from equity markets and trade between 66.65-67.10/dollar," he added.

The dollar hit its highest level in nearly eight months against the euro and a roughly three-month high against the yen on growing expectations that the Federal Reserve would raise interest rates in December, while the offshore yuan hit a record low.

Traders now see 78 percent chance that the Fed would raise rates in December, according to data from CME group's Fedwatch program.

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Today Rupee opens marginally higher at 66.80 per dollar

Today Rupee opens marginally higher at 66.80 per dollar

 

The Indian rupee opened marginally higher at 66.80 per dollar on Wednesday versus 66.82 Tuesday.

The rupee will take cues from equity markets and trade between 66.65-67.10/dollar,

The dollar hit its highest level in nearly eight months against the euro and a roughly three-month high against the yen on growing expectations that the Federal Reserve would raise interest rates in December, while the offshore yuan hit a record low.

Traders now see 78 percent chance that the Fed would raise rates in December, according to data from CME group's Fedwatch program.

 

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Today Rupee opens lower at 66.93 per dollar At Market

Today Rupee opens lower at 66.93 per dollar At Market

 

The Indian rupee opened lower by 8 paise at 66.93 per dollar on Tuesday versus previous close 66.85.

The US dollar hovered near a roughly nine-month high against a basket of major currencies and touched a one-week high against the yen on growing expectations of a Federal Reserve interest rate increase in December.

The dollar index touched 9-month high of 98.85, with dollar continuing to rise against basket of major currencies on expectations of Fed hiking rates in December, with probability of December hike rising to almost 80 percent. 

 

The USD-INR pair continues to trade weak close to 67/USD levels. We expect the pair to trade weak on the back of strong dollar and also the FCNR redemption.

 

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Sebi may reconsider stand on self trade

Sebi may reconsider stand on self trade

 

Securities and Exchange Board of India is likely to review its decision of penalising brokers for 'self trades'. Sebi has called for a meeting of stock brokers and legal heads of stock exchanges on October 26 to discuss the matter.

Orders that match with each other with no resultant change in ownership are called self trades. Such trades have been reported in large numbers in the currency derivative segment.

Last year, Sebi issued notices to several brokers for execution of self trades and even launched proceedings to penalise them on the grounds that such transactions were manipulative.
 

Members of Parliament Hemant Tukaram Godse and Gajendra Singh Shekhawat had questioned Sebi's selective action against brokers for executing self trades. A letter written by Godse highlighted that 224 brokers on BSE and 319 brokers on NSE, including foreign players, escaped the scrutiny of the market regulator despite having executed many self trades in a single day. Sebi's action was even challenged in the Bombay HC by a Mumbai broker who was fined Rs 25 lakh for self trades.

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RBI may heed banks' request for tweaking S4A guidelines

RBI may heed banks' request for tweaking S4A guidelines

CNBC-TV18 learns from sources that RBI could be mulling a few tweaks to the S4A of Scheme for Sustainable Structuring of Stressed Assets. 

Banks have requested the regulator to consider their plea for a more watered-down version of the scheme which splits a loan into sustainable and unsustainable parts. The sceheme is meant for restructuring huge loans where the project is up and running.

However, the lenders now say they want the S4A to be applicable for non-project loans as well. Banks say a lower provision requirement is needed for the unsustainable portion of debt. 

They asked the RBI to allow changes in the repayment schedule of sustainable debt, too. Banks have also sought changes in norms to allow cases with a more than 50 percent component of sustainable debt to be applicable for S4A. RBI did not respond to CNBC-TV18's query.

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Today Rupee opens lower at 66.68 per dollar in Currency Market

Today Rupee opens lower at 66.68 per dollar in Currency Market

 

The Indian rupee has opened lower at 66.68 a dollar compared with previous day's closing of 66.67 per dollar.

US DOLLAR INDEX (USD)

The US Dollar Index traded higher by mere 0.04 percent in yesterday’s trading session after the Fed’s latest Beige Book showed a positive outlook for the US economy. According to the beige book, the US economy has maintained a steady growth pace along with modest employment a nd wage growth. This along with the robust release of building permits and inflation data from the nation infused optimism in the market. Cost of living rose by 0.3 percent from 0.2 percent in Sep’16 on account of surge in energy and shelter prices. It is a clear sign that inflation is getting closer to the Federal Reserve’s 2 percent goal. Moreover, from the latest US Presidential debate investors are seeing the Democrat leader i.e. Hilary Clinton as the potential candidate for the Presidential choice. Al l the factors above boosted the demand for the DX which made an intraday high of 97.98 and closed at 97.94 levels on Wednesday.

OUTLOOK

USDINR is likely to trade positive tracking gains in Asian market equities as markets see the Democrat leader i.e. Hilary Clinton as the potential candidate for the Presidential choice in the latest US Presidential debate.

 

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Today Rupee opens lower at 66.68 per dollar In the Currency Market

Today Rupee opens lower at 66.68 per dollar In the Currency Market

 

The Indian rupee opened marginally higher at 66.68 per dollar on Wednesday against previous close 66.72. 

 

The US dollar was mixed as investors took some profits from the greenback's recent strength and evaluated whether the Federal Reserve is likely to raise interest rates later this year.  

 

Pramit Brahmbhatt of Veracity said, "Rupee to trade with positive bias following positive sentiment in domestic equity market. See resistance for the USD-INR at 66.80/dollar levels. The USD-INR pair will trade in a range of 66.50-66.80/dollar."

 

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Axis Bank cuts lending rate by 0.05% across tenors

Axis Bank cuts lending rate by 0.05% across tenors

Private sector Axis Bank has cut the marginal cost of fund based lending rate by 0.05 percent across all tenors, effective tomorrow (Tuesday).

"The bank has decided to reduce the MCLRs (marginal cost lending rate) of the bank by 5 basis points across all tenors. This will be effective from October 18, 2016," the bank said in a regulatory filing.

For six-month period, the new MCLR will be 9.15 percent, one year at 9.2 percent, for two years it will be 9.3 percent and that for a tenor of three years it is fixed at 9.35 percent.

The overnight MCLR will be 8.8 percent.The new loans will be priced at these internal benchmark MCLRs, it added.

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Today Rupee opens at 66.80 per dollar; down 10 paise In currency Market

Today Rupee opens at 66.80 per dollar; down 10 paise In currency Market

 

The Indian rupee opened lower by 10 paise at 66.80 per dollar on Monday versus 66.70 Friday.

The dollar on Friday posted its best weekly performance in more than seven months after strong US retail sales and producer prices data for September reinforced expectations the Federal Reserve would raise interest rates in December.

According to Motilal Oswal report, the INR may weaken today along with most Asian peers amid weak sentiment in Asian markets as Fed rate hike odds are near 65 percent in December.

"In global markets, the dollar will continue to find broad based strength after Federal Reserve Chair Janet Yellen hinted that the US economy may be allowed to overshoot its inflation target. US data continues to be better with initial jobless claims near 43 year lows and retail sales jumping up 0.6 percent last month," it added.

 

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Rupee bounces back, opens 9 paise higher at 66.84/$

Rupee bounces back, opens 9 paise higher at 66.84/$

The Indian rupee has bounced back on Friday. It has opened at 66.84 a dollar, higher by 9 paise compared with 66.93 a dollar in previous session.

US DOLLAR INDEX (USD)

In spite of the robust release of unemployment claims data from the nation, the US Dollar Index traded lower by 0.45 percent yesterday as recent surge in the currency prompted the traders to book profits. However, sharp losses were capped as markets are still discounting the FOMC Meeting Minutes that indicated at the possibility of a rate hike in the near future. The policy members were divided in their views over the labor market ultimately agreeing to US Fed Chairwoman’s argument for holding the interest rates at its present levels for now. Several voting Fed policymakers thought rates should rise 'relatively soon' . As per Fed funds futures, traders see about 11 percent chance of rate hike in Nov’16 and about 66 pct chance in December. US Dollar Index made an intraday low of 97.51 and closed at 97. 52 levels on Thursday.

OUTLOOK  

Rupee is likely to trade negative as the FOMC meeting minutes pointed towards a rate hike possibility in the near future which will strengthen the DX in turn keeping the INR pressurized.

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Today Rupee opens lower at 66.56 per dollar In the Currency Market

Today Rupee opens lower at 66.56 per dollar In the Currency Market

The Indian rupee opened marginally lower at 66.56 per dollar on Thursday versus 66.50 Wednesday.

The dollar held steady against a basket of currencies as upbeat data on US services sector offset a weaker-than-expected report on private job growth, while the euro was broadly higher in step with a rise in higher euro zone bond yields.

US DOLLAR INDEX (USD)
In spite of the robust release of manufacturing and non - manufacturing data from the nation, US Dollar Index traded lower by 0.01 percent in yesterday’s trading session. Recent comments by the Federal Reserve Bank of Cleveland President Loretta Mester, has strengthened the case for a Dec’16 rate hike which prompted the traders to place bets in other currencies ap art from DX. Loretta Mester mentioned that gradual rate hike doesn't mean moving rates up in every monetary policy meeting. Even Chicago Fed President Charles Evans said that one rate increase by year - end is likely if data continues to improve . US Dollar Index made an intraday low of 95.94 and closed at 96.1 1 levels on Wednesday.

OUTLOOK  

Rupee is likely to trade higher as markets discount the outcome of the RBI monetary policy meeting where all six members of the monetary policy committee voted in favor of cutting repo rate. This will likely boost the foreign inflows in turn keeping the INR supportive.

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Today Rupee opens at 66.63 per dollar; down 17 paise iN market

Today Rupee opens at 66.63 per dollar; down 17 paise iN market

The Indian rupee opened lower by 17 paise at 66.63 per dollar on Wednesday against previous close 66.46.

The greenback strengthened on upbeat economic data and bets on a year-end US interest rate increase. While the British pound took a beating, falling to its lowest level against the buck since 1985 on Brexit concerns.

 

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Today Rupee marginal gains at 66.55 per dollar vs USD in Market

Today Rupee marginal gains at 66.55 per dollar vs USD in Market

 

The Indian rupee opened with marginal gains at 66.55 per dollar on Tuesday versus 66.59 Monday.

The dollar extended gains against the yen to the longest streak since August as a report showed US manufacturing expanded in September after unexpectedly shrinking a month earlier.
 

US DOLLAR INDEX (USD)

US Dollar Index traded higher by 0.08 percent yesterday. Reason behind the strength could be attributed to the upbeat economic data release from the nation. Manufacturing PMI surged more than the expected levels at 51.5 in Sep’16. It rebounded from 49.4 in Aug’16 which was the first slip since Feb’16. However, sharp gains were restricted as markets are still discounting events such as the US Presidential debate and speech by the Federal Reserve Chairwoman which has kept them on a cautious mode. US Dollar Index made an intraday high of 95.74 and closed at 95.59 levels on Monday.
 

OUTLOOK

Rupee is likely to trade sideways to lower as markets remain cautious ahead of the RBI monetary policy meeting that is to be held today. Moreover, weakness in the DX will add to the support of INR.

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Today Rupee strengthens 13 paise to 66.48 vs USD in Market

Today Rupee strengthens 13 paise to 66.48 vs USD in Market

 

The rupee advanced 13 paise to 66.48 against the US dollar in early trade Monday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Besides, a higher opening in the domestic equity market also supported the domestic unit, forex dealers said.

However, the dollar's strength against some currencies overseas capped the rupee's gains.

On Friday, the rupee had staged a resounding comeback to close higher by a whopping 24 paise at 66.61 on fresh dollar unwinding from banks and exporters.

Meanwhile, the benchmark BSE Sensex rose 160.79 points, or 0.57 percent, to 28,026.75 in early trade.

 

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Today Rupee opens flat at 66.85 per dollar In currency Market

Today Rupee opens flat at 66.85 per dollar In currency Market

The Indian rupee remained unchanged in opening at 66.85 per dollar on Friday against previous close of 66.85.

The US dollar snapped its longest slide since August as gross domestic product and jobless claims data bolstered speculation the Federal Reserve is set raise interest rates by year-end.

US DOLLAR INDEX (USD)
US Dollar Index traded higher by 0.14 percent yesterday as the robust release of GDP data from the nation boosted sentiment. The US economy expanded by 1.4 percent in the second quarter of 2016, higher than previously estimated. Robust hiring and wage gains have prompted the consumers to spend more thereby helping the economy to expand. Moreover, a report said that trading clients have withdrawn excess cash and positions held with Deutsche Bank. This prompted the investors to stay away from risky assets thereby boosting the demand for safe - haven DX. US Dollar made an intraday high o f 95.63 and closed at 95.47 levels on Thursday.

OUTLOOK

Rupee is likely to depreciate tracking losses in Asian market equities after a report said that Deutsche Bank’s trading clients have withdrawn excess cash and positions held with the bank. This will keep the Indian markets and its currency pressurized.

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At Todays Market Rupee opens higher at 66.44 per dollar

At Todays Market Rupee opens higher at 66.44 per dollar

 

The Indian rupee opened higher by 4 paise at 66.44 per dollar on Wednesday versus previous close of 66.48.

The 10-year US Treasury note yield hovered near a three-week low of 1.546 percent touched overnight amid speculation that Europe's banking woes could delay the Fed's next interest rate hike.
 

US DOLLAR INDEX (USD)
US Dollar Index traded higher by 0.1 percent yesterday as recent weakness in the DX prompted the traders to place fresh bets. Moreover, robust release of CB Consumer Confidence data from the nation added to the strength. It increased to 104.1 in Sep’1 6 from previous month’s 101.8 thereby boosting optimism over the strength of the economy. Moreover, in yesterday’s US Presidential debate , markets considered that Hillary Clinton did better than her rival Donald Trump which added to the strength of the greenback. The Presidential debates are very important as half of America's likely voters rely on them to make their likely Presidential choice in the November 8 election. All the above factors boosted the demand for US Dollar which made an intraday high of 9 5. 58 and closed at 95.3 1 levels on Tuesday.

OUTLOOK
Rupee is likely to sideways to positive as sustained selling of the US Dollar by exporters and banks will keep the INR positive. However, weakness in t h e Asian market equities as markets remain cautious ahead of the Yellen speech will likely keep the Indian markets and its currency a bit pressurized.

 

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