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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