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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