Rupee opens stronger 3-week high ahead of Economic Survey

Rupee opens stronger 3-week high ahead of Economic Survey

The Indian rupee opened stronger for the fifth consecutive session against the US dollar tracking gains in its Asian peers, ahead of the key domestic as well as international events due later on Tuesday.

The rupee opened at 67.81 a dollar. At 9.15am, the home currency was trading at 67.84 a dollar— up 0.15% from Monday’s close of 67.95. So far this year, it has gained 0.1%.

On the domestic front, the government will present economic survey and gross domestic annual estimates after 12.30pm on Tuesday. The government will also issue fiscal deficit data for December after 4.30pm.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.36, down 0.07% from its previous close of 100.43.

Asian currencies were trading higher as dollar weaken reverting to a defensive tone amid concern about protectionism in the US after President Trump’s executive order Friday that clamped down on immigration and after earlier threats of border tariffs. 

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Rupee opens flat against US dollar at 68.06 in the market

Rupee opens flat against US dollar at 68.06 in the market

 

The rupee opened nearly 2 paise down at 68.06 against dollar on Monday on account of buying of American currency by banks and importers amid weak global cues.

The local currency closed nearly 4 paise higher at 68.04 against dollar on Friday. Recent, rally in the domestic equities, which helped stocks to post their highest weekly gains in nearly eight months, lend further support to rupee in the last trading session.

Asian currencies were trading higher as dollar weakened after Donald Trump’s order to halt some immigration compounded investor concerns about protectionist US policies.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.3% from its previous close of 100.53.

 

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Today Rupee opens higher at 68.05 per US dollar in market

Today Rupee opens higher at 68.05 per US dollar in market

 

The Indian rupee on Friday strengthened against the US dollar, tracking the gains in the Asian currencies markets.

The rupee opened at 68.05 a dollar. At 9.15am, the home currency was trading at 68.05 a dollar, up 0.11% from Thursday’s close of 68.13. So far this year, it has fallen 0.2%.

Asian currencies were trading higher after US Federal Reserve chair Janet Yellen said she favours gradually raising interest rates. South Korean won was up 0.38%, Taiwan dollar 0.31%, Philippines peso 0.13%, Thai baht 0.13%, Japanese yen 0.13%, China Offshore spot 0.12% and Singapore dollar rose 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.99, down 0.16% from its previous close of 101.15.

 

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Today Rupee plunges by another 17 paise to 68.25 against dollar

Today Rupee plunges by another 17 paise to 68.25 against dollar

 

The rupee opened at 68.20 a dollar and touched a low of 68.23, a level last seen on 11 January. At 9.15am, the home currency was trading at 68.22 a dollar, down 0.2% from Wednesday’s close of 68.08. So far this year, it has fallen 0.2%.

Asian currencies were trading lower after comments by US Federal Reserve chair Janet Yellen switched the market’s focus back to the prospect for higher US interest rates.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.26, up 0.32% from its previous close of 100.93.

Traders have been largely focusing on US President-elect Donald Trump’s plans for fiscal stimulus, deregulation of certain sectors and tax reform.

 

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Today Rupee strengthens against US dollar, opens at 67.94

Today Rupee strengthens against US dollar, opens at 67.94

 

The Indian rupee on Wednesday strengthened for the third consecutive session against the US dollar in opening trade.

The rupee opened at 67.94 a dollar. At 9.15am, the home currency was trading at 67.91 a dollar, up 0.08% from Tuesday’s close of 67.96. So far this year, it has gained 0.05%.

Asian currencies were trading lower after Federal Reserve’s San Francisco president John Williams said the US economy has reached its maximum employment goal and gradual interest rate increases will likely be appropriate.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.57, up 0.22% from its previous close of 100.33.

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Today Rupee holds the line against US dollar at 68.06

Today Rupee holds the line against US dollar at 68.06

 

The Indian rupee on Tuesday was trading little changed against the US dollar in the opening trade.

The rupee opened at 68.06 a dollar. At 9.15am, the home currency was trading at 68.07 a dollar—up 0.03% from Monday’s close of 68.10. So far this year, it has fallen 0.22%.

Asian currencies were trading higher. Japanese yen was up 0.12%, Philippines peso 0.12%, Singapore dollar 0.11%, Indonesian rupiah 0.05%. However, South Korean won was down 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.46—up 0.27% from its previous close of 101.18.

 

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Today Rupee opens at 68.24 a dollar, weakens on Asian cues

Today Rupee opens at 68.24 a dollar, weakens on Asian cues

 

The Indian rupee on Monday weakened against the US dollar, tracking losses in the Asian currencies markets.

The rupee opened at 68.24 a dollar. At 9.15am, the home currency was trading at 68.26 a dollar, down 0.16% from Friday’s close of 68.16. So far this year, it has fallen 0.2%.

Asian currencies were trading lower. South Korean won was down 0.33%, Philippines peso 0.25%, Taiwan dollar 0.24%, China offshore spot 0.15%, Indonesian rupiah 0.08%, Malaysian ringgit 0.06% and Singapore dollar fell 0.06%. However, Japanese yen was up 0.37% and China renminbi 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.42, up 0.23% from its previous close of 101.18.

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Rupee jumps 20 paise to 68.12 against dollar in early trade

Rupee jumps 20 paise to 68.12 against dollar in early trade

 

The rupee was trading 20 paise higher at 68.12 against dollar in the early trade on Thursday on account of selling of Amercian currency by bank and exporters.
 

Rupee kicked off 17 paise up at 68.15 against dollar on Thursday against previous close of 68.32 per dollar.

Most of the Asian currencies were trading higher as dollar weakens after US president-elect Trump gave few details on his economic policy at the first press conference since his election victory.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.86—down 0.07% from its previous close of 101.93.

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Rupee opened nearly 5 paise down at 68.23 Against Dollar

Rupee opened nearly 5 paise down at 68.23 Against Dollar

 

The rupee opened nearly 5 paise down at 68.23 against dollar on account of buying in American currency by bank and importers ahead of a news

conference by the US President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.

The local currency on Tuesday wiped off most of its early strong gains but eventually managed to end higher by three paise at 68.18 against the US dollar.

Among the Asian currencies, Japanese yen was down 0.233%, Thai baht 0.090%, Philippines peso 0.081%, China renminbi 0.051%, Indonesian rupiah

0.023%, However, Taiwan dollar was up 0.16%, China Offshore 0.141%, Singapore dollar 0.028% and South Korean won 0.018%.

The 10-year bond yield was trading at 6.411%, compared to Tuesday’s close of 6.398%. Bond yields and prices move in opposite directions.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.11 up 0.10% from its previous close of 102.01.

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Rupee opened nearly 13 paise higher at 68.08 against the dollar

Rupee opened nearly 13 paise higher at 68.08 against the dollar

 

The rupee opened nearly 13 paise higher at 68.08 against the dollar on Tuesday amid selling of dollars by banks and exporters. The domestic equity market opened in the green following mixed global cues.

The rupee was trading nearly 20 paise up at 68 against the dollar around 9.30 am (IST).

The local currency plunged over 25 paise on Monday to close at 68.21 against the greenback on rising concerns over a drop in the country’s economic growth.Most of the Asian currencies were trading higher as dollar index dropped amid narrowing US yield curves.

South Korean won was up 0.92%, Indonesian rupiah 0.46%, Japanese yen 0.38%, Singapore dollar 0.22%, China renminbi 0.16%, Thai baht 0.1%, Malaysian ringgit 0.07%, Philippines peso 0.06%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.67—down 0.26% from its previous close of 101.93.

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Today Rupee opens nearly 19 paise down at 68.15 against dollar

Today Rupee opens nearly 19 paise down at 68.15 against dollar

 

The Indian rupee on Monday weakened against the US dollar tracking the losses in the Asian currencies markets and also on the pessimism on domestic markets following the lower economic growth projections last Friday.

Traders were also worried that the full year gross domestic product may come even lower then the estimates after impact of demonetisation factored in.

The rupee opened at 68.16 a dollar. At 9.15am, the home currency was trading at 68.20 a dollar, down 0.34% from Friday’s close of 67.96. So far this year it fell 0.4%.

Asian markets were also trading higher in morning trade on Monday, supported by a strong Wall Street, and the dollar stood tall against rivals after the latest US payrolls data indicated strong underlying wage growth, strengthening the case for more rate increases in 2017.

 

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Today Rupee opens 13 paise up against dollar in currency Market

Today Rupee opens 13 paise up against dollar in currency Market

The Indian rupee on Friday strengthened for the third consecutive session, hitting a near two-week high against the US dollar, as traders expect the government will achieve its fiscal deficit target for the current year.

The home currency opened at 67.87 against the dollar . At 9.15am, the rupee was trading at 67.82 per dollar, up 0.21% from its previous close of 67.96. Year-to-date, it gained 0.1%.

Most of the Asian currencies were trading lower. China offshore was down 0.52%, Japanese yen 0.43%, China renminbi 0.29%, South Korean won 0.23%, Singapore dollar 0.21% and Thai baht 0.07%. However, Malaysian ringgit was up 0.26%, Indonesian rupiah 0.21% and Philippines peso rose 0.15%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.59, up 0.08% from its previous close of 101.52.

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Rupee opens nearly 15 paise higher at 67.90 against dollar

Rupee opens nearly 15 paise higher at 67.90 against dollar

 

The Indian rupee on Thursday strengthened for the second session against the US dollar, tracking the gains in the Asian currencies markets.

The home currency opened at 67.91 against the dollar. At 9.15am, the rupee was trading at 67.90 per dollar, up 0.20% from its previous close of 68.05. Since 1 April 2016 till date, rupee has fallen 3.1%.

Overnight, the US Federal Reserve minutes showed the central bank is concerned about a strengthening dollar, and that more fiscal stimulus could raise demand above sustainable levels, according to a Reuters report.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.18, down 0.15% from its previous close of 102.70.

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Rupee trades marginally higher against US dollar in market

Rupee trades marginally higher against US dollar in market

 

The Indian rupee on Wednesday was trading marginally higher against the US dollar in the opening trade.

The home currency opened at 68.28 against the dollar. At 9.15am, the rupee was trading at 68.24 per dollar—up 0.12% from its previous close of 68.33. Since 1 April 2016 till date, rupee has fallen 2.9%.

India’s benchmark Sensex index was trading at 26,658.73 points—up 0.06% or 15.49 points from its previous close. Since 1 April till date, Sensex has gained 5%.

The 10-year bond yield was trading at 6.412%, compared to Tuesday’s close of 6.445%. Bond yields and prices move in opposite directions.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.32, up 0.11% from its previous close of 103.21.

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the dollar at 68.0864 and euro at 71.3818. In cross-currency trade, the rupee was flat against the pound sterling at 83.89 and against the euro at 71.466.

 

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Today Rupee opens higher against US dollar on Asian cues

Today Rupee opens higher against US dollar on Asian cues

The Indian rupee on Tuesday strengthened against the US dollar tracking the gains in the Asian currencies markets.

The home currency opened at 68.08 against the dollar. At 9.15am, the rupee was trading at 68.09 per dollar, up 0.2% from its previous close of 68.23. Since 1 April, 2016, to date, rupee has fallen 2.4%.

Most of the currencies were trading higher after a key indicator of China’s private manufacturing showed the sector was robust.

China’s Caixin Manufacturing Purchasing Managers’ index (PMI) rose 51.9, compared to 50.9 in November and beating forecasts for 50.7, on the back of increased demand, Reuters reported.

India’s benchmark Sensex index was trading at 26,658.83 points, up 0.24% or 63.38 points from its previous close. Since 1 April till date, Sensex gained 5%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.7, down 0.05% from its previous close of 102.78.

 

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