Today Rupee opens marginally higher against US dollar in market

Today Rupee opens marginally higher against US dollar in market

 

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

The rupee opened at 65.49 a dollar. At 9.15am, the home currency was trading at 65.50, up 0.04% from its previous close of 65.53.

Asian currencies were trading lower. Japanese yen was down 0.31%, Thai baht 0.23%, Singapore dollar 0.14%, China Offshore 0.13%, China renminbi 0.09%. However, Philippines peso was up 0.13%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.955—up 0.19% from its Monday’s close of 99.76.

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Today Rupee trades low at 65.57 against US dollar in market

Today Rupee trades low at 65.57 against US dollar in market

 

The Indian rupee on Wednesday weakened against the US dollar tracking the fall in global equity markets.

The rupee opened at 65.55 and touched a low of 65.57 a dollar. The home currency was trading at 65.57, down 0.42% from its Monday’s close of 65.28.

Asian currencies were trading lower. South Korean won was down 0.4%, Philippines peso 0.26%, Taiwan dollar 0.19%, Malaysian ringgit 0.14%, Singapore dollar 0.1% and Indonesian rupiah 0.1%. However, Japanese yen was up 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.84, up 0.03% from its Monday’s close of 99.81.

 

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Today Rupee Hit four month high Against Us dollar In market

Today Rupee Hit four month high Against Us dollar In market

 

The Indian rupee on Tuesday hit a four-month high against the US dollar ahead of the key events in domestic as well as international markets due later this week.

Gains in the rupee was also due to continued buying from foreign institutional investors (FIIs) in both local equity and bond markets. So far this year, FIIs have bought $1.76 billion and $430.60 million from local equity and debt markets, respectively.

The local currency opened at 66.67 a dollar and touched a high of 66.61—a level last seen on 10 November. At 9.54am, the home currency was trading at 66.61—up 0.14% from its Monday’s close of 66.72. Year to date, the rupee has gained 1.9%.

Asian currencies were trading stronger. South Korean won was up 0.53%, Taiwan dollar 0.18%, Singapore dollar 0.05%, Indonesian rupiah 0.04%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.66—up 0.01% from its Monday’s close of 101.64.

 

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Today Rupee weakens against dollar on Asian cues

Today Rupee weakens against dollar on Asian cues

 

The Indian rupee on Friday weakened against the US dollar, following losses in its Asian peers on the prospects of US Federal Reserve interest rate hike in its mid-March meeting.

The local currency opened at 66.88 a dollar. At 9.15am, the home currency was trading at 66.89—down 0.26% from its Friday close of 66.71.

Traders are cautious ahead of the US Fed chairwoman Janet Yellen and vice-chairperson Stanely Fischer’s speech later in the day which may give cues on possible interest rate hike.

Asian currencies weakened. South Korean won was down 1.05%, Taiwan dollar 0.67%, Indonesian rupiah 0.27%, China renminbi 0.17%, Malaysian ringgit 0.16%, China Offshore 0.12%, Singapore dollar 0.11%.

However, Japanese yen was up 0.12%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.08—down 0.12% from its previous close of 102.20.

 

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Today Rupee trades marginally higher against US dollar

Today Rupee trades marginally higher against US dollar

The Indian rupee on Thursday was trading marginally higher against the US dollar in opening trade, tracking gains in the local equity markets.

The local currency opened at 66.76 a dollar. the home currency was trading at 66.77, up 0.11% from its previous close of 66.83.

Most Asian currencies were trading lower after US Federal Reserve officials prompted gains in the dollar by signalling increased willingness to tighten monetary policy as early as March.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.89, up 0.13% from its previous close of 101.78.

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Rupee weakens against US dollar on Asian cues in market

Rupee weakens against US dollar on Asian cues in market

 

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

The home currency opened at 66.79 against the US dollar. At 9.10am, the rupee was trading at 66.80 per US dollar, down 0.16% from its Tuesday’s close of 66.69. So far this year, it has risen 1.69%.

India’s benchmark Sensex index was trading at 28,851.12 points, up 0.38% or 107.80 points from its previous close. So far this year, it has risen 7.95%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.47, up 0.35% from its previous close of 101.12.

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Indian rupee trading little changed against the US dollar

Indian rupee trading little changed against the US dollar

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

The local currency opened at 66.93 a dollar. At 9.15am, the home currency was trading at 66.93—down 0.01% from its previous close of 66.92.

India’s 10-year bond yield was at 6.873%—from its Tuesday’s close of 6.875%. Bond yields and prices move in opposite directions. India’s benchmark Sensex index fell 0.28% or 80.12 points to 28,259.19 on Wednesday. So far this year, Sensex has risen 6.4%.

Asian currencies were trading higher. Taiwan dollar was up 0.15%, China Offshore spot 0.11%, Singapore dollar 0.06%, China renminbi 0.05%. However, South Korean won was down 0.28%, the Philippines peso 0.14%, Japanese yen 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.26—up 0.01% from its previous close of 101.25.

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Today Rupee opens 11 paise higher at 67.20 against US dollar

Today Rupee opens 11 paise higher at 67.20 against US dollar

 

The Indian rupee on Monday strengthened against the US dollar tracking the gains in the local equity and Asian currencies markets. The rupee gained for the ninth consecutive session, its longest winning streak since June 2011.Traders are cautious ahead of an event heavy week.

The local currency opened at 67.21 a dollar and touched a low of 67.20, a level last seen on 11 November 2016. At 9.15am, the home currency was trading at 67.22, up 0.17% from its previous close of 67.32.

The Reserve Bank of India (RBI) will meet on Wednesday for its bi-month policy. Seven out of 10 bank economists polled by Mint expect RBI to cut its repo rate by 25 basis points to 6%. The other three expect the repo rate to remain unchanged.

Asian currencies were trading higher as the dollar weakened after mixed US employment data reduced expectations for a US Federal Reserve interest rate increase in March.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.71, down 0.16% from its previous close of 99.87.

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Rupee hits nearly three-month high against US dollar in opening trade

Rupee hits nearly three-month high against US dollar in opening trade

 

The Indian rupee hit nearly a three-month high in the opening trade against the US dollar ahead of the US jobs data due later on Friday. The rupee gained for the eight consecutive sessions, and this was the longest gaining streak since June 2011.

The local currency opened at 67.34 a dollar and touched a low of 67.32—a level last seen on 11 November 2016. At 9.15am, the home currency was trading at 67.35—up 0.03% from its previous close of 67.38.

India’s benchmark Sensex index rose 0.12% or 39.95 points to 28,266.56. So far this year, Sensex has risen 6%

Asian currencies were trading lower. Philippines peso was down 0.24%, China offshore 0.13%, Singapore dollar 0.1%, Thai baht 0.06%, Indonesian rupiah 0.06%, Malaysian ringgit 0.05%. However, Taiwan dollar was up 0.31%, China renminbi 0.22%, Japanese yen 0.11%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.818—up 0.03% from its previous close of 99.79.

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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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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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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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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 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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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 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 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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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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