Today Rupee appreciates 8 paise to 65.38 against US dollar in early trade

Today Rupee appreciates 8 paise to 65.38 against US dollar in early trade

 

The Indian rupee on Monday strengthened further against the US dollar after foreign investors continued to buy in local equity and debt markets.

The rupee opened at 65.39 a dollar. the home currency was trading at 65.38, up 0.14% from its Friday’s close of 65.48.

So far this year, rupee gained 3.9% while foreign institutional investors have bought $3.98 billion and $1.23 million from local equity and debt markets, respectively.

Asian currencies were trading higher after dollar index weakened to five-month low after a measure of US inflation expectations dropped to a record low.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.16, down 0.14% from its Monday’s close of 100.30.

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Today Rupee hits 11-month high against US dollar as markets soar

Today Rupee hits 11-month high against US dollar as markets soar

 

The Indian rupee on Tuesday hit an 11-month high against the US dollar as local equity markets surged over 440 points after Bharatiya Janata Party’s (BJP) landslide victory in Uttar Pradesh.

The rupee opened at 66.21 a dollar and touched a high of 66.18, a level last seen on 20 April 2016. At 9.15am, the home currency was trading at 66.19, up 0.63% from its previous close of 66.61.

Asian currencies were trading marginally lower. The Federal Open Market Committee is set to raise rates at the conclusion of its two-day meeting on Wednesday. Traders are also looking for clues on how quickly the US central bank is planning to tighten monetary policy.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.39, up 0.07% from its Monday’s close of 101.31.

On Friday, better-than-expected US job data provided further evidence for the Federal Reserve that the moment to raise interest rates has come. The Labor Department reported a gain of 235,000 jobs and healthy wage growth in a month when even the weather cooperated, Reuters reported.

 

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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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Indian Rupee on Tuesday was trading little changed against the US dollar

Indian Rupee on Tuesday was trading little changed against the US dollar

 

The rupee was trading at 66.94, down 0.02% from its previous close of 66.93The Indian rupee on Tuesday was trading little changed against the US dollar in opening trade.

The local currency opened at 66.95 a dollar. At 9.15am, the home currency was trading at 66.94, down 0.02% from its previous close of 66.93.

On Tuesday, currency and bond markets were closed due to municipal corporation elections. The result will be announced on Thursday.

Most of the Asian currencies were trading higher. South Korean won was up 0.45%, Japanese yen 0.23%, Taiwan dollar 0.16%, Singapore dollar 0.15%, Indonesian rupiah 0.11%, Philippines peso 0.09%, China renminbi 0.05% and Thai baht 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.31, down 0.06% from its previous close of 101.37.

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At Todays Market Rupee trades flat against US dollar

At Todays Market Rupee trades flat against US dollar

The Indian rupee on Monday opened weaker but soon erased all the losses and was trading little changed against the US dollar.

The local currency opened at 67.08 a dollar. the home currency was trading at 67.04, down 0.03% from its previous close of 67.02. Traders are focusing on results of the upcoming state elections on 11 March.

India’s 10-year bond yield was at 6.863% compared to its Friday’s close of 6.852%. Bond yields and prices move in opposite directions. India’s benchmark Sensex index fell 0.07% or 18.81 points to 28,449.94. So far this year, Sensex has risen 7%.

Most Asian currencies were trading lower. Philippines peso was down 0.33%, Japanese yen fell 0.26%, Indonesian rupiah 0.17%, Malaysian ringgit 0.11% and Taiwan dollar fell 0.08%. However, China offshore rose 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.95, up 0.01% from its previous close of 100.94 .

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Today Rupee strengthens marginally against US dollar

Today Rupee strengthens marginally against US dollar

 

The Indian rupee Tuesday strengthened marginally against the US dollar tracking the gains in the Asian currencies markets.The local currency opened at 66.97 a dollar.the home currency was trading at 66.96—up 0.07% from its previous close of 67.02.

India’s retail inflation decelerated in January to 3.17% from 3.41% a month ago as prices of vegetables and pulses fell further.

Since the beginning of this year, the rupee has gained 1.36%, while foreign institutional investors have bought $319.70 million and $252.60 million from local equity and debt markets respectively.

Asian currencies were trading higher. South Korean won was up 0.21%, Singapore dollar 0.14%, Taiwan dollar 0.1%, Thai baht 0.05%, China Offshore 0.05%. However, Indonesian rupiah was down 0.04%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.98—up 0.02% from its previous close of 100.96.
 

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Rupee trades slightly higher against US dollar ahead of RBI policy

Rupee trades slightly higher against US dollar ahead of RBI policy

The Indian rupee on Wednesday was trading marginally higher against the US dollar ahead of the Reserve Bank of India’s (RBI) bi-monthly policy decision after 2.30pm.

The local currency opened at 67.37 a dollar. At 9.15am, the home currency was trading at 67.36, up 0.08% from its previous close of 67.41.

Asian currencies markets were trading lower. Malaysian ringgit was down 0.13%, Taiwan dollar 0.1%, Philippines peso 0.09%, China offshore 0.07% and South Korean won 0.05%. However, Japanese yen was up 0.2%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.31, up 0.05% from its previous close of 100.26.

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Today Rupee weakens against US dollar on Asian cues

Today Rupee weakens against US dollar on Asian cues

 

The Indian rupee on Tuesday weakened against the US dollar, snapping a nine-day rally, tracking losses in the Asian currencies markets.

Traders are cautious ahead of the Reserve Bank of India’s (RBI) bi-monthly monetary policy review meeting on Wednesday.

The rupee opened at 67.29 a dollar. 15At 9.am, the home currency was trading at 67.31—down 0.13% from its previous close of 67.22.

Asian currencies markets were trading lower. Taiwan dollar was down 0.39%, South Korean won 0.38%, Singapore dollar 0.36%, Malaysian ringgit 0.22%, China offshore spot 0.19%, Philippines peso 0.17%, Japanese yen 0.11%, China renminbi 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.05—up 0.14% from its previous close of 99.91.

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