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.

Read More - Currency Tips

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.

The rupee opened at 65.41 a dollar. At 9.15am, the home currency was trading at 65.40, up 0.07% from its previous close of 65.44.

Asian currencies were trading lower. Thai baht was down 0.32%, Japanese yen 0.24%, China offshore 0.16%, China renminbi 0.15%, Singapore dollar 0.15%, Taiwan dollar 0.11% and Malaysian ringgit 0.07%. However, South Korean won was up 0.24%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.814, up 0.14% from its Monday’s close of 99.677.

Read more - Currency updates

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.

 

Read More - Currency updates

Today Rupee weakens marginally against US dollar

Today Rupee weakens marginally against US dollar

 

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

The rupee opened at 65.40 a dollar. the home currency was trading at 65.42, down 0.08% from its Monday’s close of 65.36.

So far this year, rupee gained 4% while foreign institutional investors have bought $4.23 billion and $1.28 million from local equity and debt markets, respectively.

Asian currencies were trading lower after Federal Reserve Bank of Chicago president Charles Evans addressed the timing for further tightening.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.19% from its Monday’s close of 100.41.

 

Read more - Currency updates

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.

Read More - Currency Updates

Today Rupee nears 17-month high against US dollar In market

Today Rupee nears 17-month high against US dollar In market

 

The Indian rupee on Thursday strengthened for the fourth consecutive session to hit near fresh 17-month high against the US dollar, tracking its Asian peers as the US Federal Reserve raised interest rates without accelerating its timeline for future tightening.

Gains in rupee was also due to narrowed trade deficit data for February.

The rupee opened at 65.39 a dollar and touched a high of 65.24, a level last seen on 30 October 2015. At 9.15am, the home currency was trading at 65.25, up 0.65% from its previous close of 65.82.

Among Asian currencies, South Korean won was up 0.1%, Taiwan dollar 0.47%, China renminbi 0.29%, Malaysian ringgit 0.24%, Philippines peso 0.22% and Indonesian rupiah 0.22%. However, China offshore was down 0.36%, Singapore dollar 0.26% and Thai baht 0.09%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.61, down 0.13% from its Monday’s close of 100.74.

Read More - Currency Tips

Today Rupee hits fresh 16-month high against US dollar in market

Today Rupee hits fresh 16-month high against US dollar in market

 

The Indian rupee strengthened for the third session to hit a fresh 16-month high against the US dollar ahead of the outcome of US Federal Reserve meeting due later on Wednesday.

The rupee opened at 65.76 a dollar and touched a high of 65.53, a level last seen on 3 November 2015. At 9.50am, the home currency was trading at 65.55, up 0.40% from its previous close of 65.82.

Asian currencies were trading marginally lower. Taiwan dollar was up 0.23%, Thai baht 0.13%, South Korean won 0.12%, Philippine peso 0.06% and Singapore dollar 0.06%. However, Japanese yen was down 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.67, down 0.03% from its Monday’s close of 101.7.

 

Read More - Currency Updates

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.

 

Read More - Rupee Updates

Today Rupee weakens against US dollar on Asian cues

Today Rupee weakens against US dollar on Asian cues

 

The Indian rupee on Thursday weakened against the US dollar tracking the losses in its Asian peers after better-than-expected private US employment data boosted the speculation that Federal Reserve may raise interest rates in its March meeting.

The rupee opened at 66.82 a dollar. At 9.15am, the home currency was trading at 66.84, down 0.2% from its Wednesday’s close of 66.70.

Asian currencies were trading lower. South Korean won was down 0.81%, Taiwan dollar 0.24%, Indonesian rupiah 0.15%, China offshore 0.14%, Malaysian ringgit 0.11%, Japanese yen 0.09%, China renminbi 0.08%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.133—up 0.06% from its Monday’s close of 102.07.

On Wednesday night, the ADP employment report showed private payrolls surged by 298,000 last month, far above expectations.

 

 Read More - Currency Updates

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.

 

Read More - Currency updates

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.

 

Read more -  Currency updates

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.

Read More - Currency Updates

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.

Read more - Currency Updates

Rupee hits 15-week high against US dollar in opening trade

Rupee hits 15-week high against US dollar in opening trade

 

The Indian rupee on Monday hit a fresh 15-week high against the US dollar in opening trade, after foreign institutional investors (FIIs) continued to buy in local equity markets.

The local currency opened at 66.72 and touched a high of 66.69, a level last seen on 10 November. At 9.15am, the home currency was trading at 66.70, up 0.19% from its previous close of 66.83.

India’s benchmark Sensex index rose 0.06% or 17.53 points to 28,970.86. So far this year, it has risen 9%.

Most Asian currencies were trading lower. Philippines peso was down 0.15%, China offshore 0.1%, China renminbi 0.1%, Indonesian rupiah 0.01%, Japanese yen 0.09%, South Korean won 0.06% and Taiwan dollar 0.06%. However, Thai baht was up 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.15, up 0.06% from its previous close of 101.09.

 

Read More - Currency Updates

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.

Read More - Currency updates

Today Rupee trades marginally lower against US dollar

Today Rupee trades marginally lower against US dollar

 

The Indian rupee on Thursday was trading marginally lower against the US dollar in the opening trade.

The local currency opened at 66.95 a dollar. At 9.15am, the home currency was trading at 66.96—down 0.08% from its previous close of 66.92.

Traders are focusing on the goods and services tax (GST) meet and results of upcoming state election results on 18 February and 11 March, respectively.

Asian currencies were trading mixed. Japanese yen was up 0.27%, China renminbi 0.19%, South Korean won 0.16%, Thai baht 0.09%. However, Malaysian ringgit was down 0.18%, Taiwan dollar 0.16%, Indonesian rupiah 0.11%, Singapore dollar 0.04%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.95—down 0.22% from its previous close of 101.18.

 

Read more - Currency Updates

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.

Read more - Currency Updates

Currency Updates - Indian rupee on Thursday strengthened past the 67 mark

Currency Updates - Indian rupee on Thursday strengthened past the 67 mark

The Indian rupee on Thursday strengthened past the 67 mark to hit a fresh three-month high against the US dollar after foreign investors continued to buy in local equity and debt markets. This was the 11th out of 12 sessions when the rupee is trading higher.

Foreign institutional investors (FIIs) bought over $800 million in debt markets in the last eight trading sessions, while they bought $700 million in equity markets in the last two weeks.

The local currency opened at 67.05 a dollar and touched a high of 66.95, a level last seen on 11 November 2016. At 9.17am, the home currency was trading at 66.96, up 0.32% from its previous close of 67.19.

The Reserve Bank of India (RBI) on Wednesday signalled an unexpected early end to the two-year-old rate cut cycle, citing concerns of resurgent inflation, and left its key policy rate unchanged.

Asian currencies were trading mixed. Taiwan dollar was up 0.21%, Indonesian rupiah 0.18% and South Korean won 0.12%. However, Japanese yen was down 0.24%, Malaysian ringgit 0.1%, China offshore 0.07% and China renminbi 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.34, up 0.06% from its previous close of 100.28

Read More - Currency Updates

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.

Read More - Currency Updates

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.

Read More - Currency Updates