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Thursday, March 23, 2017

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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Wednesday, March 22, 2017

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.

Tuesday, March 21, 2017

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.

Monday, March 20, 2017

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.

Sunday, March 19, 2017

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.

Wednesday, March 15, 2017

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.

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Tuesday, March 14, 2017

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.

Monday, March 13, 2017

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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