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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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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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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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 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 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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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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Rupee opens nearly 3 paise higher at 68.20 against dollar

Rupee opens nearly 3 paise higher at 68.20 against dollar

 

The Indian rupee on Thursday strengthened marginally against the US dollar, tracking gains in the Asian currencies markets.The home currency opened at 68.23 against the US dollar.
 

the rupee was trading at 68.17 per US dollar, up 0.11% from its previous close of 68.24. So far this year, it has fallen 3%.

Asian currencies were trading higher. Japanese yen was up 0.34%, Thai Baht 0.17%, South Korean won 0.1%, China renminbi 0.09%, Singapore dollar 0.05%. However, China Offshore spot was down 0.23%, Indonesian rupiah 0.16%.

India’s benchmark Sensex index was trading at 26,195.01 points, down 0.06% or 3.41 points from its previous close. So far this year, it has up 0.3%

The 10-year bond yield was trading at 6.617%, compared to Wednesday’s close of 6.585%. Bond yields and prices move in opposite directions.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.09, down 0.21% from its previous close of 103.3.

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Today Rupee weak Against US dollar in early trade

Today Rupee weak Against US dollar in early trade

 

The Indian rupee on Wednesday weakened for the second session and hitting an over three-week low against the US dollar because of consistent sell-offs by foreign institutional investors in domestic equity and debt markets.

The home currency opened at 68.05 against the US dollar and touched a low of 68.20—a level last seen on 5 December.

At 9.15am, the rupee was trading at 68.19 per US dollar—down 0.19% from its previous close of 68.06. So far this year, it has fallen 3%.

Since 8 November, the foreign institutional investors have sold a combined of nearly $10 billion in domestic equity and debt markets. So far this year, foreign institutional investors have bought $3.28 billion in equities and sold $6.74 billion in debt.

Fall in the Asian currencies also dampened the local currency. Japanese yen was down 0.2%, Philippines peso 0.1%, Taiwan dollar 0.07%, Malaysian ringgit 0.05%, Thai Baht 0.04%, China renminbi 0.04%. However, China Offshore was up 0.07%, South Korean won 0.05%.

 

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Today Rupee trades marginally lower against US dollar

Today Rupee trades marginally lower against US dollar

 

The Indian rupee on Tuesday was trading marginally lower against the US dollar tracking the losses in its Asian peers. 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 67.83 per US dollar—down 0.12% from its previous close of 67.74. So far this year, it has fallen 2.5%.

Asian currencies were trading lower. Thai Baht was down 0.39%, South Korean won 0.37%, Japanese yen 0.22%, Taiwan dollar 0.2%, Philippines peso 0.19%, Malaysian ringgit 0.12%, Singapore dollar 0.1%, China Offshore 0.06%.

India’s benchmark Sensex index was trading at 25,809.01 points, up 0.01% or 1.91 points from its previous close. So far this year, it has down 1.2%

The 10-year bond yield gained for the fourth consecutive sessions and hit six-week high. It was trading at 6.597%—a level last seen on 11 November, compared to Monday’s close of 6.544%. Bond yields and prices move in opposite directions.

So far this year, foreign institutional investors have bought $3.44 billion in equities and sold $6.61 billion in debt.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 103.10—up 0.13% from its previous close of 102.97.

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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 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 trades 9 paise higher at 67.45 against US dollar in early trade

Rupee trades 9 paise higher at 67.45 against US dollar in early trade

 

The rupee was trading nearly 9 paise higher at 67.45 against the dollar in early trade on Wednesday amid some selling of the American currency by exporters and corporate houses ahead of the FOMC policy rate decision later in the day. The domestic currency opened at 67.54 against dollar on Wednesday.

The domestic equity market opened on a flat note. Benchmark BSE Sensex opened nearly 10 points higher at 26,707, while NSE's Nifty50 index opened 7.55 points up at 8,229.

The local currency had closed 12 paise down at 67.54 against dollar on Tuesday. Foreign portfolio investors were net buyers in the stock market on Tuesday, having bought shares worth of Rs 334.03 crore with gross purchase and gross sales of Rs 6,379.87 crore and Rs 6,045.84 crore, respectively. 

 

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Today Rupee opens nearly 16 paise down at 67.52 against dollar

Today Rupee opens nearly 16 paise down at 67.52 against dollar

 

The rupee opened nearly 16 paise down at 67.52 against the dollar on Friday on account of selling of the greenback by banks and importers.

The domestic currency was trading 22 paise down at 67.58 in early trade around 9.15 am.

Extending its gains for the third straight day, the rupee on Thursday closed at a near one- month high of 67.36, up 27 paise against the dollar.

The domestic equity market opened higher, following firm global cues. The BSE Sensex opened 94.25 points, or 0.35 per cent, higher at 26,788, while NSE's Nifty50 index rose 24.85 points, or 0.30 per cent, to 8,271.

Government bonds ended little changed on Thursday, as the RBI Monetary Policy Committee's surprise decision to keep rates steady dissuaded investors from adding fresh positions.

The benchmark 6.97 per cent bond maturing in 2026 ended at Rs 104.07 on Thursday against Rs 104.00 on Wednesday. As a result, bond yields fell to 6.40 per cent from 6.41 per cent on the previous day.

 

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Today Rupee surges 19 paise against dollar in early trade

Today Rupee surges 19 paise against dollar in early trade

 

The Rupee climbed 19 paise, or 0.28 per cent, to 67.44 against the dollar in early trade on Thursday amid selling of the greenback by banks and exporters amid firm global cues. The local currency opened 10 paise higher at 67.53 against the dollar.

Benchmark equity index BSE Sensex opened 129.65 points, or 0.49 per cent, higher at 26,366 while NSE’s Nifty index opened 50.05 points, or 0.62 per cent, up at 8,152.

Market experts said selling of the US dollar by banks and exporters amid renewed capital inflows from foreign institutional investors kept sentiment buoyant.

Foreign portfolio investors stood net buyers in the domestic equity market on Wednesday with gross purchases and gross sales of Rs 3,162.24 crore and Rs 2,956.05 crore, respectively.

 

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Today Rupee climbs 15 paise to 68.07 against dollar

Today Rupee climbs 15 paise to 68.07 against dollar

The rupee climbed nearly 15 paise to 68.07 against dollar in early trade on Tuesday on account of selling of American currency by banks and exporters. Overall market sentiments are looking cautious ahead of the Reserve Bank of India's monetary policy review on Wednesday.

Meanwhile, domestic equity markets opened in the green following mixed global cues. The BSE Sensex opened 54.26 points, or 0.21 per cent, up at 26,403.36, while NSE Nifty opened 24.40 points, or 0.30 per cent, up at 8,153.15.

Rupee opened nearly 12 paise up at 68.09 against dollar. The local currency on Monday settled almost flat with negative bias at 68.21 against the US dollar.

Foreign portfolio investors stood net sellers in domestic equity markets on Monday as they sold shares worth Rs 125.25 crore with gross sales and gross purchases stood at Rs 2,157.42 crore and Rs 1,624.96 crore, respectively.

In the currency futures market, the most traded dollar-rupee December contract on the NSE ended at 68.34 on Monday. The December contract open interest fell 1.48 per cent from the previous day.

ICICI Securities in a research note said, "We expect the US dollar to gain support at lower levels. Utilise downsides in the dollar to go long on the US$INR pair."

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