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 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 opens stronger 3-week high ahead of Economic Survey

Rupee opens stronger 3-week high ahead of Economic Survey

The Indian rupee opened stronger for the fifth consecutive session against the US dollar tracking gains in its Asian peers, ahead of the key domestic as well as international events due later on Tuesday.

The rupee opened at 67.81 a dollar. At 9.15am, the home currency was trading at 67.84 a dollar— up 0.15% from Monday’s close of 67.95. So far this year, it has gained 0.1%.

On the domestic front, the government will present economic survey and gross domestic annual estimates after 12.30pm on Tuesday. The government will also issue fiscal deficit data for December after 4.30pm.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.36, down 0.07% from its previous close of 100.43.

Asian currencies were trading higher as dollar weaken reverting to a defensive tone amid concern about protectionism in the US after President Trump’s executive order Friday that clamped down on immigration and after earlier threats of border tariffs. 

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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 holds the line against US dollar at 68.06

Today Rupee holds the line against US dollar at 68.06

 

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

The rupee opened at 68.06 a dollar. At 9.15am, the home currency was trading at 68.07 a dollar—up 0.03% from Monday’s close of 68.10. So far this year, it has fallen 0.22%.

Asian currencies were trading higher. Japanese yen was up 0.12%, Philippines peso 0.12%, Singapore dollar 0.11%, Indonesian rupiah 0.05%. However, South Korean won was down 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.46—up 0.27% from its previous close of 101.18.

 

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Today Rupee opens at 68.24 a dollar, weakens on Asian cues

Today Rupee opens at 68.24 a dollar, weakens on Asian cues

 

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

The rupee opened at 68.24 a dollar. At 9.15am, the home currency was trading at 68.26 a dollar, down 0.16% from Friday’s close of 68.16. So far this year, it has fallen 0.2%.

Asian currencies were trading lower. South Korean won was down 0.33%, Philippines peso 0.25%, Taiwan dollar 0.24%, China offshore spot 0.15%, Indonesian rupiah 0.08%, Malaysian ringgit 0.06% and Singapore dollar fell 0.06%. However, Japanese yen was up 0.37% and China renminbi 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.42, up 0.23% from its previous close of 101.18.

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Rupee opens nearly 15 paise higher at 67.90 against dollar

Rupee opens nearly 15 paise higher at 67.90 against dollar

 

The Indian rupee on Thursday strengthened for the second session against the US dollar, tracking the gains in the Asian currencies markets.

The home currency opened at 67.91 against the dollar. At 9.15am, the rupee was trading at 67.90 per dollar, up 0.20% from its previous close of 68.05. Since 1 April 2016 till date, rupee has fallen 3.1%.

Overnight, the US Federal Reserve minutes showed the central bank is concerned about a strengthening dollar, and that more fiscal stimulus could raise demand above sustainable levels, according to a Reuters report.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.18, down 0.15% from its previous close of 102.70.

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Rupee inches up 9 paise to 67.90 against dollar in early trade

Rupee inches up 9 paise to 67.90 against dollar in early trade

 

The rupee ruled higher against the dollar, rising 9 paise to 67.90 in early trade at the Inter-bank Foreign Exchange today on increased selling of the US currency by exporters and banks.

Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.

The local currency had depreciated by 8 paise to settle at 67.99 against the greenback yesterday on massive capital outflows that induced further instability to the currency markets.

Meanwhile, the benchmark BSE Sensex fell by 64.19 points, or 0.25 per cent, to trade at 25,915.41 in early trade.

 

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