Rupee gains 4 paise against US Dollar

The local unit gained after opening flat against the US dollar amid a dip in crude oil prices and fresh foreign fund inflows.

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The Indian rupee opened on a flat note on Friday. However, it gained after opening flat against the US dollar amid a dip in crude oil prices and fresh foreign fund inflows. Currently, the domestic unit is trading 4 paise higher at 71.17/$.

On the economy front, the RBI released its MPC meet minutes on Feb 21, 2019. The apex bank, in its final bi-monthly monetary policy review for FY19, decided to cut the repo rate by 25bps to 6.25% and changed its policy stance to "neutral" from calibrated tightening earlier.

The rupee ended lower by 11 paise at 71.24/$ on Thursday as rising oil prices and a strengthening greenback weighed on market sentiment.

Meanwhile, the Sensex gained 13 points to 35,914, while the Nifty was up 3 points at 10,786.

The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs71.15, while for the Euro, it was at Rs80.62. The RBI’s reference rate for the Yen stood at Rs64.24; the reference rate for Great Britain Pound (GBP) was Rs92.72.

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Rupee gains 11 paise at 71/$

On Wednesday, the currency closed 24 paise higher to 71.11/$ compared to its previous close of 71.34/$.

The Indian rupee appreciated 11 paise against the dollar to trade at 71/$ in Thursday’s late morning trade. The domestic unit opened marginally higher and maintained its upward movement at 71.06/$.

On Wednesday, the currency closed 24 paise higher to 71.11/$ compared to its previous close of 71.34/$.

The appreciation in the domestic unit could be attributed to easing crude oil prices in the global market and a weak dollar against its major peers. This is after the Federal Reserve in its minutes of the recent policy meeting raised concerns regarding the economic health of the US. The central bank decided to halt their steady campaign to raise interest rates.

Meanwhile, equity benchmark indices were trading on a flat note on Thursday with the Sensex gaining 21 points to 35,777 levels. The Nifty also rose 4 points to trade at 10,739 levels.

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Rupee gains by 14 paisa against Dollar

The rupee opened higher against the US dollar on account of some selling in American currency by banks and exporters.

The Indian rupee opened higher against the US dollar on account of some selling in American currency by banks and exporters. The rupee was trading at 71.20/$, up 14 paise.

The currency and debt markets were shut on Tuesday for a public holiday.

On the international front, Fed meeting will be closely watched. The dollar index rose to a two-month high last week but demand for the liquid greenback has recently ebbed on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict.

Meanwhile, the Sensex rose 234 points at 35,587, while the Nifty was up 64 points at 10,669. 

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Forex, Debt market shut on Tuesday for Shivaji Jayanti

The rupee and debt markets will remain shut on Tuesday on account of Chatrapati Shivaji Maharaj Jayanti.

The rupee and debt markets will remain shut on Tuesday on account of Chatrapati Shivaji Maharaj Jayanti. The rupee and bond market would resume on Wednesday.
On Monday’s trade, the local unit ended lower by 11 paise to 71.34 against the US dollar amid firming crude oil prices and persistent foreign fund outflows. The benchmark 10-year bond yield ended at 7.3%, up 0.14% from its Friday’s close.
Meanwhile, the Sensex rose 170 points at 35,669, while the Nifty was up 48 points at 10,690. The market breadth was positive with 1,127 shares advancing, 413 shares declining, and 506 remaining unchanged.

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रुपया 9 पैसे की कमजोरी के साथ 71.31 पर खुला

The yields on the 10-year government bonds up 0.37% to 7.36% from its previous close of 7.33%.

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The Indian rupee opened lower for the fourth consecutive session against US Dollar weighed down by higher global oil prices. Presently, the currency is trading at 71.40/$ lower by 18 paise.
The yield on the 10-year government bonds is up 0.37% to 7.36% from its previous close of 7.33%.
On the economy front, India’s trade deficit widened in January from a month ago as a rebound in oil prices weighed on the nation’s import bill. The gap between exports and imports was $14.7bn in January, compared with $13bn in December, data released by the Commerce Ministry showed on Friday.
Meanwhile, exports rose 3.7% from a year ago to $26.4bn, compared to a 0.3% gain in December, while imports growth was flat yoy at $41.1bn vs. a 2.4% drop in the previous month
The local currency on Friday declined 7 paise to close at 71.23 against the greenback.
The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs71.25, while for the Euro it was at Rs80.41. The reference rate for the Yen stood at Rs64.55; the reference rate for Great Britain Pound (GBP) was Rs91.22.

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Forex Market : dollar के मुकाबले Rupee 7 पैसे कमजोर खुला

Besides, the dollar's gain against major world currencies also impacted the rupee.

The Indian rupee opened weaker by 11 paise against the dollar on Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. Presently, the currency is trading at 71.29/$ lower by 13 paise.

Besides, the dollar's gain against major world currencies also impacted the rupee.
The local currency on Thursday ended lower by 36 paise at 71.16/$.

On the economy front, the Wholesale Price Index (WPI)-based inflation dipped to 10-month low of 2.8% in January 2019, exhibiting a sharp decline for third straight month from 5.5% in October 2018.

The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs70.94, while for the Euro it was at Rs79.99.

The RBI’s reference rate for the Yen stood at Rs63.88; the reference rate for Great Britain Pound (GBP) was Rs91.27.

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Rupee trades weaker by 8 paise against US Dollar

Besides, strong dollar demand in overseas markets and a lower opening of the domestic equity market weighed on the rupee.

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The Indian rupee slipped by 14 paise against US Dollar on increased demand for the greenback from importers and banks amid rising global crude prices. Besides, strong dollar demand in overseas markets and a lower opening of the domestic equity market weighed on the rupee.

However, the rupee opened weaker, but recovered partially to trade at 70.89, still down by 8 paise against the dollar.

The local currency on Wednesday ended by 10 paise lower at 70.80/$ on rising global crude prices and heavy foreign fund outflows.

On the economy front, the government is due to release wholesale inflation data - based on the Wholesale Price Index (WPI) - later in the day.

The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs70.55, while for the Euro it was at Rs79.95. The RBI’s reference rate for the Yen stood at Rs63.78; the reference rate for Great Britain Pound (GBP) was Rs91.13.

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