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INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Rupee opens little changed against dollar amid fall in global oil prices
Indian rupee opens slightly weaker against the US dollar as softer crude offers support, but rising US yields and Fed rate hike risks keep pressure elevated.
Rupee opens 1 paise lower at 94.69 against US dollar
The Indian rupee opened weaker at 94.69 against the US dollar, down 1 paise. Market focus has shifted from oil prices to expectations of a US Federal Reserve rate hike in September, impacting Asian currencies including the rupee.
Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...
INR seen under pressure as DXY stays upbeat ahead of US data
The Indian rupee came under pressure in opening trades on Monday as dollar index remains firmly above 100 mark assessing geo-political situation in Middle East. As per media reports, US President Donald Trump over the weekend threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran. Markets now look ahead to the weeks release of the US PCE price index, the Federal Reserves preferred measure of inflation after Fed left rates unchanged last week. Meanwhile, INR opened at Rs 94.42 per dollar and slipped to a low of 94.48 so far during the day. On Friday, the counter ended at 94.33. Easing crude oil price from multi-year highs are however lending some support to the counter. Local equities in positive zone are also supporting rupee to some extent.
Rupee opens 4 paise lower at 94.36 against US dollar
The Indian rupee opened at 94.36, 4 paise weaker against the US dollar on June 22. Despite a 0.8% gain last week and easing crude oil prices, concerns about prolonged depreciation persist as diplomatic progress between the US and Iran supports market sentiment.
Will Sensex, Nifty bounce back on Monday? Iran peace deal risks among 5 factors to drive D-St this week
Indian stock markets experienced a sharp decline on Friday, breaking a five-day winning streak. Key factors influencing Dalal Street next week include potential US-Iran peace deal risks, volatile oil prices, a significant sell-off in IT stocks, the rupee's performance against the dollar, and a return of foreign institutional investors as net buyers. These elements will shape market sentiment in the coming days.
How a hawkish Fed strengthened the dollar and weakened the rupee
Indian rupee opens lower against US dollar as Fed signals hawkish rate outlook, dollar gains despite support from lower crude oil prices.
Rupee opens 10 paise higher at 94.46 against US dollar
The Indian rupee strengthened to 94.46 against the US dollar due to falling crude oil prices, though gains may be limited by regional currency weakness and investor caution ahead of the US Federal Reserve's policy decision.
Rupee strengthens to 94.61 against dollar as US-Iran deal keeps oil prices subdued
Indian rupee opens higher at 94.61 against US dollar, extends gains as lower crude prices and the Iran-US peace agreement shape near term currency outlook.
Rupee hits 5-week high versus dollar, stocks sprint as crude oil cools
Indian markets rallied as easing West Asia tensions and a sharp fall in crude oil prices boosted the rupee, bonds and equities
Rupee strengthens sharply as crude plunges; bond yields fall to 2-month low
The Indian currency strengthened against the dollar as crude oil prices declined sharply, while benchmark bond yields fell to their lowest level in two months