The rupee fell 9 paise to register a lifetime low of 83.22 (provisional) against the US dollar on Thursday. This marks the fourth consecutive day of the downward trend of the rupee. The fall was credited to the firm American dollar and increased crude oil price.The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar.
Courtesy: ABP News
The rupee closed at 81.93 per US dollar on Friday, compared to the previous close of 82.1750. Although it reached a five-week high of 81.8675 during intraday trading, importers hedging their positions prevented sustained gains. Furthermore, stop loss-related dollar sales contributed to the rupee's rise. Foreign investors also played a role in the rupee's performance, with approximately $800 million invested in local shares over the past four… read-more
Courtesy: The Economic Times
The rupee fell 5 paise to close at 82.57 (provisional) against the US dollar. The fall came after the Reserve Bank kept the key interest rate unchanged. At the interbank foreign exchange, the domestic unit opened at 82.59 against the dollar, and finally settled at 82.57 (provisional), down 5 paise from its previous close amid a negative trend in domestic equities.
Courtesy: The Press Trust of India
After an all-time low of 40 paise, the rupee increased by 35 paise, to 81.58 against US Dollar, in the early market. On September 29, At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, which led to overcoming an all-time low, which touched the 82 mark, against the USD on September 28. In addition, the dollar index rose 0.61% to 113.28.
The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on September 28. With this fall, the American currency strengthened and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and significant foreign fund outflows sapped investor appetite. In addition, at the interbank foreign exchange, the rupee opened at 81.90 against the greenback.
In the closing trend, the rupee fell by 30 paise, at 79.47 against US Dollar, on September 14. As per the share market, the dollar index was trading at 0.35 per cent lower at 109.43. Brent crude futures, the global oil benchmark, advanced by 0.62 per cent to USD 93.75 per barrel. Furthermore, at market Sensex, BSE was 0.37% lower at 60,346.97, while NSE Nifty declined 0.37 % to 18,003.75
Union Finance Minister Nirmala Sitharaman addressed Mindmine Summit 2022, and said many countries have evinced interest for bilateral trade in the rupee. The announcement and interest came after the RBI announced a mechanism recently. "It isn't the rouble-rupee which was in the old format. Now this (bilateral rupee trade) formulation, which I am glad the RBI has come up at a time which was so critical," said Nirmala Sitharaman.
Courtesy: Press Trust of India
In trade market, rupee once again fell by 4 paise to Rs 79.87 against US Dollar, on August 24. With the constant fall of INR, the dollar is strengthening in overseas markets and rose 0.11 per cent to 108.74. Furthermore, the 30-share Sensex was trading 141.45 points or 0.24% lower at 58,889.85, while the broader NSE Nifty was down 50.15 points or 0.29% to 17,527.35.
After a gain, the rupee fell by 4 paise, against US Dollar, in early trade. Currently, the rupee fall opened at Rs 79.66, weighing tension on investors. Furthermore, the dollar index increased 0.26% to 105.36. Moreover, on the equity market front, Sensex was trading 130.18 points at 59,462.78, while the NSE Nifty was up 39.15 points or 0.22% to 17,698.15 points.
Courtesy: Press Trust of India
After gaining for two days, on August 4, the rupee fell by 36 paise, against US Dollar, in early trade. Currently rupee with fall opened at Rs 79.21, weighing tension on investors. Furthermore, the dollar index also fell at 0.08 per cent to 106.41. Moreover, on the equity market front, Sensex was trading 286.7 points at 58,637.23, while the NSE Nifty was up 80.50 points or 0.46% to 17,468.65.