Rupee

In early trades, the rupee appreciated by 12 paise to Rs 98.74, against US Dollar, on August 2. As per interbank foreign exchange, the rupee plunged and recorded a good start, whereas dollar index, which gauges the greenback's strength fell 0.22 per cent to 105.21. Furthermore, 30-share Sensex was trading 88.55 points at 58,026.95, while NSE Nifty fell 35.65 points to 17,304.40. Crude oil prices also softened on August 2.

Former finance minister P Chidambaram took a dig at PM Narendra Modi-led Central Government, for the handling of a host of issues including the falling rupee, employment generation and LPG price rise. In an interview, Chidambaram said the depreciating rupee was attributed to falling in exports, high inflation rate and outflow of foreign portfolio investments. He added, how one million jobs drive, as a reason for unemployment in India.

In the opening trade the rupee strengthened by 15 paise, with a rise to 78.07 against the US dollar on June 16. The rupee witnesses rise by 15 paise, after the US Federal Reserve hiked interest rate by 75 basis points and signalled more rate action. With this, at the interbank foreign exchange, the rupee opened strong at 78.06 against the US dollar, and moving high in early trades.

In early trade on May 24, the rupee began flat versus the US dollar, pressured down by continued foreign money outflows and rising crude oil prices. The rupee opened at 77.56 relative to the dollar on the interbank foreign exchange market. The Rupee gained 18 paise versus the US dollar on May 23, closing at 77.52. On May 24, the share market started in green.

Gold prices in Delhi stands at Rs 50,601 per 10 gram, which is Rs 134 lower than the previously recorded price, on May 4, reported HDFC Securities. Furthermore, silver now costs Rs 62,787 per kg, which is Rs 169 lower than the previously recorded price. Also, a surprise rate hike by RBI, has resulted in the appreciation of Rupee by 8 paise, to settle at Rs 76.40 against US dollar.