Dollar

Rupee recovers 15 paise against dollar in early trade

Mumbai: The rupee recovered by 15 paise to 58.62 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. However, dollar's strength against other currencies overseas capped the rupee's gain as investors await the conclusion of the US Federal Reserve's policy meeting and a weak opening in the domestic equity market.

The rupee sank by a whopping 90 paise to an all-time closing low of 58.77 in Tuesday's session on massive dollar buying by banks and importers.

Forex dealers said fresh selling of the American currency by exporters and hopes that the RBI may take steps to arrest rupee slide helped local currency to recover. Meanwhile, the 30-share BSE Sensex fell by 61.96 points, or 0.32 per cent, to 19,161.32 in early trade on Wednesday.

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Sensex recovers 22 points on late buying

Mumbai: Reversing early losses, the S&P BSE benchmark Sensex on Wednesday closed 22 points higher on fag-end buying in bluechips including Bharti Airtel, HDFC Bank and RIL amid investors awaiting the outcome of the two-day Federal Reserve meeting in the US. Sensex, which had lost 102.59 points in Tuesday's trade, recovered by 22.42 points, or 0.12 per cent, to close at 19,245.70 points. It had moved between 19,100.13 and 19,274.26...  

Rupee sinks 90 paise to record closing low of 58.77

Mumbai: Resuming its downfall, the rupee on Tuesday sank by a whopping 90 paise to all-time closing low of 58.77 on massive dollar buying by banks and importers as forex markets became jittery ahead of Fed's decision on continuing monetary stimulus. Capital outflows also affected the market sentiment with FIIs offloading shares worth over Rs 750 crore in two days, amid talks of continuing sell-off in debt as well. Since...  

Rupee depreciates by 36 paise vs dollar to end at 57.87

Mumbai: The rupee on Monday weakened by 36 paise to close at 57.87 against the US currency on fresh dollar demand from importers and some banks even as RBI kept its policy rates on hold and stock markets posted gains. At the Interbank Foreign Exchange (Forex) market, the local unit resumed weak at 57.70 a dollar and moved in a range of 57.55 and 57.90 during the day. It settled...  

Petrol price up by Rs 2 per litre due to weak rupee

New Delhi: Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates in June alone, as devaluation of rupee against US dollar made imports costlier. The hike, which is effective from midnight on Saturday, is excluding local sales tax or VAT and actual increase for consumers will be higher. Petrol price in Delhi was hiked by Rs 2.40 a litre to Rs...  

Rupee up 35 paise against dollar in early trade

Mumbai: The rupee on Friday strengthened by 35 paise to 57.63 against the dollar in early trade on the Interbank Foreign Exchange market on the back of banks and exporters selling the US currency amid strong local equities. Besides, dollar's weakness against some Asian currencies also supported the local unit, forex dealers said. The rupee had weakened by 19 paise to close at 57.98 per dollar on Thursday. Meanwhile, the...  

Rupee opens at 58.10, depreciates 31 paise against dollar

Mumbai: Indian rupee opened at 58.10 per dollar on Thursday, down by 31 paise compared to previous day's closing of 57.79 per dollar. Claudio Piron of Bank of America Merrill Lynch feels the rupee could stabilise at a higher range. "While there is no doubt about issues facing the rupee, a move above 60/USD would be overdone." He says the RBI forex policy comfort zone would be to try and...  

Rupee recovers from record low; up 60 paise as Fitch revises outlook

Mumbai: Raing agency Fitch has revised India's rating from negative to stable. Fitch has said that fiscal deficit targets will be met, which will strengthen the rupee. The rupee on Wednesday gained 60 paise to close at 57.79 against the dollar after Fitch revised India's credit outlook. Also, heavy dollar selling by some big corporates and US dollar weakening against the euro overseas also aided the rupee, forex dealers said....  

Sensex down 102; weak IIP, inflation data offset rupee gain

Mumbai: Benchmark indices extended their losing streak on Wednesday as the latest macro-economic indicators showed that a decent recovery was still some way off. The dour April industrial output and May inflation readings offset cheer from the partial rebound in the rupee. The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969. The Nifty finished at 5760, down 29 points...  

Rupee freefall: Latha Venkatesh on the crisis

In a roller coaster ride, the rupee on Tuesday hit life-time low of 58.98 against dollar but erased a major part of losses to close at 58.39 after RBI intervened in the forex market to stem the slide in the local currency that caused much concern to the government, the markets and the common man. ...

Rupee ends at 58.39 after hitting record low

Mumbai: In a roller coaster ride, the rupee on Tuesday hit life-time low of 58.98 against dollar but erased a major part of losses to close at 58.39 after RBI intervened in the forex market to stem the slide in the local currency that caused much concern to government, markets and common man. The rupee still closed 24 paise lower at 58.39 compared to Monday's close, extending losses for fifth...  

Rupee hits record low of 58.35; further losses likely

Mumbai: The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh. At 9:02 am (0332 GMT), the partially convertible rupee was at 58.35/38 per dollar, a life low and weaker than its previous close of 58.15/16. Traders will watch out for any RBI intervention to prevent the rupee from weakening...  

Rupee extends fall to hit record low of 58 per dollar

Mumbai: The rupee fell to a record low of 58 against the dollar on Monday, escalating worries about the current account deficit and complicating the task for policy makers looking to revive an economy that grew at its slowest in a decade in 2012/13. The Finance Ministry's chief economic adviser Raghuram Rajan said India would continue to take measures to curb the current account deficit, calling the rupee fall a...  

Rupee hits all-time low of 57.37 against dollar

Indian rupee hit a new record low of 57.37 on Monday morning trade, after opening at 57.25 per dollar on Monday as against Friday's closing of 57.06 a dollar. Earlier, it had hit touched an all-time low of 57.32 per dollar in June 2012. Agam Gupta of Standard Chartered Bank feels strong non farm payroll data could further support dollar strengthening. According to him, there is an expectation of RBI...  

Rupee nears record low; jobs data eyed for cues

Mumbai: The rupee hit a near one-year low on Friday and was at a striking distance of an all-time low, but dollar selling by some exporters and state-run banks helped the unit recover some ground. The rupee has been falling sharply since the start of May on concerns about the US Federal Reserve withdrawing its monetary stimulus and the Reserve Bank of India not cutting rates as much as previously...  

Rupee weakens past 57 against dollar, closes in on record low

Mumbai: The rupee weakened below 57 to the dollar on Friday to approach a record low hit about a year ago, reflecting caution ahead of the US monthly jobs data and falls in most emerging market currencies. The rupee was trading at 57.06 to the dollar at 1:39 pm, marking its lowest level since late June 2012, when the currency hit a record low of 57.32. The rupee closed at...  

Rupee up 15 paise against dollar at 56.69

Mumbai: The rupee on Friday recovered by 15 paise to 56.69 in early trade today at at the Interbank Foreign Exchange on dollar selling by exporters and some banks. Besides, a weakening dollar against euro and yen in the global market ahead of the release of US employment data for May and the European Central Bank and the Bank of England both keeping monetary policy unchanged, also supported the rupee....  

Sensex ends in red as rupee weakness weighs

Mumbai: Benchmark indices ended the week on a bearish note, as concerns over the weakness in rupee weighed on sentiment. Indices were volatile throughout Friday, peaking around noon and then retreating in towards the end of the session to close at 19429.23, down 90.26 points over the previous close, and 282.32 points down from the intra-day high of 19711.55. The Nifty closed at 5881, down 40.40 points over the previous...  

Rupee breaches 57-level against dollar after 11 months

Mumbai: The rupee on Thursday hit the 57-level in the late morning trade after 11 months on persistent dollar demand from importers and banks. The rupee resumed lower at 56.80 per dollar as against Wednesday's closing level of 56.73 at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 57.00 per dollar after 11 months before quoting at 56.89 per dollar at 10:40 am, showing a...  

Rupee fails to maintain initial gains against dollar

Mumbai: The rupee failed to maintain its initial gains against the American currency and was quoted lower by one paisa to 56.45 per dollar in the late morning trade on fresh dollar demand from banks and importers. The rupee resumed higher at 56.43 per dollar against the last closing level of 56.44 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to 56.31 per dollar on...