Mumbai: The rupee declined by 9 paise to 55.72 against the dollar in early trade on Friday at the Interbank Foreign Exchange on increased demand from oil importers for the American currency. Besides increased dollar demand, a weak opening in the domestic equity market ahead of first quarter GDP data also put pressure on the rupee, forex dealers said. They, however, added that euro's gains against the dollar in the...
10:45 AM, Aug 31, 2012
Mumbai: Indian shares fell 1 per cent on Friday - last session of the August month - due to slowdown in the growth momentum, political & policy paralysis and unlikely of QE3 hint by Ben Bernanke in the Jackson Hole meet today evening. Unwinding of long positions as the market head into September month too added fuel to the fire in the second half of trade. Even the less room...
09:50 AM, Aug 31, 2012
Mumbai: The rupee rose marginally by 3 paise to 55.64 against the dollar in early trade on the Interbank Foreign Exchange on Wednesday as the American currency weakened against euro overseas. Forex dealers said euro's gain against the US dollar supported the rupee, but month-end dollar demand from oil importers and a weak opening in the equity market restricted the gains. The BSE benchmark Sensex declined by 56.27 points, or...
10:25 AM, Aug 29, 2012
Mumbai: Extending losses for the third day in a row, the rupee depreciated by 19 paise to 55.88 against the dollar in early trade on Tuesday on the Interbank Foreign Exchange on continued demand for the American currency. Besides month-end dollar demand from oil importers, a lower opening in the equity market and euro's weakness against the US dollar overseas also put pressure on the rupee, forex dealers said. Meanwhile,...
10:53 AM, Aug 28, 2012
Mumbai: Rupee is likely to trade in the range of 55-56 per US dollar in the coming week with no visible trigger from international and domestic fronts, according to experts. "Rupee will be range bound and is likely to be in the range of Rs 55-56 per dollar in the coming week," Geojit Comtrade currency strategist Hemal Doshi told PTI over the weekend. According to Doshi, lack of any visible...
12:05 PM, Aug 26, 2012
Mumbai: The rupee rose to an over one-week high on Thursday after the Euro jumped to a seven-week high on hopes of monetary easing by the Federal Reserve and as the government made it easier for companies to tap overseas funds. At 9.04 am local time, the rupee was trading at 55.2325/2475 versus its last close of 55.4950/5050. It rose to a high of 55.20, its highest since August 13....
09:46 AM, Aug 23, 2012
Mumbai: The rupee depreciated by 29 paise to 55.63 against the dollar in early trade on Tuesday, extending losses for the third day in a row on the Interbank Foreign Exchange on continued demand for the American currency. Besides increased dollar demand from importers, a lower opening in the domestic equity market put pressure on the rupee, forex dealers said. They, however, added that euro and yen's rise against the...
11:22 AM, Aug 14, 2012
Mumbai: The rupee rose by 5 paise to 55.23 against the dollar in early trade on the Interbank Foreign Exchange on Monday as the American currency weakened against other currencies overseas. Besides, dollar selling by banks and exporters along with a higher opening in the domestic equity market on foreign funds inflows also supported the rupee, traders said. The rupee had ended marginally down by 1 paise at 55.28 against...
10:20 AM, Aug 13, 2012
Mumbai: The rupee lost 16 paise to Rs 55.43 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on strengthening of the American currency overseas. Forex dealers said besides dollar's gains against euro and yen in the overseas markets following a rise in the US data, a weak opening in the stock market also put pressure on the domestic currency. The rupee had strengthened...
09:50 AM, Aug 10, 2012
Mumbai: The rupee rose by 5 paise to trade at fresh one-month high of 55.02 against the American currency in early trade today at the Interbank Foreign Exchange on persistent dollar selling by exporters and some banks. Forex dealers said a higher opening in the equity market buoyed by Finance Minister P Chidambaram's promise of bringing the economy back on track, also supported the rupee. The rupee had strengthened by...
10:49 AM, Aug 08, 2012
Mumbai: The rupee gained a hefty 51 paise to 55.24 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased dollar selling by banks. Forex dealers said a higher opening in the domestic stock market and euro's gain against the American currency as concerns over eurozone and the US eased, supported the rupee. The rupee had gained 9 paise to close at 55.75 against...
10:03 AM, Aug 06, 2012
Mumbai: The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers. Besides, the euro stayed bearish against other currencies in overseas markets after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis,...
10:16 AM, Aug 03, 2012
Mumbai: The rupee was higher in opening trades on Tuesday as gains in Asian shares and a stable euro boosted the local unit. At 9.02 am, the partially convertible unit was at 55.46/48 to a dollar as against 55.5850/5950 last close. Traders said the rupee will take further cues from the RBI's rate decision, due at 0530 GMT. ...
10:26 AM, Jul 31, 2012
Mumbai: The rupee on Monday breached the 56-mark, down 13 paise to trade at fresh three-week low of 56.10 against the US dollar on the Interbank Foreign Exchange due to strong demand for the American currency from banks and importers, particularly oil firms. Besides, the dollar also strengthened against other currencies such as the euro in the overseas market on worsening euro zone worries and Moody's downgrading Germany's sovereign outlook...
09:57 AM, Jul 24, 2012
Mumbai: The rupee depreciated by 10 paise to Rs 55.21 against the dollar in early trade on Wednesday on the Interbank Foreign Exchange as the American currency strengthened against the euro overseas. However, sustained foreign funds inflows into the equity market capped the losses, traders said. The rupee had strengthened by 20 paise to close at 55.11 against dollar in Tuesday's trade on fresh selling of US currency by exporters....
10:45 AM, Jul 18, 2012
Mumbai: The rupee gained 43 paise to trade at 54.88 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange as the American currency weakened against euro and other currencies overseas. Dollar selling by exporters and banks, amid a higher opening in the domestic equity market also supported the rupee, dealers said. Euro rose against the US dollar overseas after the International Monetary Fund said it...
10:14 AM, Jul 17, 2012
Mumbai: The rupee gave up early gains against the dollar on Monday and ended at 55.31 a dollar as banks and exporters sold the American currency amid inflows from foreign funds into the equity market. The rupee resumed stronger at 54.90 a dollar, against the last weekend's close of 55.15, at the Interbank Foreign Exchange (Forex) market. It moved between 55.04 and 54.76 before quoting at 55.01 a dollar at...
10:14 AM, Jul 16, 2012
Mumbai: The rupee gained 42 paise to 55.52 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market as the American currency weakened against Asian currencies overseas. Besides, a higher opening in the local equity market and selling of dollar by exporters also supported the rupee, dealers said. The domestic currency had weakened by 31 paise to close at a nearly two-week low of 55.94...
10:20 AM, Jul 13, 2012
Mumbai: The rupee ended at 56.63 to the dollar on Wednesday vs 55.39 on Tuesday. The rupee declined by 33 paise to 55.72 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange as the American currency rose in the overseas market against other currencies. Dealers said apart from strengthening of dollar overseas, a weak opening in the domestic equity market weighed on the rupee sentiment. Meanwhile,...
10:28 AM, Jul 11, 2012
Mumbai: The rupee fell for a second straight session on Thursday, consolidating after a recent rally as traders braced for an interest rate cut from the European Central Bank that, as expected, was delivered after the close of markets. The ECB cut its main interest rate to a record low of 0.75 per cent, sending the euro sharply lower against major currencies, and setting up the prospect of further weakness...
10:56 AM, Jul 05, 2012
