Indian Rupee

Rupee trims initial losses against dollar, still down 22 paise

Mumbai: The rupee trimmed its initial weakness on Friday but was quoted still down by 22 paise to 54.47 per dollar on heavy demand of the US currency from banks and importers as it was strong overseas despite good capital inflows into equities. The rupee resumed lower at 54.57 per dollar as against the last closing level of 54.25 at the Interbank Foreign Exchange (Forex) Market and dropped further to a low of 54.59.

However, it recovered slightly due to some selling by exporters to quote 54.47 per dollar at 1040 hrs. It moved in a range of 54.46 and 54.59 per dollar during the late morning deals. In international market, the dollar rallied against the Japanese yen, stretching its gains which spiked above the key 100-yen level for the first time in four years.

Meanwhile, crude prices were trading lower in Asian trade on a rise in US stockpiles, with the strong dollar also putting pressure on prices. The Indian benchmark BSE-30 share index, Sensex, rose by 81.48 points, or 0.41 per cent, to 20,020.52 in late morning trade on Friday.

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Rupee down 18 paise against dollar in early trade

Mumbai: The rupee today lost 18 paise to Rs 54.36 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the euro overseas. Increased demand for the dollar from importers and banks also put pressure on the rupee. Dealers attributed the rupee's fall to dollar gains against the euro overseas but a higher opening in the domestic stock market limited...  

Rupee up 6 paise vs dollar in early trade

Mumbai: The rupee on Monday gained six paise to 54.31 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Strengthening of euro and yen against the dollar in overseas market and a higher opening in the equity market also supported the rupee, forex dealers said. The rupee had lost 15 paise to close at 54.37 on Friday on...  

Rupee up 4 paise against dollar in early trade

Mumbai: The rupee rose by 4 paise to 54.18 against the dollar in early trade at the Interbank Foreign Exchange market on Friday on increased selling of the US currency by exporters. Strengthening of the euro against the dollar overseas, also supported the rupee. The rupee had gained 16 paise to close at 54.22 against the dollar in Thursday trade. ...  

Rupee up 15 paise against dollar in early trade

Mumbai: The rupee on Thursday rose by 15 paise to 54.06 against the dollar in early trade on the Interbank Foreign Exchange as the US currency weakened against euro overseas amid a higher opening in the domestic equity market. Forex dealers said strength in euro against the US dollar overseas and increased capital inflows supported the rupee. The rupee had closed 7 paise down at 54.21 against the dollar in...  

Foreign tourists allowed to buy INR against debit cards

Mumbai: In order to further rationalise money changing activities, the Reserve Bank on Friday allowed authorised money changers (AMCs) to sell Indian rupees to foreign tourists against international debit cards. This facility was earlier limited only to international credit cards. "...it has been decided that Authorised Money Changers (AMCs) may sell Indian rupees to foreign tourists/visitors against International Credit Cards/International Debit Cards," RBI said in a notification. RBI added that...  

Rupee down 16 paise against dollar in early trade

Mumbai: The rupee on Thursday lost 16 paise to 54.59 against the dollar in early trade on the Interbank Foreign Exchange due to continued capital outflows and increased demand from importers for the US currency. Besides, dollar's gains against euro overseas also put pressure on the rupee. Dealers attributed the rupee's fall to increased capital outflows by foreign funds and a lower opening in the stock market. The rupee had...  

Rupee down 4 paise against dollar in late morning trade

Erasing early gains, the rupee on Friday fell by four paise to 54.32 in late morning trade due to good dollar demand from importers amid weak local equity market. ...  

Rupee up 24 paise against dollar in early trade

The rupee on Friday gained 24 paise to 54.11 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas, also supported the domestic currency. ...  

Rupee down 25 paise against dollar in early trade

The rupee on Thursday depreciated by 25 paise to 54.32 against the dollar in early trade on the Interbank Foreign Exchange due to renewed demand for the US currency, amid weak equities. Forex dealers said dollar's gain against other currencies overseas also weighed on the rupee sentiment. ...  

Rupee up by 8 paise against dollar in early trade

The rupee on Wednesday appreciated by eight paise to 54.10 against the US dollar on the Interbank Foreign Exchange (Forex) market in early trade on increased foreign fund flows amid firm local equities. ...  

Rupee up 6 paise against dollar in early trade

The rupee on Friday gained six paise to 53.86 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters. Forex dealers said strengthening of yen against the dollar overseas also supported the rupee. ...  

Rupee down 22 paise against dollar in early trade

The rupee on Friday depreciated by 22 paise to 53.44 against the dollar in early trade on the Interbank Foreign Exchange on fresh demand for the US currency. Forex dealers said strong foreign fund flows and dollar's gain against other currencies overseas, capped rupee's fall to some extent. ...  

Rupee up 15 paise against dollar in early trade

The rupee on Monday strengthened by 15 paise to 54.34 against the dollar in early trade at the Interbank Foreign Exchange, on selling of the US currency by exporters and banks and strong capital inflows. Besides a higher opening in the domestic equity market and continued capital inflows, strengthening of the euro against the dollar overseas also supported the rupee, forex dealers said. ...  

Rupee down by 29 paise against dollar in early trade

Mumbai: The rupee on Friday lost 29 paise to 54.75 against the dollar in early trade on the Interbank Foreign Exchange (forex) market, following increased demand for the US currency from importers. Forex dealers attributed the rupee's fall to sustained demand for dollar from importers and a lower opening in the stock market. They said, however, government's move to push forward economic reforms and strengthening of euro against the dollar...  

Rupee up 22 paise against dollar in early trade

Mumbai: The rupee on Thursday rose by 22 paise to 54.10 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of US currency by exporters and banks. Forex dealers said strengthening of euro against the US dollar overseas and a higher opening in the domestic equity market also supported the rupee. Meanwhile, the BSE benchmark index Sensex rose by 66.46 points, or 0.34 per...  

Rupee erases gains against dollar; steady at 54.36

Mumbai: The rupee erased initial gains and was quoting steady at 54.36 against the dollar today on fresh demand for the American currency from banks as it strengthened in the overseas forex markets. The rupee resumed stronger at 54.30 a dollar as against the last closing level of 54.36 at the Interbank Foreign Exchange (Forex) Market. It moved between 54.27 and 54.37 before quoting at Thursday's closing level at 1040...  

Rupee plunges by 36 paise against dollar

Mumbai: The rupee lost a hefty 36 paise to Rs 54.56 against the US dollar in early trade at the Interbank Foreign Exchange market on strengthening of the American currency against the euro overseas. Forex dealers said dollar rose against the euro after the European Union cut its economic growth forecast and the ECB chief stoked worries about how slowing growth is hurting the continent's top economy, Germany. Besides, a...  

Swetha's daughter hogs limelight at State Film awards

Thiruvananthapuram: Actress Swetha Menon's 40-day-old daughter Sabaina was the cynosure of all eyes at the State Film Awards held here. Swetha, who recieved best actress award for her performance in film 'Salt and Pepper', came to collect the honour along with Sabaina, and it was the little angel who caught all the attention. The award was given by Kerala Chief Minister Oommen Chandy at the ceremony Monday. The best actor...  

Rupee advances 24 paise against dollar

Mumbai: The rupee advanced further by 24 paise to 54.19 against the US currency on selling of dollars by banks and exporters after the greenback weakened against against major world currencies. Dealers said dollar slipped against the euro and yen after President Barack Obama was re-elected in a knife-edge US presidential election. They added that dollar fell on expectations that under Obama the Federal Reserve would continue with the loose...