Page 6 - Rupee Versus Dollar

Rupee could slip to 75 against dollar by end-2019 on widening CAD: Fitch

Despite a few recent advances, the rupee is on track for its worst yearly performance in five years in 2018 and a Reuters poll on Wednesday had forecast it to weaken further as uncertainty builds

Rupee slips further, back to 71/$ after six sessions

Oil prices fell but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut.

Rupee continues decline, opens 15 paise lower at 70.64

The domestic unit on Tuesday slipped further by 3 paise to close at 70.49 due to increased demand for the American currency from importers and firming global crude oil prices.

Rupee opens 3 paise lower at 70.49 against US dollar

Forex dealers said increased dollar demand from importers amid firming global crude oil prices and a strong dollar weighed on the rupee sentiment.

Rupee halts 4-day winning streak, back to 70/$ as crude oil surges

The domestic currency on Friday strengthened by 27 paise to close at a four-month high of 69.58 against the greenback.

Rupee closes at 4-month high of 69.58 vs dollar, extends gains for 4th day

Traders said sustained foreign fund inflows, easing crude oil prices and a smart recovery in domestic equity markets also aided the domestic currency

Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s

Sensex, Nifty close at highest levels since Oct 1; crude oil prices recover after early loss

Rupee extends gains, opens 18 paise higher at 69.67

The domestic unit on Thursday breached the 70-mark for the first time since August 27 to end at a three-month high of 69.85 per US dollar.

What will drive rupee in 2019

Risk sentiment is likely to be favourable if oil prices stay benign and the dollar index does not break out

Rupee extends gains; surges past 70/$ mark for the first time since Aug 27

Forex dealers said the greenback's weakness against some currencies overseas aided the domestic currency.

Rupee opens 9 paise lower at 70.88 against US dollar

On Tuesday, the domestic unit recovered by 8 paise to close at 70.79 on increased selling of the greenback by exporters and softening crude oil prices.

Rupee closes at fresh 2-month high of 71.93 a dollar despite oil rebound

Increased selling of the US currency by exporters and banks and gains in equity markets aided the rupee to post gains for the fourth day

Rupee extends gains; rises to 72/$ for the first time since Sept 21

Crude oil prices fell below the $70 per barrel mark, easing concerns over expanding current account deficit and inflation which have a bearing on rupee sentiment.

Rupee recovers 22p against dollar to close at 72.67 on easing crude prices

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment

Rupee slumps 27 paise to close at 3-week low of 73.95 against US dollar

Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit

Rupee falls Rs 20 paise, closes at 73.47 against USD amid strong greenback

The dollar rose to a 10-week high Friday ahead of US GDP data

Rupee closes flat at 73.57 against dollar on easing crude oil prices

The rupee bounced back from the day's low level to settle almost flat at 73.57 against the US currency Tuesday helped by easing crude oil prices and increased dollar selling by banks and exporters. The rupee opened weak at 73.74 and later fell to the day's low of 73.82 due to steady capital outflows amid deep losses in stock markets due to growing geopolitical concerns. However, retreating crude oil prices which fell 1.93 per cent to USD 78.29 per barrel eased concerns and helped arrest a decline in the local currency, a dealer said. Increased dollar selling by banks on the behalf of the Reserve Bank helped the rupee recover from losses. "Rupee pared losses and closed flat as crude oil prices retreated and dollar selling by state run lenders on behalf of RBI," V K Sharma, Head PCG & Capital Markets Group, HDFC Securities said. Bond markets also arrested their decline as softer US yields supported the sentiment. The benchmark 10-year bond yield fell by 4 basis points, the most ...

Rupee weakens 23 paise to 73.79 against US dollar in early trade

Dealers attributed the rupee's fall to increased demand for the US currency from importers and sustained foreign fund outflows

Rupee recovers early losses; jumps 29 paise against US dollar to 73.32

Traders said the selling of the US currency by exporters and foreign fund inflows were the other factors that provided support to the home unit

Rupee makes sharp U-turn, opens 23 paise lower against dollar

The Indian rupee has been on a downhill slide for most of the year, falling for six straight months, the longest stretch since 2002.