Articles by "US Dollar"
Showing posts with label US Dollar. Show all posts

Hello Jammu News at 12:39:00 PM 0


Mumbai, Oct 17 (PTI) The rupee strengthened by 6 paise to 73.42 against the US dollar in early trade on Wednesday on increased selling of the American currency by exporters and banks.

Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee.

On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid softening crude oil prices and easing concerns over the trade deficit.

Meanwhile, the benchmark BSE Sensex jumped 391.18 points, or 1.03 per cent, to 35,553.66 in the opening trade.

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Hello Jammu News at 11:30:00 AM 0


Mumbai, Oct 16 (PTI) The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

Dealers attributed the rupee's fall to the dollar's strength against some other currencies overseas but fresh inflows by foreign funds and a higher opening in domestic equity markets, capped the losses.

Moreover, weak exports data also dampened sentiments in the forex market. India's exports entered the negative zone after five months, contracting 2.15 per cent in September to USD 27.95 billion, according to commerce ministry data.

The rupee had lost 26 paise to close at 73.83 Monday after crude prices rose amid intensifying geopolitical tensions.

The benchmark BSE Sensex Tuesday rose by 89.17 points, or 0.26 per cent to trade at 34,954.27.

Meanwhile, foreign portfolio investors bought shares worth Rs 67.86 crore on net basis from stock markets on Monday, according to the BSE data.

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Hello Jammu News at 11:36:00 AM 0


Mumbai, Oct 15 (PTI) The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data.

A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee.

Dealers said, factors like the dollar's strength against some other currencies overseas and a volatile opening of the equity markets also impacted the domestic currency.

Industrial production slipped to a three-month low of 4.3 per cent in August and retail inflation rose marginally to 3.77 per cent in September, according to the data released by Central Statistics Office Friday.

Friday, the rupee had ended 55 paise higher at 73.57 against the dollar, as global crude prices eased and domestic indices staged a smart rebound.

Foreign institutional investors (FIIs) sold shares to tune of Rs 1,322 crore Friday, provisional data showed.

The benchmark BSE Sensex fell by 70.85 points, or 0.20 per cent, to 34,662.73 in early trade after crossing the key 35,000-mark to hit a high of 35,008.65 at the outset.

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Hello Jammu News at 6:30:00 PM 0


Mumbai, Oct 12 (PTI) Rising for the third straight day, the rupee strengthened by 55 paise to settle at 73.57 against the US dollar Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound.

Steps taken by the government to curb non-essential imports and anticipation of more measures to attract foreign inflows have boosted sentiment in the market, traders said.

The government Thursday hiked the import duty on certain communication items, including base stations, to up to 20 per cent as part of efforts to check a widening current account deficit and shore up the rupee.

At the Interbank Foreign Exchange (Forex), the rupee opened on a strong note at 73.84 from Thursday's close of 74.12. It gained further ground to hit a high of 73.52 against the US dollar, driven by selling of the greenback by exporters and banks and easing crude oil prices.

The domestic unit finally settled for the day at 73.57, up by 55 paise. This is its biggest gain since September 19, when it had jumped 61 paise.

According to Rohit Srivastava, Fund Manager PMS, Sharekhan by BNP Paribas, there is "expectations that the government will take action on the weak rupee".

Forex dealers said bullish trend in the equity market as well as easing crude oil prices also supported the rupee's upward movement.

Brent crude was trading at USD 80.65 per barrel. 

The International Energy Agency on Friday revised lower its growth forecast for global oil demand for 2018 and 2019, citing high prices, trade tensions and a less favourable economic outlook.

Meanwhile, the BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring over 700 points, as global markets rebounded after two straight sessions of losses.

The BSE Sensex settled up by 732.43 points, or 2.15 per cent, at 34,733.58. The broader Nifty ended the week at 10,472.50, up 237.85 points, or 2.32 per cent.

Foreign investors net sold shares worth Rs 1,322.13 crore Friday, provisional data showed.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the dollar at 73.7967 per dollar. The reference rate for euro was fixed at 85.5545 and for the British pound at 97.6537. The reference rate for 100 Japanese yen was 65.67.

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Hello Jammu News at 11:32:00 AM 0


Mumbai, Oct 12 (PTI) Continuing its recovery, the rupee Friday strengthened 38 paise to 73.74 against the US dollar in early trade in the forex market after global crude prices eased.

Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency.

Brent crude fell 3 per cent to trade at 80.37 a barrel in the global market.

Forex dealers said a higher opening in the equity market also supported the rupee's sentiment.

The local unit, after hitting a record low of 74.50 Thursday, recovered 9 paise to end at 74.12 against the dollar.

Meanwhile, the BSE benchmark Sensex rebounded 377.12 points, or 1.11 per cent, to 34,378.27 in opening trade.

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Hello Jammu News at 12:01:00 PM 0


Mumbai, Oct 11 (PTI) The rupee Thursday weakened by 24 paise to hit another low of 74.45 against the US dollar on strong demand for the American currency from importers amid unabated foreign fund outflows and a sharp losses in the domestic equity market.

At the Interbank Foreign Exchange (forex) market, the domestic currency opened weak at 74.37 and slipped further to quote at an all-time low of 74.45, depreciating 24 paise against the US dollar in the early trade.

Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.

On Wednesday, the rupee snapped its six-session losing streak to end 18 paise higher at 74.21 against the US dollar after the American currency weakened overseas.

Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,096 crore Wednesday, provisional data showed.

Investors remained concerned over sustained foreign capital outflows.

Meanwhile, the BSE benchmark Sensex crashed 1,030.40 points, or 2.95 per cent, to hit 33,730.49 in opening trade.

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Hello Jammu News at 11:53:00 AM 0


New Delhi, Oct 10 (PTI) The battered rupee rose 23 paise to 74.16 against the US dollar Wednesday after the American currency weakened overseas amid increased selling by exporters.
Besides, RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee, dealers said.

A higher opening of domestic equity markets too aided the recovery in the domestic unit.

The benchmark BSE Sensex rose 110.20 points or 0.31 per cent, to 34,409.67 in opening trade.

At the forex market, the rupee strengthened by 23 paise to quote at 74.16 against the US dollar in early trade on fresh selling of the American currency by banks and exporters.

The rupee slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar Tuesday on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows.

Meanwhile, DIIs bought shares worth Rs 1,526 crore, while FIIs pulled out a net Rs 1,242 crore Tuesday, as per provisional stock exchange data.

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Hello Jammu News at 11:50:00 AM 0


Mumbai, Oct 8 (PTI) The rupee dropped by another 14 paise to 73.90 per dollar in early trade Monday as the US currency gained in global markets amid unabated foreign fund outflows.

The dollar strengthened after China's central bank eased its domestic policy to support the economy.

China's central bank said on Sunday that it was cutting the reserve requirement rations (RRRs) by 1 per cent from October 15 which will inject a net USD 109.2 billion in cash into the banking system, amid a deepening trade war with the US that has increased pressure on growth in the world's second largest economy.

Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment.

On Friday, the rupee had lost 18 paise to end at record low of 73.76 after collapsing to a life-time low of 74.23 (intra-day) after the RBI unexpectedly kept the policy rate unchanged.

Foreign investors have pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital markets in the last four trading sessions.

Meanwhile, the benchmark BSE Sensex continued to fall, losing another 67.72 points, or 0.20 per cent, to 34,309.27 in early trade Monday.

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Hello Jammu News at 1:55:00 PM 0

Mumbai, Oct 4: The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.

Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure.

Meanwhile, state-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.

At the interbank foreign exchange, the rupee opened lower and slipped further to a fresh low of 73.77 a dollar against 73.34, a fall of 43 paise.

The domestic currency closed at a record low of 73.34, down by 43 paise or 0.59 per cent on Wednesday.

The international benchmark Brent crude breached the US 86 per barrel level, near its four-year high.

The benchmark Sensex plunged by 527.94 points, or 1.39 per cent, to 35,447.69 in morning deals. (PTI)
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Hello Jammu News at 1:05:00 PM 0

Mumbai, Sep 21: Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Besides, the dollar's weakness against some currencies overseas on easing trade war concerns and a higher opening of the domestic equity market supported the rupee, forex dealers said.

On Wednesday, the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.

Meanwhile, the benchmark BSE Sensex recovered by 231.40 points, or 0.62 per cent, to 37,352.62 in morning trade. (PTI)
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Hello Jammu News at 12:09:00 PM 0


Mumbai, Sep 4 :  The rupee Tuesday slumped 16 paise against the dollar to trade at a life-time low of 71.37 on strong demand for the US currency.
At the Interbank Foreign Exchange, the local currency opened at a record low of 71.24 against a dollar, down from its previous close of 71.21, and weakened further to trade at a fresh low of 71.37, down 16 paise.

Forex dealers said besides strong demand for the American currency from importers, capital outflows too weighed on the domestic currency.

The dollar strengthened against some currencies overseas as investors bid up safe haven assets amid tensions over global trade and strains in emerging market currencies.

A sharp rally in global crude prices further dampened the overall trading sentiment.

Benchmark Brent crude oil was trading at USD 78.05 a barrel.

Yesterday, the rupee had lost 21 paise, to close at an all-time low of 71.21 against the US dollar.

Meanwhile, the BSE Sensex fell by 7.60 points, or 0.01 per cent, to 38,304.92 points in early trade.

Foreign institutional investors (FIIs) sold shares worth a net of Rs 21.13 crore on Monday, as per provisional data.PTI

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Hello Jammu News at 2:29:00 PM 0

Mumbai, Aug 30: Continuing its free-fall, the rupee today weakened by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows.

At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad higher at 70.57 a dollar from its previous close of 70.59 but slipped to hit a fresh low of 70.82, down by 23 paise.

Forex dealers said besides strong month-end demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.

Furthermore, the dollar strength against its rival currencies overseas too put pressure on the rupee, they said.

The rupee had recorded a steep fall of 49 paise, to close at record low of 70.59 against the dollar in the previous session.

Meanwhile, the BSE Sensex recovered by 96.13 points, or 0.24 per cent, to 38,819.06 in early trade. (PTI)
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Hello Jammu News at 12:22:00 PM 0


Mumbai, Aug 29 : The rupee today collapsed to a lifetime low of 70.52 by plunging 42 paise against the dollar on strong month-end demand for the American currency amid foreign fund outflows.
Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure.

At the interbank foreign exchange market, the rupee opened lower at 70.32 a dollar against 70.10 previously and dropped further to a new low of 70.52 in late morning deals, down by 42 paise.

Furthermore, dollar's strength against some currencies overseas also put pressure on the rupee, dealers said.

Overseas, the US dollar inched higher against basket of currencies in early Asian trade, after dipping to a four-week low overnight. Relief over the US-Mexico trade deal was dimmed by concerns that the China-US trade war will drag on for some time.

A sharp surge in trade deficit too impacted the rupee. Trade deficit soared to a near five-year high of USD 18 billion.

Yesterday, the local currency had bounced back in a tepid fashion from the record closing low, gaining 6 paise to end at 70.10 against the US currency.

Meanwhile, the 30-share BSE Sensex, after hitting an all-time record high of 38,989.65 in early trade, slipped into the negative zone by falling 53.84 points, or 0.12 per cent, to 38,842.79 at 1130 hours.


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Hello Jammu News at 11:48:00 AM 0

Mumbai, Aug 28 :  The rupee firmed up by 10 paise to 70.06 against the US dollar in early trade at the Interbank Forex market today on selling of the American currency by exporters and banks amid fresh foreign funds inflow.


Besides, the dollar's weakness against other currencies overseas gave the rupee strength, dealers said.
They said a record opening of the domestic equity markets, too kept the rupee firm.

Yesterday, the rupee had retreated sharply to hit a record closing low of 70.16 against the dollar, plunging by 25 paise despite a huge rally in equities and easing worries over near-term monetary policy tightening by the US Fed.

Meanwhile, the BSE Sensex climbed 181.75 points, or 0.46 per cent, to quote a fresh life-time high of 38,875.86 in opening trade. The NSE Nifty too scale a new peak of 11,751.20 by surging 59.25 points. 

Foreign institutional investors (FIIs) bought shares worth a net of Rs 252.52 crore, while domestic institution investors (DIIs) accumulated shares to the tune of Rs 1,117.24 crore yesterday, as per provisional data.PTI
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Hello Jammu News at 12:49:00 PM 0

Mumbai, Aug 21: Extending its rising streak for the second day, the rupee appreciated 24 paise against the US dollar to 69.58 in early trade today amid weakness in the greenback against other currencies overseas.

The American currency witnessed selling by exporters and banks after the US President Donald Trump accused China and Europe of manipulating their currencies and criticised the Federal Reserve for hiking interest rates, forex dealers said.

Yesterday, the rupee made strong comeback from its life-time low and ended with a gain of 33 paise at 69.82 on heavy dollar unwinding and a robust rally in domestic equities.

The benchmark BSE Sensex today rose 124.21 points, or 0.32 per cent, to hit its all-time high of 38,402.96 and NSE Nifty too scaled a new peak of 11,581.75 in early trade. (PTI)
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Hello Jammu News at 10:48:00 AM 0

Mumbai, Aug 13: Reversing all its early gains, the Indian rupee nosedived to its life-time low of 69.62, tumbling by 79 paise against the US dollar in morning trade today in line with weakening domestic equities and global markets rout.

Increased demand for the US currency from importers and banks amid fresh foreign fund outflows mainly hit the rupee sentiment, forex traders said.

The rupee's previous record low was 69.13, marked on July 20, 2018.

On Friday, the rupee had lost 15 paise to end at 68.83 against the resurgent dollar.

Meanwhile, the BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade today on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, brokers said.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 510.66 crore Friday, as per provisional data. (PTI)
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Hello Jammu News at 1:46:00 PM 0

Mumbai, Aug 8: The rupee rose by 6 paise to 68.62 against the dollar in early trade today as the US currency softened against China's yuan and the euro amid sustained foreign fund inflows.

Increased selling of the greenback by exporters and banks amid a higher opening in the domestic equity market lifted the domestic currency, dealers said.

Yesterday, the rupee had staged an impressive rebound from a two-week low to end higher by 20 paise at 68.68 against the US currency on fresh bouts of dollar selling by exporters and banks.

Meanwhile, the benchmark BSE Sensex rose by 110.06 points, or 0.29 per cent, to trade at 37,775.86 in early trade.

Foreign portfolio investors (FPIs) bought shares worth Rs 314.83 crore yesterday, as per provisional data. (PTI)
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Hello Jammu News at 1:52:00 PM 0

Mumbai, Aug 7: The rupee weakened by another 5 paise to trade at fresh two-week low of 68.93 against the US dollar in early session today due to increased demand for the American currency from importers as global trade war concerns rise.

The dollar's gains against other currencies on escalating trade war worries between the United States and China, also impacted the rupee sentiment, currency dealers said.

They said, a higher opening of the domestic equity market, however, capped the rupee's losses.

Yesterday, the rupee dropped by 28 paise to end at 68.88 against the US dollar on frantic demand for the US currency from importers and corporates.

Meanwhile, the benchmark BSE Sensex rose by 184.98 points, or 0.49 per cent, to quote an all-time high of 37,876.87 in opening trade today. (PTI)
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Hello Jammu News at 1:35:00 PM 0

Mumbai, Jul 26: The rupee continued to recover for the second day, climbing 10 paise to 68.69 against the US dollar on increased selling of the greenback by exporters and banks amid rising domestic equity market.

Forex dealers said, besides increased selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.

The dollar's weakness against some currencies overseas as the country's new home sales data came out disappointing, supported the rupee.

Yesterday, the local currency had rebounded by 15 paise to end at a fresh one-week high of 68.79 against the greenback on bouts of dollar selling by exporters and corporates.

Meanwhile, the benchmark BSE Sensex rose by 156.42 points, or 0.42 per cent, to quote an all-time high of 37,014.65 in early trade today. (PTI)
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Hello Jammu News at 12:12:00 PM 0

Mumbai, Jul 25: Continuing its slide for the third straight day, the rupee weakened by another 3 paise to trade at 68.97 against the US dollar in opening session today due to increased demand for the American currency from importers.

The dollar's gains against other currencies ahead of a meeting between US President Donald Trump and European Commission President Jean-Claude Juncker, also impacted the rupee sentiment, a currency dealer said.

They said, a higher opening of the domestic equity market, capped the rupee's losses.

Yesterday, the rupee dropped by 8 paise to close at 68.94 against the US currency due to sustained dollar demand from importers even as local equities hit a record high.

Meanwhile, the benchmark BSE Sensex rose by 102.97 points, or 0.27 per cent, to quote an all-time high of 36,928.06 in opening trade today. (PTI)

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