archiveRupee Vs Dollar

The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday (June 10) amid a positive opening in the domestic equity markets and robust foreign capital inflows.However, rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.62 against the greenback before rising further to 85.58, higher by 8 paise against its previous close. The local unit appreciated 2 paise to close...

  Rupee weakened by 10 paise to close at 85.48 (provisional) against the US dollar on Thursday, pressured by a strengthening dollar overseas and a rise in global crude oil prices. Forex traders noted that gains in the domestic equity markets and foreign capital inflows helped limit the local currency's fall. At the interbank foreign exchange market, the rupee opened at 85.56 and traded between an intra-day low of 85.62 and a high of 85.40 before settling at 85.48, marking a 10 paise decline from Wednesday’s close of 85.38. Anuj...

The Indian rupee opened stronger at 85.05 per US dollar on Monday (May 26), extending gains from Friday (May 23) amid broad weakness in the dollar and firm domestic equities.The currency began the session at 85.02 and briefly touched 84.85 in early trade, supported by the dollar’s slide and a rally in Asian currencies, especially the Chinese yuan which hit a seven-month high.What’s driving the rupee? The dollar index slipped 0.34% to 98.67, weighed down by global fiscal concerns and softer US trade rhetoric.Asian currencies gained across the board. The...

Rupee depreciated by 37 paise to close at 85.96 (provisional) against the US dollar on Thursday, pressured by strong dollar demand from importers and foreign banks, along with a surge in crude oil prices. Forex traders highlighted that surging US bond yields are unsettling global investors. "Moreover, the narrowing yield differential between India and the US is making Indian assets less attractive," they noted. Elevated crude oil prices, driven by rising geopolitical tensions in the Middle East, further dampened investor sentiment. At the interbank foreign exchange market, the rupee opened...

The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar's descent.First, the likelihood of US President reaching trade deals with multiple countries he's imposed tariffs on has raised the risk appetite in the market for other currencies considered less safe than the greenback. At the same time, the slump in the US economy has increased the odds of interest rate cuts by the US Fed. Will these trends continue? If yes,...

Rupee appreciated by 74 paise to 84.62 against the US dollar in early trade on Tuesday, buoyed by easing geopolitical tensions and optimism from the US-China tariff truce. Forex dealers attributed the rally to renewed foreign investor confidence in Indian assets, following positive developments on both regional and global fronts. “The easing of cross-border tension between India and Pakistan, along with the recent US-China trade deal, has improved market sentiment,” a dealer noted. On Saturday, India and Pakistan agreed to cease all hostilities across land, air and sea borders with...

The Indian rupee extended its fall on Friday, declining by 30 paise against the US dollar, as intensifying geopolitical tensions between India and Pakistan sparked risk-off sentiment in the market. Increased demand for the US dollar also dented investor sentiments.Rupee depreciated 30 paise to open at 85.88 against the greenback on Friday. The local currency saw its steepest single-day fall in more than two-and-a-half years in the previous session and settled 81 paise lower at 85.58 against the US dollar on.The India-Pakistan conflict, stronger dollar, rise in crude oil prices...

Rupee on Friday climbed to a seven-month high, briefly breaching the 84-per-dollar mark, buoyed by sustained foreign fund inflows and strong domestic economic indicators. However, it failed to hold onto the gains and ended the day just 1 paisa stronger at 84.53 against the US dollar. In a session marked by volatility, the rupee touched an intra-day high of 83.76 — its strongest level since October 2024 — before slipping back. It opened at 83.98 and moved in a range of 83.76 to 84.55 through the day. Traders attributed the...

Rupee jumped 25 paise to 85.08 against the US dollar in early trade on Friday, buoyed by robust foreign fund inflows and positive remarks from the US Treasury Secretary indicating India could be the first to sign a trade tariff treaty with the US. Forex analysts noted that India is emerging as a symbol of “quiet strength,” supported by improving macroeconomic fundamentals and increasing global interest. The Reserve Bank of India, in its latest bulletin, highlighted the country’s growing economic resilience, pointing to diversified trade ties and favourable market sentiment....

Rupee traded in a narrow band and slipped 4 paise to 85.19 against the US dollar in early trade on Tuesday, as gains from upbeat domestic equities were offset by dollar short-covering among investors. Forex analysts noted ongoing concerns about global economic headwinds stemming from tariffs and US monetary policy, which could dampen overall demand. At the interbank foreign exchange market, the rupee opened at 85.11 and later declined to 85.19 against the US dollar, marking a 4 paise drop from its previous close. On Monday, the rupee had gained...