Rupee falls 18 paise to 7443 against US dollar in early trade \
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Rupee falls 18 paise to 7443 against US dollar in early trade

18-Jan-2022
Mumbai Jan 18 PTI The rupee declined by 18 paise to 7443 against the US dollar in opening trade on Tuesday as strong American currency and elevated crude oil prices weighed on investor sentimentsForex traders said muted domestic equities and dollar buying by banks on behalf of importers also dragged the local unit downAt the interbank foreign exchange the rupee opened weak at 7436 against the US dollar then fell further to 7443 against the greenback in early deals registering a decline of 18 paise from the last closeOn Monday the rupee declined by 10 paise to close at 7425 against the US currencyMeanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies advanced by 011 per cent to 9536The USD looks stronger and is expected to move higher after finding support at 9450 Flows are there in the market which will keep the rupee depreciation slow as we approach the Federal Open Market Committee FOMC meeting on January 26 and the Union Budget on February 1 said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Meanwhile global oil benchmark Brent crude futures jumped by 094 per cent to USD 8729 per barrelOn the domestic equity market front the 30-share Sensex was trading 16049 points or 026 per cent lower at 6114842 while the broader NSE Nifty declined 7750 points or 042 per cent to 1823060Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 85547 crore as per exchange data PTI BAL
18-Jan-2022 National
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Rupee slips 16 paise to 7455 against US dollar in early trade \
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Rupee slips 16 paise to 7455 against US dollar in early trade

23-Nov-2021
Mumbai Nov 23 PTI The Indian rupee depreciated by 16 paise to 7455 against the US dollar in opening trade on Tuesday as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment At the interbank foreign exchange the rupee opened on a weak note at 7448 then lost further ground and touched 7455 against the American dollar registering a decline of 16 paise from the last close On Monday the rupee had closed at 7439 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies rose by 001 per cent to 9655 According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors USD-INR has not been able to cross 7455 But the way the dollar index has risen we should see it rising towards 75 levels with month-end approaching he said Bhansali further noted that the stock markets are in falling mode and the Nifty is expected to go up to 16000 before we start the next bull run Exporters may sell for cash and very far term so that they do not lose out on premiums But may wait for short and medium term for 7500 levels Bhansali said adding that importers are likely to keep hedging every dip near 7420 and 7430 Meanwhile global oil benchmark Brent crude futures declined 045 per cent to USD 7934 per barrel Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 343876 crore as per exchange data On the domestic equity market front the 30-share Sensex was trading 24572 points or 042 per cent lower at 5822017 while the broader NSE Nifty declined 5030 points or 029 per cent to 1736625 PTI DRR DRR ANS ANS
23-Nov-2021 National
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Rupee rises 15 paise against US dollar in early trade \
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Rupee rises 15 paise against US dollar in early trade

29-Oct-2021
Mumbai Oct 29 PTI The rupee surged 15 paise to 7477 against the US dollar in opening trade on Friday on expectation of better inflows into high profile initial public offerings IPOs At the interbank foreign exchange the rupee opened strong at 7478 against the dollar and inched further to 7477 in early deals a rise of 15 paise over its previous close On Wednesday the rupee had settled at 7492 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 008 per cent to 9341 Global oil benchmark Brent crude futures rose 023 per cent to USD 8451 per barrel On the domestic equity market front BSE Sensex was trading 272 points higher at 5998742 while the broader NSE Nifty advanced 950 points or 005 per cent to 1786675 Foreign institutional investors were net sellers in the capital market Thursday as they offloaded shares worth Rs 381851 crore as per exchange data According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors rupee moving in a range of 7470 - 7520 The US data was lower than expectation yesterday with GDP coming at 2 per cent against expectation of 27 per cent Rupee is likely to remain in 74607500 range as NYKKA and Policy Bazaar inflows hit the market Exporters to sell only near to 7500 and importers to buy near 7470 for their near term exposures Bhansali said PTI DRR ANS ANS
29-Oct-2021 National
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Rupee inches 5 paise higher to 7503 against US dollar in early trade \
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Rupee inches 5 paise higher to 7503 against US dollar in early trade

26-Oct-2021
Mumbai Oct 26 PTI The Indian rupee inched higher by 5 paise to 7503 against the US dollar in opening trade on Tuesday amid a positive trend in domestic equities At the interbank foreign exchange the rupee opened at 7505 against the dollar then rose to 7503 registering an increase of just 5 paise over its previous close The rupee on Monday had settled at 7508 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 010 per cent to 9390 Crude and USD 10-year yields are stable Evergrande crisis has also calmed down Market is now waiting for what the US Fed has to say on November 3 said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Meanwhile exporters can sell near 751520 for their near-term exports while importers may buy near 7490 Bhansali said adding expecting some inflows of the two IPOs starting in the weekend Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 245910 crore as per exchange data On the domestic equity market front BSE Sensex was trading 34813 points or 057 per cent higher at 6131518 while the broader NSE Nifty advanced 11515 points or 064 per cent to 1824055 Global oil benchmark Brent crude futures rose 024 per cent to USD 8620 per barrel PTI DRR ANS ANS
26-Oct-2021 National
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Rupee inches 3 paise higher to 7485 against US dollar in early trade \
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Rupee inches 3 paise higher to 7485 against US dollar in early trade

21-Oct-2021
Mumbai Oct 21 PTI The Indian rupee inched higher by 3 paise to 7485 against the US dollar in opening trade on Thursday At the interbank foreign exchange the rupee opened at 7486 against the dollar then inched higher to 7485 registering a rise of just 3 paise over its previous close The rupee on Wednesday had surged by 47 paise to close at a nearly two-week high of 7488 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 001 per cent to 9356 According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors a higher oil price is not allowing the pair to come to lower levels For the day 7460 to 7500 should hold with an opening at 7490 Bhansali further noted that the oil companies may step in to buy dollars Importers to hedge their near term while exporters may await for higher levels to sell he said Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 184309 crore as per exchange data On the domestic equity market front BSE Sensex was trading 12252 points or 020 per cent lower at 6113744 while the broader NSE Nifty declined 15 points or 008 per cent to 1825160 Global oil benchmark Brent crude futures fell 022 per cent to USD 8563 per barrel PTI DRR ANS ANS
21-Oct-2021 National
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Rupee falls 22 paise to 7436 against US dollar in early trade \
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Rupee falls 22 paise to 7436 against US dollar in early trade

30-Sep-2021
Mumbai Sep 30 PTI The Indian rupee depreciated 22 paise to 7436 against the US dollar in opening trade on Thursday amid a muted trend in domestic equities At the interbank foreign exchange the rupee opened on a weak note at 7428 then fell further to 7436 against the dollar registering a decline of 22 paise from the last close In the previous session on Wednesday the rupee had settled at 7414 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 005 per cent to 9429 As the shortage of certain commodities affect the US the UK and China its effects can be seen on emerging market currencies and to some extent on equities said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors Bhansali further said that the US dollar spiked up by 60 paise in two days and the rupee still looks vulnerable to the vagaries Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 189602 crore as per exchange data On the domestic equity market front the 30-share Sensex was trading 4918 points or 008 per cent lower at 5936409 The broader NSE Nifty was trading 2085 points or 012 per cent down at 1769045 Global oil benchmark Brent crude futures declined 034 per cent to USD 7837 per barrel PTI DRR ANS ANS
30-Sep-2021 National
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Rupee slips 13 paise to 7419 against US dollar in early trade \
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Rupee slips 13 paise to 7419 against US dollar in early trade

29-Sep-2021
Mumbai Sep 29 PTI The Indian rupee declined 13 paise to 7419 against the US dollar in opening trade on Wednesday tracking a muted trend in domestic equities At the interbank foreign exchange the rupee opened at 7418 against the dollar then fell further to 7419 registering a fall of 13 paise over its previous close On Tuesday the rupee had settled at 7406 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading down 006 per cent at 9371 On the domestic equity market front the BSE Sensex was trading 30788 points or 052 per cent lower at 5935972 while the broader NSE Nifty declined 8310 points or 047 per cent to 1766550 Meanwhile foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 195770 crore as per exchange data Global oil benchmark Brent crude futures fell 132 per cent to USD 7805 per barrel As the US yields rise dollar index rises and so do oil prices said Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors According to Bhansali rupee is expected to remain in the range of 7390 to 7440 Quarter-end selling from IT companies and MSCI rebalancing should come as RBI endures to cap the volatility in the currency he noted PTI DRR DRR ANS ANS
29-Sep-2021 National
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Rupee slips 11 paise to 7372 against US dollar in early trade \
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Rupee slips 11 paise to 7372 against US dollar in early trade

22-Sep-2021
Mumbai Sep 22 PTI The Indian rupee depreciated 11 paise to 7372 against the US dollar in opening trade on Wednesday tracking a strong greenback in the overseas market Forex traders said a positive trend in domestic equities and sustained foreign fund inflows supported the rupee but firm crude oil prices and broad strength in the US dollar index dragged the local unit down At the interbank foreign exchange the rupee opened at 7370 against the dollar then fell further to 7372 registering a decline of 11 paise from the last close In the previous session on Tuesday the rupee had settled at 7361 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 008 per cent to 9327 Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 104192 crore as per exchange data According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors fund flows into the market are good enough but getting absorbed by the RBI All are watching out for todays US Fed meeting with great interest Exporters will sell near to 7380 and importers will buy near to 7350 Bhansali noted The US Fed meeting outcome will be announced later in the day Forex traders are awaiting cues on taper timeline and US Feds new projections on interest rates On the domestic equity market front the 30-share index was trading 16486 points or 028 per cent higher at 5917013 Similarly the broader NSE Nifty was trading 4445 points or 025 per cent up at 1760645 Global oil benchmark Brent crude futures advanced 102 per cent to USD 7512 per barrel PTI DRR ANS ANS
22-Sep-2021 National
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Rupee surges 15 paise to 7359 against US dollar in early trade \
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Rupee surges 15 paise to 7359 against US dollar in early trade

21-Sep-2021
Mumbai Sep 21 PTI The Indian rupee appreciated 15 paise to 7359 against the US dollar in opening trade on Tuesday tracking the weakness of the American currency in the overseas market At the interbank foreign exchange the rupee opened at 7374 against the dollar then edged higher to 7359 up 15 paise over its previous close On Monday the rupee had settled at 7374 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 009 per cent to 9319 Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 9254 crore as per exchange data On the domestic equity market front BSE Sensex was trading 7395 points or 013 per cent lower at 5841698 while the broader NSE Nifty declined 130 points or 001 per cent to 1739560 Meanwhile global oil benchmark Brent crude futures rose 088 per cent to USD 7457 per barrel According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors the Federal Open Market Committee FOMC starting Tuesday should give some direction to the range-bound market by tomorrow morning Exporters to keep selling the uptick while importers may get a chance to buy below 7350 level Bhansali said PTI DRR ANS ANS
21-Sep-2021 National
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Rupee inches 4 paise higher to 7325 against US dollar in early trade \
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Rupee inches 4 paise higher to 7325 against US dollar in early trade

31-Aug-2021
Mumbai Aug 31 PTI The Indian rupee appreciated 4 paise to 7325 against the US dollar in opening trade on Tuesday tracking a positive trend in domestic equities At the interbank foreign exchange the rupee opened at 7326 against the dollar then inched higher to 7325 up 4 paise over its previous close On Monday the rupee had settled at 7329 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was down 012 per cent at 9254 A strong rally in the domestic equity markets and a weak American currency in the overseas markets also supported the rupee sentiment According to Anil Kumar Bhansali Head of Treasury Finrex Treasury Advisors the rupee which has appreciated nearly 100 paise since Friday has been gaining on bountiful corporate inflows RBI has been present intermittently and equity inflows have also been aiding the rupee after FED rhetoric on Friday he added The US Fed chief Jerome Powells speech at Jackson Hole Symposium was dovish and expressed hope that the Fed will keep supporting the market with low interest rates traders said Global oil benchmark Brent crude futures fell 048 per cent to USD 7306 per barrel On the domestic equity market front BSE Sensex was trading 8709 points or 015 per cent higher at 5697685 while the broader NSE Nifty advanced 2155 points or 013 per cent to 1695260 Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 120281 crore as per exchange data PTI DRR ANS ANS
31-Aug-2021 National
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