Mumbai Apr 26 PTI Snapping its two-day losing streak the rupee rose by 4 paise to 7660 against the US dollar on Tuesday following a rebound in regional currencies and domestic equities However the appreciation bias in the local unit will be capped in the near-term amid fears about the economic impact of Chinas COVID-19 lockdowns and an aggressive pace of the US rate hikes traders said At the interbank forex market the rupee opened at 7648 against the greenback and moved in a range of 7643 to 7669 in the day trade The rupee traded at 7660 at 1530hrs higher by 4 paise over its previous close of 7664 Indian rupee inched up after two days of sharp sell-off following rebound in regional currencies and domestic equities The fall in crude oil and commodity prices and expectations of foreign fund inflows from LIC IPO supported the rupee said Dilip Parmar Research Analyst HDFC Securities However the local unit is still not out of the woods as strength in the dollar against major currencies weaker economic growth higher inflation are likely to limit the gains Broadly spot USDINR is expected to trade in the range of 76 to 77 while near term directions will be followed by risk moods and movement in Chinese yuan Parmar said On the domestic equity market front the BSE Sensex ended 77672 points or 137 per cent higher at 5735661 while the broader NSE Nifty jumped 24685 points or 146 per cent to 1720080 Brent crude futures the global oil benchmark fell 049 per cent to USD 10182 per barrel The dollar index which gauges the greenbacks strength against a basket of six currencies surged 006 per cent to 10181 Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 330285 crore as per stock exchange data PTI DRR MR

Mumbai Mar 23 PTI The rupee pared initial gains to settle 14 paise lower at 7632 provisional against the US dollar on Wednesday due to month-end dollar demand from importers and rising crude prices amid geopolitical uncertaintiesAt the interbank foreign exchange market the rupee opened strong at 7608 against the American currency but could not hold the momentum and entered negative territory during the sessionThe domestic unit finally settled at 7632 against the greenback down 14 paise from the previous closeOn Tuesday the rupee had settled flat at 7618 against the American currencyIndian rupee depreciated for the third day in a row following dollar demands from importers ahead of the month and financial year-end and rebound in crude oil prices said Dilip Parmar Research Analyst HDFC SecuritiesParmar further added that global financial markets have been searching for clear direction on the back of ongoing geopolitical uncertainties The US Feds hawkish bet has been supporting gain in the dollarThe dollar index which gauges the greenbacks strength against a basket of six currencies was trading 014 per cent higher at 9863Global oil benchmark Brent crude futures jumped 216 per cent to USD 11797 per barrelOn the domestic equity market front the 30-share Sensex ended 30448 points or 053 per cent lower at 5768482 while the broader NSE Nifty fell 6985 points or 04 per cent to 1724565Foreign institutional investors emerged as net buyers in the capital market on Tuesday as they purchased shares worth Rs 38448 crore according to stock exchange data PTI DRR DRR BAL BAL

Mumbai Jan 20 PTI The Indian rupee weakened by 7 paise to close at 7451 against the US dollar on Thursday as sustained foreign fund outflows and rising crude oil prices hurt forex market sentiment Further massive sell-offs in domestic equities for a third session in a row on Thursday too made investors more cautious analysts said At the interbank foreign exchange market the local currency opened at 7443 against the greenback and witnessed an intra-day high of 7429 and a low of 7453 during the session The rupee finally settled at 7451 down 7 paise over its previous close of 7444 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 002 per cent up at 9553 Meanwhile Brent crude futures the global oil benchmark rose 044 per cent to USD 8811 per barrel The Indian rupee was unable to hold morning gains following FPI outflows higher crude oil prices and weaker domestic equities Risk sentiments failed to stabilise despite treasury yields retreating from multi month high Dilip Parmar Research Analyst HDFC Securities Parmar further noted that we remain bullish on USDINR and level above 7470 will lead to 75 in coming days the said view remains intact until it holds 7425 According to Jateen Trivedi Senior Research Analyst at LKP Securities the rupee traded in range-bound sessions as the US dollar and Crude oil prices were in range Markets await the next important event of US Feds first policy of 2022 due on January 25-26 where after the dollar is likely to pick a positive trend on the basis of anticipated hawkish tone Trivedi said adding that rupee can be seen in range of 7425-7475 On the domestic equity market front the BSE Sensex ended 63420 points or 106 per cent lower at 5946462 while the broader NSE Nifty declined 18140 points or 101 per cent to 1775700 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 270477 crore as per stock exchange data PTI DRR MKJ

New Delhi Jan 19 PTI Silver prices spurted by Rs 1603 per kg while gold was marginally up in the local market here on Wednesday amid a weaker rupee according to HDFC Securities Gold prices inched up by Rs 16 to Rs 47878 per 10 grams In the previous trade the precious metal had settled at Rs 47862 per 10 gramGold prices traded slightly higher following a weak rupee according to Dilip Parmar Research Analyst HDFC securities Silver jumped Rs 1603 to Rs 63435 per kg from Rs 61832 per kg in the previous trade The rupee declined by 12 paise to 7470 against the US dollar in opening trade on Wednesday In the international market gold was trading marginally up at USD 181494 per ounce and silver was flat at USD 2364 per ounceGold prices have been steady around USD 1800 lacking fresh triggers for directional trend he added PTI SUM MR

Mumbai Nov 25 PTI The rupee declined by 12 paise to close at 7452 against the US currency on Thursday amid month-end dollar demand and foreign fund outflows from equity and debt markets At the interbank foreign exchange market the local currency opened at 7455 and witnessed a high of 7447 and a low of 7458 against the US dollar The local unit finally settled at 7452 down 12 paise over its previous close On Wednesday the rupee had closed at 7440 Rupee depreciated after two days of consolidation amid month-end dollar demand and foreign fund outflows from equities and debt markets said Dilip Parmar Research Analyst HDFC Securities Lacklustre price actions have been seen in the global forex market following the US holiday while the rupee traded on the backfoot as month-end dollar demand and dollar outflows from equity and debt weighed Parmar said Recovery in risk-on sentiments and series of IPOs lined up in coming months will limit the lower side in the event of stronger dollar index and crude oil prices Spot USD-INR is expected to trade in the range of 74 to 7470 Parmar noted With US markets shut for the Thanksgiving holiday volatility has been low For the near-term USDINR is expected to trade within a range of 7430 and 7475 levels said Anindya Banerjee DVP Currency Derivatives Interest Rate Derivatives at Kotak Securities Sriram Iyer Senior Research Analyst at Reliance Securities said the rupee depreciated after the FOMC minutes showed that Fed officials agreed to begin reducing its pandemic relief of USD 120 billion in monthly purchases with a timeline that would see them tapered completely by next June Asian currencies were mixed while the dollar and the benchmark bond yield eased on Thursday in the European session and lent support Additionally weaker crude oil prices capped depreciation bias Iyer noted Brent crude futures the global oil benchmark declined by 036 per cent to USD 8195 per barrel On the domestic equity market front the BSE Sensex ended 45410 points or 078 per cent higher at 5879509 while the broader NSE Nifty advanced 12120 points or 07 per cent to 1753625 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 020 per cent down at 9668 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 512265 crore as per exchange data PTI DRR MR MR

Mumbai Nov 25 PTI The rupee slumped 12 paise to end at 7452 provisional against the US currency on Thursday amid month-end dollar demand and foreign fund outflows from equity and debt markets At the interbank foreign exchange market the local currency opened at 7455 and witnessed a high of 7447 and a low of 7458 against the US dollar The local unit finally settled at 7452 down 12 paise over its previous close On Wednesday the rupee had closed at 7440 Rupee depreciated after two days of consolidation amid month-end dollar demand and foreign fund outflows from equities and debt markets said Dilip Parmar Research Analyst HDFC Securities Lacklustre price actions have been seen in the global forex market following the US holiday while the rupee traded on the backfoot as month-end dollar demand and dollar outflows from equity and debt weighed Parmar said Recovery in risk-on sentiments and series of IPOs lined up in coming months will limit the lower side in the event of stronger dollar index and crude oil prices Spot USD-INR is expected to trade in the range of 74 to 7470 Parmar noted Meanwhile Brent crude futures the global oil benchmark declined by 036 per cent to USD 8195 per barrel On the domestic equity market front the BSE Sensex ended 45410 points or 078 per cent higher at 5879509 while the broader NSE Nifty advanced 12120 points or 07 per cent to 1753625 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 020 per cent down at 9668 Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 512265 crore as per exchange data PTI DRR DRR ABM ABM

Mumbai Oct 18 PTI The rupee ended 9 paise lower at 7535 against the US dollar on Monday tracking a stronger greenback against key rivals overseas and rising global crude oil prices At the interbank forex market the local unit opened on a steady note and later traded in a narrow range of 7524 to 7538 against the American currency On Thursday the rupee had settled at 7526 against the US dollar The forex market was closed on Friday for Dussehra holiday Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was up 019 per cent at 9412 Brent crude futures the global oil benchmark rose 111 per cent to USD 8580 per barrel On the domestic equity market front the BSE Sensex surged 45959 points or 075 per cent to end at 6176559 while the broader NSE Nifty jumped 13850 points or 076 per cent to settle at 1847705 Foreign institutional investors remained net buyers in the capital market on Thursday as they purchased shares worth Rs 168160 crore as per exchange data Dilip Parmar Research Analyst at HDFC Securities said the rupee started the week on a backfoot ignoring strong gains in domestic equities as traders gave more importance to rising crude oil prices and the US Treasury Yields Brent crude oil prices stayed above USD 85 per barrel while US 10 Year benchmark bond yield quoted above 160 per cent On Domestic bourses trading volume remained light following holiday on Tuesday however the direction remains downward for the rupee after trade deficit data In near term spot USDINR is having resistance around 7570 level and support around 7490 Jateen Trivedi Senior Research Analyst at LKP Securities said Rupee traded in a narrow range between 7425-7440 as higher crude prices kept the pressure in rupee Going ahead rupee range can be seen between 7425-7475 PTI MKJ MR MR

Mumbai Sep 28 PTI The rupee tumbled 23 paise to close at 7406 against the US dollar on Tuesday as weaker Asian peers and massive sell-offs in domestic equities weighed on investor sentimentBesides rising crude prices also put pressure on the rupee At the interbank foreign exchange market the local currency opened at 7379 and witnessed an intra-day high of 7373 and a low of 7412 against the US dollar in day trade The local unit finally settled at 7406 a dollar down 23 paise over its previous closeThe dollar index which gauges the greenbacks strength against a basket of six currencies was trading 026 per cent higher at 9362 According to Dilip Parmar Research Analyst HDFC Securities the Indian rupee depreciated following global risk-off moods tracking cues from a sharp surge in bond yields ahead of Fed Powells testimony The rise in global bond yields is likely to support safe-haven currencies as Powell may flag upside risks to inflation in his testimony Looking ahead a light data docket awaits highlighted by the latest US consumer confidence figures while Fed Chair Powell heads to Capitol Hill Parmar said Meanwhile Brent crude futures the global oil benchmark advanced 089 per cent to USD 8024 per barrel On the domestic equity market front the BSE Sensex ended 41028 points or 068 per cent lower at 5966760 while the broader NSE Nifty declined 10650 points or 06 per cent to 1774860 The Indian Rupee extended losses for the third straight session on Tuesday against the dollar following further upside in long-term US Treasury yields and soaring crude oil prices said Sriram Iyer Senior Research Analyst at Reliance Securities Emerging market and most Asian currencies also weakened this Tuesday while weakness in the local equities also rubbed on the local unit In the overseas markets the US Dollar Index rose this afternoon trade in Asia tracking the rising bond yields US Treasury yields have moved higher after three Fed officials on Monday solidified expectations that the US central bank will begin reducing the pace of bond purchases at the November meeting The rupee traded weak on the back of sell-off witnessed in capital markets majorly in Financial and IT The crude and natural gas prices scaling new highs made the rupee weaker below 7400 Jateen Trivedi Senior Research Analyst at LKP Securities said adding that going ahead the weak trend in the rupee can continue Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 59463 crore as per exchange data PTI DRR BAL