Mumbai Mar 25 PTI The rupee advanced 18 paise to 7615 against the US dollar in the opening trade on Friday tracking the weakness of the American currency in the overseas marketAt the interbank foreign exchange the rupee opened at 7615 against the US dollar registering a rise of 18 paise from the previous close even as the domestic equities were trading in the negative territoryIn the previous session the rupee had appreciated 6 paise to settle at 7633 against the US dollarGlobal oil benchmark Brent crude futures rose 022 per cent to USD 11929 per barrelMeanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies fell 033 per cent to 9846On the domestic equity market front the 30-share Sensex was trading 14088 points or 024 per cent lower at 5745480 while the broader NSE Nifty slipped 3950 points or 023 per cent to 1718325Foreign institutional investors remained net sellers in the capital market on Thursday as they sold shares worth Rs 174071 crore according to stock exchange data PTI DRR DRR BAL BAL

Mumbai Mar 24 PTI The rupee appreciated 6 paise to close at 7633 against the US dollar in a restricted trade on Thursday as investors assess the global economic impact of the Russia-Ukraine conflict amid elevated global crude oil prices to find a decisive directionA weak trend in domestic equities and strengthening US dollar in the overseas market capped the gains in the domestic unit forex traders saidAt the interbank forex market the local unit opened slightly up at 7637 against the greenback During the session it moved in a tight range of 7624 and 7641The rupee finally settled at 7633 a rise of 6 paise over its previous closeThe Indian rupee is seen trading sideways as it is reacting to several cues the major one being the strong rebound in crude oil prices due to declining inventories supply disruptions due to a storm and prospects of further sanctions on Russia said Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking Ltd Global oil markets are portraying significant tightness and are heavily backward dated Still worries about demand destruction due to the rising COVID-19 cases in China are capping gains at higher levels Sachdeva added Besides the strength in the US dollar amid bets of an aggressive pace of rate hike path during 2022 and lingering uncertainty due to the ongoing geopolitical crisis is also weighing on the domestic currency However retreat in domestic equities from days low lent some support to the rupee-dollar exchange rate We anticipate the Indian rupee to trade with a sideways bias in the range of 7550-7660 in the coming days Sachdeva noted According to Anindya Banerjee VP Currency Derivatives Interest Rate Derivatives at Kotak Securities Ltd Month-end corporate USD sales are not allowing USDINR to move higher At the same time bids from oil marketing companies are keeping USDINR well supported near 76 levels We could be in for a range between 76 and 77 till March-endMeanwhile the dollar index which measures the greenbacks strength against a basket of six currencies rose 018 per cent to 9879Brent crude futures the global oil benchmark slipped 012 per cent to USD 12145 per barrelOn the domestic equity market front the BSE Sensex ended 8914 points or 015 per cent lower at 5759568 while the broader NSE Nifty fell 2290 points or 013 per cent to 1722275Foreign institutional investors remained net buyers in the capital market on Wednesday as they purchased shares worth Rs 48133 crore according to stock exchange data PTI DRR DRR BAL BAL

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 Mar 22 PTI The rupee pared its initial losses to settle flat at 7618 provisional against the American currency on Tuesday tracking a positive trend in domestic equitiesAt the interbank foreign exchange the rupee opened sharply lower at 7639 against the US dollar However it recovered all its losses to closed at 7618During the day the local unit witnessed heavy volatility amid concerns over global oil supplies and saw an intra-day high of 7610 and a low of 7648On Monday the rupee slumped 34 paise to close at 7618 against the US dollarExperts believe the volatility will persist till the war situation between Russia and Ukraine and crude price stabiliseGlobal oil benchmark Brent crude futures fell 150 per cent to USD 11318 per barrelMeanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 025 per cent to 9874On the domestic equity market front the 30-share Sensex ended 69681 points or 122 per cent higher at 5798930 while the broader NSE Nifty advanced 19790 points or 116 per cent to 1731550Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 296212 crore according to stock exchange data PTI DRR DRR BAL BAL

Mumbai Dec 30 PTI The rupee surged 29 paise to close at 7442 provisional against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equitiesAt the interbank forex market the local unit opened strong at 7456 against the greenback and witnessed an intra-day high of 7438 and a low of 7465 It finally settled at 7442 a rise of 29 paiseIn the previous session the rupee had settled just one paisa lower at 7471 against the US dollarRupee after Wednesdays pause started heading north to monthly high on expectation of better inflows going ahead and dollar selling from exporters on year-end Central banks remain aside from intervening and technical selling has been seen accelerated in USDINR on breaking of support 7450 said Dilip Parmar- Research Analyst HDFC SecuritiesOn the domestic equity market front the BSE Sensex ended 1217 points or 002 per cent lower at 5779432 while the broader NSE Nifty declined 965 points or 006 per cent to 1720395Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 026 per cent to 9618Brent crude futures the global oil benchmark fell 068 per cent to USD 7869 per barrelForeign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 97523 crore as per exchange data PTI DRR DRR BAL BAL

Mumbai Dec 28 PTI Continuing its gain for the ninth trading session in a row the rupee surged 34 paise to close at 7466 provisional against the US dollar on Tuesday tracking positive domestic equities amid a rising appetite for high-risk assetsAt the interbank forex market the local unit opened at 7495 against the greenback and witnessed an intra-day high of 7460 and a low of 7495In the previous session the rupee appreciated 3 paise to 75 against the US dollarPositive moves in Indian equity indices and stronger Asian currencies aided sentiments forex traders said adding that trading is likely to remain range-bound this week ahead of the year-end holidaysHowever Omicron worries and firm crude oil prices restricted the appreciation bias of the local unit to some extentOn the domestic equity market front the BSE Sensex ended 47724 points or 083 per cent higher at 5789748 while the broader NSE Nifty advanced 147 points or 086 per cent to 1723325Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies fell 008 per cent to 9602Brent crude futures the global oil benchmark rose 057 per cent to USD 7905 per barrelForeign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 103825 crore as per stock exchange data PTI DRR DRR BAL BAL

Mumbai Dec 27 PTI Rising for the eighth straight session the rupee on Monday pared initial losses to settle 3 paise higher at 75 provisional against the US dollar amid a firm trend in domestic equitiesAt the interbank forex market the local unit opened at 7515 against the greenback and witnessed an intra-day high of 7495 and a low of 7516It finally settled at 75 showing a gain of 3 paise against the previous closeTrading is likely to remain range-bound this week ahead of the year-end holidays forex traders saidMoreover a strong US dollar and firm crude oil prices restricted the rupee uptrendOn the domestic equity market front the BSE Sensex ended 29593 points or 052 per cent higher at 5742024 while the broader NSE Nifty advanced 8250 points or 049 per cent to 1708625Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 021 per cent to 9621Brent crude futures the global oil benchmark fell 001 per cent to USD 7613 per barrelForeign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 715 crore as per exchange data PTI DRR DRR BAL BAL

Mumbai Nov 23 PTI The rupee recovered most of its initial losses and settled 4 paise down at 7443 provisional against the US dollar on Tuesday tracking a positive trend in domestic equities and easing crude oil pricesAt the interbank forex market the local unit opened at 7448 against the greenback and witnessed an intra-day high of 7438 and a low of 7457It finally ended at 7443 against the American currency registering a fall of just 4 paise over its previous close of 7439Indian rupee recovered opening loss and ended on a flat note after a short-covering bounce in domestic equities Strength in Asian currencies lower crude oil price and steady dollar index supported the local unit Dilip Parmar Research Analyst HDFC Securities saidParmar further added that spot USDINR is expected to consolidate in a narrow range of 74 to 7470 amid mixed global and domestic signalsThere were foreign fund outflows from the secondary market dollar index heading higher and at the same time we could see the central bank selling dollars for month-end dollar demands he saidOn the domestic equity market front the BSE Sensex ended 19844 points or 034 per cent higher at 5866433 while the broader NSE Nifty rose 8680 points or 05 per cent to 1750335Brent crude futures the global oil benchmark fell 097 per cent to USD 7893 per barrelThe dollar index which gauges the greenbacks strength against a basket of six currencies declined 014 to 9641Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 343876 crore on Monday according to exchange data PTI DRR DRR BAL BAL