Mumbai Apr 27 PTI The rupee depreciated 16 paise to 7672 against the US dollar in opening trade on Wednesday weighed down by the strength of the greenback and unabated foreign fund outflows At the interbank foreign exchange the rupee opened at 7669 against the American dollar then lost ground to quote at 7672 registering a fall of 16 paise from the last close On Tuesday the rupee settled at 7656 against the dollar The rupee opened weaker against the dollar on Wednesday as the American currency continued its upward trajectory said Sriram Iyer Senior Research Analyst at Reliance Securities Asian and emerging market peers were mixed however hopes of stimulus from China could cap depreciation bias of the peers and aid sentiments for the local unit Iyer said The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 005 per cent higher at 10234 The US dollar strengthened as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback Iyer noted On the domestic equity market front the 30-share Sensex was trading 39212 points or 068 per cent lower at 5696449 while the broader NSE Nifty declined 12625 points or 073 per cent to 1707455 Global oil benchmark Brent crude futures rose 027 per cent to USD 10527 per barrel Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 117405 crore as per stock exchange data PTI DRR ANU ANU

Mumbai Apr 26 PTI The rupee appreciated 19 paise to 7645 against the US dollar in opening trade on Tuesday tracking positive trends among Asian and emerging market currencies At the interbank foreign exchange the rupee opened at 7648 against the American dollar then gained further ground to quote at 7645 registering a rise of 19 paise from the last close On Monday the rupee declined by 22 paise to close at 7664 against the US dollar The Indian rupee opened stronger against the US dollar this Tuesday as US bond yields and dollar eased from their elevated levels said Sriram Iyer Senior Research Analyst at Reliance Securities Moreover Asian and emerging market peers were slightly stronger on Tuesday while a small recovery in the Asian equities could aid sentiments Iyer added The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 021 per cent lower at 10154 The US dollar has started flat to marginally weaker this early Tuesday morning in Asian trade tracking a slightly weaker bond yield However downside could be capped on fears about the economic impact of Chinas COVID-19 lockdowns and an aggressive pace of US rate hikes Iyer noted On the domestic equity market front the 30-share Sensex was trading 70663 points or 125 per cent higher at 5728652 points while the broader NSE Nifty advanced 20665 points or 122 per cent to 1716060 Global oil benchmark Brent crude futures rose 133 per cent to USD 10368 per barrel 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 ANU ANU

Mumbai Apr 20 PTI Snapping its four-day losing streak the rupee appreciated by 20 paise to settle at 7630 against the US dollar on Wednesday tracking a weak greenback overseas and recovery in domestic equities However unabated foreign fund outflows capped the gains At the interbank forex market the domestic unit opened at 7641 against the US dollar and touched an intra-day high of 7616 and a low of 7652 It finally finished at 7630 registering a rise of 20 paise over its previous close The rupee is currently trading slightly higher today on overnight decline in crude oil prices and positive domestic equity markets Softer US Dollar is also supporting rupee said Praveen Singh AVP- Fundamental currencies and Commodities analyst Sharekhan by BNP Paribas Singh further said We expect Indian Rupee to decline again from higher levels as overall sentiments remain negative for Rupee Geopolitical tensions due to tensions between Russia and Ukraine may again put downside pressure on the Rupee Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading 060 per cent lower at 10035 The US Dollar is also expected to recover from lower levels as hawkish Federal Reserve and elevated US bond yields may continue to support the greenback Singh said On the domestic equity market front the 30-share BSE Sensex ended 57435 points or 102 per cent higher at 5703750 while the broader NSE Nifty surged 17790 points or 105 per cent to 1713655 Brent crude futures the global oil benchmark inched up 076 per cent to USD 10806 per barrel Foreign institutional investors continued their selling spree and offloaded shares worth a net Rs 300926 crore on Wednesday as per stock exchange data According to Sriram Iyer Senior Research Analyst at Reliance Securities the rupee appreciated against the US dollar on Wednesday following gains in local equities and a fall in the dollar and US bond yields Most major equity markets in Asia except China and Hong Kong rose while regional currencies were mixed against the greenback The dollar and US bond yields fell as most investors await the final public statement from Fed Chair Jerome Powell Traders will closely watch for any hints regarding future monetary policy Rupee traded strongly near 7630 compared to 7650 previously amid weakness in Crude and Commodities across the board The rupee has been volatile in a range of 7625-7660 either side break can give a fresh rally A break above 7620 will see a sharp rise toward 7600 said Jateen Trivedi Senior Research Analyst at LKP Securities PTI DRR ABM ABM

Mumbai Apr 20 PTI The rupee appreciated 19 paise to 7631 against the US dollar in opening trade on Wednesday tracking positive trends among Asian and emerging market currencies At the interbank foreign exchange the rupee opened at 7641 against the American dollar then gained further ground to quote at 7631 registering a rise of 19 paise from the last close On Tuesday the rupee depreciated by 21 paise to close at 7650 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 032 per cent lower at 10064 Expectations of quicker rate hike continued to push the dollar and the bond yields higher and will continue to weigh on sentiments Sriram Iyer Senior Research Analyst at Reliance Securities said Most emerging market and Asian peers were stronger against the US dollar this Wednesday morning and could boost investor sentiments On the domestic equity market front the 30-share Sensex was trading 39578 points or 070 per cent higher at 5685893 points while the broader NSE Nifty advanced 12570 points or 070 per cent to 1708435 points Global oil benchmark Brent crude futures rose 103 per cent to USD 10835 per barrel Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 587169 crore as per stock exchange data PTI DRR RAM

Mumbai Apr 19 PTI The rupee depreciated 6 paise to 7635 against the US dollar in opening trade on Tuesday weighed down by the strength of the greenback and significant foreign fund outflows At the interbank foreign exchange the rupee opened at 7634 against the American dollar then lost ground to quote at 7635 registering a fall of 6 paise from the last close On Monday The rupee depreciated for the third straight session to close 10 paise lower at 7629 against the US dollar The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 014 per cent higher at 10092 The Indian rupee opened weak and is expected to weaken against the US currency this Tuesday as the Federal Reserve interest rate outlook boosted the dollar index to its highest level since March 2020 said Sriram Iyer Senior Research Analyst at Reliance Securities Meanwhile crude remained strong whereas most Asian and emerging market peers have started weaker and could weigh on sentiments Iyer said However further depreciation could be capped as the RBI could be present to curb volatility Iyer added On the domestic equity market front the 30-share Sensex was trading 5703 points or 010 per cent lower at 5710971 while the broader NSE Nifty declined 365 points or 020 per cent to 1717000 Global oil benchmark Brent crude futures rose 051 per cent to USD 11374 per barrel Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 638745 crore as per stock exchange data PTI DRR HVA

Mumbai Apr 18 PTI The rupee declined 24 paise to 7643 against the US dollar in the opening trade on Monday tracking the strength of the dollar and elevated crude oil prices At the interbank foreign exchange the rupee opened on a muted note at 7641 against the American dollar then fell and touched an early low of 7643 in initial deals registering a fall of 24 paise over its previous close On Wednesday the rupee dipped 4 paise to close at 7619 against the US dollar The forex market was closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti and on Friday on account of Good Friday Meanwhile global oil benchmark Brent crude futures surged 097 per cent to USD 11278 per barrel The dollar index which gauges the greenbacks strength against a basket of six currencies rose 018 per cent to 10067 The US dollar has started stronger this early Monday morning in Asian trade as more hawkish comments from Federal Reserve officials reinforced expectations for faster US policy tightening Sriram Iyer Senior Research Analyst at Reliance Securities said Hawkish Fed officials and dovish European Central Bank ECB continued to push the dollar and the bond yields higher and will weigh on sentiments Emerging market and Asian peers were weaker against the US dollar this Monday morning and can weigh on sentiments Iyer noted On the domestic equity market front the 30-share Sensex was trading 94121 points or 161 per cent lower at 5739772 while the broader NSE Nifty declined by 24500 points or 14 per cent to 1723065 Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 206104 crore according to stock exchange data PTI DRR RAM

Mumbai Feb 18 PTI The rupee opened on a flat note against the US dollar in opening trade on Friday as caution set in amid worries about escalating Russia-Ukraine tensions At the interbank foreign exchange the rupee witnessed range-bound trade as it opened at 7503 against the US dollar saw an early high of 7502 and a low of 7505 against its previous close of 7506 Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies rose 001 per cent to 9580 Meanwhile global oil benchmark Brent crude futures fell by 054 per cent to USD 9247 per barrel Crude oil prices were weak this Friday morning and could lend support However possible escalation of tension in Eastern Europe could cap appreciation bias said Sriram Iyer Senior Research Analyst at Reliance Securities Markets could remain range-bound ahead of the weekly expiry Iyer said On the domestic equity market front the 30-share Sensex was trading 1634 points or 003 per cent higher at 5790835 while the broader NSE Nifty slipped 630 points or 004 per cent to 1729830 Foreign institutional investors remained net sellers in the capital market on Thursday as they offloaded shares worth Rs 124210 crore as per stock exchange data PTI DRR MKJ

Mumbai Jan 28 PTI The rupee snapped its three-day losing streak to close 2 paise higher at 7507 against the US dollar on Friday amid expectation of better dollar inflows from upcoming IPOs However the rebound in the rupee was restricted amid weakness in domestic equities analysts said Forex traders said geopolitical tensions elevated crude oil prices and hawkish US Fed stance also weighed on the local unit At the interbank foreign exchange market the rupee opened at 7512 a dollar and witnessed an intra-day high of 7488 and a low of 7513 The domestic unit finally settled at 7507 against the American currency up 2 paise over its last close of 7509 Meanwhile the US dollar index which measures the greenbacks strength against the basket of six currencies rose 011 per cent to 9735 The Indian rupee managed to stabilise after sharp sell-off in the last three days and retraced from one-month low on expectation of better dollar inflows from upcoming IPOs and position downsizing ahead of the Union Budget said Dilip Parmar Research Analyst HDFC Securities However stronger dollar index elevated energy price and higher bond yields could push local currency lower in the coming days Parmar added During this week the local currency has depreciated by 64 paise against the US dollar Brent crude futures the global oil benchmark advanced 049 per cent to USD 8978 per barrel On the domestic equity market front the BSE Sensex ended 7671 points or 013 per cent lower at 5720023 while the broader NSE Nifty declined 820 points or 005 per cent to 1710195 Foreign institutional investors remained net sellers in the capital market on Thursday as they offloaded shares worth Rs 626675 crore as per stock exchange data According to Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking the US Fed was slightly tilted on the hawkish side and markets were spooked on prospects of more-than-expected interest rate increases that boosted the dollar index Inflation outlook in the US has worsened amid supply-side bottlenecks while the recently released strong GDP data for 2021 has underpinned the US Feds hawkish stance Sachdeva said adding that markets are also considering prospects of five rate hikes in 2022 and also speculate a more-than- 25 bps rate increase in March A strong dollar geopolitical tensions between Russia-Ukraine the relentless rise in crude oil prices are going to be headwinds for the rupee over the long-term However in the near-term we do see an appreciation bias setting in for the rupee Sachdeva said Gaurang Somaiyaa Forex Bullion Analyst Motilal Oswal Financial Services said Rupee rose after falling in the opening session following short covering in the domestic equities but gains remained capped as the dollar rose against its major crosses Dollar has risen in the last few sessions following hawkish comments from the Federal Reserve Chairman and better-than-expected advance GDP number from the US he added The Indian Rupee ended marginally stronger against the US Dollar on Friday as importers dollar demand trimmed the impact of flows related to IPO and a rebound in equities said Sriram Iyer Senior Research Analyst at Reliance Securities However for the week the rupee ended weak tracking the strength of the greenback which rose this week amid prospects of aggressive interest rate hikes by the US Federal Reserve PTI DRR DRR ABM ABM

Mumbai Jan 18 PTI Continuing its fall for the third straight session the rupee on Tuesday slumped by 33 paise to close at a two-week low of 7458 against the US dollar as a strong American currency and elevated crude oil prices continue to weigh on investor sentiments Forex traders said muted domestic equities and dollar buying by banks on behalf of importers also dragged the local unit down At the interbank foreign exchange market the local currency opened at 7436 against the American currency and witnessed an intra-day low of 7460 during the session The rupee finally settled at 7458 down 33 paise over its previous close of 7425 against the greenback The rupee had previously closed at this level on January 4 The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 009 per cent up at 9534 Higher crude oil prices and risk-off sentiments following a surge in bond yields are enough for the rupee to become the worst-performing currency among Asian currencies said Dilip Parmar Research Analyst HDFC Securities Parmar added that strong dollar demands have been seen from oil importers after Brent crude oil prices started quoting above USD 87 a barrel on the back of supply worries Going ahead the pullback rally in USDINR may continue for a few more days as sentiments turn favourable Spot USDINR has crossed and sustained above the near-term hurdle of 7450 the 100 days simple average has now opened the way for 75 levels while support has been shifted to 7425 he said Meanwhile Brent crude futures the global oil benchmark jumped 099 per cent to USD 8734 per barrel On the domestic equity market front the BSE Sensex ended 55405 points or 090 per cent lower at 6075486 while the broader NSE Nifty declined 19505 points or 107 per cent to 1811305 Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 85547 crore as per exchange data The Indian rupee has come under pressure amid a rebound in the greenback from two-month lows and a relentless upside in crude oil prices wherein they have surged by close to 13 per cent since the beginning of the year Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking Ltd Another headwind for the domestic currency is the rising trade deficit as it has widened by 3792 per cent year-on-year in December 2021 Sachdeva said More so the threat of aggressive rate increases by the US Fed looks to further weigh on the Indian rupee and we envisage the local unit to drift lower towards 7520 odd levels in coming days Sachdeva added In the last three trading sessions the rupee has lost 68 paise against the greenback The Indian Rupee depreciated against the US Dollar on Tuesday weighed down by a rise in global oil and weak domestic equities said Sriram Iyer Senior Research Analyst at Reliance Securities Higher oil prices will re-stoke inflation risks and concerns about high trade deficits in the country Iyer said Meanwhile most of the Asian peers ended weaker on Tuesday while most of the emerging market peers were trading weaker and weighed on the local unit PTI DRR MR MR

Mumbai Dec 23 PTI Rising for the sixth straight session the rupee climbed 28 paise to close at 7526 against the US dollar on Thursday as abating concerns over the Omicron variant improved risk appetite globally At the interbank forex market the local unit opened at 7543 against the greenback and witnessed an intra-day high of 7522 and a low of 7544 On Wednesday the rupee had appreciated by 5 paise to close at 7554 against the US dollar Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 003 per cent to 9610 Brent crude futures the global oil benchmark fell 020 per cent to USD 7514 per barrel Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 82726 crore as per stock exchange data On the domestic equity market front the BSE Sensex ended 38472 points or 068 per cent higher at 5731528 while the broader NSE Nifty advanced 11715 points or 069 per cent to 1707260 According to Sriram Iyer Senior Research Analyst at Reliance Securities the rupee appreciated against the US dollar on Thursday as risk appetite improved as concerns over the economic impact of the Omicron coronavirus variant eased The local unit has gained 11 per cent so far this week and is poised for its best weekly performance since April 30 Iyer said Most regional and emerging market currencies appreciated against the dollar on Thursday and lent support Interbank selling the USDINR pair RBIs presence in the market absence of importers and aggressive hedging by exporters in anticipation of quarter-end dollar inflows lent support this week Iyer noted Jateen Trivedi Senior Research Analyst at LKP Securities said lower crude prices and upbeat capital markets have helped the rupee Going ahead rupee can be seen between 7510-7555 range he added PTI DRR DRR ABM ABM