But the central bank acknowledged there was room for further cuts.
Inflation would seem to be at nirvana levels of policy-achievement.
On Monday, the rupee had settled at 71.04 against the American currency.
Currency trading grew at a faster pace in emerging markets than developed nations.
Re is the worst performer in emerging Asia this quarter and that’s because RBI is mopping up dollar, analysts say.
Over the long term, we remain optimistic on Indian equities, says Atul Kumar of Quantum Mutual Fund
US stocks closed higher as upbeat jobs report lifted investors' sentiment.
Heavy selling in domestic equities weighed on the local unit and restricted the gains.
The rupee's rise was also supported by weaker dollar against key global currencies.
Momentum in the rupee is expected to remain slightly negative.
The currency opened 5 paise higher earlier in the session.
Forex traders said, the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.
The rupee had settled at 69.80 against the US dollar Friday.
The Indian rupee on Friday had closed at 71.74 against the US dollar.
Most emerging markets currencies have depreciated against the US dollar.
The chief executive says Zurich Airport International is bullish on Uttar Pradesh as a investor and developer and is not ruling out a partnership with a strategic investor at a later stage. We consider four factors important — offering peak hour slots; Noida’s proximity to eastern, north-eastern areas of NCR as well as Uttar Pradesh, says Daniel Bircher.
Rupee finally settled at 71.74, lower by 12 paise against its previous close.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 97.79.
The new framework is valid from November 14, 2019 to November 13, 2022.
The local unit settled for the day at 71.53 against the US dollar, higher by 13 paise over its previous closing.
US stocks closed higher on Thursday as investors digested the latest jobs data.
The Indian unit on Friday had closed at 71.74 against the US dollar.
Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices, US-Dollar vis-a-vis INR and bond yields have performed. This will give investors an idea of how their investments performed over a long period.
Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.
Signs of progress in the US -China trade dispute is adding to confidence.
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 1,131 crore on Tuesday, data available with NSE suggested.
On Tuesday, the local unit had settled at 71.71 against the greenback.
Investor sentiment towards most Asian currencies soured over the past two weeks.
The rupee gain was further strengthened by weakening of dollar against the key rival currencies.
The RBI on Friday relaxed norms for the opening of special non-resident rupee (SNRR) accounts and permitted direct remittance from India into these accounts. SNRR accounts are designed for non-residents to enable them to undertake rupee transactions that are legally permitted.
Fresh foreign fund inflows and a rally in domestic stocks restricted the fall for the local unit, forex traders said.
Here’s breaking down the pre-market actions.
This means bond market has already assumed that further rate cuts are not coming or will be sparse.
The local unit finally settled at 70.97, down 28 paise over its previous closing.
The revision, it said, became "inevitable as the high-frequency data now suggests that the agency's estimate of 2QFY20 GDP growth coming in a little higher than 5 per cent is unlikely to hold".
On a weekly basis, the Indian currency gained 7 paise.
Forex traders said the rupee consolidated in a narrow range following lack of cues on the domestic as well as the global front.
Prices have surged after rain and floods during Oct and Nov limited onion supply, especially in Maharashtra.
Robust foreign fund inflows and easing crude oil prices restricted the fall for the domestic unit.
The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.
In particular, the sharp 20.7 per cent decline in capital goods production did not bode well for investment, a sign that the economic slowdown has become entrenched, according to the bank.
The Indian rupee gained 0.4% and the Philippine peso added 0.3%.
Here’s breaking down the pre-market actions.
The 10-year government bond yield was down 0.18 per cent at 6.52 per cent.
The broader NSE Nifty briefly reclaimed the 12,000 level, before finishing at 11,966.05, showing a gain of 48.85 points, or 0.41 per cent.
Brent crude futures, the global oil benchmark, surged by 1.17 per cent higher at USD 62.86 per barrel.
FIIs turned bullish from late October and continues to be net buyers in November.
Rupee may strengthen to 67 per dollar by end-June, a level last seen in the same month last year, said Qi Gao.
After hitting a high of 40,178.12, the 30-share index ended 220.03 points, or 0.55 per cent, higher at 40,051.87. Similarly, the broader NSE Nifty jumped 57.25 points or 0.49 per cent to close at 11,844.10.
The Indian rupee on Monday had closed at 71.23 against the US dollar.
Stronger dollar against key global currencies kept the rupee movement under check through the session.
Overseas funds pulled Rs 2,640 crore in October, making it the 7th straight month of outflow.
The outlook on all the ratings above is negative.
Since the leadership of the RBI has changed we have seen more monetary easing, says Wood.
The rupee loss was somewhat capped by unabated foreign fund inflows, domestic stocks rally and lower crude oil prices.
Outflow of foreign funds has also hampered the movement of rupee.
After opening on a flat note, the rupee lost some ground as the morning trade progressed.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.17 per cent to 98.46.
Rupee recovered from morning lows amid foreign fund inflows in primary market and lower dollar index.
India’s foreign exchange reserves also rose by $5 billion during the month to $433.5 billion by the last week of September.
Easing crude oil prices and weaker greenback restricted rupee's fall to some extent.
The 10-year government bond yield was at 6.51 per cent.
RCom, Tata Teleservices (Maharashtra), Sanwaria Consumer, IL&FS Engineering and Vadilal Industries will be among companies that will disclose quarterly results on Thursday.
The rupee had settled for the day at 71.02 against the US dollar on Friday.
Forex traders said a weak trend in domestic equities, political unrest in the US and unabated foreign fund outflows also weighed on the local unit.
On a weekly basis, the Indian rupee lost 2 paise.
Gold for 24 Karat on Saturday had closed at Rs 38,770 per 10 gram here.
"Dismal IIP numbers suggest pressure on the rupee and more rate cuts coming."
Silver prices also rose by Rs 95 to Rs 48,815 per kilogram.
Forex traders said market sentiment remained fragile ahead of the US-China trade meeting.
A number of companies scheduled to announce their quarterly numbers will also see stock-specific actions.
The Centre amended the rules governing the Foreign Contribution (Regulation) Act, 2011, and notified this change alongside some other modifications.
Elevated crude oil prices have emerged as major fears for India in form of fiscal slippage and inflationary pressure.
On a weekly basis, the domestic currency, however, lost 30 paise to the US dollar.
The sudden drop in Chinese yuan led to increased volatility in emerging market currencies.
Apart from the macro-data point, Indian rupee's movement will also have a bearing on the equities.
Higher crude oil prices also had its impact on rupee's trading pattern.
The dollar index rose 0.17 per cent to 99.27.
Indian currency has appreciated by 67 paise in the last three trading sessions.
On Wednesday, gold had closed at Rs 38,724 per 10 gram.
Counting the monetary mess of noisome currency notes.
In line with gold, silver prices also declined by Rs 770 to Rs 47,690 per kilogram.
The currency has dropped 1.8 per cent against the dollar this year, and closed at 71.04 on Tuesday.
Market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.
Here’s breaking down the pre-market actions.
On a weekly basis, the local unit slumped by 32 paise.
Forex traders said market sentiment remained fragile ahead of US-China trade meet on October 10.
Policy support is crucial to ensure that exports remain competitive.
Unabated foreign fund outflows capped the gains, forex traders said.
Appetites for risky assets were further reduced by South Africa's economy also slipping into recession.
In addition, every member of an NGO must also now, under oath, through an affidavit, certify that they have never been involved in "diverting" foreign funds or propagating "sedition" or "advocating violent means".
Bullion prices witnessed correction on Thursday evening with the easing of risk sentiments.
In tandem with gold prices, silver also dropped by Rs 1,273 to Rs 49,187 per kilogram.
On Thursday, rupee had settled for the day with gains of 28 paise at 71.84 against the US dollar.
The rupee is down 3.9% over the past month, making it the worst performer in Asia.
On the upside, target of 73.50 continues to hold which is 123.6 per cent retracement.
The Indian rupee on Friday had closed at 71.42 against the US dollar.
Fall in global crude oil prices and fresh foreign fund inflows also enthused investors.
On Wednesday, the rupee had settled for the day at 71.66 against the US dollar.
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