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| 20 January, 2021, 10:02 AM IST | E-Paper
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    Forex News

    Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar

    Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar

    During the trading session, the domestic unit witnessed an intra-day high of 73.24 and a low of 73.44.

    Rupee tumbles 16 paise to close at 73.40 against US dollar

    Rupee tumbles 16 paise to close at 73.40 against US dollar

    The local unit finally settled at 73.40, registering a fall of 16 paise over its previous close.

    The factors that will decide the course of rupee in a crucial year post pandemic

    The factors that will decide the course of rupee in a crucial year post pandemic

    The Rupee is likely to trade in the narrow range of 71-73.5 as traders expect relative stable exchange rate

    Dollar bounce from 2018 low continues after US jobs report

    Dollar bounce from 2018 low continues after US jobs report

    ​​ The Labor Department said nonfarm payrolls decreased by 140,000 in December, the first decline in eight months, well below expectations that called for a still-weak increase of 71,000 jobs.

    India's forex kitty surges by $4.4 billion to an all-time high of $585.324 billion

    India's forex kitty surges by $4.4 billion to an all-time high of $585.324 billion

    The surge in the reporting week was mainly on the back of an increase in the value of foreign currency assets (FCA) held by the central bank, which constitutes a major component of the overall reserves.

    Rupee recovers 7 paise to close at 73.24 a dollar

    Rupee recovers 7 paise to close at 73.24 a dollar

    For a better part of the session, the rupee remained under pressure due to stronger American currency against key rivals and surging crude oil prices, eventually capping its gains.

    Dollar bounces off 2018 lows on safe-haven buying, euro profit-taking

    Dollar bounces off 2018 lows on safe-haven buying, euro profit-taking

    The dollar index, which measures the U.S. currency against a basket of peers, rose 0.6% to 89.886.

    Rupee plunges 20 paise to end at 73.31 against US dollar

    Rupee plunges 20 paise to end at 73.31 against US dollar

    On Wednesday, the rupee had settled at 73.11 against the American currency.

    Dollar bounces off March 2018 low as Georgia elections wind down

    Dollar bounces off March 2018 low as Georgia elections wind down

    Democrats won one U.S. Senate race in Georgia and led in another on Wednesday, moving closer to a sweep in a deep South state that would give them control of Congress and the power to advance President-elect Joe Biden's policy goals.

    Rupee settles 6 paise higher at 73.11 against US dollar

    Rupee settles 6 paise higher at 73.11 against US dollar

    The local unit finally settled at 73.11, registering a rise of 6 paise over its previous close.

    Rupee settles 15 paise lower at 73.17 against US dollar

    Rupee settles 15 paise lower at 73.17 against US dollar

    Sustained foreign fund inflows and weakness of the American currency in the overseas market restricted the rupee's fall, forex dealers said.

    Rupee opens 13 paise lower against the US dollar

    Rupee opens 13 paise lower against the US dollar

    The rupee opened at 73.15 against the US dollar, down 13 paise from the previous close of 73.02.

    Dollar extends 2020 losing streak amid upbeat sentiment; yuan shines

    Dollar extends 2020 losing streak amid upbeat sentiment; yuan shines

    With U.S. interest rates pinned at record lows, massive U.S. deficits and a belief that rebounding world trade will drive non-dollar currencies higher, the dollar weakened on the first day of trading in 2021 after falling nearly 7% last year.

    Rupee rises 9 paise to 73.02 per US dollar

    Rupee rises 9 paise to 73.02 per US dollar

    The local unit finally settled at 73.02, registering a rise of 9 paise over its previous close. This is the rupee's highest level since September 1, 2020, when it had closed at 72.87.

    Rupee could average at Rs75/USD in 2021: Fitch Ratings

    Rupee could average at Rs75/USD in 2021: Fitch Ratings

    ​In the longer term, the overvaluation of the rupee in real terms and higher inflation in India versus the US should exert weakening pressure for the rupee, it said.

    Rupee opens 19 paise higher against the US dollar

    Rupee opens 19 paise higher against the US dollar

    The Indian rupee opened at 72.93 against the US dollar, up 19 paise from the previous close of 73.12.

    Forex reserves dip by $290 mn to $580.84 bn

    Forex reserves dip by $290 mn to $580.84 bn

    In the previous week to December 18, the reserves had surged by USD 2.563 billion to a lifetime high of USD 581.131 billion.

    Rupee settles 4 paise lower at 73.11 against US dollar

    Rupee settles 4 paise lower at 73.11 against US dollar

    The local unit finally settled at 73.11, registering a fall of 4 paise over its previous close.

    Rupee slips 4 paise to 73.11 against US dollar in early trade

    Rupee slips 4 paise to 73.11 against US dollar in early trade

    At the interbank forex market, the domestic unit was trading in a narrow range on Friday. It opened at 73.09 against the US dollar and fell to 73.11 against the greenback, registering a fall of 4 paise over its previous close.

    Dollar in the dumps as 2020 ends, another bumper bond year

    Dollar in the dumps as 2020 ends, another bumper bond year

    The prospect of a brighter 2021 has lessened the lure of the safe-haven dollar, while burnishing the attraction of assets overseas, especially in emerging markets.

    Rupee surges 24 paise to close at 73.07 against US dollar

    Rupee surges 24 paise to close at 73.07 against US dollar

    In the last six trading sessions, the Indian rupee has gained 77 paise.

    Rupee settles 11 paise higher at 73.31 against US dollar

    Rupee settles 11 paise higher at 73.31 against US dollar

    On Tuesday, the rupee had settled at 73.42 against the American currency.

    Dollar dips as US stimulus optimism boosts risk taking

    Dollar dips as US stimulus optimism boosts risk taking

    The dollar fell 0.35% against a basket of currencies to 89.92. It is holding just above a two-and-a-half year low of 89.72 reached on Dec. 17.

    Rupee settles 7 paise higher at 73.42 against US dollar

    Rupee settles 7 paise higher at 73.42 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.32 per cent to 90.04.

    Bearish dollar bets near decade high as 2020 draws to an end

    Bearish dollar bets near decade high as 2020 draws to an end

    Net short non-commercial positions in futures linked to the ICE US Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data.

    Rupee settles 6 paise higher at 73.49 against US dollar

    Rupee settles 6 paise higher at 73.49 against US dollar

    On Thursday, the rupee had settled at 73.55 against the US dollar.

    Rupee to end 2020 on a bullish note

    Rupee to end 2020 on a bullish note

    Rupee has been a laggard in 2020, as the currency did not appreciate much despite record inflows.

    Forex reserves up by $2.56 bn to record $581.131 bn

    Forex reserves up by $2.56 bn to record $581.131 bn

    Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

    US dollar share of global reserves slide in Q3: IMF data

    US dollar share of global reserves slide in Q3: IMF data

    Global reserves are assets of central banks held in different currencies and are used primarily to support their liabilities. Central banks sometimes use reserves to help support their respective currencies.

    US dollar inches up, pound gains after UK, EU strike Brexit trade deal

    US dollar inches up, pound gains after UK, EU strike Brexit trade deal

    Sterling pared gains after the Brexit trade announcement, while the dollar retraced some of its losses, as investors have already priced in the deal and have taken profits.

    Dollar loses luster against Asia's top performing currency of 2020

    Dollar loses luster against Asia's top performing currency of 2020

    In a year that’s upended so many norms, the dollar’s crown has slipped. The world’s reserve currency is trailing its Group-of-10 peers, but its slide is most evident in some shallower markets on the fringes of global finance.

    Rupee rallies 21 paise to 73.55 against US dollar

    Rupee rallies 21 paise to 73.55 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.20 per cent to 90.23.

    Rupee settles 8 paise higher at 73.76 against US dollar

    Rupee settles 8 paise higher at 73.76 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.29 per cent to 90.39.

    Rupee settles 5 paise lower at 73.84 against US dollar

    Rupee settles 5 paise lower at 73.84 against US dollar

    The domestic unit opened at 73.95 against the US dollar and witnessed an intra-day high of 73.82 and a low of 73.95.

    Spread of virus mutation keeps euro and pound under pressure

    Spread of virus mutation keeps euro and pound under pressure

    At 0802 GMT, the euro was down 0.31% at $1.2209 while the pound was losing 0.33% at $1.3422.

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