Key Points
The rupee gained 9 paise to 82.16 against the U.S. dollar in early trade on Thursday as crude oil prices retreated from its elevated levels...
At the interbank foreign exchange, the domestic unit opened at 82.21 against the dollar, then rose to 82.16, registering a rise of 9 paise over its previous close...
"Crude oil was unable to hold on to its previous session's gains and plunged again amid growing concerns of economic recession and Fed rate hike fears," said Rahul Kalantri, VP Commodities, Mehta Equities Ltd...
Mr. Kalantri further noted that "two of the Fed officials advocated for further interest rate hikes due to inflation concerns while the dollar index and the U.S. bond yields also jumped again that restricted gains of global commodities."..
You might be interested in
Rupee falls 14 paise to 81.92 against US dollar in early trade
09, May, 23rupee trading updates on May 9, 2023
Rupee rises 11 paise to 82.48 against US dollar
20, Mar, 23Markets News: MUMBAI: The rupee continued its upward trend and rose 11 paise to 82.
Rupee rises 6 paise to 82.54 against US dollar
29, May, 23Markets News: MUMBAI: The rupee gained 6 paise to 82.
Rupee rises 18 paise to 82.77 against US dollar in early trade
15, Jan, 24India Business News: The domestic currency opened at 82.82 and touched 82.77 against the greenback, registering a rise of 18 paise. The rupee strengthened for the eighth c
Rupee appreciates by 2 paise to 83.30 against US dollar in early trade
23, Nov, 23India Business News: MUMBAI: The rupee edged up by 2 paise to 83.
Rupee gains 4 paise against US dollar
30, Dec, 23Mumbai, Dec 29 (PTI) The rupee appreciated 4 paise to settle at 83.16 against the US dollar on the last trading day of 2023, helped by a weak greenback against major rivals overseas and renewed foreign capital inflows amid lower crude oil prices. However, subdued domestic equity markets and increased month-end dollar demand from importers […]
Rupee edges up 3 paise to 83.19 against US dollar
29, Sep, 23Mumbai, Sep 28 (PTI) The rupee edged up 3 paise to settle at 83.19 against the US currency in a restricted trade on Thursday, aided by a correction in crude oil prices and the greenback. Foreign fund outflows and losses in local equities, however, restricted the rupee’s gains, forex dealers said. The rupee opened flat […]
Amid unabated fund outflow, rupee falls 25 paise to 82.62 against US dollar
15, Mar, 23The rupee declined by 25 paise to 8262 provisional against the US dollar on Wednesday amid a strong greenback against major currencies overseas and unabated foreign fund outflows