-
Brent crude futures, the global oil benchmark, declined 0.05 per cent to USD 85.74 per barrel.
-
Analysts: Foreign Investors' Selling Pressure and High Oil Prices Hinder Rupee's Sharp Gain
-
"The Indian rupee faced pressure due to an advancing dollar index, driven by hawkish remarks from Federal Reserve officials, according to forex traders."
-
Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days.
-
However, weak equity markets, outflow of foreign funds and crude prices breaching USD 85 per barrel weighed on the local unit, said analysts.
-
Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said.
-
Elevated level of crude prices crossing USD 84 a barrel and subdued sentiment in the domestic equity markets also weighed on the Indian currency, forex traders said.
-
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 101.34.
-
However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said.
-
Sustained foreign fund inflows supported the local unit and contained the fall.
-
Forex traders said a positive trend in domestic equities supported the local unit and restricted the depreciating bias.
-
At the interbank foreign exchange, the rupee opened at 82.08 against the dollar. It touched an early high of 82.05 in initial deals.
-
Mumbai: The rupee inched 4 paise higher to close at 77.54 (provisional) against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices and persistent FII outflows weighed on the local unit. At the […]
-
At the interbank foreign exchange, the domestic unit opened at 74.32 against the dollar, then inched higher to 74.25, registering a gain of 13 paise over its previous close.
-
Asian currencies were mostly weaker this Thursday and could cap gains for the local unit.
-
At the interbank forex market, the domestic unit opened at 72.85 against the US dollar, registering a decline of 34 paise over its previous close.
-
The dollar index, which gauges the greenback's strength against a basket of six currencies, surged 0.10 per cent to 91.53.
-
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 92.04.
-
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 90.84.
-
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 90.