"rupee"

Forex traders say strength of dollar in overseas market, elevated crude oil prices weigh on local unit and restrict appreciation bias

According to forex traders, the strength of the US currency in the global market and foreign fund outflows restrained the local unit from rising

Forex traders said the strong US dollar and high crude oil prices weighed on the local unit, limiting its gains.

Opens at 83.52, gains further to trade at 83.45 against the greenback in initial deals, registering an increase of 12 paise

Forex traders noted that despite the continuous influx of foreign capital, the local unit initially resisted the decline but eventually succumbed to pressure, influenced by a subdued domestic equity market trend.

Forex traders noted resistance for the local unit due to a stronger US dollar and elevated crude oil prices abroad.

Forex traders said the strengthening American currency weighed on the local unit though it found support due to downward movement in crude oil prices overseas.

Forex traders noted the rupee's resilience against the dollar, influenced by consumer price index data and the US Federal Reserve's policy decision.

Forex traders noted resistance for the local unit due to subdued domestic macroeconomic data.

Forex traders note rupee trading in a tight range amid focus on US May CPI and Fed rate decision, as well as India's Consumer Price Index (CPI).

Forex traders noted reduced market uncertainty as Narendra Modi was sworn in for a third term as Prime Minister on Sunday, matching a record.

At the interbank foreign exchange market, the rupee opened at 83.46 and then slipped to 83.47 against the dollar, gaining 6 paise from its previous close

Forex traders noted that despite an increase in crude oil prices, the Indian currency saw limited gains, with investors exercising caution before the RBI's monetary policy decision on Friday.

Forex traders attribute uptick in equity markets to value-buying surge, buoying local currency post-election results shortfall.

Forex traders noted that early deals were affected by a sluggish trend in domestic equity markets, dampening sentiments.

Forex traders noted that a weak American currency and foreign capital inflows into domestic equities also bolstered the local unit.

Forex traders noted that the strength of the US dollar added pressure on the local unit, although declining crude oil prices limited the rupee's decline.

Forex traders noted that the weakness of the US dollar in overseas markets supported the rupee, but high international crude oil prices limited its gains.

Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and foreign fund outflows.

Indian Rupee Underperforms in Asia Due to Higher Commodity Prices and Foreign Fund Outflows Amid Election Result Worries