"rupee"

Rupee recovered from its all-time low levels and settled for the day higher by 19 paise at 82.94 (provisional) against the US dollar

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,901.10 crore, according to exchange data.

At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.

The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the US dollar on Monday

At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.

The Indian rupee experienced a decline due to the dollar index surpassing 103.5; however, likely intervention from the RBI offered a degree of support

At the interbank foreign exchange, the domestic unit opened at 83.10, then touched a high of 82.99 against the American currency, registering a rise of 9 paise over its last close.

The rupee depreciated 29 paise to settle at an all-time low of 83.11 (provisional) against the US dollar on Monday

The rupee depreciated by 16 paise to settle at 82.82 against the US dollar on Friday amid weak sentiment in the equity markets

Analysts said, weak sentiment in the domestic equity market and elevated level of crude prices nearing USD 87 per barrel also weighed on the domestic unit.

The rupee gained 17 paise to close at 82.68 (provisional) against the US dollar on Thursday after the Reserve Bank left its key interest rates unchanged

However, weak equity markets, outflow of foreign funds and crude prices breaching USD 85 per barrel weighed on the local unit, said analysts.

However, sustained foreign fund outflows and strength of the American currency in the overseas market dented investor sentiments, forex traders said.

Forex traders said the rupee opened on a flat note as losses in dollar index, and positive Asian currencies supported sentiments, while rise in crude oil prices dented investors.

Indian benchmark indices felt the heat with major corrections seen of around 2.50 per cent in the last two days keeping rupee at lower levels, Jateen Trivedi, VP Research Analyst said

Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said.

This was the biggest single-day fall for rupee in nearly six months. The Indian currency had witnessed the steepest intra-day fall of 68 paise on February 6

Forex traders said the rupee is trading lower on strong dollar and foreign fund outflows over the past few days.

During intra-day, the Indian unit touched the peak of 82.21 and hit the lowest level of 82.29 against the dollar

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.