-
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
-
Forex traders noted that the rupee is facing pressure due to ongoing elections and foreign fund outflows, expecting relief post-results.
-
According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.
-
According to forex traders, the Indian currency faced pressure due to the outflow of foreign funds and persistently high crude oil prices.
-
Forex traders noted pressure on the Indian currency due to rising crude oil prices, but it received support from positive domestic equity market sentiment and foreign capital inflows
-
The domestic unit opened at 83.39 against the greenback at the interbank foreign exchange, slipping further to 83.43, marking a 5 paise loss from its previous close.
-
In the interbank foreign exchange market, the rupee started at 83.34 against the dollar, then dropped to an early low of 83.39 against the greenback, marking a 6-paise decline from its previous close.