"us-dollar"

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

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

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.

Among sectors, almost all the major sectoral indices witnessed profit booking at higher levels but energy and metal indices lost the most, shedding nearly 3 per cent.

At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close.

According to forex traders, the Indian currency faced pressure due to the outflow of foreign funds and persistently high crude oil prices.

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.

According to forex traders, high crude oil prices and substantial foreign fund outflows in the global market dampened investor sentiment.

According to forex traders, the domestic currency strengthened as the US dollar and crude oil prices pulled back from their recent highs.

Boost in manufacturing exports for sustained current account surpluses is a must while maintaining prowess in service exports and remittances

In the interbank foreign exchange market, the local unit opened at 83.51 against the greenback, touching 83.49 in initial trade, marking a 12 paise rise from its previous close.

Forex traders cited a robust US dollar in global markets and crude oil prices above USD 90 per barrel as factors dampening investor sentiment.

In the interbank foreign exchange market, the rupee opened at 83.23 against the US dollar, later reaching 83.16 in initial trade, marking a 15 paise increase from its previous close.

Forex traders noted that investor sentiment was dampened by both elevated crude oil prices and continuous foreign fund outflows.

In the interbank foreign exchange market, the rupee commenced trading at 83.33 against the dollar. It dipped to an early low of 83.34, marking a decline of 5 paise compared to its previous close.

Brent crude futures, the global oil benchmark, declined 0.05 per cent to USD 85.74 per barrel.

At the interbank foreign exchange market, the rupee opened higher at 83.00 against the previous close of 83.03 in line with firm domestic stock markets.