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Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias.
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Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias.
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A weak US dollar against leading world currencies and forex inflows aided the sentiment but recession fears after US jobless data weighed on the local unit, forex dealers said.
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At the interbank foreign exchange, the local currency opened weak at 82.69 against the dollar, then lost ground further to 82.73, registering a decline of 11 paise over its previous close.
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At the interbank foreign exchange, the rupee opened weak at 82.84 against the dollar, then gained some ground to quote at 82.80, registering a fall of 4 paise over its previous close.
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A strong dollar against key rivals overseas and losses in the domestic equity markets sapped risk appetite, forex dealers said.
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Forex traders said muted domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation bias.
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Forex traders said dollar demand in the overseas market and foreign fund outflows weighed on investor sentiments.
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Forex traders said weak domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation bias.
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At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground to touch 81.55, registering a rise of 17 paise over its previous close.
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However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee's fall, forex dealers said.
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At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained ground to touch 81.67, registering a rise of 26 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar, then lost ground to quote at 81.86, registering a loss of 12 paise over its previous close.
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At the interbank foreign exchange, the domestic unit opened up at 81.59 against the dollar, then gained further ground to quote 81.54, registering a gain of 10 paise over its previous close.
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Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption despite a slowing economy, adding room for tighter policy by the US Federal Reserve.
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Hyderabad: The rupee on Friday rose to 71 paise to 80.69 against the US dollar. A year back, it was around Rs 74 against the US dollar. Last month, the rupee hit a record low of 83.08. It is expected to touch Rs 84 or even more by the end of 2022. Here, let’s see […]
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Various factors such as inflation, interest rates, quantum of public debt and current account deficit influence the dollar-rupee exchange rate to a great extent.
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Mumbai: The rupee strengthened by 31 paise to 81.51 against the US dollar in early trade on Tuesday, tracking weakness in the greenback in overseas markets and a rally in domestic equities. However, rising crude price in the international market restricted the rupee, forex traders said. At the interbank foreign exchange, the local currency opened […]
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The rupee had slipped below the 82-level for the first time on Wednesday and that the falling rupee is spooking the financial plans of those wanting to pursue higher education abroad.
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At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals, registering a gain of 8 paise over its previous close.