At the interbank foreign exchange market, Rupee opened at 83.92 and finally settled for the day at 83.96 (provisional)

The Reserve Bank of India's (RBI) decision to keep policy rates unchanged also played a part in the rupee's range-bound movement

At the interbank foreign exchange, the Rupee opened at 83.95, registering a marginal rise of one paisa against the U.S. dollar and traded in a tight range of 83.95-83.98

The currency's decline past the 84 handle is significant as the RBI had been defending that level.

The situation in the Middle East continues to be volatile and might keep oil prices high and the rupee weak in the short term, according to forex traders.

Rupee rebounds from all-time low, appreciates against dollar amid oil price surge and foreign fund outflows

Rupee recovers from all-time low against USD, supported by strong domestic equity markets amid foreign fund outflows

On Tuesday (October 15, 2024), the rupee witnessed a range-bound trade and appreciated 1 paisa to 84.04 against the U.S. dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally down by 0.01% to 103.25 points.

The rupee strengthens against dollar on softer oil prices and RBI intervention, while trade deficit narrows and impacts currency

On Thursday, the rupee weakened by 4 paise to close at 84.06 against the U.S. dollar.

Sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit, forex traders said

“Investors remained cautious and stayed away from riskier assets due to geopolitical uncertainties,” forex dealers said

At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals

The local unit was also weighed down by elevated crude oil prices as well as firm American currency amid rising U.S. treasury yields, forex traders said.

Forex traders said a downward trend in domestic equity markets and elevated level of crude oil prices prevented a recovery in the Indian currency.

On October 23, BSE Sensex plummeted 930.55 points or 1.15% to settle at 80,220.72; NSE Nifty tumbled 309 points or 1.25% to 24,472.10

The rupee remains flat against the dollar amid oil prices, foreign fund withdrawals, and market

At the interbank foreign exchange market, the domestic unit opened at 84.06 against the greenback and remained almost standstill throughout the session

Forex traders said, the indication of some recovery in domestic equity markets prevented the fall in the local unit.

The rupee trades range-bound, appreciates slightly against USD and impacted by foreign fund outflows and strong dollar

Equity markets rise on ICICI bank boost, Asian trends, and domestic buying and also BSE Sensex, NSE Nifty climb

The local currency touched its lowest closing level of 84.10 against the dollar on October 11.

Forex traders said the strength of the American currency in overseas markets dented investor sentiments, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels

In contrast, Maruti, Tata Motors, IndusInd Bank and Larsen & Toubro defied broader market trend and were trading in the positive territory

At the interbank foreign exchange, the rupee opened at 84.06 against the greenback. It traded in a tight range and ended the day at 84.09 (provisional), down 4 paise from its previous close

The rupee rises slightly against dollar amid strong dollar and foreign fund outflows; RBI intervention expected to support local currency

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08% lower at 103.91

Forex traders watch U.S. election impact on markets as rupee hits record low against dollar, with RBI intervention expected

Rupee recovers slightly against U.S. dollar amid election uncertainty, FII outflows, and volatile global markets

The U.S. Fed is expected to announce a rate cut in a meeting scheduled later this week, with further easing of up to 100 basis points projected for 2025

Forex traders said RBI interventions will keep the USD/INR pair between 83.80 and 84.35. Moreover, the U.S. Federal Reserve monetary policy and officials' comments will be in focus to derive further momentum

The rupee touched fresh record lows again on the back of weak domestic equities and sustained FII outflows

The Indian unit (INR) closed 0.2 per cent down against the previous close of 83.10. The central bank’s intervention through dollar sales prevented further depreciation of the Rupee, said forex dealers

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Forex traders said the US Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape.

Forex traders said the U.S. Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows

The rupee hits new lifetime low of 84.39 against USD, weighed down by foreign fund outflows and equities

Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside

A SBI research report on November 11, 2024 said that the rupee may depreciate 8-10% against the US dollar during the Trump 2.0 regime.

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According to exchange data, FIIs were net buyers in the capital markets as they purchased shares worth ₹404.42 crore on September 23