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.

The market now awaits US Fed meeting minutes, CPI data, and the RBI policy decision, which could impact the rupee and gold prices

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

Rupee opens flat against U.S. dollar, influenced by foreign fund outflows, strong dollar, and domestic equity trends

It can be a cheaper and more efficient alternative to SWIFT for transactions, if trust and liquidity issues are sorted out

Meanwhile, the dollar index gained 0.16 per cent to 102.85 points

At the interbank foreign exchange market, the local unit opened at 83.86 but soon pared the gains to trade at 83.92, unchanged from its previous close

Rupee weighed down by a firm dollar, geopolitical tensions in West Asia

Meanwhile, the dollar index was trading 0.03 per cent lower at 103.17

Market players eye release of domestic macroeconomic data

Meanwhile, the dollar index was trading 0.06 per cent higher at 103.19

Forex traders say a mixed-to-positive tone in the domestic market also supported rupee

Forex traders said the weakening of the American currency in the overseas market and retreating crude oil prices also supported investor sentiments

At the interbank foreign exchange, the rupee opened at 83.86 against the greenback and traded in the range of 83.76 to 83.88

Meanwhile, the dollar index was trading marginally higher by 0.02 per cent to 101.31

Heavy demand for dollars weighs on rupee

Meanwhile, the dollar index was down 0.15 per cent to 101.35 point

At the interbank foreign exchange market, the local unit opened at 83.83 and then gained ground and touched 83.80, registering a rise of 10 paise from its previous close

Meanwhile, the dollar index was trading 0.07 per cent higher at 100.78

At the interbank foreign exchange market, the local unit opened at 83.91, then lost further ground and touched 83.95, registering a loss of 8 paise from its previous close

Meanwhile, the dollar index was trading 0.05 per cent lower at 100.79

Meanwhile, the dollar index was up 0.03 per cent to 101.37 points

Immediate resistance ahead has to be broken to gain more strength

Currency traders are awaiting the PMI manufacturing data set to be released later in the day

At the interbank foreign exchange market, the rupee opened at 83.94, lower by 3 paise from its previous close before dropping further to 83.95. The unit had settled at 83.91 against the US dollar on Monday

At the interbank foreign exchange market, the rupee opened at 83.96, higher by 2 paise from its previous close and stayed put

Meanwhile, the dollar index was down 0.03 per cent to 101.32 points

Rupee lifted by weakening of dollar, and drop in crude oil prices

Rupee gains capped by negative domestic markets, higher crude oil prices, and foreign capital outflows

At the interbank foreign exchange market, the local unit opened at 83.95 against the American currency and finally settled at 83.97 (provisional) against the US dollar, down 2 paise from its previous close

Forex traders said market participants are eagerly awaiting cues from the US Fed policy on Wednesday, with a rate cut all but certain

Meanwhile, the dollar index declined 0.05 per cent to 100.38

Rupee gains following Fed Reserve rate cut and strong demand for domestic equities

A firm domestic equity market, lower crude oil prices supported the Indian currency, say forex traders

A bullish euro leaves the bias negative for the greenback

Meanwhile, the dollar index was up by 0.07 per cent to 100.49

The dollar index was up 0.34 per cent at 101.06

At the interbank foreign exchange market, the local unit opened at 83.54 against the American currency and finally settled at 83.65 (provisional) against the US dollar, down 11 paise from its previous close

The dollar index rose marginally by 0.05 per cent to 100.52

The USDINR is expected to find strong support at 83.50, with potential to rebound toward 83.75-83.80, says CR Forex Advisors MD Amit Pabari

The dollar index declined 0.14 per cent to 100.48

Meanwhile the dollar index was up 0.15 per cent to 100.39

Analysts say market participants were awaiting cues from the personal consumption expenditure data to be released in US on Friday

Meanwhile, the dollar index rose 0.07 per cent to 100.17

Dollar weakness overseas supports rupee

Meanwhile, the dollar index rose 0.02 per cent to 100.54

Meanwhile, the dollar index rose 0.10 per cent to 101.53

Rupee weighed down by strong dollar, outflow of foreign funds

Meanwhile, the dollar index fell 0.05 per cent to 101.69