RBI action supports rupee amid surging crude oil prices, volatile geopolitics

High chances to see a rally within the broad range

Meanwhile, the dollar index was marginally down 0.01 per cent to 102.50

At the interbank foreign exchange, the rupee opened at 83.96 against the US dollar and touched an intra-day high of 83.95 and a low of 83.99

At the interbank foreign exchange, the rupee opened at 83.97 against the greenback and traded in the range of 83.92-83.97 during the day

At the interbank foreign exchange market, the local unit opened at 83.92 and finally settled for the day at 83.96 (provisional), higher by 1 paisa over its previous close of 83.97 against the dollar

Meanwhile, the dollar index was down 0.11 per cent to 102.87 points

The rupee’s performance was also impacted by the volatile situation in the Middle East, which is expected to keep oil prices elevated and exert further pressure on the currency

Strong rise in the Treasury yield aids the greenback

At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and traded in a tight range

At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and traded in a tight range

Rupee buoyed by weak crude oil prices, RBI intervention

At the interbank foreign exchange, the rupee opened at 84.03 against the greenback

Meanwhile, the dollar index was down by 0.11 per cent to 103.53 points

A short-lived correction looks likely in the near term

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

At the interbank foreign exchange market, the domestic unit opened at 84.07 against the greenback and traded in a narrow range throughout the session

Rupee found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders say

Analysts said the selling rush by foreign investors in pursuit of better gains from the Chinese market has been preventing the rupee's recovery

At the interbank foreign exchange, the local currency opened at 84.07 against the greenback, trading flat at previous day's closing level in initial deals

Forex traders say the selling rush by foreign investors sent the domestic equity markets into a tailspin, dragging the benchmark indices down

Meanwhile, the dollar index was trading 0.28 per cent lower at 104.54

At the interbank foreign exchange, the rupee opened at 84.08 against the greenback, it traded in a tight range and ended the day at 84.07 (provisional), unchanged from its previous close

Meanwhile, the dollar index was trading at 104.31

Weak domestic markets and month-end dollar demand push rupee lower

Despite this increase, the currency is affected by strong dollar demand and outflows from foreign funds, contributing to investor hesitancy.

Rupee weighed down by foreign fund outflows, month-end dollar demand

Meanwhile, the dollar index was trading 0.62 per cent lower at 103.63

Meanwhile, the dollar index was trading 0.13 per cent lower at 103.73

Meanwhile, the dollar index was trading 1.34 per cent higher at 104.80

Meanwhile, the dollar index was trading 0.22 per cent lower at 104.86

Support at 84.50 can limit the downside for now

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Meanwhile, the dollar index was trading higher by 0.05 per cent at 105.05

At the interbank foreign exchange, the rupee opened at 84.39 against the greenback, then fell further to an all-time low of 84.40, registering a fall of 2 paise over its previous close

Rupee pressured by continued foreign fund outflows and a firm dollar overseas

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Rupee on Friday opened with gains at 75.51 versus its previous close of 75.76 per US dollar. Notably, dollar index against a basket of major currencies fell 0.3% from a two-week high on Thursday.The home currency was last quoting at 76.37.

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The Indian rupee weakened by 31 paise to 62.64 against the US dollar today at the Interbank Foreign Exchange on month-end demand for the...

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

1 Ugandan Shilling = 0.0003 US Dollar

1 Ugandan Shilling = 0.0079 New Taiwan Dollar