Today Rupee trades marginally higher against US dollar

 

The Indian rupee on Thursday was trading marginally higher against the US dollar in opening trade.

The rupee opened at 65.41 a dollar. At 9.15am, the home currency was trading at 65.40, up 0.07% from its previous close of 65.44.

Asian currencies were trading lower. Thai baht was down 0.32%, Japanese yen 0.24%, China offshore 0.16%, China renminbi 0.15%, Singapore dollar 0.15%, Taiwan dollar 0.11% and Malaysian ringgit 0.07%. However, South Korean won was up 0.24%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.814, up 0.14% from its Monday’s close of 99.677.

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By: Unknown On 11:59 AM

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Today Rupee trades low at 65.57 against US dollar in market

 

The Indian rupee on Wednesday weakened against the US dollar tracking the fall in global equity markets.

The rupee opened at 65.55 and touched a low of 65.57 a dollar. The home currency was trading at 65.57, down 0.42% from its Monday’s close of 65.28.

Asian currencies were trading lower. South Korean won was down 0.4%, Philippines peso 0.26%, Taiwan dollar 0.19%, Malaysian ringgit 0.14%, Singapore dollar 0.1% and Indonesian rupiah 0.1%. However, Japanese yen was up 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.84, up 0.03% from its Monday’s close of 99.81.

 

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By: Unknown On 12:03 PM

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Today Rupee weakens marginally against US dollar

 

The Indian rupee on Tuesday weakened marginally against the US dollar, tracking the losses in the Asian currencies markets.

The rupee opened at 65.40 a dollar. the home currency was trading at 65.42, down 0.08% from its Monday’s close of 65.36.

So far this year, rupee gained 4% while foreign institutional investors have bought $4.23 billion and $1.28 million from local equity and debt markets, respectively.

Asian currencies were trading lower after Federal Reserve Bank of Chicago president Charles Evans addressed the timing for further tightening.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.19% from its Monday’s close of 100.41.

 

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By: Unknown On 12:04 PM

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Today Rupee nears 17-month high against US dollar In market

 

The Indian rupee on Thursday strengthened for the fourth consecutive session to hit near fresh 17-month high against the US dollar, tracking its Asian peers as the US Federal Reserve raised interest rates without accelerating its timeline for future tightening.

Gains in rupee was also due to narrowed trade deficit data for February.

The rupee opened at 65.39 a dollar and touched a high of 65.24, a level last seen on 30 October 2015. At 9.15am, the home currency was trading at 65.25, up 0.65% from its previous close of 65.82.

Among Asian currencies, South Korean won was up 0.1%, Taiwan dollar 0.47%, China renminbi 0.29%, Malaysian ringgit 0.24%, Philippines peso 0.22% and Indonesian rupiah 0.22%. However, China offshore was down 0.36%, Singapore dollar 0.26% and Thai baht 0.09%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.61, down 0.13% from its Monday’s close of 100.74.

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By: Unknown On 11:33 AM

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Today Rupee hits 11-month high against US dollar as markets soar

 

The Indian rupee on Tuesday hit an 11-month high against the US dollar as local equity markets surged over 440 points after Bharatiya Janata Party’s (BJP) landslide victory in Uttar Pradesh.

The rupee opened at 66.21 a dollar and touched a high of 66.18, a level last seen on 20 April 2016. At 9.15am, the home currency was trading at 66.19, up 0.63% from its previous close of 66.61.

Asian currencies were trading marginally lower. The Federal Open Market Committee is set to raise rates at the conclusion of its two-day meeting on Wednesday. Traders are also looking for clues on how quickly the US central bank is planning to tighten monetary policy.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.39, up 0.07% from its Monday’s close of 101.31.

On Friday, better-than-expected US job data provided further evidence for the Federal Reserve that the moment to raise interest rates has come. The Labor Department reported a gain of 235,000 jobs and healthy wage growth in a month when even the weather cooperated, Reuters reported.

 

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By: Unknown On 11:30 AM

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Today Rupee weakens against US dollar on Asian cues

 

The Indian rupee on Thursday weakened against the US dollar tracking the losses in its Asian peers after better-than-expected private US employment data boosted the speculation that Federal Reserve may raise interest rates in its March meeting.

The rupee opened at 66.82 a dollar. At 9.15am, the home currency was trading at 66.84, down 0.2% from its Wednesday’s close of 66.70.

Asian currencies were trading lower. South Korean won was down 0.81%, Taiwan dollar 0.24%, Indonesian rupiah 0.15%, China offshore 0.14%, Malaysian ringgit 0.11%, Japanese yen 0.09%, China renminbi 0.08%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.133—up 0.06% from its Monday’s close of 102.07.

On Wednesday night, the ADP employment report showed private payrolls surged by 298,000 last month, far above expectations.

 

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By: Unknown On 11:28 AM

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Rupee weakens against US dollar on Asian cues in market

 

The Indian rupee on Wednesday weakened against the US dollar, tracking the losses in the Asian currencies markets.

The home currency opened at 66.79 against the US dollar. At 9.10am, the rupee was trading at 66.80 per US dollar, down 0.16% from its Tuesday’s close of 66.69. So far this year, it has risen 1.69%.

India’s benchmark Sensex index was trading at 28,851.12 points, up 0.38% or 107.80 points from its previous close. So far this year, it has risen 7.95%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.47, up 0.35% from its previous close of 101.12.

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By: Unknown On 12:27 PM

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Rupee hits 15-week high against US dollar in opening trade

 

The Indian rupee on Monday hit a fresh 15-week high against the US dollar in opening trade, after foreign institutional investors (FIIs) continued to buy in local equity markets.

The local currency opened at 66.72 and touched a high of 66.69, a level last seen on 10 November. At 9.15am, the home currency was trading at 66.70, up 0.19% from its previous close of 66.83.

India’s benchmark Sensex index rose 0.06% or 17.53 points to 28,970.86. So far this year, it has risen 9%.

Most Asian currencies were trading lower. Philippines peso was down 0.15%, China offshore 0.1%, China renminbi 0.1%, Indonesian rupiah 0.01%, Japanese yen 0.09%, South Korean won 0.06% and Taiwan dollar 0.06%. However, Thai baht was up 0.05%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.15, up 0.06% from its previous close of 101.09.

 

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By: Unknown On 10:55 AM

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Today Rupee trades marginally lower against US dollar

 

The Indian rupee on Thursday was trading marginally lower against the US dollar in the opening trade.

The local currency opened at 66.95 a dollar. At 9.15am, the home currency was trading at 66.96—down 0.08% from its previous close of 66.92.

Traders are focusing on the goods and services tax (GST) meet and results of upcoming state election results on 18 February and 11 March, respectively.

Asian currencies were trading mixed. Japanese yen was up 0.27%, China renminbi 0.19%, South Korean won 0.16%, Thai baht 0.09%. However, Malaysian ringgit was down 0.18%, Taiwan dollar 0.16%, Indonesian rupiah 0.11%, Singapore dollar 0.04%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.95—down 0.22% from its previous close of 101.18.

 

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By: Unknown On 11:56 AM

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Currency Updates - Indian rupee on Thursday strengthened past the 67 mark

The Indian rupee on Thursday strengthened past the 67 mark to hit a fresh three-month high against the US dollar after foreign investors continued to buy in local equity and debt markets. This was the 11th out of 12 sessions when the rupee is trading higher.

Foreign institutional investors (FIIs) bought over $800 million in debt markets in the last eight trading sessions, while they bought $700 million in equity markets in the last two weeks.

The local currency opened at 67.05 a dollar and touched a high of 66.95, a level last seen on 11 November 2016. At 9.17am, the home currency was trading at 66.96, up 0.32% from its previous close of 67.19.

The Reserve Bank of India (RBI) on Wednesday signalled an unexpected early end to the two-year-old rate cut cycle, citing concerns of resurgent inflation, and left its key policy rate unchanged.

Asian currencies were trading mixed. Taiwan dollar was up 0.21%, Indonesian rupiah 0.18% and South Korean won 0.12%. However, Japanese yen was down 0.24%, Malaysian ringgit 0.1%, China offshore 0.07% and China renminbi 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.34, up 0.06% from its previous close of 100.28

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By: Unknown On 11:06 AM

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Rupee hits nearly three-month high against US dollar in opening trade

 

The Indian rupee hit nearly a three-month high in the opening trade against the US dollar ahead of the US jobs data due later on Friday. The rupee gained for the eight consecutive sessions, and this was the longest gaining streak since June 2011.

The local currency opened at 67.34 a dollar and touched a low of 67.32—a level last seen on 11 November 2016. At 9.15am, the home currency was trading at 67.35—up 0.03% from its previous close of 67.38.

India’s benchmark Sensex index rose 0.12% or 39.95 points to 28,266.56. So far this year, Sensex has risen 6%

Asian currencies were trading lower. Philippines peso was down 0.24%, China offshore 0.13%, Singapore dollar 0.1%, Thai baht 0.06%, Indonesian rupiah 0.06%, Malaysian ringgit 0.05%. However, Taiwan dollar was up 0.31%, China renminbi 0.22%, Japanese yen 0.11%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 99.818—up 0.03% from its previous close of 99.79.

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By: Unknown On 11:49 AM

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Rupee opens stronger 3-week high ahead of Economic Survey

The Indian rupee opened stronger for the fifth consecutive session against the US dollar tracking gains in its Asian peers, ahead of the key domestic as well as international events due later on Tuesday.

The rupee opened at 67.81 a dollar. At 9.15am, the home currency was trading at 67.84 a dollar— up 0.15% from Monday’s close of 67.95. So far this year, it has gained 0.1%.

On the domestic front, the government will present economic survey and gross domestic annual estimates after 12.30pm on Tuesday. The government will also issue fiscal deficit data for December after 4.30pm.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.36, down 0.07% from its previous close of 100.43.

Asian currencies were trading higher as dollar weaken reverting to a defensive tone amid concern about protectionism in the US after President Trump’s executive order Friday that clamped down on immigration and after earlier threats of border tariffs. 

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By: Unknown On 10:56 AM

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Today Rupee plunges by another 17 paise to 68.25 against dollar

 

The rupee opened at 68.20 a dollar and touched a low of 68.23, a level last seen on 11 January. At 9.15am, the home currency was trading at 68.22 a dollar, down 0.2% from Wednesday’s close of 68.08. So far this year, it has fallen 0.2%.

Asian currencies were trading lower after comments by US Federal Reserve chair Janet Yellen switched the market’s focus back to the prospect for higher US interest rates.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.26, up 0.32% from its previous close of 100.93.

Traders have been largely focusing on US President-elect Donald Trump’s plans for fiscal stimulus, deregulation of certain sectors and tax reform.

 

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By: Unknown On 12:07 PM

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Today Rupee strengthens against US dollar, opens at 67.94

 

The Indian rupee on Wednesday strengthened for the third consecutive session against the US dollar in opening trade.

The rupee opened at 67.94 a dollar. At 9.15am, the home currency was trading at 67.91 a dollar, up 0.08% from Tuesday’s close of 67.96. So far this year, it has gained 0.05%.

Asian currencies were trading lower after Federal Reserve’s San Francisco president John Williams said the US economy has reached its maximum employment goal and gradual interest rate increases will likely be appropriate.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.57, up 0.22% from its previous close of 100.33.

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By: Unknown On 11:39 AM

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Today Rupee holds the line against US dollar at 68.06

 

The Indian rupee on Tuesday was trading little changed against the US dollar in the opening trade.

The rupee opened at 68.06 a dollar. At 9.15am, the home currency was trading at 68.07 a dollar—up 0.03% from Monday’s close of 68.10. So far this year, it has fallen 0.22%.

Asian currencies were trading higher. Japanese yen was up 0.12%, Philippines peso 0.12%, Singapore dollar 0.11%, Indonesian rupiah 0.05%. However, South Korean won was down 0.07%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.46—up 0.27% from its previous close of 101.18.

 

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By: Unknown On 11:44 AM

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Today Rupee opens at 68.24 a dollar, weakens on Asian cues

 

The Indian rupee on Monday weakened against the US dollar, tracking losses in the Asian currencies markets.

The rupee opened at 68.24 a dollar. At 9.15am, the home currency was trading at 68.26 a dollar, down 0.16% from Friday’s close of 68.16. So far this year, it has fallen 0.2%.

Asian currencies were trading lower. South Korean won was down 0.33%, Philippines peso 0.25%, Taiwan dollar 0.24%, China offshore spot 0.15%, Indonesian rupiah 0.08%, Malaysian ringgit 0.06% and Singapore dollar fell 0.06%. However, Japanese yen was up 0.37% and China renminbi 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.42, up 0.23% from its previous close of 101.18.

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By: Unknown On 10:39 AM

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Rupee jumps 20 paise to 68.12 against dollar in early trade

 

The rupee was trading 20 paise higher at 68.12 against dollar in the early trade on Thursday on account of selling of Amercian currency by bank and exporters.
 

Rupee kicked off 17 paise up at 68.15 against dollar on Thursday against previous close of 68.32 per dollar.

Most of the Asian currencies were trading higher as dollar weakens after US president-elect Trump gave few details on his economic policy at the first press conference since his election victory.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.86—down 0.07% from its previous close of 101.93.

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By: Unknown On 10:48 AM

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Rupee opened nearly 5 paise down at 68.23 Against Dollar

 

The rupee opened nearly 5 paise down at 68.23 against dollar on account of buying in American currency by bank and importers ahead of a news

conference by the US President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.

The local currency on Tuesday wiped off most of its early strong gains but eventually managed to end higher by three paise at 68.18 against the US dollar.

Among the Asian currencies, Japanese yen was down 0.233%, Thai baht 0.090%, Philippines peso 0.081%, China renminbi 0.051%, Indonesian rupiah

0.023%, However, Taiwan dollar was up 0.16%, China Offshore 0.141%, Singapore dollar 0.028% and South Korean won 0.018%.

The 10-year bond yield was trading at 6.411%, compared to Tuesday’s close of 6.398%. Bond yields and prices move in opposite directions.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 102.11 up 0.10% from its previous close of 102.01.

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By: Unknown On 11:52 AM

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Rupee opened nearly 13 paise higher at 68.08 against the dollar

 

The rupee opened nearly 13 paise higher at 68.08 against the dollar on Tuesday amid selling of dollars by banks and exporters. The domestic equity market opened in the green following mixed global cues.

The rupee was trading nearly 20 paise up at 68 against the dollar around 9.30 am (IST).

The local currency plunged over 25 paise on Monday to close at 68.21 against the greenback on rising concerns over a drop in the country’s economic growth.Most of the Asian currencies were trading higher as dollar index dropped amid narrowing US yield curves.

South Korean won was up 0.92%, Indonesian rupiah 0.46%, Japanese yen 0.38%, Singapore dollar 0.22%, China renminbi 0.16%, Thai baht 0.1%, Malaysian ringgit 0.07%, Philippines peso 0.06%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 101.67—down 0.26% from its previous close of 101.93.

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By: Unknown On 11:54 AM

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Today Rupee opens nearly 19 paise down at 68.15 against dollar

 

The Indian rupee on Monday weakened against the US dollar tracking the losses in the Asian currencies markets and also on the pessimism on domestic markets following the lower economic growth projections last Friday.

Traders were also worried that the full year gross domestic product may come even lower then the estimates after impact of demonetisation factored in.

The rupee opened at 68.16 a dollar. At 9.15am, the home currency was trading at 68.20 a dollar, down 0.34% from Friday’s close of 67.96. So far this year it fell 0.4%.

Asian markets were also trading higher in morning trade on Monday, supported by a strong Wall Street, and the dollar stood tall against rivals after the latest US payrolls data indicated strong underlying wage growth, strengthening the case for more rate increases in 2017.

 

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By: Unknown On 12:08 PM

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