India rupee down 8 paise to 62.02 against dollar in early trade

Breaking a three-day charming run, the rupee on Wednesday lost 8 paise to 62.02 alongside the US dollar in near the beginning deal on the Interbank Foreign Exchange market unpaid to admiration of the US currency abroad.
Forex dealers said at a distance from month-end command for the American legal tender from importers, dollar ahead adjacent to other currencies abroad also put strain on the local unit, but a elevated notch in the familial impartiality market capped the fall.

Indian rupee recovers 19 paise to 62.37 against dollar in early trade

The Indian rupee  well again by 19 paise to 62.37   against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on augmented advertising of the American money by exporters.

Forex dealers said a superior aperture in the familial impartiality souk also supported the rupee but dollar's potency aligned with other currencies abroad, subsequent better-than-forecast US increase statistics, capped the ascend.

The rupee had lost 15 paise alongside the dollar to finish at 62.56 in the earlier conference, in line with a sell-off in budding markets, after the US Federal Reserve scaled reverse its incentive programme.

The standard Bombay Stock Exchange Sensex rose 54.65 points, or 0.26 per cent, to 20,552.90 in premature deal on Friday.

Rupee cataract past 63 level to buck in above 2 months

The rupee breached the mental 63 per dollar mark, to hit its buck level in more than two months on Monday, tracking profound losses in the familial share market while a broad fall in other provincial currencies also impair.

The somewhat adaptable rupee was trading at 63.00/01 per dollar at 0907 GMT after striking 63.06 its weakest since November 22. It had stopped up at 62.66/67 on Friday. The Sensex was trading behind 1.8 per cent.

Earlier in the day, the rupee depreciated by 18 paise to 62.84 a dollar on the Interbank Foreign Exchange souk due to admiration of the dollar alongside major currencies abroad.

India rupee up 13 paise to to 61.94 against dollar in early trade

The rupee gained 13 paise to 61.94 not in favor of the dollar in in the early hours trade on Friday at the Interbank overseas swap market subsequent augmented promotion of the US legal tender by exporters and superior resources inflows.

Forex dealers said in addition advertising of the American coinage by exporters, gains in other currencies adjacent to the dollar and a elevated aperture in the familial hoard souk also buoyed the response.

The rupee had ruined even at 62.07 aligned with dollar on Thursday.

For the time creature, the BSE benchmark Sensex on rose 67.68 points, or 0.32 per cent, to operate at 20,781.05 in premature trade.

Indian rupee weakens by 5 paise 62.36 aligned with dollar in premature deal

The rupee undermined by 5 paise to 62.36 per dollar in break of day deal on Tuesday at the Interbank overseas swap over promote subsequent augmented require for the US legal tender from oil importers. Forex dealers said in addition dollar's gains out of the country, augmented require from oil importers for the American legal tender mostly prejudiced the rupee, but a superior aperture in the stockpile souk capped the wounded. The rupee had lost 15 paise to secure at a five-week low of 62.31 adjacent to the dollar in yesterday's deal. Temporarily, the benchmark BSE Sensex was trading over 70 points behind in daybreak operate.

Rupee falls to one-month low against dollar

 
In step with local stocks, the rupee surrendered initial gains and declined 36 paise to a one-month low of 62.26 against the dollar Thursday amid demand from importers as the US currency strengthened overseas.

At the interbank foreign exchange market, the rupee started on a stable note from the previous close of 61.90 and climbed to the day's high of 61.74 as local stocks advanced.

However, the local currency fell sharply to a low of 62.28 after a drop in the domestic equity market amid weak European cues and a decline in manufacturing data in December.

The rupee closed at 62.26, a fall of 36 paise or 0.58 per cent, adding to Wednesday's 10-paise loss. The currency is at the lowest closing level since it reached 62.36 on December 3.

"Negative closing in the local stock markets and strengthening dollar index led to weakness in the rupee. Other than this, a large petrochemical company is said to have bought dollars from the market, which put pressure on the rupee," said Abhishek Goenka, CEO of India Forex Advisors.

The HSBC India Manufacturing Purchasing Managers' Index, a measure of factory production, dropped to 50.7 in December from 51.3 in November. A reading above 50 indicates growth.

The benchmark 30-share S&P BSE Sensex tumbled 252.15 points, or 1.19 per cent, erasing the day's gains. Foreign institutional investors bought shares worth a net Rs 10.16 crore yesterday, according to provisional data.

The dollar index, which measures the US currency against six major global rivals, was up 0.15 per cent ahead of US manufacturing data.

"After a strong opening, the rupee decreased and closed on a weaker note against the dollar, taking cues from negative local equities," said Pramit Brahmbhatt, CEO of Alpari Financial Services (India). "The dollar index...is trading strong."

Forward dollar premiums dropped further on continued receipts by exporters.

The benchmark six-month forward dollar premium payable in June tumbled to 248-1/2 to 250-1/2 paise from 256-258 paise on Wednesday and far-forward contracts maturing in December plunged to 488-490 paise from 495-497 paise.

The RBI fixed the reference rate for the dollar at 61.9020 and for the euro at 85.1556.

The rupee remained weak and ended at 102.97 against the pound from the overnight close of 102.30 and moved down further to 85.21 per euro from 85.08. It also fell to 59.07 per 100 Japanese yen from 58.81.

Rupee hits fresh 1-month high, up 30 paise vs dollar

 
The rupee on Thursday hit fresh one-month high by gaining 30 paise to 61.75 against the dollar in early trade at the Interbank Foreign Exchange market following increased selling of the US currency by exporters, amid sustained foreign capital inflows.

Strengthening of other currencies against the dollar overseas and a higher opening in the domestic equity market also supported the local currency, forex dealers said.

The rupee had gained 31 paise to close at one-month high of 62.05 against the dollar in Wednesday's trade.

Meanwhile, the benchmark BSE Sensex regained 21,000 level by surging 439.55 points, or 2.12 per cent, to trade at 21,148.26 in opening trade on Thursday.

Indian rupee up 16 paise against US dollar, at 62.28

 
The Indian rupee rose by 16 paise to 62.28 against the US dollar in early trade at the Interbank Foreign Exchange after the economy grew by a higher-than-expected 4.8 per cent in the September quarter.

The domestic currency had lost three paise to close at 62.44 against the dollar on Friday amid demand for the US currency from oil refiners.

Forex dealers on Monday said increased selling of the US currency by exporters, a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas also supported the rupee.

The BSE Sensex rose 70.67 points, or 0.34 per cent, to 20,862.60 in early trade on Monday.

India rupee up 57 paise to 61.08 dollar in early trade

The rupee opened strong and was trading 57 paise up to 61.08 against the dollar in early trade at the Interbank Foreign Exchange market on Wednesday as the greenback fell against other currencies overseas after the weak US jobs report fuelled hopes the Federal Reserve will keep its stimulus programme in place.

Besides, increased dollar selling by exporters and a higher opening in the domestic equity market also supported the rupee, forex dealers said.

The rupee had lost 13 paise to close at 61.65 against dollar in Tuesday's trade on sustained demand from importers and banks as investors awaited US jobs data.

Meanwhile, the BSE benchmark Sensex was trading over 100 points down in late morning trade on Wednesday.

Rupee down 27 paise to Rs 61.79 against dollar in early trade

Extending its Monday's losses, the rupee lost 27 paise to Rs 61.79 against the US dollar in early trade on Tuesday on the Interbank Foreign Exchange due to appreciation of the Greenback against other overseas currencies.

Dealers attributed the fall in rupee to gains made by US dollar against the euro and other overseas currencies ahead of US jobs data and a lower opening in the domestic equity market.

Increased demand for the dollar from importers and banks also put pressure on the local currency.

The rupee weakened by 25 paise to close at Rs 61.52 against the dollar in Monday's trade on persistent demand from importers and banks as the US currency strengthened overseas.

Meanwhile, the BSE benchmark Sensex fell 31.74 points, or 0.15 per cent, to 20,862.15 in early trade on Tuesday.

Rupee advances to 7-week high at 61.45 against dollar

Selling of the US currency by banks and exporters triggered by its weakness overseas helped the Indian rupee advance by 28 paise to a seven-week high of 61.45 against the dollar in late morning deals on Friday.

Good foreign capital inflows into equity market also boosted the rupee value against the dollar, a forex dealer said.

The rupee resumed lower at 61.85 per dollar as against the Thursday's closing level of 61.73 at the Interbank Foreign Exchange (Forex) Market on mild dollar demand from some banks.

However, it recovered immediately to 61.34 before quoting 61.45 per dollar at 1045 hours, on fresh selling by banks and exporters.

It may be recalled that the dollar was quoted at 61.32 on August 16, 2013.

The domestic currency hovered in a range of 61.34 and 61.95 per dollar during the morning deals.

In New York market, the dollar hit an eight-month low against the euro on Thursday as investors grew more concerned about the economic effects of a prolonged shutdown and debt-ceiling debate.

Meanwhile, the benchmark BSE index Sensex moved down by 29.66 points or 0.15 per cent to 19,872.41 at 1125hours, after earlier touching the 20K level.