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Tag: rupee value today

  • Rupee good points 20 paise to 81.50 in opposition to greenback

    (PTI) The rupee rose by 20 paise to 81.50 in opposition to the US foreign money in morning commerce on Wednesday following a weak greenback within the international markets.

    Early losses in home inventory markets and a rebound in oil costs, nonetheless, restricted the rupee’s good points.

    At the interbank international alternate, the rupee opened larger at 81.62 and rose additional to a excessive of 81.49 in morning commerce.

    The rupee was buying and selling at 81.50 to a greenback at 0950 hrs. The native foreign money had closed decrease at 81.70 on Tuesday.

    The US greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, slipped 0.04 per cent to 101.88.

    The Brent crude was buying and selling 0.43 per cent decrease at USD 86.48 per barrel whereas the oil for the Indian basket traded down 2.69 per cent at USD 79.98 per barrel.

    On the home fairness market entrance, the 30-share BSE Sensex declined by 268 factors or 0.44 per cent to 60,709.93. The broader NSE Nifty declined by 90.25 factors or 0.5 per cent to 18,028.05.

    Foreign Institutional Investors (FIIs) have been web sellers within the capital market on Tuesday as they offered shares value ₹760.51 crore, in line with alternate information.

     

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  • Rupee falls 28 paise to 81.70 in opposition to US greenback

    (PTI) The rupee fell 28 paise to shut as 81.70 (provisional) in opposition to the US greenback on Tuesday as unabated overseas fund outflow hit market sentiments.

    However, a weak greenback and fall in crude costs capped the losses within the native foreign money, foreign exchange merchants mentioned.

    At the interbank overseas change market, the rupee opened decrease at 81.61 to a greenback in opposition to the earlier shut of 81.42. The native unit moved in a variety of 81.43 to 81.76 throughout the day.

    On Monday, the rupee had declined by 25 paise to shut at 81.42 in opposition to the US greenback.

    Meanwhile, the US greenback index, which gauges the dollar’s energy in opposition to a basket of six currencies, declined 0.01 per cent to 102.15 amid issues over US financial development.

    The Brent crude was buying and selling 0.41 per cent decrease at USD 87.83 per barrel.

    On the home fairness market entrance, the 30-share BSE Sensex ended nearly flat at 60,978.75, up 37.08 factors or 0.06 per cent. The broader NSE Nifty inched up 0.25 factors to18,118.30.

    Foreign Institutional Investors (FIIs) have been internet sellers within the capital market on Monday as they bought shares price ₹219.87 crore, in response to change information.

     

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  • Rupee positive factors 29 paise to shut at 82.37 in opposition to US greenback

    (PTI) The rupee gained 29 paise to shut at 82.37 (provisional) in opposition to the US greenback on Monday, supported by a weaker buck abroad and a agency development in home equities.

    At the interbank overseas trade market, the native unit opened at 82.41 and touched an intra-day excessive of 82.25 and a low of 82.44 in opposition to the buck.

    It lastly ended at 82.37 (provisional), registering an increase of 29 paise over its earlier shut.

    On Friday, the rupee settled at 82.66 in opposition to the greenback.

    The greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, declined 0.24 per cent to 103.62.

    According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee strengthened in step with Asian currencies and touched a month excessive.

    “In the last couple of days, the rupee has underperformed among its regional peers amid a headwind of wide current account deficit and foreign fund outflows. But now, looking at the recent high-frequency data and rebound in the risk assets, we could see the rupee start catching up with the other Asian currencies,” Parmar mentioned.

    The near-term focus can be on the motion of the Chinese yuan and this week’s inflation information from the US and India, he added.

    On the home fairness market entrance, the 30-share BSE Sensex superior 846.94 factors or 1.41 per cent to finish at 60,747.31, whereas the broader NSE Nifty jumped 241.75 factors or 1.35 per cent to 18,101.20.

    Global oil benchmark Brent crude futures rose 3.27 per cent to USD 81.14 per barrel.

    Foreign Institutional Investors (FIIs) have been web sellers within the capital markets on Friday as they offloaded shares price ₹2,902.46 crore, in line with trade information.

     

     

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  • Rupee at 1-month excessive as U.S. information stokes smaller Fed hike hopes

    (Reuters) – The Indian rupee strengthened sharply on Monday, because the greenback index plunged after financial information launched final week fanned hopes of the Federal Reserve slowing the tempo of its rate of interest hikes.

    The rupee was buying and selling round a one-month excessive of 82.30 per greenback by 10:15 a.m. IST, as in comparison with its earlier shut of 82.72.

    “A break of 82.40-level was critical and if USD/INR stays below this, the pair could drop to 81.80-81.50 in the coming days”, stated Sajal Gupta, head foreign exchange and charges at Edelweiss Financial Securities.

    Asian currencies and shares bought a lift because the greenback index and Treasury yields prolonged Friday’s decline after information confirmed wage development within the United States slowed month-over-month whereas companies exercise contracted for the primary time in over 2-1/2 years.

    At the identical time, a soar within the workforce prompt the U.S. job market was beginning to transfer the way in which the Fed had hoped.

    Markets have decreased their expectations of a giant charge enhance subsequent month, with futures implying a close to 75% likelihood of a 25 foundation level hike.

    Investors will now deal with the buyer worth index information due on Thursday throughout U.S. hours.

    Inflation information in India can be due on Thursday and is predicted to chill for the month of December, however core inflation might keep elevated, analysts at Standard Chartered stated.

    Meanwhile, authorities forecasts launched final Friday confirmed financial development was anticipated to sluggish within the monetary yr ending March, as pandemic-related distortions ease and pent-up demand for items ranges out going into 2023.

     

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  • Rupee beneficial properties 14 paise to 81.14 towards US greenback in early offers

    The rupee appreciated 14 paise to 81.14 towards the American foreign money in early commerce on Tuesday on constructive home macroeconomic knowledge and easing crude oil costs.

    Forex merchants stated sustained international fund inflows additionally supported the native unit.

    At the interbank international alternate, the home unit opened at 81.18 towards the greenback, then gained additional floor to the touch 81.14, registering an increase of 14 paise over its earlier shut.

    On Monday, the rupee depreciated by 50 paise to shut at 81.28 towards the US foreign money.

    Meanwhile, the greenback index, which gauges the dollar’s power towards a basket of six currencies, rose 0.30 per cent to 106.97.

    Brent crude futures, the worldwide oil benchmark, declined 0.13 per cent to USD 93.02 per barrel.

    In the home fairness market, the 30-share BSE Sensex was buying and selling 21.13 factors or 0.03 per cent decrease at 61,603.02. The broader NSE Nifty rose 3.50 factors or 0.02 per cent to 18,332.65.

    Foreign Institutional Investors (FIIs) have been internet consumers within the capital markets on Monday as they bought shares value Rs 1,089.41 crore, in line with alternate knowledge.

    On the home macroeconomic entrance, indicating easing of the value scenario, retail inflation moderated to six.7 per cent in October whereas the wholesale worth index-based inflation fell to a 19-month low primarily on account of subdued charges of meals objects.

  • Rupee falls 15 paise to 80.93 towards US greenback in early commerce

    The rupee witnessed heavy volatility in early commerce on Monday and depreciated 15 paise to 80.93 towards the US greenback in keeping with a muted pattern in home equities.

    At the interbank international trade, the home unit opened on a robust be aware at 80.53 towards the greenback, then pared the positive aspects to cite at 80.93, registering a lack of 15 paise over its earlier shut.

    On Friday, the rupee appreciated by 62 paise to shut at 80.78 towards the greenback.

    “We expect the rupee to trade in 80.40-80.70 range intra-day with appreciation bias. A test of 80.10 in this swing is possible. We are likely to see some more inflows till month end into domestic equities on MSCI index re-balancing,” IFA Global Research Academy mentioned in a analysis be aware.

    Meanwhile, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, superior 0.49 per cent to 106.80.

    Brent crude futures, the worldwide oil benchmark, rose 0.28 per cent to USD 96.26 per barrel.

    In the home fairness market, the 30-share BSE Sensex was buying and selling 21.62 factors or 0.03 per cent down at 61,773.42, and the broader NSE Nifty was buying and selling up 19.80 factors or 0.11 per cent to 18,369.50.

    Foreign Institutional Investors (FIIs) had been internet consumers in capital markets as they bought shares price Rs 3,958.23 crore on Friday, based on trade information.

    Meanwhile, India’s international trade reserves dropped by USD 1.087 billion to USD 529.994 billion within the week ended November 4 on a pointy decline in gold reserves, the Reserve Bank mentioned on Friday.

    On the home macroeconomic entrance, India’s industrial manufacturing expanded by 3.1 per cent in September, boosted by manufacturing, mining and energy sectors, based on official information launched on Friday.

    Factory output had contracted by 0.7 per cent within the previous month (August 2022). It grew by 2.2 per cent in July this 12 months.

  • Rupee beneficial properties 62 paise to shut at 80.78 towards US greenback

    The rupee appreciated by 62 paise to shut at 80.78 (provisional) towards the US greenback on Friday, as moderating US CPI information coupled with a fall within the greenback index boosted investor sentiments.

    Forex merchants mentioned constructive home equities and sustained international fund inflows additionally supported the native unit.

    At the interbank international alternate market, the native unit opened at 80.76 and touched an intra-day excessive of 80.58 and a low of 80.99 towards the dollar.

    The native unit lastly settled at 80.78, registering an increase of 62 paise over its earlier shut of 81.40.

    “The Indian rupee appreciated on weak US Dollar and positive domestic markets. Sustained FII inflows also supported Rupee,” mentioned Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.

    However, a surge in crude oil costs capped sharp beneficial properties.

    US inflation and core inflation declined to 7.7 per cent and 6.3 per cent in October from 8.2 per cent and 6.6 per cent in September, respectively, amid hopes that inflation could have peaked and Fed is not going to elevate charges aggressively, Choudhary mentioned.

    “We expect Rupee to trade with a positive bias on rise in risk appetite in global markets and weakness in the greenback,” Choudhary mentioned.

    Traders are anticipated to stay cautious forward of business manufacturing information from India and shopper sentiment information from the US on Friday, he added.

    Meanwhile, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, slipped 0.82 per cent to 107.31.

    Global oil benchmark Brent crude futures surged 2.56 per cent to USD 96.07 per barrel.

    On the home fairness market entrance, the 30-share BSE Sensex superior 1,181.34 factors or 1.95 per cent to finish at 61,795.04, whereas the broader NSE Nifty gained 321.50 factors or 1.78 per cent to 18,349.70.

    Foreign Institutional Investors (FIIs) had been internet patrons within the capital markets on Thursday as they bought shares value Rs 36.06 crore, in line with alternate information.

  • Rupee falls 17 paise to 81.64 in opposition to US greenback in early commerce

    The rupee depreciated 17 paise to 81.64 in opposition to the US greenback in morning commerce on Thursday, monitoring weak home equities forward of US inflation information.

    Forex merchants mentioned the main focus shall be on the US October CPI print scheduled to be launched afterward Thursday.

    At the interbank overseas alternate, the home unit opened at 81.61 in opposition to the greenback, then misplaced additional floor to cite at 81.64, registering a lack of 17 paise over its earlier shut.

    On Wednesday, the rupee appreciated by 45 paise to shut at 81.47 in opposition to the US greenback.

    “A poorer than-expected show by the Republicans in the midterms too is hurting sentiment. Republicans are likely to take over control of the House with a narrower margin than earlier expected and the Senate race is still wide open,” IFA Global Research Academy mentioned in a analysis observe.

    It additional added that Fed member Neel Kashkari mentioned the Fed would do what it must do to decrease inflation and that any speak of a Fed pivot is solely untimely.

    Meanwhile, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, fell 0.26 per cent to 110.26.

    Brent crude futures, the worldwide oil benchmark, rose 0.06 per cent to USD 92.71 per barrel.

    In the home fairness market, the 30-share BSE Sensex was buying and selling 412.38 factors or 0.68 per cent down at 60,621.17, and the broader NSE Nifty fell 95.30 factors or 0.52 per cent to 18,061.70.

    Foreign Institutional Investors (FIIs) had been web consumers in capital markets as they bought shares value Rs 386.83 crore on Wednesday, based on alternate information.

  • Rupee features 45 paise to shut at 81.47 towards US greenback

    The rupee appreciated by 45 paise to shut at 81.47 (provisional) towards the US greenback on Wednesday amid fall in crude oil costs, greenback weak spot and sustained overseas fund inflows.

    At the interbank overseas trade market, the native unit opened at 81.43, and witnessed an intra-day excessive of Rs 81.23 and low of Rs 81.62 in the course of the session.

    The native unit lastly settled at 81.47 towards the American forex, registering an increase of 45 paise over its earlier shut.

    On Monday, the rupee had settled at 81.92 towards the US greenback. The foreign exchange market was closed on Tuesday on account of ‘Gurunanak Jayanti’.

    Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, rose 0.18 per cent to 109.83.

    Global oil benchmark Brent crude futures fell 0.64 per cent to USD 94.75 per barrel.

    “Rupee continued to gain strength as the broader dollar witnessed selling pressure at higher levels. The greenback continued to remain weighed down also ahead of the US mid-term elections results,” stated Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services.

    Some market contributors recommend a robust likelihood of Republicans profitable a House majority and a good race for Senate management.

    “We expect the USD-INR (Spot) to trade sideways and quote in the range of 81.30 and 81.80,” Somaiya stated.

    On the home fairness market entrance, the 30-share BSE Sensex declined 151.60 factors or 0.25 per cent to finish at 61,033.55, whereas the broader NSE Nifty fell 45.80 factors or 0.25 per cent to 18,157.00.

    Foreign Institutional Investors (FIIs) had been web consumers within the capital markets as they bought shares value Rs 1,948.51 crore on Monday, in line with trade information.

  • Rupee beneficial properties 47 paise to shut at 82.41 in opposition to US greenback

    The rupee appreciated by 47 paise to shut at 82.41 (provisional) in opposition to the US greenback on Friday, because the dollar retreated from its elevated ranges.

    At the interbank international trade market, the native unit opened at 82.85 and eventually settled at 82.41 in opposition to the American forex, registering an increase of 47 paise over its earlier shut amid a optimistic pattern in home equities.

    On Thursday, the rupee had closed 8 paise decrease at 82.88.

    Meanwhile, the greenback index, which gauges the dollar’s energy in opposition to a basket of six currencies, slipped 0.34 per cent to 112.54.

    Global oil benchmark Brent crude futures rose 2.05 per cent to USD 96.61 per barrel.

    “Euro and Pound too recovered on Friday from intraday lows as broader dollar retraced against its major crosses,” stated Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.

    On Thursday, pound fell sharply in opposition to the US greenback after the Bank of England raised charges by 75 bps.

    “We expect the USD-INR (Spot) to trade sideways and quote in the range of 82.50 and 83.30,” Somaiya added.

    On the home fairness market entrance, the 30-share BSE Sensex superior 113.95 factors or 0.19 per cent to finish at 60,950.36, whereas the broader NSE Nifty gained 64.45 factors or 0.36 per cent to 18,117.15.

    Foreign Institutional Investors (FIIs) have been internet consumers within the capital markets on Thursday as they bought shares price Rs 677.62 crore, in line with trade knowledge.