Forex-Markets-Economic Times
Rupee opens 7 paise lower at 71.27 against dollar
“Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.
Rupee settles nearly flat at 71.24 against US dollar
At the interbank foreign exchange market, the local currency opened at 71.25.
Currency hedge: RBI buys 15 tonnes of gold in Oct-Nov
Safety of its forex asset is the prime reason that central banks park foreign exchange assets in the form of gold.
Safe-haven currencies pull back as geopolitical tensions ease
Against a basket of currencies the dollar index firmed 0.1 per cent to 96.772.
RBI allows 24x7 forex mkt ops via select banks
select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours
India allows late foreign-exchange deals to lure trade home
London has overtaken Mumbai to become the top center for trading the rupee
Forex reserves touch record high at $453 billion
Reserves rose by $2.34 billion during the week under review.
Rupee slips 12 paise to 71.74 against dollar
Rupee finally settled at 71.74, lower by 12 paise against its previous close.
Rupee opens 5 paise down at 70.99 against dollar
Today’s economic calendar is muted and that could keep the dollar confined in a narrow range.
Rupee ends flat at 71.14 versus US dollar
Global benchmark Brent crude oil futures rose 0.35 per cent to $60.12 per barrel.
Rupee may continue to remain weak on volatility in global markets
Outflow of foreign funds has also hampered the movement of rupee.
Forex reserves down $446 million to $428.6 billion
The reserves declined by a steep $1.45 billion to $429.050 billion last week.
Rupee logs 3rd straight day gains, up 12 paise at 71.72
Indian currency has appreciated by 67 paise in the last three trading sessions.
Rupee pares gains, settles flat at 69.36 a US dollar
Rupee opened at 69.32 a dollar and touched a low of 69.40 and high of 69.22 during the day.
Rupee does U-turn, rises 23 paise to 69.35 against US dollar
After opening on a weak note, rupee recovered and finally settled 23 paise higher at 69.35.
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