Rupee gains 3 paise against U.S. dollar in early trade

The Indian rupee strengthened by 3 paise to Rs. 44.98 per dollar at the Interbank Foreign Exchange on Tuesday, supported by a higher opening in the stock market and dollar weakness against other currencies.

The rupee had appreciated by 12 paise to close at over a week’s high of Rs. 45.01/02 against the U.S. currency in Monday’s trade on sustained dollar-selling by exporters and banks.

Forex dealers said dollar weakness against the euro and other currencies and a higher opening in the stock market kept the rupee sentiment firm, but surging global crude oil prices limited the rise.

The Bombay Stock Exchange Sensex was up by 100.78 points, or 0.57 per cent, at 17,939.83 in opening trade Tuesday.

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Rupee gains 5 paise against U.S. dollar in early trade

The Indian Rupee strengthened by 5 paise to Rs. 45.20 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar’s weakness against other Asian currencies.

The rupee had depreciated by 19 paise to close at Rs. 45.25/26 against the US currency in yesterday’s trade on renewed dollar demand from banks and importers despite a weak dollar overseas.

Forex dealers said dollar’s weakness against other Asian currencies and a higher opening in the stock market helped the rupee gain some strength.

Meanwhile, the Bombay Stock Exchange Sensex was up by 200.42 points or 1.10 per cent at 18,368.06 level in opening trade today.

Keywords: rupee, forex, dollar

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Rupee down by 3 paise against U.S. dollar in early trade

The Indian rupee fell by 3 paise to Rs 45.07 per U.S. dollar in early trade at the Interbank Foreign Exchange on Tuesday, weighed down by gains registered by the American currency against other Asian rivals.

However, a higher opening in the stock market capped the losses.

The Indian rupee ended 6 paise lower at 45.04/05 per US dollar in the previous session due to mild dollar demand from importers amid weak equity markets.

Forex dealers said a mixed trend in other Asian currencies and a halt in the euro’s overnight rally against the dollar put some pressure on the Indian rupee, but a higher opening in the stock market restricted the losses.

Meanwhile, the Bombay Stock Exchange benchmark Sensex gained 116.93 points, or 0.64 per cent, to 18,339.60 in opening trade today

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Rupee falls by 15 paise against U.S. dollar

The rupee depreciated by 15 paise to 45.13 per U.S. dollar in early trade on Monday at the Interbank Foreign Exchange, weighed down by dollar gains against other Asian currencies and a weak start on the stock market.

Forex traders said that dollar gains against other Asian currencies and a weak opening on the stock market mainly put pressure on the rupee.

The rupee rose by 6 paise to close at 44.98/99 against the US currency in the previous session on Friday on the back of mild sale of dollars by exporters and some banks.

Meanwhile, the Bombay Stock Exchange benchmark Sensex fell by 262.29 points, or 1.42 per cent, to 18,224.16 in early trade.

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Rupee gains 10 paise against US dollar in early trade

The Indian rupee rose by 10 paise to 44.94 per US dollar at the Interbank Foreign Exchange on Friday, supported by a rally in the domestic stock market and dollar weakness against the euro overseas.

Forex dealers said a higher opening in the stock market and dollar losses against the euro and other currencies kept the rupee sentiment firm.

The rupee had lost 9 paise to close at Rs 45.04/05 per dollar in the previous session on fresh dollar demand from importers.

Meanwhile, the Bombay Stock Exchange index Sensex was up by 247.21 points, or 1.33 per cent, to 18,736.97 in early trade on Friday.

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Rupee gains 9 paise against U.S. dollar in early trade

The Indian rupee appreciated by 9 paise to Rs. 45.39 per dollar at the Interbank Foreign Exchange on Friday, supported by a higher opening in the stock market and dollar weakness against other currencies overseas.

The rupee had lost 36 paise to close at Rs. 45.48/49 a dollar in the previous session due to heavy month-end dollar demand from importers and a steep fall in the domestic equity market.

Forex dealers said dollar weakness against other currencies and a higher opening in the stock market kept the rupee sentiment firm.

The Bombay Stock Exchange Sensex was up by 166.87 points at 17,799.28 in opening trade Friday.

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Rupee down 3 paise against dollar in early trade

The Indian rupee fell 3 paise to Rs 45.33 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, weighed down by a weak opening in the stock market.



Dealers said the Indian currency's weakness was due to a lower opening in the stock market and some demand for the American currency. However, dollar depreciation against other Asian currencies capped the rupee's losses.

The rupee had appreciated 18 paise against the US currency to close at three-week high of Rs 45.30/31 on Tuesday on sustained dollar-selling by exporters and banks amid weakness of the greenback overseas.

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Rupee ends at over 3-week high of 45.30/31 against dollar

MUMBAI: The rupee on Tuesday completed its six- session-long rally and closed 18 paise up at an over three-week high of 45.30/31 against the US currency on sustained sale of dollars by exporters and banks amid a weak greenback overseas.



Forex dealers said that there was sustained dollar selling by exporters and some banks on the back of weak dollar overseas, which mainly supported the rupee rise.

Lack of any major dollar demand from importers, mainly oil refiners, also aided the rupee sentiment, they added.

Global crude oil was trading above USD 86 a barrel in London on Tuesday.

Meanwhile, the Bombay Stock Exchange benchmark Sensex closed sharply lower by 261.49 points or 1.45 per cent to 7-month low on all-round sell-off on fears of further hike in interest rates by the apex bank to tame the escalating inflation.

In active trade at the Interbank Foreign Exchange (Forex) market, the local currency opened strong at 45.37/38 a dollar from the previous close of 45.48/49.

It later moved in a range of 45.45 and 45.22 before ending the day at 45.30/31. In straight six-sessions of rally, the rupee gained 60 paise or 1.31 per cent.

The dollar index, gauging of six major currencies, was down by about 0.25 per cent in European market today.

The rupee premium for the forward dollar remained weak on sustained receivings by exporters. The benchmark six-month forward dollar premium payable in July ended down at 131-133 paise from Monday's close of 135-1/2-137-1/2 paise.

Far-forward contracts maturing in January also settled lower at 263-265 paise from 270-272 paise previously.

The Reserve Bank of India has fixed the reference rate for the dollar at Rs 45.39 and the euro at Rs 61.84.

The rupee continued to rule firm and closed at Rs 73.04/06 against the pound sterling from Monday's close of Rs 73.25/27 and ended a bit higher against the yen to Rs 55.22/24 per euro from Rs 55.23/25 previously.

It, however, fell back to Rs 61.84/86 per euro from its last close of Rs 61.63/65.

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Rupee loses against dollar, trading at 45.59/60

MUMBAI: The rupee failed to maintain initial gains and was trading flat at Rs 45.59/60 against the US dollar in early trade on the Interbank Foreign Exchange today amid mild dollar demand from banks and corporates.

The domestic unit opened lower at 45.61/62 per dollar as against last weekend's close of 45.59/60 per dollar, but firmed up immediately to 45.53 per dollar.



However, it failed to maintain the initial gains and was ruling steady at Rs 45.59/60 per dollar after moving in a tight range between Rs 45.53 and Rs 45.62 per dollar in morning deals.

The dollar extended its gains in the New York market last Friday following a mixed US jobs report that showed a decline in unemployment picture, but disappointing growth in payrolls.

Meanwhile, the Indian benchmark Sensex was trading higher by 49 points, or 0.27 per cent, in early trade today.

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Rupee down by 4 paise against US dollar in opening trade

The Indian rupee fell by 4 paise to Rs 45.65 against the US dollar in early trade at the Interbank Foreign Exchange on Friday, weighed down by gains registered by the greenback against other currency rivals.

Forex dealers said besides dollar gains against other Asian currencies, a weak opening in the stock market due to foreign fund outflows also put pressure on the Indian rupee.

The Indian rupee had ended flat at 45.61/62 against the US currency on Thursday.

The Bombay Stock Exchange benchmark Sensex opened 58.35 points lower at 18,390.78 in opening trade on Friday.

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Rupee gains 19 paise against dollar, at Rs 45.56

The Indian rupee gained 19 paise to Rs 45.56 against the US dollarin early trade at the Interbank Foreign Exchange on Wednesday, supported by a higher opening in the stock market and weakness of the American currency against the euro.

The Indian currency had appreciated 15 paise to close at Rs 45.75/76 against the US currency yesterday on the back of fresh dollar-selling by exporters, even as the equity market experienced sharp losses.



Dealers said in addition to dollar weakness against other currency rivals overseas, a higher opening in the stock market on Wednesday boosted the rupee sentiment.

Meanwhile, the Bombay Stock Exchange benchmark Sensex shot up 219.18 points, or 1.21 per cent, to 18,241.40 in opening trade.

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Rupee recovers 15 paise against dollar amid weak equity markets

Snapping its two-day long loosing streak, the rupee today closed 15 paise up against the U.S. currency on the back of fresh sales of dollars by exporters even as equity markets witnessed sharp losses.

According to Forex traders, a sudden gust of dollar selling by exporters and some corporates helped the rupee rise.

The Bombay Stock Exchange benchmark Sensex today closed sharply lower by 305.54 points or 1.67 per cent. It, however, did not impact the rupee sentiment.



At the Interbank Foreign Exchange (Forex) market, the local currency resumed better at 45.85/86 a dollar from its last close of 45.90/91 and immediately touched the day’s low of 45.90 due to weakness in local equities.

The dollar index of six major currencies was down by over 0.3 per cent to nearly 2-1/2 month low in European market today, which also aided the rupee sentiment.

The rupee later recovered smartly to a high of 45.7450 before concluding the day at 45.75/76.

Foreign Institutional Investors (FIIs) pulled out over USD 1.2 billion in the current calendar so far.

Meanwhile, global crude oil was trading above USD 91 a barrel in London today.

The rupee premium for the forward dollar ended higher on sustained paying pressure from banks and corporates. The benchmark six-month forward dollar premium payable in July closed slightly higher at 142-1/2-144-1/2 paise from 142- 143-1/2 paise previously.

Far-forward contracts maturing in January also finished up at 271-273 paise from 264-1/2-266 paise on Monday.

The Reserve Bank of India has fixed the reference rate for the dollar at Rs. 45.81 and the euro at Rs. 62.84.

The rupee continued to rule weak to close at Rs. 73.68/70 against the pound sterling from overnight closing level of Rs. 72.98/73.00 and also dropped further against the yen to Rs. 56.13/15 per 100 yen from Rs. 55.84/86 previously.

It, however, fell back to Rs. 62.95/97 per euro from its last close of Rs. 62.45/47.

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Indian rupee ends off 2-mth low; euro strength supports

The Indian rupee ended down but off a two-month low on Monday, helped by gains in the euro, but domestic share losses weighed on the local unit.

Dealers, however, see the rupee weakening further on the back of weak global cues and continued outflow of foreign institutional investor funds.

"The rupee could weaken further quite easily. I don't think there are too many positive triggers," said Ashtosh Raina, head of foreign exchange trading at HDFC Bank.



He expects the rupee to trade in a broad range of 45.50 to 46.50 per dollar in the near term.

The partially convertible rupee INR=IN ended at 45.90/91, after falling to 46.01, its lowest since Nov. 30. It had closed at 45.7525/7625 per dollar on Friday.

The euro rose against the dollar on Monday as above-forecast euro zone inflation kept alive the view that interest rates in the region may rise sooner than previously thought. [USD/]

The rupee is likely to track domestic shares and global markets amidst continuing negative sentiment, dealers said.

Indian shares on Monday posted their worst monthly fall in more than two years, tracking weak global markets as anti-government protests in Egypt led to risk aversion, with inflation and rate rise fears further dampening sentiment. [.BO]

Emerging Asian currencies fell broadly, with the Thai baht hitting a five-month low. [EMRG/FRX]

Foreign funds were net sellers of $1.19 billion worth of shares this month until Friday, pushing the rupee down over 2 percent. Last year, investments had reached a record $29.3 billion, helping the unit gain 4.1 percent.

In the currency futures market INRFUTURES, the most traded near-month dollar-rupee contracts on the National Stock Exchange was at 46.13 per dollar, MCX-SX at 46.1275 and United Stock Exchange was at 46.1350. Total traded volume was $7.36 billion

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