|Day's range||71.341 - 71.592|
|52-week range||64.4080 - 74.9000|
The central bank's board announced it after a post-budget meeting with Finance Minister Arun Jaitley and other ministry officials in New Delhi. This was on top of 500 billion rupees paid to the government in August 2018, including 100 billion rupees interim dividend paid in March 2018. Prime Minister Narendra Modi's government has been pushing the RBI for more money ahead of what is expected to be a tight national election due by May to fund a widening fiscal deficit.
The Indian rupee was weighed down after crude prices hit their highest since November 2018 on Monday. Additionally, the tensions over Kashmir affected the sentiments of investors. After opening lower at 71.35/dollar in the morning session, the local currency hit an
The rupee weakened by 15 paise to trade at 71.38 against the US dollar in early trade today amid heavy foreign fund outflows and subdued domestic equity markets.
Mumbai, Feb 17 (IANS) In a choppy week's trade, the Indian currency weakened against the US dollar to close above the 71 a dollar mark on Friday, owing to a sharp rise in crude oil prices, turmoil in the equity markets and uncertainty around the US-China trade relations. In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week. The rupee lost heavily towards the end of the week - over 70 paise in the last three trading session - as traders reacted to the sanction on Venezuela and production cut by OPEC and Saudi Arabia.
The rupee weakened by 17 paise to trade at 71.33 against the US dollar in opening session today following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices.
Rupee as well as the bond markets got a boost after softer-than-expected inflation dataForeign flows into bond market could get a boost, say analysts
The rupee appreciated by another 26 paise to 70.44 against the US dollar in opening trade today after retail inflation fell to a 19-month low of 2.05 per cent in January.
The weakness in the dollar against some currencies overseas as investors shifted their focus to riskier asset amid the US-China trade truce hopes, also supported the rupee.
The Indian rupee rose against the US dollar in the afternoon session below the 71-mark, making it the sixth straight day of gain for the domestic currency. It was trading at 70.85/dollar compared to its previous close of 71.17. Things to
The rupee’s recent pullback against the US dollar has been partly attributed to a softening in global crude oil prices from recent highsDespite the recent pullback, the rupee is still down about 2% against the US dollar so far this year
The rupee strengthened by 6 paise at 71.12 against the dollar in opening trade today, maintaining its upward trend for the sixth straight day on continued selling of the US currency by exporters and banks.
The rupee today appreciated by 13 paise to 71.32 against the US dollar in early trade after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'.
The rupee depreciated 20 paise to 71.76 in early trade at the forex market ahead of the Reserve Bank of India's interest rate decision.
Investing.com -- The euro slid to a new two-week low against the dollar in early trading in Europe Thursday as traders braced for more gloomy headlines about the economic outlook.
After reversing some of the deep losses in the final few months of 2018, the rupee has lost about 3 percent so far this year.
The rupee today appreciated by 8 paise to 71.49 in early trade on the forex market amid positive opening in domestic equities and fresh foreign fund inflows.
The Indian rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed. After reversing some of the deep losses in the final few months of 2018, the Indian rupee has lost about 3 percent so far this year, including nearly 1 percent since the government delivered a populist interim budget on Friday and inflamed concerns about the nation's fiscal deficit. While that outlook for the rupee, the worst-performing major Asian currency this year, was slightly better compared to the previous poll, it is largely driven by expectations the dollar's dominance has diminished.