Rupee hits 2-month low against dollar on US rate hike fears.
There is high demand for the US currency from importers
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
Rupee fell to 45.03 in the Interbank Foreign Exchange Market against the dollar in morning trade today on worries of capital outflows which may increase because of equity sales by foreign investors.
on Monday, the rupee ended lower by 4 paise.
Lower dollar in the overseas market also boosted the rupee value
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The domestic currency had gained seven paise on Friday.
Rupee logs longest winning streak since 2012; up 19 paise.
On Friday, the rupee had lost 6 paise.
Sustained inflows of foreign funds supported the rupee
The rupee extended gains for the fourth straight day against the US currency on Thursday.
The Rupee is seen weakening further against the dollar.
The rupee had dropped by 18 paise to end at 66.40
The rupee snapped 2-day rise to end weaker against the dollar on Thursday.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
Forex dealers said besides the dollar gaining against other currencies in the global markets on the back of a strong US economy, increased demand for the American unit from importers weighed on the rupee but a higher opening in the domestic equity markets, capped the fall.
The rupee slumped to 64-level against the American currency, its second straight fall this week.
Rupee closed at 61.86 against the dollar on Tuesday.
The rupee weakened even as the dollar fell against major global currencies
The Indian rupee today dipped to a two-year low of 46 against the US dollar following heavy demand from importers for the greenback.
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
The rupee is trading weak against the dollar in afternoon trade.
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The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
Rupee gains for 4th day against dollar, up 17 paise on Fed stance.
Rupee ends flat against dollar ahead of Fed policy outcome.
Weak dollar against other currencies overseas supported the rupee
After a a steep fall last week, the rupee has closed slightly stronger against the dollar.
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
Rupee hits 2-month low, down 21 paise against dollar.
Indian rupee washed out initial losses against the greenback.
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
The rupee had closed with a gain of 12 paise on Friday.
The rupee hovered in a narrow range of 62.20 and 62.28
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
Concerns related to capital outflows in the aftermath of the first US interest rate hike in nearly a decade predominantly weighed on the rupee trade.
Resuming its slide against the greenback, the Indian rupee plunged to its more than one-year low of 41.76/77 against a US dollar. Heavy demand for US currency in view of high oil prices continued modest on its short supply. The Interbank Foreign Exchange (Durex) market witnessed brisk trade with wide fluctuations in the local currency in a range of 41.55 and 41.79 during the day. The local currency lost 41 paise against the US counterpart.
In worldwide trade, the US dollar continued its highly bullish trend against all major emerging market currencies
