Persistent fall in crude oil prices affected the market sentiment
The dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.19 per cent at 95.48.
'It will be the end of the Congress after the Lok Sabha election.' 'Many Congressmen and even Communists will move to the BJP.'
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
A weak dollar in overseas market boosted the rupee sentiment
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
A 10 per cent-plus movement of currency in a few weeks is definitely concerning for the companies.
The dollar's weakness against some currencies overseas limited the rupee's fall.
India captain Virat Kohli, senior batsman Mahendra Singh Dhoni and stylish left-handed batsmen Yuvraj Singh and Suresh Raina, have found places in this year's ESPN World Fame 100 list that made its debut last year.
Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms, and 2.3 per cent returns in dollars. And, had it not been for the very high inflow of smuggled gold and the huge discount prevailing in the market due to high prices, the returns in gold would have been much higher, analysts said. The precious metal has consistently been delivering positive returns in India since 2016.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
The rupee briefly touched 66.78 in late afternoon trade due to stray dollar buying by some banks.
SBI was the top gainer, soaring over 5 per cent, followed by Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj Finserv and HCL Tech.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
A weak dollar against major world currencies supported the domestic unit.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
A weak US dollar in overseas markets was the main reason for the rupee's rise even as losses in domestic stocks and some fag-end dollar demand from importers prevented further gains
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
Dwaipayan Bose on how index funds play a key role in the diversification of portfolios and help manage risks
The public sector behemoth is looking at forming joint ventures with states.
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
The rupee had shed 10 paise to close at 66.14.
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
They all seem to forget that the Music Academy is as much an independent institution as T M Krishna is an individual musician. In drawing those red lines for the Academy management, they do not even seem to recognise that they too have crossed a red line themselves, points out N Sathiya Moorthy.
For the week, the battered rupee gained 26 paise against the greenback
'This time, triumph will belong to the brother who promises a brighter future, not the one who merely remembers his sisters during elections and then vanishes.'
Unwinding of long dollar positions by banks too aided the sentiment
India's current account deficit narrowed sharply to just $300 million
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
Weakness of dollar in the overseas market also boosted the rupee value.
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
Amid the absence of some big names, the Indian Premier League 2023 kicks off with defending champs Gujarat Titans facing a formidable Chennai Super Kings.
The rupee resumed lower at 61.15 per dollar as against the last weekend's level of 61.07 at the Interbank Foreign Exchange market and hovered in the range of 61.15 and 61.28 before quoting at 61.24 per dollar at 1030 hours.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
