The rupee declined by 8 paise to close at 73.42 against the US currency on Wednesday, snapping its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices. At the interbank forex market, the local unit opened lower at 73.51 against the greenback and traded in the range of 73.39 to 73.51 during the day. The rupee finally ended at 73.42 against the American currency, registering a fall of 8 paise over its previous closing of 73.34. Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, rose 0.14 per cent to 90.26. Indian Rupee depreciated amid risk aversion in the global markets and surge in crude oil prices. Market sentiments are hurt as investors are worried over rising inflationary pressure in the US and escalating geopolitical tension between Israeli and Palestinians, said Saif Mukadam, Research Analyst, Sharekhan by BNP Paribas.
Rising for the second day in a row, the rupee closed 10 paise higher at 73.85 against the US currency on Tuesday on dollar selling by traders. A stronger dollar in the global markets, losses in the domestic equities and high crude oil prices, however, restricted the gain in the local unit. The Indian Rupee appreciated for the 2nd successive session against the US Dollar this Tuesday as traders trimmed their dollar long positions, said Sriram Iyer, Senior Research Analyst at Reliance Securities. At the interbank forex market, the rupee opened at 73.83, and hit an intra-day high of 73.76 and a low of 73.97. On Monday, the rupee had settled at 73.95 against the American currency.
Rupee Extends Gains For 3rd Day; Rises By 30 Paise To Nearly 2-Week High Against Dollar
At the interbank forex market, the local unit opened at 74.49 against the greenback and witnessed an intra-day high of 74.29 and a low of 74.50.
PTI 28 April 2021 File Photo PTI 2021-04-28T18:09:38+05:30 Rupee Extends Gains For 3rd Day; Rises By 30 Paise To Nearly 2-Week High Against Dollar outlookindia.com 2021-04-28T18:12:15+05:30
The rupee rose by 30 paise to close at a nearly two-week high of 74.36 against the US dollar on Wednesday, extending its gains for a third day on the back of a strong rally in domestic equities.
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Rupee Extends Gains For Second Day; Closes Up By 7 Paise At 74.66 Against Dollar
At the interbank forex market, the local unit opened at 74.65 against the greenback and witnessed an intra-day high of 74.51 and a low of 74.73.
PTI 27 April 2021 Representational Image PTI 2021-04-27T16:20:30+05:30 Rupee Extends Gains For Second Day; Closes Up By 7 Paise At 74.66 Against Dollar outlookindia.com 2021-04-27T16:23:29+05:30
The rupee appreciated by 7 paise to close at 74.66 (provisional) against the US dollar on Tuesday on the back of positive domestic equities.
At the interbank forex market, the local unit opened at 74.65 against the greenback and witnessed an intra-day high of 74.51 and a low of 74.73.