On Friday, the rupee had settled at 72.96 against the American currency.
Reliance Securities said in a research note, The focus of the market is currently on the upcoming federal budget on Monday. Traders will watch for any announcements that could have a bearing on equity flows, and in turn on the rupee in the near term. Asian currencies were weak against the greenback and could keep appreciation bias limited.
Meanwhile, FM Sitharaman has initiated with the announcement of budget from Parliament. In this year s budget, the Centre is expected to primarily focus on manufacturing, Atmanirbhar Bharat and healthcare as main themes. Agriculture and infrastructure may also receive a push.
Rupee rises 7 paise to 73.01 per dollar amid positive equities
The domestic unit opened at 73.01 per US dollar at the interbank forex market and inched higher to 72.98 against the greenback, rising 7 paise over its previous close
BusinessToday.In | January 29, 2021 | Updated 11:58 IST
Meanwhile, the dollar index, advanced 0.31 per cent to 90.73 against a basket of six currencies
The rupee appreciated by 7 paise to 72.98 against the US dollar in opening trade on Friday, tracking positive domestic equities.
The domestic unit opened at 73.01 per US dollar at the interbank forex market and inched higher to 72.98 against the greenback, rising 7 paise over its previous close.
On Thursday, the rupee had settled at 73.05 against the American currency.
Rupee rises 8 paise to 72.86 per US dollar
The domestic unit opened at 72.91 at the interbank forex market, and inched 8 paise higher to 72.86 per dollar
BusinessToday.In | January 27, 2021 | Updated 10:56 IST
Meanwhile, the dollar index, rose 0.08 per cent to 90.23 against a basket of six currencies
Indian rupee, the domestic currency appreciated by 8 paise to 72.86 per US dollar on Wednesday s opening trade, ahead of the outcome of the US central bank s meeting.
The domestic unit opened at 72.91 at the interbank forex market, and inched 8 paise higher to 72.86 per dollar.
On Monday, the rupee had settled flat at 72.94 against the American currency. Forex and equity markets were closed yesterday on account of Republic Day.
Rupee rises 4 paise to 72.93 amid weak dollar, positive equities
The domestic unit opened at 72.95 per dollar at the interbank forex market, and inched 4 paise higher to 72.93 over its previous close of 72.97 per American currency
BusinessToday.In | January 25, 2021 | Updated 13:03 IST
Meanwhile, the dollar index, fell 0.13 per cent to 90.12 against a basket of six currencies
Indian rupee, the domestic currency benchmark, edged 4 paise higher at 72.93 per US dollar on Monday s opening trade, tracking positive opening in the domestic equities and weak American currency. The local unit was trading in a narrow range, ahead of the US Federal Reserve meeting, scheduled later this week.