The rupee has already lost 2.6 per centagainst the dollar so far this month
The rupee s near-term fortunes may directly be influenced by the Reserve Bank of India s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6 per cent against the dollar so far this month, putting it on the cusp of marking its worst month, since the pandemic hit the country early last year. INR is likely to trade with a depreciating bias on the back of a stronger dollar, relatively weaker EM currencies, muted EM inflows and rising COVID-19 cases in India, said Sameer Narang, chief economist at state-run Bank of Baroda.
Rupee Vs Dollar Today: Rupee settled at 72.72 against the American currency
The rupee gained 65 paise against the US dollar on Wednesday, March 3, to settle at 72.72 (provisional) tracking positive domestic equities led by Reliance Industries, and weakness in the American dollar. At the interbank foreign exchange market, the domestic unit opened at 73.26 against the dollar and registered an intra-day high of 72.71. It witnessed a low of 73.26. In an early trade session, the local unit gained 22 paise to 73.15 against the greenback. The rupee settled at 72.72 against the American currency, witnessing a rise of 65 paise over its previous closing. On Tuesday, March 2, the local unit had settled at 73.37 against the dollar.
Rupee Vs Dollar Today: The rupee settled at 73.37 against the dollar
Rupee gained 18 paise against the US dollar on Tuesday, March 2, to settle at 73.37 (provisional), supported by positive domestic equities amid better risk appetite. At the interbank foreign exchange market, the domestic unit opened at 73.32 against the dollar and registered an intra-day high of 73.31. It regsitered a low of 73.48. In an early trade session, the local unit gained 23 paise to 73.32 against the greenback. The rupee closed at 73.37 against the American currency, witnessing a rise of 18 paise over its previous closing. On Monday, March 1, the local unit settled at 73.55 against the dollar.
Rupee Vs Dollar Today: The local unit closed at 72.65 against the American currency.
Rupee Vs Dollar Today: The rupee pared its initial losses to settle higher by nine paise against the US dollar on Thursday, February 18, at 72.65 (provisional) against the US dollar on Thursday, tracking losses in domestic equities. At the interbank foreign exchange market, the local unit opened lower at 72.76 tracking selloff in domestic equities and touched an intraday high of 72.65. It registered a low of 72.78 during the day. In an early trade session, the domestic unit opened flat, slipping two paise to 72.76 against the dollar. On Wednesday, February 17, the local unit had settled at 72.74 against the American currency.
Rupee Vs Dollar Today: Rupee settled at 72.74 against the American currency
Rupee Vs Dollar: The rupee settled five paise lower against the US dollar on Wednesday, February 16, at 72.74 (provisional) tracking losses in the domestic equity markets and a stronger American currency. At the interbank foreign exchange market, the domestic unit opened at 72.90 against the dollar and registered an intra-day high of 72.72. It witnessed a low of 72.92. In an early trade session, the local unit slumped as much as 23 paise to 72.92 against the greenback. The rupee closed five paise lower at 72.74 against the American currency. On Tuesday, February 16, the local unit had settled at 72.69 against the dollar.