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Mumbai, Dec 1 (PTI) The rupee traded in a narrow range against the US dollar in early trade on Monday, as the support from positive domestic equities was negated by elevated crude oil prices and foreign fund outflows. Forex traders said significant dollar demand by importers has exerted persistent downward pressure on the local currency. Moreover, investors are adopting a cautious stance amid ongoing trade tensions with the US, with expectations of a settlement towards the end of the year. At th

Mumbai, Nov 27 (PTI) Stock market benchmark indices extended their previous days rally in early trade on Thursday, with the Nifty hitting its fresh record high amid favourable global trends on growing hopes of a US Fed rate cut and foreign fund inflows. The 30-share BSE Sensex advanced 313.38 points to 85,922.89 in early trade. The 50-share NSE Nifty rallied 90.25 points to hit an all-time high of 26,295.55. The broader index had earlier scaled its record intra-day high of 26,277 on September 27

Mumbai, Nov 24 (PTI) The rupee rebounded on Monday from record lows, rising 49 paise to 89.17 against the greenback in early trade on US dollar selling by banks and a dip in global crude oil prices. A positive opening in the domestic equity markets and intervention by the Reserve Bank of India (RBI) lent support to the domestic unit, according to forex traders. The rupee opened at 89.46 against the greenback before rising to 89.17, up 49 paise from its previous close. The rupee plunged 98 paise

Mumbai, Nov 21 (PTI) The rupee pared initial losses and showed a slight recovery of 5 paise trading at 88.63 against the US dollar in early trade on Friday on the back of lower crude oil prices overseas and foreign capital infusion in domestic stocks. The local currency, however, remained under pressure tracking a firm greenback and negative cues from domestic equity markets, forex traders said. At the interbank foreign exchange market, the rupee opened at 88.67 and gained some ground to trade a

Mumbai, Nov 14 (PTI) The rupee depreciated by 5 paise to 88.75 against the US dollar in early trade on Friday, tracking a negative trend in domestic equities and foreign fund outflows. Forex traders said investors are taking a cautious approach due to the lack of an announcement on the India-US trade deal. At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar before dropping to 88.75, down 5 paise from its previous close. On Thursday, the rupee settled 8 paise

Mumbai, Nov 10 (PTI) The rupee fell 4 paise to 88.69 against the US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices. Forex traders said the rupee sentiment remained fragile amid global uncertainty. The US shutdown is providing a counter-intuitive lift to the dollar, with government spending halted, fewer dollars are circulating tightening supply and offering short-term support to the currency, they said.

Mumbai, Nov 10 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after sliding for the past three sessions tracking positive trends in Asian markets and buying in blue-chip stocks. Besides, traders said fresh foreign fund inflows also supported investors sentiment. The 30-share BSE Sensex climbed 267.74 points or 0.32 per cent to 83,484.02 in early trade. The 50-share NSE Nifty advanced 84.90 points or 0.33 per cent to 25,577.20. Among the 30 Sensex firms, Asian

Mumbai, Oct 31 (PTI) The rupee showed some recovery and traded 5 paise higher at 88.64 against the dollar in early trade on Friday, tracking lower crude oil prices and weaker American currency. According to forex traders, the outflow of foreign funds amid selling pressure in the equity markets prevented a sharp gain in the domestic unit. At the interbank foreign exchange, the rupee opened at 88.60 rose slightly to 88.59 before trading at 88.64 against the greenback, up 5 paise from its previous

Mumbai, Oct 28 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Tuesday amid profit-taking and weak trends in Asian markets. The 30-share BSE Sensex declined 150.68 points or 0.18 per cent to settle at 84,628.16. During the day, it fell by 559.45 points or 0.65 per cent to 84,219.39. The 50-share NSE Nifty dipped 29.85 points or 0.11 per cent to 25,936.20. The Nifty-50 traded within a narrow 25,80026,000 range for most of the day, reflecting cautious sentiment ahead of key global e

Mumbai, Oct 10 (PTI) The rupee traded almost flat at 88.78 in the early session on Friday, hovering near all-time lows against the US dollar due to a stronger greenback in the overseas markets. Forex traders said the rupee is expected to trade in a narrow range with a chance of breaking the all-time closing low level of 88.80 in the absence of RBI intervention. At the interbank foreign exchange market, the rupee opened lower at 88.80 but soon recovered to touch 88.78 against the US dollar, regis

Mumbai, Sep 24 (PTI) Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors sentiment. The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05. From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among th

Mumbai, Sep 23 (PTI) The rupee depreciated 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as headwinds like enhanced US tariffs on Indian goods, as well as the US H-1B Visa fee hike, dented investor sentiments. Forex traders said that global risk aversion and trade policy uncertainty have also exacerbated the rupees depreciation. At the interbank foreign exchange, the rupee opened at 88.41, then lost further ground and touched an intraday low of 88

New Delhi, Sep 17 (PTI) Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserves policy decision. According to the All India Sarafa Association, gold of 99.5 per cent purity declined by Rs 1,300 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Wednesday. On Tuesday, the precious metal of 99.9 per cent and 99.5 per cent purity had jumped Rs 1,800 ea

Mumbai, Sep 16 (PTI) The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday. Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trumps tariff shocks. Accordingly, the Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) m

Mumbai, Sep 12 (PTI) The rupee witnessed range-bound trading in moring deals on Friday and depreciated 7 paise to 88.42 against the US dollar, as tariff-led pressure on Indias exports and sustained foreign fund outflows dented investors sentiments. Forex traders said the domestic unit is hovering around its all-time low level amid a recovery in the US dollar index and persistent foreign fund outflows. Dollar demand from importers and ongoing tariff issues between India and US also pressurised th

Mumbai, Sep 9 (PTI) The rupee appreciated 14 paise to 87.95 against the US dollar in early trade on Tuesday, tracking a positive trend in domestic equities even as concerns over US tariffs on India weighed on the domestic unit. Forex traders said the rupee is likely to remain under pressure on worries over US tariffs on India and global uncertainty. Moreover, recent record lows for the domestic unit are prompting a possible RBI intervention to cap the losses in rupee, they said. At the interbank

Mumbai, Sep 5 (PTI) The rupee rose 1 paisa to 88.11 against the US dollar in early trade on Friday on the back of a weaker greenback and a drop in global crude oil prices. However, sustained FII outflows capped further gains in the local unit, according to forex traders. Positive sentiments in the domestic equity markets further lent support to the rupee, which had slipped to its record low-level earlier this week, they said. At the interbank foreign exchange, the rupee opened at 88.11 against t

Mumbai, Aug 28 (PTI) The rupee rose 10 paise to 87.59 against the US dollar in early trade on Thursday, supported by a weaker dollar index and easing Brent crude prices. Besides, the Reserve Bank of India (RBI) stepped in to protect the local unit from crossing its all-time low, further supporting the local unit, according to forex traders. However, FII outflows and weaker domestic equity markets prevented sharper gains in the local unit as an additional 25 per cent US tariffs on Indian products

Mumbai, Aug 26 (PTI) The rupee depreciated 22 paise to 87.78 against the US dollar in early trade on Tuesday after the US issued a draft notice detailing plans to impose an additional 25 per cent tariff on India. Forex traders said the rupee lost momentum as worries over the looming 25 per cent US tariff on Indian goods, set to take effect from August 27, drove strong dollar demand from importers. The United States has issued a draft notice detailing plans to implement the additional 25 per cent

Mumbai, Aug 19 (PTI) The rupee appreciated 19 paise to 87.20 against the US dollar in early trade on Tuesday, reflecting the optimism around domestic reforms and equities, though external risks remain elevated. Forex traders said the rupee is holding firm at current levels, tracking the recent rally in domestic equities after sweeping tax reforms announced by PM Narendra Modi. Moreover, suspected RBI intervention and cautious optimism around the Ukraine-Russia conflict supported investors sentim

Mumbai, Aug 18 (PTI) The rupee edged higher by 20 paise to 87.39 against the US dollar in early trade on Monday, amid a positive trend in domestic equities. Forex traders said the uncertainty over the trade tariffs issue between India and the US is likely to keep market participants cautious. At the interbank foreign exchange market, the rupee opened at 87.46 against the US dollar, then touched 87.39, registering a gain of 20 paise over its previous close. On Thursday, the rupee settled for the

Mumbai, Aug 13 (PTI) The rupee traded in a tight range and slipped 6 paise to 87.69 against the US dollar in morning trade on Wednesday as depreciation pressures are still lingering amid persistent foreign fund outflows. Forex traders said the rupee is trading in a narrow range as the Reserve Bank of India has stepped up its efforts to curb excessive rupee depreciation. At the interbank foreign exchange market rupee opened at 87.63, then touched an intra-day low of 87.69 against the US dollar in

Mumbai, Aug 12 (PTI) The rupee traded in a narrow range and edged higher by 10 paise to 87.65 against the US dollar in early trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US. Moreover, investors are in a wait-and-watch mode ahead of the US CPI inflation data and are also awaiting cues from the US-Russia talks