The Indian rupee opened 15 paise lower at 81.39 per dollar on Thursday against the previous close of 81.24 per dollar. The local unit is expected to appreciate amid weaker dollar, decline in crude oil prices, and as long as the USDINR pair stays under the 82 mark. Further, anticipation of a weaker set of housing and manufacturing data from the US could restrict the recovery in the dollar, accordin...

The Indian rupee appreciated 9 paise to 82.69 against the US dollar in early trade as crude oil price retreated from its elevated levels. Sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the local unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. Meanwhile, the dolla...

The Indian rupee opened 21 paise higher at 82.59 per dollar on Wednesday amid rise in risk in global equity markets, FII inflows, and declining oil prices. “The rupee is likely to appreciate today on the back of weakness in dollar and optimistic global markets sentiments. Market sentiments improved in anticipation that the Fed could slow its plan for tightening financial conditions due to eas...

It was a high-voltage week for the domestic currency market as the rupee fell from 81.21 to 82.77 before settling at 82.28 with a loss of more than a percentage point. The better global cues and lower crude oil prices failed to add gains in the rupee as unwinding in the Chinese yuan, lower forward premium, the central bank’s dollar buying and foreign fund outflows weighed.Technical set-up fo...

The Indian Rupee opened higher on Tuesday, driven by a lower inflation reading and cues of an overnight pullback in oil prices and positive Asian currencies against the US dollar. Rupee was last changing hands at 81.30 per dollar after opening at 81.11, up from its previous close of 81.26, according to Bloomberg data. In the previous session, rupee depreciated against the US dollar on Monday, trac...