Diabytes
Rupee News
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The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India.
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Rupee opens stronger
Rupee shows limited response to US tariff
Trump imposes additional 25% tariff on Indian imports
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After a period of global market volatility, foreign institutional investors (FIIs) have returned strongly to Indian markets. In the last 11 trading sessions alone, FIIs have invested Rs 37,375 crore in Indian equities and bonds.
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One reason for the strength of the rupee against the dollar is the sharp decline in crude oil.
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FY25 was an interesting year for the rupee as it underwent periods of stability, rapid depreciation and consolidation thereafter.
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At the interbank foreign exchange, the rupee opened on a weak note at 86.58, and during the day touched a high of 86.49 and a low of 86.61 against the American currency.
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Will the $5 billion downward revision in gold imports be a positive thing for Indian Rupee? Check What analyst says.
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Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields.
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If you are travelling abroad and wondering how much foreign currency you can carry in cash from India, here are some important points you must know
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At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.
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On the domestic equity market front, Sensex advanced 611.90 points, or 0.75 per cent, to close at 81,698.11 points. The Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60 points.
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The local unit clocked the highest single-day rise since April 2023 when it appreciated by 42 paise.
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On Monday, the rupee pared its initial gains and settled for the day lower by 3 paise at 83.13 against the US dollar.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.19.
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Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel.
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India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said.
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The local unit finally settled at 83.13 (provisional) against the dollar, higher by 6 paise from its previous close of 83.19.
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The Indian currency gained strength as the US Federal Reserve indicated three rate cuts this year despite sticky inflation.
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On the domestic equity market front, the 30-share BSE Sensex benchmark rose 236.33 points to 72,248.38. The broader Nifty gained 67.60 points to 21,885.05.
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