Forex traders said significant foreign fund outflows and dollar demand from importers may weigh on the local unit and restrict the appreciating bias
At the interbank foreign exchange market, the rupee opened at 81.76 against the greenback and finally settled at 81.90, down 2 paise over its previous close
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiments
It finally settled at 82.20 (provisional), down 40 paise over its previous close
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiment
In the previous session on Friday, the rupee settled at 81.59 against the American currency
On Wednesday, the rupee appreciated 8 paise to close at 81.80 against the dollar after Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24
It finally settled at 81.53, a rise of 8 paise against the previous close of 81.61
However, a fall in crude prices in the international market supported the local currency, forex traders said
On Friday, the rupee had appreciated by 19 paise to close at 81.17 against the US dollar
During the trading session, the local unit witnessed an intra-day high of 81.09 and a low of 81.28 against the American currency
However, rising crude oil prices capped the gains in the rupee, traders said
Forex traders said sustained foreign fund outflows further weighed on investor sentiment
Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments
At the interbank foreign exchange market, the rupee opened on a weak note at 81.32 against the greenback, but lost ground and fell to an intra-day low of 81.45
At the interbank foreign exchange, the domestic unit opened weak at 81.32 against the dollar, then fell to 81.43, registering a decline of 13 paise over its...
However, a muted trend in domestic equities and sustained foreign fund outflows capped the gains in the rupee, traders said
Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias
However, a muted trend in domestic equities dented investor sentiments and capped the sharp gains in the rupee, traders said
Forex traders said sustained foreign fund outflows and a weak trend in domestic equities weighed on investor sentiments and restricted the appreciation bias
Forex traders said the rupee was the best performer among Asian currencies and now has the support of 81.70
At the interbank foreign exchange market, the local unit opened at 82.41 and touched an intra-day high of 82.25 and a low of 82.44 against the greenback
Forex traders said risk aversion in international markets and sustained foreign fund outflows weighed on investor sentiments, even as weak crude oil prices...
Forex traders said factors like strong Asian peers and crude oil prices trading below USD 80 per barrel also helped the currency
However, sustained foreign fund outflows and a weak trend in domestic equities restricted the appreciation bias to some extent
