rupee News

Rupee rallies 66 paise to 70.68 against USD after corporate tax rate cut 

Following the announcements, the rupee which opened at 71.19 at the interbank foreign exchange, gained ground and touched a high of 70.68, registering a rise of 66 paise over its previous close.

Sensex over 150 points in early trade; Rupee rises 36 paise to 71.30 against US dollar

After touching a high of 37,421.13, the 30-share index was trading 129.68 points, or 0.35 per cent, higher at 37,400.50 at 0940 hours, while the broader Nifty rose 34.65 points, or 0.31 per cent, to 11,070.35.


Sensex rises over 100 points, rupee rises 27 paise to 71.85 against USD in early trade

After rising 167 points in the first 15 minutes of the session, the 30-share index was trading 96.97 points, or 0.26 per cent, higher at 36,821.71 at 0930 hours.

Market starts on a volatile note; Rupee rebounds 19 paise to 72.20 against US dollar in opening trade

According to traders, besides heavy foreign fund outflow, continually rising fears of a global recession and the escalating trade war between the US and China kept market participants jittery.

Explained: What is behind the continuing slide of the rupee, crash of the Sensex

While China witnessed a decline in its currency by around 0.6 per cent, the Indian currency that opened on Tuesday after three days, witnessed a sharp decline of 90 paise or 1.2 per cent.

Sensex nosedives over 700 points, worst fall in 11 months

Top losers in the Sensex pack in early trade on Tuesday included Tata Motors, Tata Steel, ICICI Bank, ONGC, HDFC, M&M, NTPC, Vedanta, ITC and SBI, which fell up to 4 per cent.


Sensex drops over 250 points ahead of F&O expiry; Rupee falls 17 paise against US dollar in early trade

Meanwhile, the rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows.

Sensex jumps over 150 points; Rupee opens 32 paise higher at 71.70 against US dollar in early trade

The 30-share index was trading 123.95 points, or 0.33 per cent, up at 37,618.07 at 0930 hours, while the broader Nifty rose 43.45 points, or 0.39 per cent, to 11,101.30 in early trade.

Explained: The Chinese connection to the falling Rupee

Interestingly, the Indian central bank has not intervened in the current rupee slide, unlike in the past when such a sharp fall in the rupee led to intervention by the RBI.

Rupee falls below 72 mark against US dollar on fund outflows

The rupee traded in a range of 71.93 to 72.05 to te US dollar in the early session. A strong dollar in the overseas markets and continued foreign fund outflows weighed on the domestic currency, according to forex traders.