Rupee trading a tad weak at 61.90…

The rupee was trading a tad weak at 61.90 against the dollar at 3.30 pm local time on mild dollar demand from banks and importers.

After opening lower at 61.93 against yesterday’s closing level of 61.91 at the Interbank Foreign Exchange (Forex) market, the rupee moved down further to 61.95 on initial dollar demand from banks on the back of strengthening of the US currency in overseas market.

How…

Rupee up 3 paise at 61.86…

The rupee wiped off its early losses and was trading marginally strong at 61.86 against the dollar at 4.17 pm local time on mild dollar selling by exporters and banks.

After opening flat at 61.88 against the previous close of 61.89, the domestic unit hovered in the range of 61.84 and 61.95 in the afternoon trade.

The RBI kept the benchmark rates unchanged in the policy announcement yesterday but…

Rupee slumps to 61.75 on heavy dollar demand…

The rupee was trading weak by 20 paise at 61.75 against the dollar at 4.00 p.m. local time at the Interbank Foreign Exchange market due to heavy demand for the American currency from banks and importers. The domestic unit hovered in the range of 61.60 and 61.83.

According to forex dealers, besides the dollar gaining strength against other currencies in the global market on the back of a strong…

Rupee weakens to 61.54…

The rupee slipped from its early gains and was trading a tad weak at 61.54 against the dollar at 11.20 a.m. local time on bouts of dollar demand from importers on the back of bullish US currency overseas.

The rupee opened a tad higher at 61.49 per dollar against the previous close of 61.53 at the Interbank Foreign Exchange market today on better-than-expected inflation data released on Wednesday…

Rupee up 5 paise at 61.50…

The rupee was trading strong by 5 paise at 61.50 against the dollar , The rupee opened marginally higher at 61.53 against the US dollar in early trade at the Interbank Foreign Exchange market today on increased selling of the American currency by exporters and banks.

Besides, the dollar’s weakness against other currencies overseas and a higher opening in the domestic equity market supported the…

Rupee closes lower at 61.55 vs dollar…

The rupee weakened for the fourth trading session Tuesday to end 5 paise lower at 61.55 against the dollar. The dollar strengthened and banks bought dollars to limit sharp depreciation in the Indian unit.

The unit had closed at 61.50 , It opened a tad weaker at 61.60 against the dollar due to slower inflow of funds from foreign investors. It gained to 61.52 as capital inflows continued into the…

Rupee weakens to 61.60 on dollar demand…

The rupee opened weak by 10 paise against the previous close of 61.50 against the dollar at the Interbank Foreign Exchange market on the back of dollar demand from importers. Forex dealers attributed the rupee’s weakness to increased demand for the US currency from importers and its strength against some other currencies overseas but a higher opening in the domestic equity market limited the fall.