Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided to penalise banks for failure to timely replenish currency notes in such machines.

The RBI will start imposing a penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.

“The Scheme of Penalty for non-replenishment of ATMs has been formulated to ensure that sufficient cash is available to the public through ATMs,” the RBI said in a circular.

The Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs.

In this connection, it said a review of downtime of ATMs due to cash-outs was undertaken and it was observed that ATM operations affected by cash-outs lead to non-availability of cash and cause avoidable inconvenience to the members of the public.

It has, therefore, been decided that the banks/ White Label ATM Operators (WLAOs) will strengthen their systems/ mechanisms to monitor the availability of cash in ATMs and ensure timely replenishment to avoid cash-outs, central bank said.

“Any non-compliance in this regard shall be viewed seriously and shall attract monetary penalty as stipulated in the ‘Scheme of Penalty for non-replenishment of ATMs’,” the RBI said.

The Scheme will be effective from October 01, 2021.

On condition for counting instances of cash-outs in an ATM, the RBI said it would come into play “when the customer is not able to withdraw cash due to non-availability of cash in a particular ATM”.

As regards the quantum of penalty, the central bank said “cash-out at any ATM of more than ten hours in a month” will attract a flat penalty of Rs 10,000 per ATM.

In the case of White Label ATMs (WLAs), the penalty would be charged to the bank, which is meeting the cash requirement of that particular WLA.

The bank, may, at its discretion, recover the penalty from the WLA operator, it added.

At the end-June 2021, there were 2,13,766 ATMs of different banks in the country.

Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided to penalise banks for failure to timely replenish currency notes in such machines.

Concerned over the inconvenience caused to the public due to the non-availability of cash in ATMs, the Reserve Bank has decided to penalise banks for failure to timely replenish currency notes in such machines. The RBI will start imposing a penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards. “The Scheme of Penalty for non-replenishment of ATMs has been formulated to ensure that sufficient cash is available to the public through ATMs,” the RBI said in a circular. The Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, it said a review of downtime of ATMs due to cash-outs was undertaken and it was observed that ATM operations affected by cash-outs lead to non-availability of cash and cause avoidable inconvenience to the members of the public. It has, therefore, been decided that the banks/ White Label ATM Operators (WLAOs) will strengthen their systems/ mechanisms to monitor the availability of cash in ATMs and ensure timely replenishment to avoid cash-outs, central bank said. “Any non-compliance in this regard shall be viewed seriously and shall attract monetary penalty as stipulated in the ‘Scheme of Penalty for non-replenishment of ATMs’,” the RBI said. The Scheme will be effective from October 01, 2021. On condition for counting instances of cash-outs in an ATM, the RBI said it would come into play “when the customer is not able to withdraw cash due to non-availability of cash in a particular ATM”. As regards the quantum of penalty, the central bank said “cash-out at any ATM of more than ten hours in a month” will attract a flat penalty of Rs 10,000 per ATM. In the case of White Label ATMs (WLAs), the penalty would be charged to the bank, which is meeting the cash requirement of that particular WLA. The bank, may, at its discretion, recover the penalty from the WLA operator, it added. At the end-June 2021, there were 2,13,766 ATMs of different banks in the country.

RBI to penalise banks for non-availability of cash in ATMs from October 1

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency.

At the interbank foreign exchange, the domestic unit opened lower at 73.13 against the dollar, and lost further ground and touched 73.17, registering a fall of 27 paise over its previous close. On Tuesday, the rupee had settled at 72.90 against the US dollar.

"The course ahead for the currency could remain uneven amid uncertainties around the development of the pandemic situation and the economic recovery," Reliance Securities said in a research note.

Most Asian currencies have started flat to weaker against the US dollar this morning and could weigh on the local unit, the note added.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 89.90. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 70.42 per barrel. On the domestic equity market front, BSE Sensex was trading 354.99 points or 0.68 per cent lower at 51,579.89, while the broader NSE Nifty fell 83.90 points or 0.54 per cent to 15,490.95.

Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 449.86 crore, as per exchange data.

Meanwhile, India reported 1,32,788 new coronavirus infections taking the country's tally of COVID-19 cases to 2,83,07,832, while the daily positivity rate has further dropped to 6.57 per cent, according to the Union Health Ministry data updated on Wednesday.

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency. At the interbank foreign exchange, the domestic unit opened lower at 73.

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency. At the interbank foreign exchange, the domestic unit opened lower at 73.13 against the dollar, and lost further ground and touched 73.17, registering a fall of 27 paise over its previous close. On Tuesday, the rupee had settled at 72.90 against the US dollar. "The course ahead for the currency could remain uneven amid uncertainties around the development of the pandemic situation and the economic recovery," Reliance Securities said in a research note. Most Asian currencies have started flat to weaker against the US dollar this morning and could weigh on the local unit, the note added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.08 per cent to 89.90. Global oil benchmark Brent crude futures rose 0.24 per cent to USD 70.42 per barrel. On the domestic equity market front, BSE Sensex was trading 354.99 points or 0.68 per cent lower at 51,579.89, while the broader NSE Nifty fell 83.90 points or 0.54 per cent to 15,490.95. Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 449.86 crore, as per exchange data. Meanwhile, India reported 1,32,788 new coronavirus infections taking the country's tally of COVID-19 cases to 2,83,07,832, while the daily positivity rate has further dropped to 6.57 per cent, according to the Union Health Ministry data updated on Wednesday.

Rupee falls 27 paise to 73.17 against US dollar in early trade

The Indian rupee slumped 24 paise to 74.33 against the US dollar in opening trade on Monday tracking weak domestic equities and strong American currency.&nbsp;

Forex traders said concerns over rising COVID-19 cases and foreign fund outflows also weighed on investors' sentiment.&nbsp;

At the interbank foreign exchange, the domestic unit opened lower at 74.25 against the dollar, and lost further ground and touched 74.33, registering a fall of 24 paise over its previous close.&nbsp;

On Friday, rupee had closed at 74.09 against the US dollar.&nbsp;

Rupee opened on a week note on global dollar strength and weaker-than-expected performance of BJP in state elections, particularly Bengal, said Abhishek Goenka, Founder and CEO, IFA Global.&nbsp;

Goenka further said that "it is likely to trade a 74.15-74.45 range intraday with an upside bias".&nbsp;

The major trigger point for the markets could be the CPI and IIP numbers this week, Reliance Securities said in a research note adding that volumes could be low this week as Chinese investors and traders will be away from the markets on account of Labour Day break from May 3 to 5 this week.&nbsp;

The 30-share BSE Sensex was trading 363.46 points or 0.75 per cent lower at 48,418.90. Similarly, the broader NSE Nifty slipped 85.15 points or 0.58 per cent to 14,545.95.&nbsp;

The daily COVID-19 cases in India showed a slight dip with 3,68,147 new coronavirus infections being reported in a day, taking the total tally of cases to 1,99,25,604, according to the Union Health Ministry data updated on Monday.&nbsp;

Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they pulled out Rs 3,465.07 crore on Friday, as per provisional data.&nbsp;

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.06 per cent at 91.33.&nbsp;

Brent crude futures, the global oil benchmark, was down by 0.45 per cent to USD 66.46 per barrel. &nbsp;

The Indian rupee slumped 24 paise to 74.33 against the US dollar in opening trade on Monday tracking weak domestic equities and strong American currency. Forex traders said concerns over rising COVID-19 cases and foreign fund outflows also weighed on investors' sentiment.

The Indian rupee slumped 24 paise to 74.33 against the US dollar in opening trade on Monday tracking weak domestic equities and strong American currency. Forex traders said concerns over rising COVID-19 cases and foreign fund outflows also weighed on investors' sentiment. At the interbank foreign exchange, the domestic unit opened lower at 74.25 against the dollar, and lost further ground and touched 74.33, registering a fall of 24 paise over its previous close. On Friday, rupee had closed at 74.09 against the US dollar. Rupee opened on a week note on global dollar strength and weaker-than-expected performance of BJP in state elections, particularly Bengal, said Abhishek Goenka, Founder and CEO, IFA Global. Goenka further said that "it is likely to trade a 74.15-74.45 range intraday with an upside bias". The major trigger point for the markets could be the CPI and IIP numbers this week, Reliance Securities said in a research note adding that volumes could be low this week as Chinese investors and traders will be away from the markets on account of Labour Day break from May 3 to 5 this week. The 30-share BSE Sensex was trading 363.46 points or 0.75 per cent lower at 48,418.90. Similarly, the broader NSE Nifty slipped 85.15 points or 0.58 per cent to 14,545.95. The daily COVID-19 cases in India showed a slight dip with 3,68,147 new coronavirus infections being reported in a day, taking the total tally of cases to 1,99,25,604, according to the Union Health Ministry data updated on Monday. Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they pulled out Rs 3,465.07 crore on Friday, as per provisional data. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.06 per cent at 91.33. Brent crude futures, the global oil benchmark, was down by 0.45 per cent to USD 66.46 per barrel.

Rupee falls 24 paise to 74.33 against US dollar in early trade 

The Indian rupee ended 3 paise lower at 72.87 against the US dollar on Thursday amid a firm trend in the domestic equity markets.&nbsp;

At the interbank forex market, the local unit opened at 72.81 against the greenback and witnessed an intra-day high of 72.65 and a low of 72.87.&nbsp;

It finally ended at 72.87 against the American currency, registering a fall of 3 paise over its previous close.&nbsp;

On Wednesday, the rupee had finished at 72.84. The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.02 per cent to 90.38.&nbsp;

On the domestic equity market front, the BSE Sensex ended 222.13 points or 0.43 per cent higher at its all-time high of 51,531.52.&nbsp;

Similarly, the broader NSE Nifty advanced 66.80 points or 0.44 per cent to a record 15,173.30. Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 1,786.97 crore on Wednesday, according to exchange data.&nbsp;

Brent crude futures, the global oil benchmark, fell 0.70 per cent to USD 61.04 per barrel.&nbsp;

"The Indian Rupee ended flat against the US dollar, as possible intervention from RBI offset the impact of foreign flows in local equities," said Sriram Iyer, Senior Research Analyst at Reliance Securities.&nbsp;

The local unit had strengthened earlier in the session amid equity purchases by foreign investors which continued to remain buoyant over the last three months, Iyer said. The next trigger for the market could be the CPI and IIP data due on Friday, traders said.&nbsp;

"On the domestic front, market participants will be keeping an eye on inflation and industrial production number and better-than-estimates number could extend gains for the currency. "Today, volatility for the dollar could remain low as no major economic data is expected to be released from the US," said Gaurang Somaiyaa, Forex &amp; Bullion Analyst, Motilal Oswal Financial Services. Somaiyaa further added that "we expect the USD-INR (Spot) to quote sideways with a lower bias and in the range of 72.70 and 73.25."

The Indian rupee ended 3 paise lower at 72.87 against the US dollar on Thursday amid a firm trend in the domestic equity markets. At the interbank forex market, the local unit opened at 72.

The Indian rupee ended 3 paise lower at 72.87 against the US dollar on Thursday amid a firm trend in the domestic equity markets. At the interbank forex market, the local unit opened at 72.81 against the greenback and witnessed an intra-day high of 72.65 and a low of 72.87. It finally ended at 72.87 against the American currency, registering a fall of 3 paise over its previous close. On Wednesday, the rupee had finished at 72.84. The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.02 per cent to 90.38. On the domestic equity market front, the BSE Sensex ended 222.13 points or 0.43 per cent higher at its all-time high of 51,531.52. Similarly, the broader NSE Nifty advanced 66.80 points or 0.44 per cent to a record 15,173.30. Foreign institutional investors remained net buyers in the capital market as they purchased shares worth Rs 1,786.97 crore on Wednesday, according to exchange data. Brent crude futures, the global oil benchmark, fell 0.70 per cent to USD 61.04 per barrel. "The Indian Rupee ended flat against the US dollar, as possible intervention from RBI offset the impact of foreign flows in local equities," said Sriram Iyer, Senior Research Analyst at Reliance Securities. The local unit had strengthened earlier in the session amid equity purchases by foreign investors which continued to remain buoyant over the last three months, Iyer said. The next trigger for the market could be the CPI and IIP data due on Friday, traders said. "On the domestic front, market participants will be keeping an eye on inflation and industrial production number and better-than-estimates number could extend gains for the currency. "Today, volatility for the dollar could remain low as no major economic data is expected to be released from the US," said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiyaa further added that "we expect the USD-INR (Spot) to quote sideways with a lower bias and in the range of 72.70 and 73.25."

Rupee slips 3 paise to 72.87 against US dollar

The Rupee on Thursday ended near the day's high level at 73.24 per dollar, amid buying seen in the domestic equity market.

The Indian rupee opened at 73.31 per dollar against the previous close of 73.33 and remained in the range of 73.21-73.35.

&nbsp;“While the natural tendency for the rupee is to strengthen in the backdrop of a weak US dollar globally, nationalised banks likely on behalf of the Reserve Bank buy the dips to around 73.10 aggressively,” said Abhishek Goenka, Founder and CEO, IFA Global.

Goenka further added, “we are likely to see another quiet, range-bound session ahead of the MPC decision on Friday”.

&nbsp;The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.05 per cent to 93.58.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 450.46 points higher at 40,329.41, and the broader NSE Nifty rose 124.05 points to 11,862.90.

(With inputs from agencies)

The Rupee on Thursday ended near the day's high level at 73.24 per dollar, amid buying seen in the domestic equity market. The Indian rupee opened at 73.31 per dollar against the previous close of 73.

The Rupee on Thursday ended near the day's high level at 73.24 per dollar, amid buying seen in the domestic equity market. The Indian rupee opened at 73.31 per dollar against the previous close of 73.33 and remained in the range of 73.21-73.35. “While the natural tendency for the rupee is to strengthen in the backdrop of a weak US dollar globally, nationalised banks likely on behalf of the Reserve Bank buy the dips to around 73.10 aggressively,” said Abhishek Goenka, Founder and CEO, IFA Global. Goenka further added, “we are likely to see another quiet, range-bound session ahead of the MPC decision on Friday”. The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.05 per cent to 93.58. On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 450.46 points higher at 40,329.41, and the broader NSE Nifty rose 124.05 points to 11,862.90. (With inputs from agencies)

Rupee closes near day's high at 73.24 per dollar

The Supreme Court on Monday imposed a fine of one rupee ($0.0136) on a prominent lawyer found guilty of criminal contempt for posts on Twitter that were critical of senior judges, which he declined to apologise for.&nbsp;

A three-member bench of the Supreme Court said that lawyer Prashant Bhushan must pay the fine by Sept. 15, failing which he could be imprisoned for three months and barred from practice for three years.

"Freedom of expression is there but rights of others should also be respected," the court said while imposing the fine on Bhushan.

Bhushan and his lawyers were not immediately available for comment.

In June, Bhushan posted a photograph that he said showed Chief Justice SA&nbsp;Bobde astride a Harley-Davidson motorcycle, saying he was riding a 5 million rupee ($67,000) bike without a mask or a helmet while citizens were being denied justice as the court was in lockdown.

Also read:&nbsp;<a href="/india-news/supreme-court-holds-prashant-bhushan-guilty-of-contempt-over-tweets-against-cji-judiciary-320414" hreflang="en">Supreme Court holds Prashant Bhushan guilty of contempt over tweets against CJI, judiciary</a>

Bobde has not commented publicly on the photograph.

In another post on Twitter the same month, Bhushan said that when historians looked at how democracy had been destroyed in India in the past six years, they would note the role of the Supreme Court and the past four top justices.

Twitter blocked both of the posts.

In an 108-page order holding him guilty of criminal contempt earlier in August, the court had said the first post was "patently false".

The same order said that the second had the "effect of destabilising the very foundation of this important pillar of the Indian democracy", referring to the judiciary.

The court then asked Bhushan, who has championed public interest litigation, to issue an "unconditional apology", which he declined to do, leading to the sentence on Monday.

The Supreme Court on Monday imposed a fine of one rupee ($0.0136) on a prominent lawyer found guilty of criminal contempt for posts on Twitter that were critical of senior judges, which he declined to apologise for.

The Supreme Court on Monday imposed a fine of one rupee ($0.0136) on a prominent lawyer found guilty of criminal contempt for posts on Twitter that were critical of senior judges, which he declined to apologise for. A three-member bench of the Supreme Court said that lawyer Prashant Bhushan must pay the fine by Sept. 15, failing which he could be imprisoned for three months and barred from practice for three years. "Freedom of expression is there but rights of others should also be respected," the court said while imposing the fine on Bhushan. Bhushan and his lawyers were not immediately available for comment. In June, Bhushan posted a photograph that he said showed Chief Justice SA Bobde astride a Harley-Davidson motorcycle, saying he was riding a 5 million rupee ($67,000) bike without a mask or a helmet while citizens were being denied justice as the court was in lockdown. Also read: Supreme Court holds Prashant Bhushan guilty of contempt over tweets against CJI, judiciary Bobde has not commented publicly on the photograph. In another post on Twitter the same month, Bhushan said that when historians looked at how democracy had been destroyed in India in the past six years, they would note the role of the Supreme Court and the past four top justices. Twitter blocked both of the posts. In an 108-page order holding him guilty of criminal contempt earlier in August, the court had said the first post was "patently false". The same order said that the second had the "effect of destabilising the very foundation of this important pillar of the Indian democracy", referring to the judiciary. The court then asked Bhushan, who has championed public interest litigation, to issue an "unconditional apology", which he declined to do, leading to the sentence on Monday.

Prashant Bhushan found guilty of contempt, fined one Rupee

Indian rupee is trading higher at 74.75 per dollar, amid volatile trade seen in the domestic equity market.

At the interbank forex market, the rupee opened at 74.74, gained further ground and touched 74.69 against the US dollar, up 15 paise over its last close of 74.84.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.40 per cent to 92.65.

"The US dollar extended losses this morning in Asian trade weighed down by weak economic data and President Trump's tweet on elections," Reliance Securities said in a research note.

(With inputs from agencies)

Indian rupee is trading higher at 74.75 per dollar, amid volatile trade seen in the domestic equity market. At the interbank forex market, the rupee opened at 74.

Indian rupee is trading higher at 74.75 per dollar, amid volatile trade seen in the domestic equity market. At the interbank forex market, the rupee opened at 74.74, gained further ground and touched 74.69 against the US dollar, up 15 paise over its last close of 74.84. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.40 per cent to 92.65. "The US dollar extended losses this morning in Asian trade weighed down by weak economic data and President Trump's tweet on elections," Reliance Securities said in a research note. (With inputs from agencies)

Rupee trades higher at 74.745 per dollar

Domestic stock market indices ended higher on Wednesday amid buying in financial counters.&nbsp;

The NSE Nifty 50 index closed 1.24% higher at 10,430.05 while the benchmark S&amp;P BSE Sensex ended up about 500 points at 35,414.45, after recording their best quarter in 11 years.&nbsp;

Axis Bank, Bajaj Finserv, ITC, HDFC, and Bajaj Finance were the top gainers. 
 
Global markets

Global stocks struggled for momentum on Wednesday as improving economic data was offset by concern that surging coronavirus cases in the United States could derail the world’s recovery before it properly begins.

MSCI’s world shares index was 0.1 per cent higher after rising 18 per cent for its biggest three-month gain since 2009 in the second quarter, but it still closed the first half around 8 per cent lower from where it started the year.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, led by gains in China. E-Mini futures for the S&amp;P 500 were down 0.2 per cent.

(With inputs from Reuters)

Domestic stock market indices ended higher on Wednesday amid buying in financial counters. The NSE Nifty 50 index closed 1.24% higher at 10,430.05 while the benchmark S&P BSE Sensex ended up about 500 points at 35,414.

Domestic stock market indices ended higher on Wednesday amid buying in financial counters. The NSE Nifty 50 index closed 1.24% higher at 10,430.05 while the benchmark S&P BSE Sensex ended up about 500 points at 35,414.45, after recording their best quarter in 11 years. Axis Bank, Bajaj Finserv, ITC, HDFC, and Bajaj Finance were the top gainers. Global markets Global stocks struggled for momentum on Wednesday as improving economic data was offset by concern that surging coronavirus cases in the United States could derail the world’s recovery before it properly begins. MSCI’s world shares index was 0.1 per cent higher after rising 18 per cent for its biggest three-month gain since 2009 in the second quarter, but it still closed the first half around 8 per cent lower from where it started the year. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, led by gains in China. E-Mini futures for the S&P 500 were down 0.2 per cent. (With inputs from Reuters)

Sensex gains 499 points as financials rally, Nifty ends at 10,430

The rupee on Wednesday recovered from record low levels to settle higher by 15 paise at 76.68 (provisional) against the US dollar following gains in domestic stocks and some weakness in the greenback against global currencies.

The rupee opened weak at 76.86 at the interbank forex market and then fell further to an all-time low of 76.88 during the day.

Later, the domestic unit recovered the lost ground in line with surging stock markets and finally settled at 76.68, higher by 15 paise over its last close of 76.83 against the US dollar.

Indian stocks were trading higher with the benchmark index Sensex rising by 2.5 per cent or 768 points in the closing session.

The US dollar also lost some ground against the euro and the pound in European trade, which strengthened the rupee.

Brent crude dropped 8 per cent to USD 17.78 per barrel while oil for Indian basket also eased by 0.68 per cent to USD 20.42 per barrel which supported the local currency.

"USD/INR spot breached fresh record high of 76.90, however, it didn't sustain and fell on dollar selling ahead of the Facebook and Reliance deal. Facebook plans to invest nearly USD 5.7 billion, the money will hit forex market in tranches either end of this month or sometime next month," Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services said.

Gupta, however, noted that global market is still risk averse amid the coronavirus pandemic.

"This gloominess regarding the deep economic downturn may weigh on Indian rupee, thus, unless 76.50 and 76 doesn't break on immediate basis we expect USD/INR spot to trade towards 77 and beyond levels," Gupta said.

The number of cases around the world linked to the new coronavirus has crossed over 25.51 lakh. In India, nearly 20,000 coronavirus cases have been reported so far.

"If coronavirus cases continue to increase on the global and local front then we can expect spot to breach 77.50 and then 78 level," Gupta said.&nbsp;

The rupee on Wednesday recovered from record low levels to settle higher by 15 paise at 76.68 (provisional) against the US dollar following gains in domestic stocks and some weakness in the greenback against global currencies.

The rupee on Wednesday recovered from record low levels to settle higher by 15 paise at 76.68 (provisional) against the US dollar following gains in domestic stocks and some weakness in the greenback against global currencies. The rupee opened weak at 76.86 at the interbank forex market and then fell further to an all-time low of 76.88 during the day. Later, the domestic unit recovered the lost ground in line with surging stock markets and finally settled at 76.68, higher by 15 paise over its last close of 76.83 against the US dollar. Indian stocks were trading higher with the benchmark index Sensex rising by 2.5 per cent or 768 points in the closing session. The US dollar also lost some ground against the euro and the pound in European trade, which strengthened the rupee. Brent crude dropped 8 per cent to USD 17.78 per barrel while oil for Indian basket also eased by 0.68 per cent to USD 20.42 per barrel which supported the local currency. "USD/INR spot breached fresh record high of 76.90, however, it didn't sustain and fell on dollar selling ahead of the Facebook and Reliance deal. Facebook plans to invest nearly USD 5.7 billion, the money will hit forex market in tranches either end of this month or sometime next month," Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services said. Gupta, however, noted that global market is still risk averse amid the coronavirus pandemic. "This gloominess regarding the deep economic downturn may weigh on Indian rupee, thus, unless 76.50 and 76 doesn't break on immediate basis we expect USD/INR spot to trade towards 77 and beyond levels," Gupta said. The number of cases around the world linked to the new coronavirus has crossed over 25.51 lakh. In India, nearly 20,000 coronavirus cases have been reported so far. "If coronavirus cases continue to increase on the global and local front then we can expect spot to breach 77.50 and then 78 level," Gupta said.

Rupee recovers from all-time low to settle at 76.68 against US dollar

The Indian rupee tanked 36 paise to an all-time low of 76.80 against the US dollar in opening trade on Thursday, tracking weak domestic equities and a sharp rise in coronavirus cases in the country.

Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against the basket of currencies as investors fled to safe-haven Greenback amid weakening risk appetite in the markets.

The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.

The rupee had settled at 76.44 against the US dollar on Wednesday.

The currency could also track local equity markets which started on a negative note as Asian stock markets are set to tumble amid increasing gloomy economic outlooks for Asia, Reliance Securities said in a report.

IMF said Thursday that Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an "unprecedented" toll on the region's service sector and major export destinations, the report noted.

Moreover, market participants are also concerned that the sharp rise in coronavirus cases, could weigh on the economy.

The number of cases around the world linked to the new coronavirus has crossed over 20 lakh. In India, nearly 12,000 coronavirus cases have been reported so far.

Brent crude futures, the global oil benchmark, rose 1.44 per cent to USD 28.09 per barrel.

Foreign institutional investors (FIIs) were net buyers in the capital markets, as they bought shares worth Rs 1,358.66 crore on Wednesday, as per provisional data.

Domestic bourses opened on a negative note with benchmark indices Sensex trading 116.89 points lower at 30,262.92 and Nifty down by 36.50 points at 8,888.80.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.46 per cent to 99.91. &nbsp;

The Indian rupee tanked 36 paise to an all-time low of 76.80 against the US dollar in opening trade on Thursday, tracking weak domestic equities and a sharp rise in coronavirus cases in the country.

The Indian rupee tanked 36 paise to an all-time low of 76.80 against the US dollar in opening trade on Thursday, tracking weak domestic equities and a sharp rise in coronavirus cases in the country. Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against the basket of currencies as investors fled to safe-haven Greenback amid weakening risk appetite in the markets. The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close. The rupee had settled at 76.44 against the US dollar on Wednesday. The currency could also track local equity markets which started on a negative note as Asian stock markets are set to tumble amid increasing gloomy economic outlooks for Asia, Reliance Securities said in a report. IMF said Thursday that Asia's economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an "unprecedented" toll on the region's service sector and major export destinations, the report noted. Moreover, market participants are also concerned that the sharp rise in coronavirus cases, could weigh on the economy. The number of cases around the world linked to the new coronavirus has crossed over 20 lakh. In India, nearly 12,000 coronavirus cases have been reported so far. Brent crude futures, the global oil benchmark, rose 1.44 per cent to USD 28.09 per barrel. Foreign institutional investors (FIIs) were net buyers in the capital markets, as they bought shares worth Rs 1,358.66 crore on Wednesday, as per provisional data. Domestic bourses opened on a negative note with benchmark indices Sensex trading 116.89 points lower at 30,262.92 and Nifty down by 36.50 points at 8,888.80. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.46 per cent to 99.91.

Rupee tanks 36 paise to all-time low of 76.80 against US dollar in early trade

The rupee on Friday plunged by 63 paise to settle at nearly six-month low of 72.24 against the US dollar, tracking heavy sell-offs in equities and sustained foreign fund outflows on fears that coronavirus can wreak havoc on the global economy.

At the interbank foreign exchange market, the local currency opened lower at 71.90 to the US dollar and hit a low of 72.29 in day trade.

The domestic currency finally settled at 72.24, showing a loss of 63 paise -- the biggest single-day loss since September 13, 2019. The closing level is the lowest since September 3.

"This week was all about coronavirus. The focus was on contagion to new regions outside China. The outbreak of virus rattled the risk appetite, giving rise to risks of sharp global economic slowdown," said Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.

The virus has now spread around the globe prompting many governments issue advisories against travelling or gathering in crowded places.

An analyst observed that the coronavirus has definitely hit businesses and could have longer than anticipated effect on global growth and earnings.

China reported 44 more deaths from the novel coronavirus epidemic on Friday and 327 fresh cases. The death toll now stands at 2,788 in mainland China, according to the National Health Commission.

"The panic selling of foreign investors in Indian equities has led to rupee depreciation. Now that the big hurdle of 72 is crossed in USDINR pair it can take 72.50 as next level on upside," Jateen Trivedi, Senior Research Analyst (Commodity &amp; Currency) at LKP Securities.

Continuing its downward spiral for the sixth straight session, the 30-share BSE Sensex ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29.

This was the benchmark's second-worst drop in absolute terms after August 24, 2015, when it had plunged 1,624.51 points.

Similarly, the broader NSE Nifty sank 431.55 points or 3.71 per cent to end at 11,201.75.

Market participants were also cautious ahead of the release of third-quarter GDP number, traders said.

On a weekly basis the domestic currency has lost 56 paise.

The global crude oil benchmark Brent futures fell 1.97 per cent to trade at $51.15 per barrel.

Meanwhile, easing crude oil prices and weakening of the American currency in the overseas market supported the rupee, traders said.

Meanwhile, foreign institutional investors remained net sellers in the Indian capital markets, offloading equities worth a net Rs 1,428.74 crore on Friday, according to provisional exchange data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.18 per cent to 98.33.

The 10-year Indian government bond yield was at 6.37 per cent.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6124 and for rupee/euro at 78.1692. The reference rate for rupee/British pound was fixed at 92.6273 and for rupee/100 Japanese yen at 65.06. PTI DRR 
&nbsp;

The rupee on Friday plunged by 63 paise to settle at nearly six-month low of 72.24 against the US dollar, tracking heavy sell-offs in equities and sustained foreign fund outflows on fears that coronavirus can wreak havoc on the global economy.

The rupee on Friday plunged by 63 paise to settle at nearly six-month low of 72.24 against the US dollar, tracking heavy sell-offs in equities and sustained foreign fund outflows on fears that coronavirus can wreak havoc on the global economy. At the interbank foreign exchange market, the local currency opened lower at 71.90 to the US dollar and hit a low of 72.29 in day trade. The domestic currency finally settled at 72.24, showing a loss of 63 paise -- the biggest single-day loss since September 13, 2019. The closing level is the lowest since September 3. "This week was all about coronavirus. The focus was on contagion to new regions outside China. The outbreak of virus rattled the risk appetite, giving rise to risks of sharp global economic slowdown," said Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services. The virus has now spread around the globe prompting many governments issue advisories against travelling or gathering in crowded places. An analyst observed that the coronavirus has definitely hit businesses and could have longer than anticipated effect on global growth and earnings. China reported 44 more deaths from the novel coronavirus epidemic on Friday and 327 fresh cases. The death toll now stands at 2,788 in mainland China, according to the National Health Commission. "The panic selling of foreign investors in Indian equities has led to rupee depreciation. Now that the big hurdle of 72 is crossed in USDINR pair it can take 72.50 as next level on upside," Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities. Continuing its downward spiral for the sixth straight session, the 30-share BSE Sensex ended 1,448.37 points, or 3.64 per cent, lower at 38,297.29. This was the benchmark's second-worst drop in absolute terms after August 24, 2015, when it had plunged 1,624.51 points. Similarly, the broader NSE Nifty sank 431.55 points or 3.71 per cent to end at 11,201.75. Market participants were also cautious ahead of the release of third-quarter GDP number, traders said. On a weekly basis the domestic currency has lost 56 paise. The global crude oil benchmark Brent futures fell 1.97 per cent to trade at $51.15 per barrel. Meanwhile, easing crude oil prices and weakening of the American currency in the overseas market supported the rupee, traders said. Meanwhile, foreign institutional investors remained net sellers in the Indian capital markets, offloading equities worth a net Rs 1,428.74 crore on Friday, according to provisional exchange data. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.18 per cent to 98.33. The 10-year Indian government bond yield was at 6.37 per cent. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6124 and for rupee/euro at 78.1692. The reference rate for rupee/British pound was fixed at 92.6273 and for rupee/100 Japanese yen at 65.06. PTI DRR

Rupee plunges 63 paise to nearly 6-month low as COVID-19 spreads around globe 

The Indian rupee tumbled by 24 paise to settle at 71.56 (provisional) against the US dollar on Tuesday as concerns over the economic fallout from coronavirus outbreak continued to roil forex market sentiment.

Besides, sustained foreign fund outflows and subdued equities also put pressure on the rupee.

Starting off the session on a weaker note, the rupee weakened further to hit the day's low of 71.56 against the American currency. The domestic unit finally settled the day at 71.56, a drop of 24 paise over its previous close.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.15 per cent to 99.15.

The 10-year government bond yield was at 6.39 per cent.

Global crude oil benchmark Brent futures dropped 1.89 per cent to trade at $56.58 per barrel.

"Rupee started the day at weak note crossing beyond 71.50, majorly on back of selling from institution in risky assets as FIIs (are) likely to be pulling out money from equities as the global market keep a check on slowdown affects on rising Coronavirus fears in China," LKP Securities Senior Research Analyst (Commodity &amp; Currency) Jateen Trivedi said.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.4259 and for rupee/euro at 77.4162. The reference rate for rupee/British pound was fixed at 93.1737 and for rupee/100 Japanese yen at 65.02.

On the equities front, the Sensex was down 161.31 points or 0.39 per cent at 40,894.38, while the NSE barometer Nifty settled at 11,992.50, showing a fall of 53.30 points or 0.44 per cent.

Meanwhile, worries over rising death toll and the economic fallout from the novel coronavirus continued to haunt investors globally.

The coronavirus epidemic that emerged in central China has now killed nearly 1,800 people and has spread around the world.&nbsp;

The Indian rupee tumbled by 24 paise to settle at 71.56 (provisional) against the US dollar on Tuesday as concerns over the economic fallout from coronavirus outbreak continued to roil forex market sentiment.

The Indian rupee tumbled by 24 paise to settle at 71.56 (provisional) against the US dollar on Tuesday as concerns over the economic fallout from coronavirus outbreak continued to roil forex market sentiment. Besides, sustained foreign fund outflows and subdued equities also put pressure on the rupee. Starting off the session on a weaker note, the rupee weakened further to hit the day's low of 71.56 against the American currency. The domestic unit finally settled the day at 71.56, a drop of 24 paise over its previous close. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.15 per cent to 99.15. The 10-year government bond yield was at 6.39 per cent. Global crude oil benchmark Brent futures dropped 1.89 per cent to trade at $56.58 per barrel. "Rupee started the day at weak note crossing beyond 71.50, majorly on back of selling from institution in risky assets as FIIs (are) likely to be pulling out money from equities as the global market keep a check on slowdown affects on rising Coronavirus fears in China," LKP Securities Senior Research Analyst (Commodity & Currency) Jateen Trivedi said. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.4259 and for rupee/euro at 77.4162. The reference rate for rupee/British pound was fixed at 93.1737 and for rupee/100 Japanese yen at 65.02. On the equities front, the Sensex was down 161.31 points or 0.39 per cent at 40,894.38, while the NSE barometer Nifty settled at 11,992.50, showing a fall of 53.30 points or 0.44 per cent. Meanwhile, worries over rising death toll and the economic fallout from the novel coronavirus continued to haunt investors globally. The coronavirus epidemic that emerged in central China has now killed nearly 1,800 people and has spread around the world.

Rupee slips 24 paise to settle at 71.56 against US dollar

The rupee declined by 22 paise to settle at 71.40 against the US dollar on Friday amid selling in domestic equities and strengthening of the American currency overseas.

Forex traders said the rupee traded weak largely owing to strengthening of the US dollar ahead of the non-farm payrolls number scheduled to be released later in the day.

At the interbank foreign exchange market, the local currency opened on a weak note at 71.26.

During the day, the local unit lost further ground and touched a low of 71.49, before finally settling for the day at 71.40 against the US dollar, down 22 paise over its previous close.

The domestic unit had settled at 71.18 on Thursday.

On a weekly basis, the rupee lost 8 paise.

"Rupee traded weak on Friday as dollar scaled high towards 71.35, mainly on back of on weakening risk appetite amid a strong greenback ahead of US non-farm payroll data due later today," said Jateen Trivedi, Senior Research Analyst (Commodity &amp; Currency) at LKP Securities.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.09 per cent to 98.58.

"Volatility for the rupee in the first half of the session remained low but in the latter half the currency started to come under pressure," said Gaurang Somaiyaa, Forex &amp; Bullion Analyst, Motilal Oswal Financial Services.

Somaiyaa further said on the domestic front, market participants will be keeping an eye on inflation number that will be released next week; the expectation is that the inflation could inch higher and that could further weigh on the rupee.

On the domestic market front, the 30-share BSE Sensex fell 164.18 points or 0.40 per cent to 41,141.85. The broader NSE Nifty settled lower by 39.60 points or 0.33 per cent at 12,098.35.

The 10-year Indian government bond yield was at 6.44 per cent.

Meanwhile, the global crude benchmark Brent futures fell 0.15 per cent to trade at $54.85 per barrel.

Foreign institutional investors sold equities worth Rs 560.36 crore on a net basis on Thursday, according to provisional exchange data.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.2558 and for rupee/euro at 78.3804. The reference rate for rupee/British pound was fixed at 92.5195 and for rupee/100 Japanese yen at 64.82.&nbsp; 
&nbsp;

The rupee declined by 22 paise to settle at 71.40 against the US dollar on Friday amid selling in domestic equities and strengthening of the American currency overseas.

The rupee declined by 22 paise to settle at 71.40 against the US dollar on Friday amid selling in domestic equities and strengthening of the American currency overseas. Forex traders said the rupee traded weak largely owing to strengthening of the US dollar ahead of the non-farm payrolls number scheduled to be released later in the day. At the interbank foreign exchange market, the local currency opened on a weak note at 71.26. During the day, the local unit lost further ground and touched a low of 71.49, before finally settling for the day at 71.40 against the US dollar, down 22 paise over its previous close. The domestic unit had settled at 71.18 on Thursday. On a weekly basis, the rupee lost 8 paise. "Rupee traded weak on Friday as dollar scaled high towards 71.35, mainly on back of on weakening risk appetite amid a strong greenback ahead of US non-farm payroll data due later today," said Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.09 per cent to 98.58. "Volatility for the rupee in the first half of the session remained low but in the latter half the currency started to come under pressure," said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiyaa further said on the domestic front, market participants will be keeping an eye on inflation number that will be released next week; the expectation is that the inflation could inch higher and that could further weigh on the rupee. On the domestic market front, the 30-share BSE Sensex fell 164.18 points or 0.40 per cent to 41,141.85. The broader NSE Nifty settled lower by 39.60 points or 0.33 per cent at 12,098.35. The 10-year Indian government bond yield was at 6.44 per cent. Meanwhile, the global crude benchmark Brent futures fell 0.15 per cent to trade at $54.85 per barrel. Foreign institutional investors sold equities worth Rs 560.36 crore on a net basis on Thursday, according to provisional exchange data. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.2558 and for rupee/euro at 78.3804. The reference rate for rupee/British pound was fixed at 92.5195 and for rupee/100 Japanese yen at 64.82.

Rupee slips 22 paise to 71.40 against USD on strong dollar demand

The rupee lost 22 paise to close at a three-week low of 71.49 against the US dollar on Thursday tracking heavy sell-off in domestic equities amid rising concerns over the outbreak of coronavirus.

Forex traders said most Asian currencies declined after the US Federal Reserve kept its key policy rates steady.

Moreover, market participants are also assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget.

At the interbank foreign exchange market, the domestic currency opened weak at 71.39 a dollar. It finally settled for the day lower by 22 paise at 71.49, a level not seen since January 8. On Wednesday, the local unit had closed at 71.27 against the greenback.

Meanwhile, a positive case of novel coronavirus has been reported in Kerala, the Health Ministry said on Thursday. The patient is a student at Wuhan University.

"Rupee fell for the second successive session following rising concerns over the outbreak of coronavirus in China. On the domestic front, market participants have been a little cautious ahead of the important GDP number that will be released tomorrow and Union Budget that is scheduled this weekend," said Gaurang Somaiyaa, Forex &amp; Bullion Analyst, Motilal Oswal Financial Services.

Somaiyaa further said that "the dollar retraced from its highest level in seven weeks after the Federal Reserve, in line with expectation, held rates unchanged. In the next couple of session the USDINR (Spot) to quote in the range of 71.20 and 71.80".

Also read: <a href="https://www.wionews.com/business-economy/sensex-nifty-end-lower-on-coronavirus-fears-metals-drag-277556">Sensex, Nifty end lower on coronavirus fears; metals drag</a>

Meanwhile, the global crude benchmark Brent Futures fell 2.47 per cent to trade at $58.33 per barrel.

Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China and other regions.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.01 per cent to 97.99.

The 10-year Indian government bond yield was at 6.56 per cent.

On the domestic equity market front, the 30-share BSE Sensex settled 284.84 points, or 0.69 per cent, lower at 40,913.82. It hit an intra-day low of 40,829.91 and a high of 41,380.14. Likewise, the broader NSE Nifty closed 93.70 points, or 0.77 per cent, down at 12,035.80.

Foreign institutional investors sold equities worth Rs 962.28 crore on a net basis on Thursday, according to provisional exchange data.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1875 and for rupee/euro at 78.4221. The reference rate for rupee/British pound was fixed at 92.7174 and for rupee/100 Japanese yen at 65.24.&nbsp;

The rupee lost 22 paise to close at a three-week low of 71.49 against the US dollar on Thursday tracking heavy sell-off in domestic equities amid rising concerns over the outbreak of coronavirus.

The rupee lost 22 paise to close at a three-week low of 71.49 against the US dollar on Thursday tracking heavy sell-off in domestic equities amid rising concerns over the outbreak of coronavirus. Forex traders said most Asian currencies declined after the US Federal Reserve kept its key policy rates steady. Moreover, market participants are also assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget. At the interbank foreign exchange market, the domestic currency opened weak at 71.39 a dollar. It finally settled for the day lower by 22 paise at 71.49, a level not seen since January 8. On Wednesday, the local unit had closed at 71.27 against the greenback. Meanwhile, a positive case of novel coronavirus has been reported in Kerala, the Health Ministry said on Thursday. The patient is a student at Wuhan University. "Rupee fell for the second successive session following rising concerns over the outbreak of coronavirus in China. On the domestic front, market participants have been a little cautious ahead of the important GDP number that will be released tomorrow and Union Budget that is scheduled this weekend," said Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiyaa further said that "the dollar retraced from its highest level in seven weeks after the Federal Reserve, in line with expectation, held rates unchanged. In the next couple of session the USDINR (Spot) to quote in the range of 71.20 and 71.80". Also read: Sensex, Nifty end lower on coronavirus fears; metals drag Meanwhile, the global crude benchmark Brent Futures fell 2.47 per cent to trade at $58.33 per barrel. Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China and other regions. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.01 per cent to 97.99. The 10-year Indian government bond yield was at 6.56 per cent. On the domestic equity market front, the 30-share BSE Sensex settled 284.84 points, or 0.69 per cent, lower at 40,913.82. It hit an intra-day low of 40,829.91 and a high of 41,380.14. Likewise, the broader NSE Nifty closed 93.70 points, or 0.77 per cent, down at 12,035.80. Foreign institutional investors sold equities worth Rs 962.28 crore on a net basis on Thursday, according to provisional exchange data. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1875 and for rupee/euro at 78.4221. The reference rate for rupee/British pound was fixed at 92.7174 and for rupee/100 Japanese yen at 65.24.

Rupee slides 22 paise to 3-week low on equity rout

The <a href="https://www.wionews.com/india-news/india-is-witnessing-temporary-effects-of-global-slowdown-amit-shah-270648">Reserve Bank of India's</a> move to widen its third special open market operation (OMO) helped bonds rise on Friday but worries over a likely fiscal slippage and a surge in global crude prices capped the gains.

The Indian central bank has offered to buy a wider range of papers at the latest auction as against just the benchmark 10-year at the first two OMOs, making it more attractive for participants.

The central bank announced its first-ever special open market operation to simultaneously purchase and sell bonds in the market on December&nbsp;19 to manage bond yields which had been rising despite five consecutive rate cuts.

Yields are down 25 basis points since the announcement of the first auction after having risen as much as 37 bps since the RBI shocked markets by keeping rates on hold on December5.

"The fundamentals are turning adverse for the bond market but the RBI has managed to prevent yields from rising," said <a href="https://www.wionews.com/business-economy/india-to-launch-first-debt-exchange-traded-fund-266182">A. Prasanna</a>, an economist with <a href="https://www.wionews.com/business-economy/india-seen-making-sixth-interest-rate-cut-but-no-cure-for-economys-ills-265905">ICICI Securities</a> Primary Dealership.

"It is good news for the government and other borrowers but whether this equilibrium can sustain is doubtful."

The benchmark 10-year bond yield dropped as much as 3 bps to 6.48 per cent&nbsp;on Friday and traders said they expected yields to stay capped at 6.55 per cent levels in the near term despite broader economic concerns.

Brent crude futures jumped close to $3 to their highest since September after a <a href="https://www.wionews.com/world/rocket-attack-on-baghdad-airport-top-iran-commander-killed-271756">US&nbsp;airstrike</a> killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.

Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent&nbsp;slippage in fiscal deficit and that could result in 500 billion rupees-600 billion rupees ($6.97 billion-$8.37 billion) worth of additional borrowing.

Yields are expected to rise on the back of increased borrowing but traders expect the RBI to continue to manage yields at least until the budget, which is likely to be announced on February&nbsp;1.

The consensus is for at least two more special OMOs before the end of the month.

"The RBI has got themselves into a situation where they cannot stop now. Yields will jump the day they stop. There is a way to manage the markets and the RBI now has to live up to the expectations that it has built," a senior debt trader at a private bank said.

The Reserve Bank of India's move to widen its third special open market operation (OMO) helped bonds rise on Friday but worries over a likely fiscal slippage and a surge in global crude prices capped the gains.

The Reserve Bank of India's move to widen its third special open market operation (OMO) helped bonds rise on Friday but worries over a likely fiscal slippage and a surge in global crude prices capped the gains. The Indian central bank has offered to buy a wider range of papers at the latest auction as against just the benchmark 10-year at the first two OMOs, making it more attractive for participants. The central bank announced its first-ever special open market operation to simultaneously purchase and sell bonds in the market on December 19 to manage bond yields which had been rising despite five consecutive rate cuts. Yields are down 25 basis points since the announcement of the first auction after having risen as much as 37 bps since the RBI shocked markets by keeping rates on hold on December5. "The fundamentals are turning adverse for the bond market but the RBI has managed to prevent yields from rising," said A. Prasanna, an economist with ICICI Securities Primary Dealership. "It is good news for the government and other borrowers but whether this equilibrium can sustain is doubtful." The benchmark 10-year bond yield dropped as much as 3 bps to 6.48 per cent on Friday and traders said they expected yields to stay capped at 6.55 per cent levels in the near term despite broader economic concerns. Brent crude futures jumped close to $3 to their highest since September after a US airstrike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent slippage in fiscal deficit and that could result in 500 billion rupees-600 billion rupees ($6.97 billion-$8.37 billion) worth of additional borrowing. Yields are expected to rise on the back of increased borrowing but traders expect the RBI to continue to manage yields at least until the budget, which is likely to be announced on February 1. The consensus is for at least two more special OMOs before the end of the month. "The RBI has got themselves into a situation where they cannot stop now. Yields will jump the day they stop. There is a way to manage the markets and the RBI now has to live up to the expectations that it has built," a senior debt trader at a private bank said.

Indian bonds gain as India's central bank, RBI, widens third special Open Market Operation

The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66.

The Indian currency rose on Friday on hopes of revival measures from Finance Minister Nirmala Sitharaman who announced the first stimulus package for India Inc amid the domestic and global economic slowdown.

Market experts said the rupee's lower opening was largely due to weak global cues.&nbsp;

Both Asian and US markets crashed after the US-China trade war intensified.

Meanwhile, China`s yuan slumped to a fresh 11-year low against the dollar.&nbsp;

The offshore yuan fell to a record low of 7.1850, before regaining some ground to around 7.1595.

On Friday, US President Donald Trump announced an additional duty on 550 billion dollars of targeted Chinese goods after China unveiled retaliatory tariffs on 75 billion dollars worth of American goods.

The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66. The Indian currency rose on Friday on hopes of revival measures from Finance Minister Nirmala Sitharaman who announced the first stimulus package for India Inc amid the domestic and global economic slowdown.

The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66. The Indian currency rose on Friday on hopes of revival measures from Finance Minister Nirmala Sitharaman who announced the first stimulus package for India Inc amid the domestic and global economic slowdown. Market experts said the rupee's lower opening was largely due to weak global cues. Both Asian and US markets crashed after the US-China trade war intensified. Meanwhile, China`s yuan slumped to a fresh 11-year low against the dollar. The offshore yuan fell to a record low of 7.1850, before regaining some ground to around 7.1595. On Friday, US President Donald Trump announced an additional duty on 550 billion dollars of targeted Chinese goods after China unveiled retaliatory tariffs on 75 billion dollars worth of American goods.

Rupee starts the week lower at 71.98 for a US dollar

Gold prices in India jumped 1% on Monday to record levels, following gains in overseas markets and as the rupee fell to the lowest level in 2019, dampening retail demand further in the world's second-biggest consumer of the precious metal, dealers said.

Local gold futures hit an all-time high of 39,196 rupees&nbsp;per 10 grams in early trade, taking their gains to nearly 25% in 2019.

The rupee plunged to its lowest level in 2019 on Monday after a sharp re-escalation in the US-China trade war whacked investor confidence and darkened the global economic outlook.

Local silver futures were 1% higher at 45,058 rupees per kg, after rising to 45,148 rupees earlier in the day, the highest since October&nbsp;3, 2016.

Gold prices in India jumped 1% on Monday to record levels, following gains in overseas markets and as the rupee fell to the lowest level in 2019, dampening retail demand further in the world's second-biggest consumer of the precious metal, dealers said.

Gold prices in India jumped 1% on Monday to record levels, following gains in overseas markets and as the rupee fell to the lowest level in 2019, dampening retail demand further in the world's second-biggest consumer of the precious metal, dealers said. Local gold futures hit an all-time high of 39,196 rupees per 10 grams in early trade, taking their gains to nearly 25% in 2019. The rupee plunged to its lowest level in 2019 on Monday after a sharp re-escalation in the US-China trade war whacked investor confidence and darkened the global economic outlook. Local silver futures were 1% higher at 45,058 rupees per kg, after rising to 45,148 rupees earlier in the day, the highest since October 3, 2016.

India gold futures jump to record, silver at three-year high

The rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment.

Foreign portfolio outflows from the equity markets are also hurting the rupee.&nbsp;

By 0352 GMT, the partially convertible rupee was trading at 72.04/05 per dollar, its weakest level since December&nbsp;14.

Almost all Asian currencies were trading weaker against the dollar.&nbsp;

The rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment.

The rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment. Foreign portfolio outflows from the equity markets are also hurting the rupee. By 0352 GMT, the partially convertible rupee was trading at 72.04/05 per dollar, its weakest level since December 14. Almost all Asian currencies were trading weaker against the dollar.

Rupee hits 72 per dollar, weakest level since mid-December

The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices.

The rupee opened strong at 69 at the interbank forex market then gained further ground to touch 68.92 per dollar, displaying gains of 15 paise against the greenback.

Rupee is trading in a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, say experts.

On Tuesday, the rupee had settled at 69.07 against the US dollar.

Foreign funds pulled out Rs 0.71 crore from the capital markets on a net&nbsp; 
basis Thursday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 42.13 points, or 0.11 per cent to quote at 39,628.54 while the NSE Nifty was trading at 11 up 17 points, or 0.14 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 66.24 per barrel lower by 0.47 per cent.

The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices.

The rupee appreciated by 15 paise to 68.92 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and easing crude oil prices. The rupee opened strong at 69 at the interbank forex market then gained further ground to touch 68.92 per dollar, displaying gains of 15 paise against the greenback. Rupee is trading in a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, say experts. On Tuesday, the rupee had settled at 69.07 against the US dollar. Foreign funds pulled out Rs 0.71 crore from the capital markets on a net basis Thursday, provisional data showed. The benchmark BSE Sensex was trading with gains of 42.13 points, or 0.11 per cent to quote at 39,628.54 while the NSE Nifty was trading at 11 up 17 points, or 0.14 per cent. Meanwhile, brent crude, the global benchmark, was trading at 66.24 per barrel lower by 0.47 per cent.

Rupee rises 15 paise to 68.92 vs US dollar in early trade

The rupee depreciated 17 paise to 69.32 against the US dollar in opening trade Thursday as strengthening of the American currency in the overseas market weighed on the local unit.

Forex traders said, rupee is trading in a narrow range as market participants are trading the cautious path amid rising tensions between the US and Iran.

The rupee opened weak at 69.29 at the interbank forex market and then fell further to 69.32, down 17 paise over its last close.

The domestic unit had settled at 69.15 against the US dollar Wednesday.

On the global front, the trade concerns between the US and China, and rising US-Iran tensions are poised to dominate a high-stakes G20 summit from Friday.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 96.34.

Meanwhile, foreign fund inflows and positive opening in domestic equities supported the domestic currency.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 106.26 crore Wednesday, as per provisional data.

Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 74.26 points higher at 39,666.34 and Nifty up 20.50 points at 11,868.05.

Meanwhile, brent crude futures, the global oil benchmark, eased 0.39 per cent to USD 66.23 per barrel.&nbsp;

The rupee depreciated 17 paise to 69.32 against the US dollar in opening trade Thursday as strengthening of the American currency in the overseas market weighed on the local unit.

The rupee depreciated 17 paise to 69.32 against the US dollar in opening trade Thursday as strengthening of the American currency in the overseas market weighed on the local unit. Forex traders said, rupee is trading in a narrow range as market participants are trading the cautious path amid rising tensions between the US and Iran. The rupee opened weak at 69.29 at the interbank forex market and then fell further to 69.32, down 17 paise over its last close. The domestic unit had settled at 69.15 against the US dollar Wednesday. On the global front, the trade concerns between the US and China, and rising US-Iran tensions are poised to dominate a high-stakes G20 summit from Friday. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 96.34. Meanwhile, foreign fund inflows and positive opening in domestic equities supported the domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 106.26 crore Wednesday, as per provisional data. Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 74.26 points higher at 39,666.34 and Nifty up 20.50 points at 11,868.05. Meanwhile, brent crude futures, the global oil benchmark, eased 0.39 per cent to USD 66.23 per barrel.

Rupee slips 17 paise to 69.32 vs US dollar in early trade

The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone.

Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market, forex traders said.

However, a weak dollar against major currencies overseas restricted the rupee's fall, they added.

At the interbank foreign exchange (forex) market, the domestic currency opened sharply lower at 69.75 against the dollar. However, it recovered some lost ground in the early deals to trade at 69.72, registering a fall of 28 paise.&nbsp;

The rupee had settled at 69.44 against the US dollar Thursday.

Political tensions in the Middle East intensified Thursday when Iran claimed it had shot down a US military drone that was violating its airspace. However, the US has refuted this claim.

Meanwhile, the US barred its civilian flights from Tehran-controlled airspace over the Gulf and Gulf of Oman.

Foreign funds pulled out Rs 438 crore from capital markets on a net basis Thursday, provisional data showed.

Brent crude futures, the global oil benchmark, rose by 0.61 per cent to trade at USD 64.84 per barrel.

The BSE Sensex was trading 136.59 points, or 0.34 per cent, lower at 39,465.04 at 0930 hours. Similarly, the broader NSE Nifty was quoting 32.25 points, or 0.27 per cent, down at 11,799.50.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 96.53.&nbsp;

The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone.

The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone. Subdued sentiments in domestic equity markets also influenced the trading pattern in the currency market, forex traders said. However, a weak dollar against major currencies overseas restricted the rupee's fall, they added. At the interbank foreign exchange (forex) market, the domestic currency opened sharply lower at 69.75 against the dollar. However, it recovered some lost ground in the early deals to trade at 69.72, registering a fall of 28 paise. The rupee had settled at 69.44 against the US dollar Thursday. Political tensions in the Middle East intensified Thursday when Iran claimed it had shot down a US military drone that was violating its airspace. However, the US has refuted this claim. Meanwhile, the US barred its civilian flights from Tehran-controlled airspace over the Gulf and Gulf of Oman. Foreign funds pulled out Rs 438 crore from capital markets on a net basis Thursday, provisional data showed. Brent crude futures, the global oil benchmark, rose by 0.61 per cent to trade at USD 64.84 per barrel. The BSE Sensex was trading 136.59 points, or 0.34 per cent, lower at 39,465.04 at 0930 hours. Similarly, the broader NSE Nifty was quoting 32.25 points, or 0.27 per cent, down at 11,799.50. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 96.53.

Rupee slips 28 paise against US dollar in early trade

The rupee appreciated by 21 paise to 69.49 against the US dollar in opening trade Wednesday ahead of the US central bank's meeting.

The rupee opened strong at 69.57 at the interbank forex market then gained further ground to touch 69.49 per dollar, displaying gains of 21 paise against the greenback.

Forex dealers said market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week.

Besides, positive opening in domestic equities, foreign fund inflows and selling of the American currency by exporters supported the rupee.

On Tuesday, the rupee had settled at 69.70 against the US dollar.

Foreign funds infused Rs 31.73 crore in the capital markets on a net basis Tuesday, provisional data showed.

The benchmark <a href="https://www.wionews.com/business-economy/sensex-gains-over-300-points-nifty-past-11750-228541">BSE Sensex was trading with gains of 251.93 points</a>, or 0.65 per cent to quote at 39,298.27 while the NSE Nifty was trading at 11,782.70, up 91.20 points, or 0.78 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 62.23 per barrel higher by 0.14 per cent.

The rupee appreciated by 21 paise to 69.49 against the US dollar in opening trade Wednesday ahead of the US central bank's meeting. The rupee opened strong at 69.

The rupee appreciated by 21 paise to 69.49 against the US dollar in opening trade Wednesday ahead of the US central bank's meeting. The rupee opened strong at 69.57 at the interbank forex market then gained further ground to touch 69.49 per dollar, displaying gains of 21 paise against the greenback. Forex dealers said market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week. Besides, positive opening in domestic equities, foreign fund inflows and selling of the American currency by exporters supported the rupee. On Tuesday, the rupee had settled at 69.70 against the US dollar. Foreign funds infused Rs 31.73 crore in the capital markets on a net basis Tuesday, provisional data showed. The benchmark BSE Sensex was trading with gains of 251.93 points, or 0.65 per cent to quote at 39,298.27 while the NSE Nifty was trading at 11,782.70, up 91.20 points, or 0.78 per cent. Meanwhile, brent crude, the global benchmark, was trading at 62.23 per barrel higher by 0.14 per cent.

Rupee rises 21 paise to 69.49 against US dollar in early trade

The rupee appreciated by 11 paise to 69.80 against the US dollar in opening trade Tuesday, driven by positive opening in domestic equities and easing crude prices.

Forex dealers said, selling of the American currency by exporters and fall in crude oil prices supported the rupee. However, foreign fund outflows weighed on the domestic currency.

The rupee opened strong at 69.82 at the interbank forex market then gained further ground to touch 69.80 per dollar amid positive opening in domestic equities, displaying gains of 11 paise against the greenback.

On Monday, the rupee had settled at 69.91 against the US dollar.

Forex traders said investors are waiting the outcome of the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week.

Foreign funds pulled out Rs 331.21 crore from the capital markets on a net basis Monday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 74.25 points, or 0.19&nbsp;per cent to quote at 39,035.04 while the NSE Nifty was trading at 11,683.60, up 11.45 points, or 0.10 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 60.90 per barrel lower by 0.07 per cent.&nbsp;

The rupee appreciated by 11 paise to 69.80 against the US dollar in opening trade Tuesday, driven by positive opening in domestic equities and easing crude prices.

The rupee appreciated by 11 paise to 69.80 against the US dollar in opening trade Tuesday, driven by positive opening in domestic equities and easing crude prices. Forex dealers said, selling of the American currency by exporters and fall in crude oil prices supported the rupee. However, foreign fund outflows weighed on the domestic currency. The rupee opened strong at 69.82 at the interbank forex market then gained further ground to touch 69.80 per dollar amid positive opening in domestic equities, displaying gains of 11 paise against the greenback. On Monday, the rupee had settled at 69.91 against the US dollar. Forex traders said investors are waiting the outcome of the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of Japan, scheduled this week. Foreign funds pulled out Rs 331.21 crore from the capital markets on a net basis Monday, provisional data showed. The benchmark BSE Sensex was trading with gains of 74.25 points, or 0.19 per cent to quote at 39,035.04 while the NSE Nifty was trading at 11,683.60, up 11.45 points, or 0.10 per cent. Meanwhile, brent crude, the global benchmark, was trading at 60.90 per barrel lower by 0.07 per cent.

Rupee rises 11 paise to 69.80 vs US dollar in early trade

After ending in red on the previous close on Monday, the domestic stock market on Tuesday closed in green. While BSE Sensex went up 85.55 points to close at 39,046.34, NSE Nifty climbed 19.35 points at 11,691.50.

Sensex rebounded more than 150 points in the opening trade today morning and traded marginally higher at 38,969.76 at around 9.45 am. Nifty was trading slightly up at 11,678.25.

On Monday, BSE Sensex plunged 491.28 points to end at 38,960.79. Nifty, on the other hand, dropped 151.15 points to close at 11,672.15.

The stock market indices opened lower in early trade on Monday morning and continued to trade low this afternoon amid rising global crude oil prices and international trade tensions.

Meanwhile, the rupee gained 11 paise to 69.80 against the US dollar in opening trade.&nbsp;

(With inputs from agencies)&nbsp;

After ending in red on the previous close on Monday, the domestic stock market on Tuesday closed in green. While BSE Sensex went up 85.55 points to close at 39,046.

After ending in red on the previous close on Monday, the domestic stock market on Tuesday closed in green. While BSE Sensex went up 85.55 points to close at 39,046.34, NSE Nifty climbed 19.35 points at 11,691.50. Sensex rebounded more than 150 points in the opening trade today morning and traded marginally higher at 38,969.76 at around 9.45 am. Nifty was trading slightly up at 11,678.25. On Monday, BSE Sensex plunged 491.28 points to end at 38,960.79. Nifty, on the other hand, dropped 151.15 points to close at 11,672.15. The stock market indices opened lower in early trade on Monday morning and continued to trade low this afternoon amid rising global crude oil prices and international trade tensions. Meanwhile, the rupee gained 11 paise to 69.80 against the US dollar in opening trade. (With inputs from agencies)

Markets end in green; Sensex up by 85 points, Nifty at 11,691

The rupee depreciated by 9 paise to 69.89 against the US dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices.

The rupee opened weak at 69.87 at the interbank forex market and then fell further to 69.89, down 9 paise over its last close.

The local currency however pared the initial loss and was trading at 69.85 at 0951 hrs.

The rupee had settled at 69.80 against the US dollar Friday.

Forex traders said rising crude oil prices, foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian rupee.

Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 62.19 per barrel.

Meanwhile, foreign institutional investors (FIIs) pulled out Rs 238.64 crore on a net basis Friday, provisional data showed.

Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 166.71 points down at 39,285.36 and Nifty down 58 points at 11,765.30.&nbsp;

The rupee depreciated by 9 paise to 69.89 against the US dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices. The rupee opened weak at 69.

The rupee depreciated by 9 paise to 69.89 against the US dollar in early trade Monday on weak opening in domestic equities and rising crude oil prices. The rupee opened weak at 69.87 at the interbank forex market and then fell further to 69.89, down 9 paise over its last close. The local currency however pared the initial loss and was trading at 69.85 at 0951 hrs. The rupee had settled at 69.80 against the US dollar Friday. Forex traders said rising crude oil prices, foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian rupee. Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 62.19 per barrel. Meanwhile, foreign institutional investors (FIIs) pulled out Rs 238.64 crore on a net basis Friday, provisional data showed. Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 166.71 points down at 39,285.36 and Nifty down 58 points at 11,765.30.

Rupee slips 9 paise to 69.89 vs US dollar in early trade

The rupee opened on a weak note and declined by 11 paise to 69.61 against the US dollar in opening trade Friday, as rising crude oil price concerns weighed on investor community.

The rupee opened weak at 69.55 at the interbank forex market and then fell further to 69.61, down 11 paise over its last close.

The rupee had settled at 69.50 against the US dollar on Thursday.

Forex traders said, rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy.

Besides, strengthening of the American currency in the overseas market and weak opening in domestic equities weighed on the local unit.

Meanwhile, foreign fund inflows supported the domestic currency.

Brent crude futures, the global oil benchmark, rose 0.47 per cent to US $61.60 per barrel.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 172.35 crore Thursday, as per provisional data.

Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 76.97 points down at 39,664.39 and Nifty down 28.25 points at 11,885.80.&nbsp;

The rupee opened on a weak note and declined by 11 paise to 69.61 against the US dollar in opening trade Friday, as rising crude oil price concerns weighed on investor community.

The rupee opened on a weak note and declined by 11 paise to 69.61 against the US dollar in opening trade Friday, as rising crude oil price concerns weighed on investor community. The rupee opened weak at 69.55 at the interbank forex market and then fell further to 69.61, down 11 paise over its last close. The rupee had settled at 69.50 against the US dollar on Thursday. Forex traders said, rupee is trading in a narrow range as prospects of an interest rate cut by the US Federal Reserve kept investors edgy. Besides, strengthening of the American currency in the overseas market and weak opening in domestic equities weighed on the local unit. Meanwhile, foreign fund inflows supported the domestic currency. Brent crude futures, the global oil benchmark, rose 0.47 per cent to US $61.60 per barrel. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 172.35 crore Thursday, as per provisional data. Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 76.97 points down at 39,664.39 and Nifty down 28.25 points at 11,885.80.

Rupee slips 11 paise to 69.61 vs US dollar in early trade

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Wednesday, driven by easing crude oil prices and foreign fund inflows.

Forex traders said the weakening of the greenback vis-a-vis some major currencies overseas aided the local unit. However, a weak opening in domestic equities weighed on the domestic currency.

The rupee opened strong at 69.38 at the interbank forex market, then gained further ground and touched 69.36, displaying gains of 8 paise over its last close.

The local unit, however, pared some gains and was trading at 69.38, up 6 paise from its previous close at 1005 hrs.

The rupee had settled at 69.44 against the US dollar Tuesday.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 95.79 crore Tuesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, eased 1.43 per cent to US $61.40 per barrel.

Domestic bourses opened on a bearish note Wednesday with benchmark indices Sensex trading 202.24 points down at 39,748.22 and Nifty down 57.65 points at 11,907.95.

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Wednesday, driven by easing crude oil prices and foreign fund inflows. Forex traders said the weakening of the greenback vis-a-vis some major currencies overseas aided the local unit.

The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade Wednesday, driven by easing crude oil prices and foreign fund inflows. Forex traders said the weakening of the greenback vis-a-vis some major currencies overseas aided the local unit. However, a weak opening in domestic equities weighed on the domestic currency. The rupee opened strong at 69.38 at the interbank forex market, then gained further ground and touched 69.36, displaying gains of 8 paise over its last close. The local unit, however, pared some gains and was trading at 69.38, up 6 paise from its previous close at 1005 hrs. The rupee had settled at 69.44 against the US dollar Tuesday. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 95.79 crore Tuesday, according to provisional exchange data. Brent crude futures, the global oil benchmark, eased 1.43 per cent to US $61.40 per barrel. Domestic bourses opened on a bearish note Wednesday with benchmark indices Sensex trading 202.24 points down at 39,748.22 and Nifty down 57.65 points at 11,907.95.

Rupee rises 8 paise to 69.38 vs US dollar in early trade

The rupee opened marginally higher and touched 69.21 against the US dollar in opening trade Friday, after the Reserve Bank cut key interest rates by 0.25 percentage point.

To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate cuts.

Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy.

The rupee opened at 69.23 the interbank forex market then gained further ground to touch 69.21 per dollar amid positive opening in domestic equities, displaying gains of 7 paise against the greenback.

On Thursday, the rupee had settled at 69.28 against the US dollar.

Meanwhile, foreign fund inflows, higher crude oil prices and lower opening in domestic equities weighed on the domestic currency and restricted the upmove.

Foreign funds pulled out Rs 1,448.99 crore in the capital markets on a net basis Thursday, provisional data showed.

The benchmark BSE Sensex opened on a cautious note and was trading lower by 43.75 points or down 0.11 per cent to quote at 39,485.97. While the NSE Nifty was trading at 11,827.95, down 15.80 points, or 0.13 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 62.53 per barrel higher by 1.39 per cent.

The rupee opened marginally higher and touched 69.21 against the US dollar in opening trade Friday, after the Reserve Bank cut key interest rates by 0.25 percentage point.

The rupee opened marginally higher and touched 69.21 against the US dollar in opening trade Friday, after the Reserve Bank cut key interest rates by 0.25 percentage point. To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 per cent and changed its monetary policy stance to accommodative, leaving space for future rate cuts. Forex traders said investors welcomed the RBI policy decision as this would help to boost the slowing economy. The rupee opened at 69.23 the interbank forex market then gained further ground to touch 69.21 per dollar amid positive opening in domestic equities, displaying gains of 7 paise against the greenback. On Thursday, the rupee had settled at 69.28 against the US dollar. Meanwhile, foreign fund inflows, higher crude oil prices and lower opening in domestic equities weighed on the domestic currency and restricted the upmove. Foreign funds pulled out Rs 1,448.99 crore in the capital markets on a net basis Thursday, provisional data showed. The benchmark BSE Sensex opened on a cautious note and was trading lower by 43.75 points or down 0.11 per cent to quote at 39,485.97. While the NSE Nifty was trading at 11,827.95, down 15.80 points, or 0.13 per cent. Meanwhile, brent crude, the global benchmark, was trading at 62.53 per barrel higher by 1.39 per cent.

Rupee opens marginally higher post RBI policy decision

The rupee on Friday fell by 18 paise to close at 69.46 against the US currency on the strengthening of the greenback in overseas markets and rising crude oil prices.

Forex traders said that weakened Asian currencies also added to the pressure on the domestic unit.

However, gains in domestic equities supported the rupee and capped its losses to some extent, they added.

At the interbank foreign exchange (forex) market, the domestic currency opened higher at 69.23 per dollar, but lost ground during the day to fall to 69.52. The rupee finally settled at 69.46, down 18 paise over its previous close.

The rupee had settled at 69.28 against the US dollar Thursday.

The local currency on a weekly basis gained 24 paise.

"Rupee has declined against the dollar following recovery in crude oil prices and lower Asian currencies against US dollar," said V K Sharma, Head-PCG &amp; Capital Market Strategy, HDFC Securities.

Brent crude futures, the global oil benchmark, climbed 1.62 per cent to USD 62.67 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 97.06, ahead of the US payroll data. 
Meanwhile, the 10-year government bond yield was at 6.97 per cent on Friday.

"The yield on benchmark 10-year bonds rises 4 bps to 6.97 per cent, heading for a fourth straight weekly drop after RBI's "accommodative" stance from "neutral" and cut 25 bps interest rate," Sharma said.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 478.84 crore Friday, the provisional data showed.

Equity benchmarks had a highly volatile trade Friday. The BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3205 and for rupee/euro at 77.8192. The reference rate for rupee/British pound was fixed at 87.8744 and for rupee/100 Japanese yen at 64.12.&nbsp;

The rupee on Friday fell by 18 paise to close at 69.46 against the US currency on the strengthening of the greenback in overseas markets and rising crude oil prices.

The rupee on Friday fell by 18 paise to close at 69.46 against the US currency on the strengthening of the greenback in overseas markets and rising crude oil prices. Forex traders said that weakened Asian currencies also added to the pressure on the domestic unit. However, gains in domestic equities supported the rupee and capped its losses to some extent, they added. At the interbank foreign exchange (forex) market, the domestic currency opened higher at 69.23 per dollar, but lost ground during the day to fall to 69.52. The rupee finally settled at 69.46, down 18 paise over its previous close. The rupee had settled at 69.28 against the US dollar Thursday. The local currency on a weekly basis gained 24 paise. "Rupee has declined against the dollar following recovery in crude oil prices and lower Asian currencies against US dollar," said V K Sharma, Head-PCG & Capital Market Strategy, HDFC Securities. Brent crude futures, the global oil benchmark, climbed 1.62 per cent to USD 62.67 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 97.06, ahead of the US payroll data. Meanwhile, the 10-year government bond yield was at 6.97 per cent on Friday. "The yield on benchmark 10-year bonds rises 4 bps to 6.97 per cent, heading for a fourth straight weekly drop after RBI's "accommodative" stance from "neutral" and cut 25 bps interest rate," Sharma said. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 478.84 crore Friday, the provisional data showed. Equity benchmarks had a highly volatile trade Friday. The BSE gauge settled 86.18 points, or 0.22 per cent, up at 39,615.90. The broader NSE Nifty rose 26.90 points, or 0.23 per cent, to settle at 11,870.65. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3205 and for rupee/euro at 77.8192. The reference rate for rupee/British pound was fixed at 87.8744 and for rupee/100 Japanese yen at 64.12.

Rupee drops 18 paise to 69.46 vs US dollar as crude oil rebounds

The rupee opened on a weak note and declined by 19 paise to 69.45 against the US dollar in opening trade Thursday, ahead of the Reserve Bank of India's monetary policy decision.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the Indian rupee.

The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day.

The rupee opened weak at 69.41 at the interbank forex market and then fell further to 69.45, down 19 paise over its last close.

The rupee had settled at 69.26 against the US dollar Tuesday.

Indian bonds and Forex markets were closed Wednesday on account of Id-Ul-Fitr.

Forex traders said a cautious opening in domestic equities weighed on the local unit.

Brent crude futures, the global oil benchmark, rose 0.25 per cent to USD 60.78 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 416.08 crore Tuesday, as per provisional data.

Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 85.04 points down at 39,998.50 and Nifty down 42.60 points at 11,979.05.

The rupee opened on a weak note and declined by 19 paise to 69.45 against the US dollar in opening trade Thursday, ahead of the Reserve Bank of India's monetary policy decision.

The rupee opened on a weak note and declined by 19 paise to 69.45 against the US dollar in opening trade Thursday, ahead of the Reserve Bank of India's monetary policy decision. Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the Indian rupee. The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day. The rupee opened weak at 69.41 at the interbank forex market and then fell further to 69.45, down 19 paise over its last close. The rupee had settled at 69.26 against the US dollar Tuesday. Indian bonds and Forex markets were closed Wednesday on account of Id-Ul-Fitr. Forex traders said a cautious opening in domestic equities weighed on the local unit. Brent crude futures, the global oil benchmark, rose 0.25 per cent to USD 60.78 per barrel. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 416.08 crore Tuesday, as per provisional data. Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 85.04 points down at 39,998.50 and Nifty down 42.60 points at 11,979.05.

Rupee slips 19 paise to 69.45 vs US dollar in early trade ahead of RBI policy outcome

The rupee appreciated by 26 paise to 69.00 against the US dollar in early trade Tuesday driven by the weakening of the greenback in overseas markets and sustained foreign fund inflows.

Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and easing crude oil prices supported the rupee.

At the interbank foreign exchange, the rupee opened on a weak note at 69.10, but gathered momentum and rose to a high of 69.00 against the US dollar, showing 26 paise gain over its previous closing.

The local unit, however, pared some gains and was quoted at 69.13 against the American currency at 0949 hrs.

The rupee had settled at 69.26 against the US dollar on Monday.

Forex traders said the rupee strengthened on an expectation of a rate cut in key policy rates by the Reserve Bank of India.

Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 3,068.88 crore Monday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.31 per cent to trade at USD 61.09 per barrel.

Domestic bourses opened on a cautious note Tuesday with benchmark indices Sensex trading 58.44 points down at 40,209.18 and Nifty down 19.75 points at 12,068.80.

The rupee appreciated by 26 paise to 69.00 against the US dollar in early trade Tuesday driven by the weakening of the greenback in overseas markets and sustained foreign fund inflows.

The rupee appreciated by 26 paise to 69.00 against the US dollar in early trade Tuesday driven by the weakening of the greenback in overseas markets and sustained foreign fund inflows. Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and easing crude oil prices supported the rupee. At the interbank foreign exchange, the rupee opened on a weak note at 69.10, but gathered momentum and rose to a high of 69.00 against the US dollar, showing 26 paise gain over its previous closing. The local unit, however, pared some gains and was quoted at 69.13 against the American currency at 0949 hrs. The rupee had settled at 69.26 against the US dollar on Monday. Forex traders said the rupee strengthened on an expectation of a rate cut in key policy rates by the Reserve Bank of India. Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 3,068.88 crore Monday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 0.31 per cent to trade at USD 61.09 per barrel. Domestic bourses opened on a cautious note Tuesday with benchmark indices Sensex trading 58.44 points down at 40,209.18 and Nifty down 19.75 points at 12,068.80.

Rupee rises 26 paise to 69.00 against US dollar

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