The rupee appreciated by 31 paise to 69.39 against the US dollar in opening trade Monday, driven by easing crude prices and a higher opening in domestic equities.

Forex dealers said the local currency gained strength ahead of the Reserve Bank of India's monetary policy meet. The Monetary Policy Committee (MPC), which decides on key interest rates, will hold a meeting on June 3, 4 and 6.

The rupee opened strong at 69.48 at the interbank forex market then gained further ground and touched 69.39 amid a positive opening in domestic equities, displaying gains of 31 paise over its last close.

The rupee Friday had settled at 69.70 to the US dollar.

Meanwhile, the 10-year government bond yield was at 6.95 per cent on Monday, against the previous close of 7.03 per cent on Friday.

Forex traders said foreign fund inflows also supported the domestic currency.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 676.15 crore on a net basis Friday, provisional exchange data showed.

Brent crude futures, the global oil benchmark, eased 1.13 per cent to USD 61.29 per barrel.

Meanwhile, the benchmark BSE Sensex was trading higher by 187.60 points, or 0.47 per cent to quote at 39,901.80 while the NSE Nifty was trading at 11,963.10, higher by 40.30 points, or 0.34 per cent.

The rupee appreciated by 31 paise to 69.39 against the US dollar in opening trade Monday, driven by easing crude prices and a higher opening in domestic equities.

The rupee appreciated by 31 paise to 69.39 against the US dollar in opening trade Monday, driven by easing crude prices and a higher opening in domestic equities. Forex dealers said the local currency gained strength ahead of the Reserve Bank of India's monetary policy meet. The Monetary Policy Committee (MPC), which decides on key interest rates, will hold a meeting on June 3, 4 and 6. The rupee opened strong at 69.48 at the interbank forex market then gained further ground and touched 69.39 amid a positive opening in domestic equities, displaying gains of 31 paise over its last close. The rupee Friday had settled at 69.70 to the US dollar. Meanwhile, the 10-year government bond yield was at 6.95 per cent on Monday, against the previous close of 7.03 per cent on Friday. Forex traders said foreign fund inflows also supported the domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 676.15 crore on a net basis Friday, provisional exchange data showed. Brent crude futures, the global oil benchmark, eased 1.13 per cent to USD 61.29 per barrel. Meanwhile, the benchmark BSE Sensex was trading higher by 187.60 points, or 0.47 per cent to quote at 39,901.80 while the NSE Nifty was trading at 11,963.10, higher by 40.30 points, or 0.34 per cent.

Rupee rises 31 paise to 69.39 against US dollar

The rupee appreciated by 15 paise to 69.72 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets.

Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee.

The rupee opened strong at 69.78 at the interbank forex market then gained further ground to touch 69.72 per dollar, displaying gains of 15 paise against the greenback.

On Thursday, the rupee had settled at 69.87 against the US dollar.

However, the currency market is expected to witness high volatility ahead of the release of key economic data later in the day, they said.

Meanwhile, Narendra Modi was on Thursday <a href="https://www.wionews.com/india-general-elections-2019/narendra-modi-takes-oath-as-prime-minister-for-second-time-222847">sworn in as the Prime Minister for a second term</a> helming a 58-member ministry.

Besides 25 Cabinet ministers including Modi, Shah, Rajnath Singh, Nirmala Sitharaman, Nitin Gadkari, Smriti Irani, Piyush Goyal and Jaishankar, nine were sworn in as Minister of State with Independent charge and another 24 as Minister of State.

Foreign funds infused Rs 1,664.74 crore in the capital markets on a net basis Thursday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 267.63 points, or 0.67 per cent to quote at 40,099.60 while the NSE Nifty was trading at 12,033.30, up 87.40 points, or 0.73 per cent.

Brent crude, the global benchmark, was trading at 66.03 per barrel lower by 1.26 per cent.&nbsp;

The rupee appreciated by 15 paise to 69.72 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets.

The rupee appreciated by 15 paise to 69.72 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets. Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee. The rupee opened strong at 69.78 at the interbank forex market then gained further ground to touch 69.72 per dollar, displaying gains of 15 paise against the greenback. On Thursday, the rupee had settled at 69.87 against the US dollar. However, the currency market is expected to witness high volatility ahead of the release of key economic data later in the day, they said. Meanwhile, Narendra Modi was on Thursday sworn in as the Prime Minister for a second term helming a 58-member ministry. Besides 25 Cabinet ministers including Modi, Shah, Rajnath Singh, Nirmala Sitharaman, Nitin Gadkari, Smriti Irani, Piyush Goyal and Jaishankar, nine were sworn in as Minister of State with Independent charge and another 24 as Minister of State. Foreign funds infused Rs 1,664.74 crore in the capital markets on a net basis Thursday, provisional data showed. The benchmark BSE Sensex was trading with gains of 267.63 points, or 0.67 per cent to quote at 40,099.60 while the NSE Nifty was trading at 12,033.30, up 87.40 points, or 0.73 per cent. Brent crude, the global benchmark, was trading at 66.03 per barrel lower by 1.26 per cent.

Rupee rises 15 paise to 69.72 against US dollar

The rupee Thursday fell marginally by 4 paise to close at 69.87 against the US currency, extending its decline for a third straight day, due to a stronger dollar and investors awaiting the allocation of key portfolios in the newly elected government.&nbsp;

Foreign fund inflows, strong gains in equities and easing crude oil prices, however, helped the local currency contain losses.&nbsp;

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day's low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close.

The rupee Wednesday had settled at 69.83 to the US dollar.

"Rupee opened on strong note but failed to hold at the higher levels. This is going to be the third straight session of fall in the rupee," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

The rupee has now depreciated by 36 paise in the three sessions to Thursday.

The dollar inched towards one-week high levels against major rivals in global markets after US-China trade worries unnerved investors.&nbsp;

Prime Minister Narendra Modi and his council of ministers were set to take oath at 1900 hours Thursday for a second term as suspense mounted on who will get the big four berths -- Home, Finance, Defence and External Affairs.

Going ahead, macroeconomic data like gross domestic product data for January-March quarter and provisional estimates for the whole 2018/19 fiscal year ending in March to be released on Friday and RBI monetary policy outcome would give further direction to the rupee, Sharma said.

RBI's monetary policy outcome is scheduled to be released on June 6.

Forex traders said easing crude oil prices in the overseas market, foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 98.12.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.58 per cent to trade at USD 69.05 per barrel.

Foreign funds infused Rs 1,664.74 crore in the capital markets on a net basis Thursday, provisional data showed.

After a day's breather, benchmark Sensex Thursday resumed its record-setting spree by rallying 330 points on gains in index heavyweights RIL, HDFC and TCS amid expiry of May derivative contracts.

After soaring over 400 points, the 30-share index ended 329.92 points, or 0.84 per cent, higher at 39,831.97 -- its fresh-closing high. The broader NSE Nifty also settled at a new closing peak at 11,945.90, gaining 84.80 points or 0.71 per cent.

Government bonds fell, leading to 0.13 per cent rise in the yield to 7.14 per cent.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.8805 and for rupee/euro at 78.0095. The reference rate for rupee/British pound was fixed at 88.4706 and for rupee/100 Japanese yen at 63.97.&nbsp;

The rupee Thursday fell marginally by 4 paise to close at 69.87 against the US currency, extending its decline for a third straight day, due to a stronger dollar and investors awaiting the allocation of key portfolios in the newly elected government.

The rupee Thursday fell marginally by 4 paise to close at 69.87 against the US currency, extending its decline for a third straight day, due to a stronger dollar and investors awaiting the allocation of key portfolios in the newly elected government. Foreign fund inflows, strong gains in equities and easing crude oil prices, however, helped the local currency contain losses. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day's low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close. The rupee Wednesday had settled at 69.83 to the US dollar. "Rupee opened on strong note but failed to hold at the higher levels. This is going to be the third straight session of fall in the rupee," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. The rupee has now depreciated by 36 paise in the three sessions to Thursday. The dollar inched towards one-week high levels against major rivals in global markets after US-China trade worries unnerved investors. Prime Minister Narendra Modi and his council of ministers were set to take oath at 1900 hours Thursday for a second term as suspense mounted on who will get the big four berths -- Home, Finance, Defence and External Affairs. Going ahead, macroeconomic data like gross domestic product data for January-March quarter and provisional estimates for the whole 2018/19 fiscal year ending in March to be released on Friday and RBI monetary policy outcome would give further direction to the rupee, Sharma said. RBI's monetary policy outcome is scheduled to be released on June 6. Forex traders said easing crude oil prices in the overseas market, foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 98.12. Meanwhile, Brent crude futures, the global oil benchmark, fell 0.58 per cent to trade at USD 69.05 per barrel. Foreign funds infused Rs 1,664.74 crore in the capital markets on a net basis Thursday, provisional data showed. After a day's breather, benchmark Sensex Thursday resumed its record-setting spree by rallying 330 points on gains in index heavyweights RIL, HDFC and TCS amid expiry of May derivative contracts. After soaring over 400 points, the 30-share index ended 329.92 points, or 0.84 per cent, higher at 39,831.97 -- its fresh-closing high. The broader NSE Nifty also settled at a new closing peak at 11,945.90, gaining 84.80 points or 0.71 per cent. Government bonds fell, leading to 0.13 per cent rise in the yield to 7.14 per cent. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.8805 and for rupee/euro at 78.0095. The reference rate for rupee/British pound was fixed at 88.4706 and for rupee/100 Japanese yen at 63.97.

Rupee falls for third day; slips 4 paise to 69.87 vs US dollar

Sliding for the second straight day, the rupee lost 14 paise to close at 69.83 against the US dollar Wednesday as investors sought safe-haven currencies like the greenback and yen amid global growth concerns.

The rupee has now depreciated by 32 paise in two sessions.

Forex traders said persistent foreign fund outflows and a sell-off in domestic equities kept pressure on the local currency. However, easing crude oil prices cushioned the fall.

Globally, the US dollar and Japanese yen strengthened after the 10-year US bond yields slipped below the 3-month rates -- which is considered a leading indicator of a recession.

At the Interbank Foreign Exchange (forex) market, the rupee opened weak at 69.77 and fell further to touch the day's low of 69.99. It finally ended at 69.83 per dollar, down 14 paise against its previous close of 69.69.

Brent crude futures, the global oil benchmark, tumbled 2.28 per cent to USD 68.51 per barrel.

On the global front, the Trump administration Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which addressed some of its major concerns.

Switzerland is the other nation that has been removed by the US from its currency monitoring list which, among others, include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam.

Meanwhile, Foreign Institutional Investors (FIIs) pulled out Rs 304.27 crore on a net basis Wednesday, provisional data showed.

The dollar index, which gauges the greenback's strength against a basket&nbsp;of six currencies, rose 0.07 per cent to 98.02.

Government bonds rose, leading to 0.28 per cent drop in the yield to 7.13 per cent.

Snapping its three-day rising streak, the BSE Sensex dropped 248 points Wednesday led by losses in banking, metal and auto stocks amid weak cues from global markets.

After slumping over 300 points, the 30-share index ended 247.68 points, or 0.62 per cent, lower at 39,502.05. Likewise, the broader NSE Nifty shed 67.65 points, or 0.57 per cent, to finish at 11,861.10.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.6142 and for rupee/euro at 77.8574. The reference rate for rupee/British pound was fixed at 88.2792 and for rupee/100 Japanese yen at 63.59.

Sliding for the second straight day, the rupee lost 14 paise to close at 69.83 against the US dollar Wednesday as investors sought safe-haven currencies like the greenback and yen amid global growth concerns.

Sliding for the second straight day, the rupee lost 14 paise to close at 69.83 against the US dollar Wednesday as investors sought safe-haven currencies like the greenback and yen amid global growth concerns. The rupee has now depreciated by 32 paise in two sessions. Forex traders said persistent foreign fund outflows and a sell-off in domestic equities kept pressure on the local currency. However, easing crude oil prices cushioned the fall. Globally, the US dollar and Japanese yen strengthened after the 10-year US bond yields slipped below the 3-month rates -- which is considered a leading indicator of a recession. At the Interbank Foreign Exchange (forex) market, the rupee opened weak at 69.77 and fell further to touch the day's low of 69.99. It finally ended at 69.83 per dollar, down 14 paise against its previous close of 69.69. Brent crude futures, the global oil benchmark, tumbled 2.28 per cent to USD 68.51 per barrel. On the global front, the Trump administration Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which addressed some of its major concerns. Switzerland is the other nation that has been removed by the US from its currency monitoring list which, among others, include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam. Meanwhile, Foreign Institutional Investors (FIIs) pulled out Rs 304.27 crore on a net basis Wednesday, provisional data showed. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 98.02. Government bonds rose, leading to 0.28 per cent drop in the yield to 7.13 per cent. Snapping its three-day rising streak, the BSE Sensex dropped 248 points Wednesday led by losses in banking, metal and auto stocks amid weak cues from global markets. After slumping over 300 points, the 30-share index ended 247.68 points, or 0.62 per cent, lower at 39,502.05. Likewise, the broader NSE Nifty shed 67.65 points, or 0.57 per cent, to finish at 11,861.10. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.6142 and for rupee/euro at 77.8574. The reference rate for rupee/British pound was fixed at 88.2792 and for rupee/100 Japanese yen at 63.59.

Rupee slips 14 paise to 69.83 vs US dollar

The rupee Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers 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 lower at 69.68 per dollar and fell further to touch the day's low of 69.74. It finally settled at 69.69, down 18 paise over its previous close.

The rupee had settled at 69.51 against the US dollar Monday.

"Month end dollar demand from oil importers, weaker Asian currencies and probable foreign funds outflows by MSCI re-balancing dragged the rupee lower in Tuesday's trade," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

Going forward, the focus will be on RBI monetary policy outcome scheduled on June 6, on GDP data and manufacturing activity numbers scheduled on Friday this week.

Brent crude futures, the global oil benchmark, climbed 0.53 per cent to&nbsp;USD 70.48 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 97.77.

Meanwhile, government bonds rose, leading to 0.39 per cent drop in the yield to 7.14 per cent.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,215.36 crore Monday, as per provisional data.

Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.

After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.4327 and for rupee/euro at 77.8220. The reference rate for rupee/British pound was fixed at 88.4795 and for rupee/100 Japanese yen at 63.38.&nbsp;

The rupee Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers and rising crude oil prices.

The rupee Tuesday declined by 18 paise to close at 69.69 against the US currency, weighed down by month-end dollar demand from importers 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 lower at 69.68 per dollar and fell further to touch the day's low of 69.74. It finally settled at 69.69, down 18 paise over its previous close. The rupee had settled at 69.51 against the US dollar Monday. "Month end dollar demand from oil importers, weaker Asian currencies and probable foreign funds outflows by MSCI re-balancing dragged the rupee lower in Tuesday's trade," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. Going forward, the focus will be on RBI monetary policy outcome scheduled on June 6, on GDP data and manufacturing activity numbers scheduled on Friday this week. Brent crude futures, the global oil benchmark, climbed 0.53 per cent to USD 70.48 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 97.77. Meanwhile, government bonds rose, leading to 0.39 per cent drop in the yield to 7.14 per cent. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,215.36 crore Monday, as per provisional data. Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues. After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high. Likewise, the broader NSE Nifty inched 4 points, or 0.03 per cent, higher to 11,928.75 -- another closing peak for the index. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.4327 and for rupee/euro at 77.8220. The reference rate for rupee/British pound was fixed at 88.4795 and for rupee/100 Japanese yen at 63.38.

Rupee slips 18 paise to 69.69 vs US dollar

The rupee Monday gave away its morning gains and closed with a marginal rise of 2 paise at 69.51 against the US dollar amid a recovery in the greenback against Asian currencies and foreign fund flows.

Forex traders said the rise in the rupee was in line with uptrend in equities and foreign fund inflows. However, rising crude oil prices dampened the sentiment of traders.

At the interbank foreign exchange, the domestic unit opened higher at 69.40 and further went to touch the day's high of 69.34.

The local currency, however, pared gains and finally settled at 69.51, registering a rise of 2 paise over its previous close. On Friday, the domestic unit had closed at 69.53.

"Foreign funds back with a bang in domestic equity market with buying $555 million in last week after Prime Minister Narendra Modi lead NDA government got a second term with strong mandate. PM Modi's win assures policy continuity and stability, and economic reform will lead to fresh dollar inflows in domestic market," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

The yield of benchmark 10-year government bonds fell to a 13-month low of 7.165 per cent after the Reserve Bank announced open market operations in June, Retail Research Head Deepak Jasani said.

Foreign institutional investors (FIIs) were net buyers in the capital markets, buying shares worth 2,026.33 crore on Friday, according to exchange data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 97.72.

"Healthy FPIs flows and decisive general election results appear to have helped INR strengthen against US Dollar," Rajesh Cheruvu, the Chief Investment Officer, WGC Wealth said adding that domestic policy continuity and stability seems to have amplified the strength of domestic currency over its regional and emerging peers.

Brent crude futures, the global oil benchmark, rose 0.70 per cent to trade at USD 69.17 per barrel.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.6096 and for rupee/euro at 77.9744. The reference rate for rupee/British pound was fixed at 88.3021 and for rupee/100 Japanese yen at 63.55.&nbsp;

The rupee Monday gave away its morning gains and closed with a marginal rise of 2 paise at 69.51 against the US dollar amid a recovery in the greenback against Asian currencies and foreign fund flows.

The rupee Monday gave away its morning gains and closed with a marginal rise of 2 paise at 69.51 against the US dollar amid a recovery in the greenback against Asian currencies and foreign fund flows. Forex traders said the rise in the rupee was in line with uptrend in equities and foreign fund inflows. However, rising crude oil prices dampened the sentiment of traders. At the interbank foreign exchange, the domestic unit opened higher at 69.40 and further went to touch the day's high of 69.34. The local currency, however, pared gains and finally settled at 69.51, registering a rise of 2 paise over its previous close. On Friday, the domestic unit had closed at 69.53. "Foreign funds back with a bang in domestic equity market with buying $555 million in last week after Prime Minister Narendra Modi lead NDA government got a second term with strong mandate. PM Modi's win assures policy continuity and stability, and economic reform will lead to fresh dollar inflows in domestic market," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. The yield of benchmark 10-year government bonds fell to a 13-month low of 7.165 per cent after the Reserve Bank announced open market operations in June, Retail Research Head Deepak Jasani said. Foreign institutional investors (FIIs) were net buyers in the capital markets, buying shares worth 2,026.33 crore on Friday, according to exchange data. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 97.72. "Healthy FPIs flows and decisive general election results appear to have helped INR strengthen against US Dollar," Rajesh Cheruvu, the Chief Investment Officer, WGC Wealth said adding that domestic policy continuity and stability seems to have amplified the strength of domestic currency over its regional and emerging peers. Brent crude futures, the global oil benchmark, rose 0.70 per cent to trade at USD 69.17 per barrel. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.6096 and for rupee/euro at 77.9744. The reference rate for rupee/British pound was fixed at 88.3021 and for rupee/100 Japanese yen at 63.55.

Rupee settles with marginal gain of 2 paise against US dollar amid recovery in greenback

With early trends in Lok Sabha polls counting indicating&nbsp;NDA win, markets opened on a strong&nbsp;note on Thursday with Sensex and Nifty scaling record&nbsp;highs.

The benchmark BSE Sensex jumped over 600 points in early trade. In similar movement, the broader NSE Nifty rose to 11, 900. 
 
IndusInd Bank was the top percentage gainer on the Nifty, rising 5%, while State Bank of India Ltd climbed 3.2% higher.&nbsp;Index heavyweights Reliance Industries Ltd was 2% higher while Housing Development Finance Corp Ltd climbed 2.5%.&nbsp;Only one stock was trading lower on the Nifty.&nbsp;

Exit polls have predicted a massive and comfortable win for Modi-led Bharatiya Janata Party in Lok Sabha polls 2019. The markets are expected to remain action-packed today.

Watch:&nbsp;Record high opening for Indian markets

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/lok-sabha-2019-results-record-high-opening-for-indian-markets-220794/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The BSE Sensex index rose by its biggest amount in one day since September 2013 on Monday after exit polls showed the National Democratic Alliance (NDA) party led by Prime Minister Narendra Modi will retain power for a second consecutive term. 
&nbsp;

With early trends in Lok Sabha polls counting indicating NDA win, markets opened on a strong note on Thursday with Sensex and Nifty scaling record highs. The benchmark BSE Sensex jumped over 600 points in early trade.

With early trends in Lok Sabha polls counting indicating NDA win, markets opened on a strong note on Thursday with Sensex and Nifty scaling record highs. The benchmark BSE Sensex jumped over 600 points in early trade. In similar movement, the broader NSE Nifty rose to 11, 900. IndusInd Bank was the top percentage gainer on the Nifty, rising 5%, while State Bank of India Ltd climbed 3.2% higher. Index heavyweights Reliance Industries Ltd was 2% higher while Housing Development Finance Corp Ltd climbed 2.5%. Only one stock was trading lower on the Nifty. Exit polls have predicted a massive and comfortable win for Modi-led Bharatiya Janata Party in Lok Sabha polls 2019. The markets are expected to remain action-packed today. Watch: Record high opening for Indian markets The BSE Sensex index rose by its biggest amount in one day since September 2013 on Monday after exit polls showed the National Democratic Alliance (NDA) party led by Prime Minister Narendra Modi will retain power for a second consecutive term.

Riding on early election trends, Sensex rises over 600 points; Nifty tops 11,900

The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term.

The rupee opened strong at 69.45 at the interbank forex market, then gained further ground and touched 69.40, displaying gains of 26 paise over its last close.

The rupee had settled at 69.66 against the US dollar Wednesday.

Forex traders said, besides the Loka Sabha election outcome, easing crude prices and higher opening in domestic equities also supported the rupee.

Foreign fund outflows, however, dampened the sentiment of forex traders.

Foreign institutional investors (FIIs) were net sellers in the capital markets, pulling out Rs 965.02 crore Wednesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, eased 0.58 per cent to $70.58 per barrel.

Domestic bourses opened on a bullish note Thursday with both benchmark indices Sensex and Nifty hitting all-time highs.

The 30-share Sensex was trading at 39,722.15 points, up 611.94 points while Nifty was trading higher by 226.80 points at 11,964.70.

The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country. The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term. The rupee opened strong at 69.45 at the interbank forex market, then gained further ground and touched 69.40, displaying gains of 26 paise over its last close. The rupee had settled at 69.66 against the US dollar Wednesday. Forex traders said, besides the Loka Sabha election outcome, easing crude prices and higher opening in domestic equities also supported the rupee. Foreign fund outflows, however, dampened the sentiment of forex traders. Foreign institutional investors (FIIs) were net sellers in the capital markets, pulling out Rs 965.02 crore Wednesday, according to provisional exchange data. Brent crude futures, the global oil benchmark, eased 0.58 per cent to $70.58 per barrel. Domestic bourses opened on a bullish note Thursday with both benchmark indices Sensex and Nifty hitting all-time highs. The 30-share Sensex was trading at 39,722.15 points, up 611.94 points while Nifty was trading higher by 226.80 points at 11,964.70.

Rupee rises 26 paise as early trends show return of NDA

Rising for the second straight session, the rupee Tuesday inched up 6 paise to 69.80 against the US dollar on fresh foreign funds inflows amid exit poll predictions of a clear majority for the NDA.

Besides, a positive start of the equity markets also supported the rupee, forex dealers said.

However, a strong US dollar against major global currencies and rising crude prices capped gains of the domestic unit, they added.

At the Interbank Foreign Exchange market, the domestic unit opened slightly down at 69.75 against the dollar, then it rose to quote at 69.80, up 6 paise over its previous close in early trade.

The rupee had appreciated 49 paise to 69.74 against the US dollar in the previous session.

Most exit polls forecast another term for Prime Minister Narendra Modi. The results of the seven-phase polls will come out Thursday.

The BSE Sensex was trading 205.24 points, or 0.52 per cent, higher at 39,557.91 in early trade. In similar movement, the broader NSE Nifty rose 48.90 points, or 0.41 per cent, to 11,877.15.

Foreign institutional investors (FIIs) emerged as net buyers in the capital markets, putting in Rs 1,734.45 crore on Monday, provisional exchange data showed.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.97.

Meanwhile, brent crude, the global benchmark, surged 0.31 per cent to trade at 72.19 per barrel. 
&nbsp;

Rising for the second straight session, the rupee Tuesday inched up 6 paise to 69.80 against the US dollar on fresh foreign funds inflows amid exit poll predictions of a clear majority for the NDA.

Rising for the second straight session, the rupee Tuesday inched up 6 paise to 69.80 against the US dollar on fresh foreign funds inflows amid exit poll predictions of a clear majority for the NDA. Besides, a positive start of the equity markets also supported the rupee, forex dealers said. However, a strong US dollar against major global currencies and rising crude prices capped gains of the domestic unit, they added. At the Interbank Foreign Exchange market, the domestic unit opened slightly down at 69.75 against the dollar, then it rose to quote at 69.80, up 6 paise over its previous close in early trade. The rupee had appreciated 49 paise to 69.74 against the US dollar in the previous session. Most exit polls forecast another term for Prime Minister Narendra Modi. The results of the seven-phase polls will come out Thursday. The BSE Sensex was trading 205.24 points, or 0.52 per cent, higher at 39,557.91 in early trade. In similar movement, the broader NSE Nifty rose 48.90 points, or 0.41 per cent, to 11,877.15. Foreign institutional investors (FIIs) emerged as net buyers in the capital markets, putting in Rs 1,734.45 crore on Monday, provisional exchange data showed. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.97. Meanwhile, brent crude, the global benchmark, surged 0.31 per cent to trade at 72.19 per barrel.

Rupee rises 6 paise against US dollar on foreign fund inflows

The rupee Tuesday rose marginally by 2 paise to close at 69.72 against the US dollar in a lacklustre trade as participants preferred to sit on the fence ahead of the results of general polls.

A strengthening US dollar in overseas markets, weak domestic equity markets, and surging crude prices weighed on the trading sentiment, forex dealers said.

At the interbank foreign exchange, the domestic unit opened slightly lower at 69.75 and fell further to touch the day's low of 69.81 in line with weak equity markets.

Backed by foreign fund inflows, the local currency made a recovery later to touch the day's high of 69.66 before settling at 69.72, registering a rise of 2 paise over its previous close.

The rupee had appreciated 49 paise to 69.74 against the US dollar in the previous session.

"Indian rupee consolidates in a small range of 69.76 to 69.66 in today's session as market participants are now looking forward to the actual election results after a surge in equity and bond prices. Month end dollar demand from importers is expected to come amid higher crude oil prices. This could put pressure on the domestic currency," said VK Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

A report by Goldman Sachs suggested that the USD/INR would trade near the 69-level in the next three months if the official election outcome bear out the exit poll trends. 
Bond prices also eased Tuesday with the yield of the benchmark 10-year government securities inching upward to 7.30.

The US currency was trading strong in overseas market as the dollar index was up by 0.13 per cent to 98.06 against its six global rivals.

The 30-share index ended 382.87 points, or 0.97 per cent, lower at 38,969.80. The gauge hit the day's low of 38,884.85. The broader NSE Nifty plunged 119.15 points, or 1.01 per cent, to 11,709.10.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,185.44 crore on Tuesday, provisional exchange data showed.

Brent crude, the global benchmark, was trading at 72.28 per barrel higher by 0.43 per cent. Oil prices surged after major producers assured that supplies were sufficient, but gains were capped due to China-US tensions.

Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.5466 and for rupee/euro at 77.5658. The reference rate for rupee/British pound was fixed at 88.5426 and for rupee/100 Japanese yen at 63.14.&nbsp;

The rupee Tuesday rose marginally by 2 paise to close at 69.72 against the US dollar in a lacklustre trade as participants preferred to sit on the fence ahead of the results of general polls.

The rupee Tuesday rose marginally by 2 paise to close at 69.72 against the US dollar in a lacklustre trade as participants preferred to sit on the fence ahead of the results of general polls. A strengthening US dollar in overseas markets, weak domestic equity markets, and surging crude prices weighed on the trading sentiment, forex dealers said. At the interbank foreign exchange, the domestic unit opened slightly lower at 69.75 and fell further to touch the day's low of 69.81 in line with weak equity markets. Backed by foreign fund inflows, the local currency made a recovery later to touch the day's high of 69.66 before settling at 69.72, registering a rise of 2 paise over its previous close. The rupee had appreciated 49 paise to 69.74 against the US dollar in the previous session. "Indian rupee consolidates in a small range of 69.76 to 69.66 in today's session as market participants are now looking forward to the actual election results after a surge in equity and bond prices. Month end dollar demand from importers is expected to come amid higher crude oil prices. This could put pressure on the domestic currency," said VK Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. A report by Goldman Sachs suggested that the USD/INR would trade near the 69-level in the next three months if the official election outcome bear out the exit poll trends. Bond prices also eased Tuesday with the yield of the benchmark 10-year government securities inching upward to 7.30. The US currency was trading strong in overseas market as the dollar index was up by 0.13 per cent to 98.06 against its six global rivals. The 30-share index ended 382.87 points, or 0.97 per cent, lower at 38,969.80. The gauge hit the day's low of 38,884.85. The broader NSE Nifty plunged 119.15 points, or 1.01 per cent, to 11,709.10. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,185.44 crore on Tuesday, provisional exchange data showed. Brent crude, the global benchmark, was trading at 72.28 per barrel higher by 0.43 per cent. Oil prices surged after major producers assured that supplies were sufficient, but gains were capped due to China-US tensions. Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.5466 and for rupee/euro at 77.5658. The reference rate for rupee/British pound was fixed at 88.5426 and for rupee/100 Japanese yen at 63.14.

Rupee edges up 2 paise against US dollar as investors turn cautious

The rupee Monday appreciated by 49 paise, the biggest single-day gain in two months, to close at 69.74 against the US dollar following sharp gains in equities and forex inflows after exit polls suggested another term for the ruling NDA government.&nbsp;

Forex traders said investors welcomed <a href="https://www.wionews.com/india-general-elections-2019/exit-polls-2019-pm-modi-returning-to-power-with-300-plus-seats-say-pollsters-219927">exit poll results that predicted a thumping majority for the current BJP-led government</a>.&nbsp;

At the interbank foreign exchange, the domestic unit opened at 70.36 and advanced to a high of 69.44 during the day.&nbsp;

The currency finally settled at a nearly two-week high of 69.74, registering a rise of 49 paise or 0.70 per cent against the dollar over its previous close. On Friday, the rupee had settled at 70.23 against the US dollar.

This is the biggest single-day for the rupee since March 18 when the currency had zoomed by 57 paise or 0.82 per cent.&nbsp;

According to WGC Wealth Chief Investment Officer Rajesh Cheruvu, India saw a remarkable strengthening in its currency after exit polls and some de-coupling of the INR from other emerging currencies could be seen over the next few trading sessions.

Sentiments were also buoyed by positive opening in domestic equities, and foreign fund inflows.

<a href="https://www.wionews.com/business-economy/after-witnessing-eventful-day-stock-market-close-at-record-high-sensex-surges-over-1400-points-220115">Benchmark Sensex zoomed over 1,422 points</a> and the NSE Nifty surged 421 points after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections.&nbsp;

The 30-share index ended 1,421.90 points or 3.75 per cent, higher at 39,352.67. During the day, the gauge hit a high of 39,412.56 and a low of 38,570.04.

In a similar movement, the broader NSE Nifty soared 421.10 points, or 3.69 per cent, to 11,828.25.

Foreign investors put in Rs 1,734.45 crore on a net basis in equity markets Monday, provisional exchange data showed.

"Most of the exit polls have projected thumping majority for the NDA government. The government has taken bold steps in the last five years. This ensures policy continuity and required stability. Hence it will attract long term investors. So if the exit polls match the actual outcome then the rupee may head towards 68 levels in coming sessions," said Rushabh Maru, Research Analyst - Currency and Commodity, Anand Rathi Shares and Stock Brokers.

However, rising crude oil prices weighed on the domestic currency. Meanwhile, Brent crude, the global benchmark, was trading at 72.51 per barrel higher by 0.42 per cent.&nbsp;

Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.1666 and for rupee/euro at 78.4336. The reference rate for rupee/British pound was fixed at 89.7276 and for rupee/100 Japanese yen at 64.03.&nbsp;

The rupee Monday appreciated by 49 paise, the biggest single-day gain in two months, to close at 69.74 against the US dollar following sharp gains in equities and forex inflows after exit polls suggested another term for the ruling NDA government.

The rupee Monday appreciated by 49 paise, the biggest single-day gain in two months, to close at 69.74 against the US dollar following sharp gains in equities and forex inflows after exit polls suggested another term for the ruling NDA government. Forex traders said investors welcomed exit poll results that predicted a thumping majority for the current BJP-led government. At the interbank foreign exchange, the domestic unit opened at 70.36 and advanced to a high of 69.44 during the day. The currency finally settled at a nearly two-week high of 69.74, registering a rise of 49 paise or 0.70 per cent against the dollar over its previous close. On Friday, the rupee had settled at 70.23 against the US dollar. This is the biggest single-day for the rupee since March 18 when the currency had zoomed by 57 paise or 0.82 per cent. According to WGC Wealth Chief Investment Officer Rajesh Cheruvu, India saw a remarkable strengthening in its currency after exit polls and some de-coupling of the INR from other emerging currencies could be seen over the next few trading sessions. Sentiments were also buoyed by positive opening in domestic equities, and foreign fund inflows. Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. The 30-share index ended 1,421.90 points or 3.75 per cent, higher at 39,352.67. During the day, the gauge hit a high of 39,412.56 and a low of 38,570.04. In a similar movement, the broader NSE Nifty soared 421.10 points, or 3.69 per cent, to 11,828.25. Foreign investors put in Rs 1,734.45 crore on a net basis in equity markets Monday, provisional exchange data showed. "Most of the exit polls have projected thumping majority for the NDA government. The government has taken bold steps in the last five years. This ensures policy continuity and required stability. Hence it will attract long term investors. So if the exit polls match the actual outcome then the rupee may head towards 68 levels in coming sessions," said Rushabh Maru, Research Analyst - Currency and Commodity, Anand Rathi Shares and Stock Brokers. However, rising crude oil prices weighed on the domestic currency. Meanwhile, Brent crude, the global benchmark, was trading at 72.51 per barrel higher by 0.42 per cent. Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.1666 and for rupee/euro at 78.4336. The reference rate for rupee/British pound was fixed at 89.7276 and for rupee/100 Japanese yen at 64.03.

Rupee records biggest gain in 2 months after exit poll results

The rupee declined by 29 paise to 70.32 against the US dollar in opening trade Friday as crude oil prices firmed up and US-China trade related concerns weighed on investor community.

Forex traders said, besides the US-China trade concerns, foreign fund outflows also kept pressure on the Indian rupee.

The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 29 paise over its last close.

The rupee had settled at 70.03 against the US dollar on Thursday.

However, a positive opening in domestic equities supported the local unit and restricted the fall.

Brent crude futures, the global oil benchmark, rose 0.30 per cent to US $72.84 per barrel.

Foreign institutional investors remained net sellers in the capital markets, pulling out Rs 953.23 crore Thursday, as per provisional data.

Domestic bourses opened on a positive note Friday with benchmark indices Sensex trading 192.61 points up at 37,586.09 and Nifty rising 51.25 points to 11,308.35.

Meanwhile, on the global front, China on Thursday warned of retaliation against US President Donald Trump's order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take "necessary measures" to safeguard rights and interest of its business firms.

The US and China are already locked in a trade battle that has seen mounting tariffs, sparking fears the conflict will damage the global economy.&nbsp;

The rupee declined by 29 paise to 70.32 against the US dollar in opening trade Friday as crude oil prices firmed up and US-China trade related concerns weighed on investor community.

The rupee declined by 29 paise to 70.32 against the US dollar in opening trade Friday as crude oil prices firmed up and US-China trade related concerns weighed on investor community. Forex traders said, besides the US-China trade concerns, foreign fund outflows also kept pressure on the Indian rupee. The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 29 paise over its last close. The rupee had settled at 70.03 against the US dollar on Thursday. However, a positive opening in domestic equities supported the local unit and restricted the fall. Brent crude futures, the global oil benchmark, rose 0.30 per cent to US $72.84 per barrel. Foreign institutional investors remained net sellers in the capital markets, pulling out Rs 953.23 crore Thursday, as per provisional data. Domestic bourses opened on a positive note Friday with benchmark indices Sensex trading 192.61 points up at 37,586.09 and Nifty rising 51.25 points to 11,308.35. Meanwhile, on the global front, China on Thursday warned of retaliation against US President Donald Trump's order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take "necessary measures" to safeguard rights and interest of its business firms. The US and China are already locked in a trade battle that has seen mounting tariffs, sparking fears the conflict will damage the global economy.

Rupee slips 29 paise to 70.32 vs US dollar in early trade

The domestic stock market on Friday ended in green with BSE Sensex rallying 537.29 points to finish at 37,930.77. NSE Nifty soared 150.05 points to close at 11,407.15.&nbsp;

In early trade, Sensex jumped over 200 points while Nifty reclaimed the 11,300 level today morning.&nbsp;

The rupee depreciated 16 paise to 70.20 against the US dollar in early trade today.&nbsp;

Meanwhile, global oil benchmark Brent crude was trading 0.26 per cent higher at $72.81 per barrel.

On Thursday, Sensex closed 278.60 points higher at 37,393.48 while Nifty went up by 100.10 points to settle at 11,257.10.

The domestic stock market on Friday ended in green with BSE Sensex rallying 537.29 points to finish at 37,930.77. NSE Nifty soared 150.05 points to close at 11,407.

The domestic stock market on Friday ended in green with BSE Sensex rallying 537.29 points to finish at 37,930.77. NSE Nifty soared 150.05 points to close at 11,407.15. In early trade, Sensex jumped over 200 points while Nifty reclaimed the 11,300 level today morning. The rupee depreciated 16 paise to 70.20 against the US dollar in early trade today. Meanwhile, global oil benchmark Brent crude was trading 0.26 per cent higher at $72.81 per barrel. On Thursday, Sensex closed 278.60 points higher at 37,393.48 while Nifty went up by 100.10 points to settle at 11,257.10.

Markets close in green; Sensex surges over 500 points, Nifty settles above 11,400 

The rupee Wednesday appreciated by 10 paise to close at 70.34 against the US dollar, marking the second straight session of gain driven by easing crude prices, while the Reserve Bank's plan to conduct open market operation also buoyed investor sentiment.

The rupee opened strong at 70.32 and later rose to the day's high of 70.17 at the interbank forex market. During the day the local unit touched an intra-day low of 70.39 against the US dollar.

The domestic currency finally settled at 70.34, higher by 10 paise from the previous close. The rupee Tuesday had recovered 7 paise to close at 70.44 to the US dollar.

Forex traders said the rupee strengthened after the RBI announced a plan to conduct the open market operation. On the other hand, heavy selling in domestic equities and foreign fund outflows restricted its gains.

"Bond yields fell for the third session after Reserve Bank of India announced plans to conduct more open-market operations," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of ... Government securities under Open Market Operations for an aggregate amount of Rs 12,500 crore on May 16, 2019, through multi-security auction using the multiple price method," the RBI said in a release.

Meanwhile, the Dollar Index which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.56.

"The dollar is trading higher supported by comments from senior Federal Reserve officials playing down the likelihood of interest rate cuts, and by a fresh bout of safe-haven buying on geopolitical tensions," Sharma said.

Foreign institutional investors net sold equities worth Rs 1,142.44 crore on Wednesday, provisional data available with stock exchanges showed.

Domestic benchmark indices ended lower after a volatile session Wednesday as investors took money off the table amid mixed global cues.

The 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88, while the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157.

On the global front, forex dealers said, investor sentiments improved after US President Donald Trump on Tuesday hoped that the world's top two economies would be able to reach an agreement.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.4208 and for rupee/euro at 79.1511. The reference rate for rupee/British pound was fixed at 91.2137 and for rupee/100 Japanese yen at 64.25.

The rupee Wednesday appreciated by 10 paise to close at 70.34 against the US dollar, marking the second straight session of gain driven by easing crude prices, while the Reserve Bank's plan to conduct open market operation also buoyed investor sentiment.

The rupee Wednesday appreciated by 10 paise to close at 70.34 against the US dollar, marking the second straight session of gain driven by easing crude prices, while the Reserve Bank's plan to conduct open market operation also buoyed investor sentiment. The rupee opened strong at 70.32 and later rose to the day's high of 70.17 at the interbank forex market. During the day the local unit touched an intra-day low of 70.39 against the US dollar. The domestic currency finally settled at 70.34, higher by 10 paise from the previous close. The rupee Tuesday had recovered 7 paise to close at 70.44 to the US dollar. Forex traders said the rupee strengthened after the RBI announced a plan to conduct the open market operation. On the other hand, heavy selling in domestic equities and foreign fund outflows restricted its gains. "Bond yields fell for the third session after Reserve Bank of India announced plans to conduct more open-market operations," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. "Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of ... Government securities under Open Market Operations for an aggregate amount of Rs 12,500 crore on May 16, 2019, through multi-security auction using the multiple price method," the RBI said in a release. Meanwhile, the Dollar Index which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.56. "The dollar is trading higher supported by comments from senior Federal Reserve officials playing down the likelihood of interest rate cuts, and by a fresh bout of safe-haven buying on geopolitical tensions," Sharma said. Foreign institutional investors net sold equities worth Rs 1,142.44 crore on Wednesday, provisional data available with stock exchanges showed. Domestic benchmark indices ended lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. The 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88, while the broader NSE Nifty shed 65.05 points, or 0.58 per cent, to settle at 11,157. On the global front, forex dealers said, investor sentiments improved after US President Donald Trump on Tuesday hoped that the world's top two economies would be able to reach an agreement. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.4208 and for rupee/euro at 79.1511. The reference rate for rupee/British pound was fixed at 91.2137 and for rupee/100 Japanese yen at 64.25.

Rupee rises for second straight day; settles up 10 paise at 70.34 vs US dollar

The rupee Tuesday recovered 7 paise to close at 70.44 to the US dollar on the back of gains in equity markets while US-China trade-related concerns and rising crude oil prices continued to weigh on investor sentiment.

Stock markets cut short their nine-day losing streak with the benchmark BSE Sensex closing 0.61 per cent higher and NSE Nifty regaining nearly 74 points on value buying in pharma and banking counters.

At the interbank foreign exchange market, the rupee opened strong at 70.43 against the US currency. During the day, the local unit moved in a range of 70.51 to 70.30.

The domestic currency finally ended at 70.44, up 7 paise against its previous close. The rupee had slid to a two-and-a-half-month-low of 70.51 Monday on heavy forex outflows.

"Strong recovery in the domestic equity markets and US Futures helped the rupee maintain strength throughout the session," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

Foreign fund outflows, rising crude prices and US-China trade-related concerns continued to weigh on the domestic currency, dealers said.

"Rupee has nearly depreciated by 1.4 per cent in the last one week on account of the escalating trade dispute between US and China and sustained outflow from the Indian capital market. There has been a net outflow of around $200 million dollars from the Indian capital market in the last one week," said Vaqarjaved Khan (Research Analyst, Angel Broking).

On the trade war front, US President Donald Trump remained adamant on his policy to impose a hefty import duty on Chinese products, which has resulted in a quick retaliation from China and a massive fall in the American stock markets fearing a US-China trade war.

"There can be some retaliation, but it can't be very, very substantial, by comparison," Trump told reporters at the Oval Office of the White House. 
China announced a hike in retaliatory tariffs on the import of $60 billion of American products.

Meanwhile, the Dollar Index which gauges the greenback's strength against a basket of six currencies gained 0.06 per cent to 97.38.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,011.85 crore on a net basis Tuesday, provisional exchange data showed.

Brent crude futures, the global oil benchmark, rose 1.28 per cent to trade at USD 71.13 per barrel amid simmering US-Iran tensions and supply-side disruptions.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.2576 and for rupee/euro at 78.9227. The reference rate for rupee/British pound was fixed at 91.4370 and for rupee/100 Japanese yen at 64.04.&nbsp;

The rupee Tuesday recovered 7 paise to close at 70.44 to the US dollar on the back of gains in equity markets while US-China trade-related concerns and rising crude oil prices continued to weigh on investor sentiment.

The rupee Tuesday recovered 7 paise to close at 70.44 to the US dollar on the back of gains in equity markets while US-China trade-related concerns and rising crude oil prices continued to weigh on investor sentiment. Stock markets cut short their nine-day losing streak with the benchmark BSE Sensex closing 0.61 per cent higher and NSE Nifty regaining nearly 74 points on value buying in pharma and banking counters. At the interbank foreign exchange market, the rupee opened strong at 70.43 against the US currency. During the day, the local unit moved in a range of 70.51 to 70.30. The domestic currency finally ended at 70.44, up 7 paise against its previous close. The rupee had slid to a two-and-a-half-month-low of 70.51 Monday on heavy forex outflows. "Strong recovery in the domestic equity markets and US Futures helped the rupee maintain strength throughout the session," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. Foreign fund outflows, rising crude prices and US-China trade-related concerns continued to weigh on the domestic currency, dealers said. "Rupee has nearly depreciated by 1.4 per cent in the last one week on account of the escalating trade dispute between US and China and sustained outflow from the Indian capital market. There has been a net outflow of around $200 million dollars from the Indian capital market in the last one week," said Vaqarjaved Khan (Research Analyst, Angel Broking). On the trade war front, US President Donald Trump remained adamant on his policy to impose a hefty import duty on Chinese products, which has resulted in a quick retaliation from China and a massive fall in the American stock markets fearing a US-China trade war. "There can be some retaliation, but it can't be very, very substantial, by comparison," Trump told reporters at the Oval Office of the White House. China announced a hike in retaliatory tariffs on the import of $60 billion of American products. Meanwhile, the Dollar Index which gauges the greenback's strength against a basket of six currencies gained 0.06 per cent to 97.38. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,011.85 crore on a net basis Tuesday, provisional exchange data showed. Brent crude futures, the global oil benchmark, rose 1.28 per cent to trade at USD 71.13 per barrel amid simmering US-Iran tensions and supply-side disruptions. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.2576 and for rupee/euro at 78.9227. The reference rate for rupee/British pound was fixed at 91.4370 and for rupee/100 Japanese yen at 64.04.

Rupee recovers 7 paise along with stocks, ends at 70.44 vs US dollar

The rupee Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency due to persistent foreign fund outflows and renewed worries over rising crude oil prices.

An unabated sell-off in domestic equity markets also weighed on the domestic currency, forex dealers said.&nbsp;

The rupee opened sharply lower at 70.16 and fell further to touch over two-month low of 70.53 at the interbank foreign exchange market as oil prices rose over 1 per cent in global markets.&nbsp;

The local unit finally settled at 70.51, down by 59 paise over its previous close. The rupee had on Friday closed at 69.92 against the US dollar.

"Indian rupee plunges along with other emerging market currencies amid concerns of a drawn-out trade war.

"Sovereign bonds edged higher due to a contraction in factory output and expectations of inflation staying below the target. This could force RBI to look for the Interest rate cut options in upcoming policy meet. Rise of more than 1.5 per cent in crude prices and heavy selling in domestic equity markets also weighed on rupee during today's trade," said VK Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.&nbsp;

Brent crude futures, the global oil benchmark, rose 1.57 per cent to $71.73 per barrel due to simmering tensions in the Middle East.&nbsp;

Saudi Arabia said Monday that its two oil tankers were among the commercial vessels that were damaged in "sabotage" attacks in the Gulf. The UAE on Sunday said that four commercial vessels were attacked near bunkering hub Fujairah.&nbsp;

Domestic investors kept weighing weak cues from global markets amid uncertainties around US-China trade tariff deal. Also, sustained foreign fund outflows kept investors edgy.

Foreign investors remained net sellers in the capital markets, offloading shares worth Rs 1,056.01 crore Monday, provisional exchange data showed.

Stock markets fell for a ninth session in a row due to a sustained sell-off with the BSE Sensex crashing over 372 points and the NSE Nifty diving nearly 130 points.&nbsp;

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 97.28.

"Many emerging currencies weakened in the day despite positive news flow of US-China trade talks and US jobs reports allaying global growth fears. This suggests market participants have already priced in these news snippets and look to book profits in riskier assets, which are likely more sensitive to any downside," said Rajesh Cheruvu, Chief Investment Officer, WGC Wealth.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.9212 and for rupee/euro at 78.4884. The reference rate for rupee/British pound was fixed at 90.9269 and for rupee/100 Japanese yen at 63.72.&nbsp;

The rupee Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency due to persistent foreign fund outflows and renewed worries over rising crude oil prices.

The rupee Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US currency due to persistent foreign fund outflows and renewed worries over rising crude oil prices. An unabated sell-off in domestic equity markets also weighed on the domestic currency, forex dealers said. The rupee opened sharply lower at 70.16 and fell further to touch over two-month low of 70.53 at the interbank foreign exchange market as oil prices rose over 1 per cent in global markets. The local unit finally settled at 70.51, down by 59 paise over its previous close. The rupee had on Friday closed at 69.92 against the US dollar. "Indian rupee plunges along with other emerging market currencies amid concerns of a drawn-out trade war. "Sovereign bonds edged higher due to a contraction in factory output and expectations of inflation staying below the target. This could force RBI to look for the Interest rate cut options in upcoming policy meet. Rise of more than 1.5 per cent in crude prices and heavy selling in domestic equity markets also weighed on rupee during today's trade," said VK Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. Brent crude futures, the global oil benchmark, rose 1.57 per cent to $71.73 per barrel due to simmering tensions in the Middle East. Saudi Arabia said Monday that its two oil tankers were among the commercial vessels that were damaged in "sabotage" attacks in the Gulf. The UAE on Sunday said that four commercial vessels were attacked near bunkering hub Fujairah. Domestic investors kept weighing weak cues from global markets amid uncertainties around US-China trade tariff deal. Also, sustained foreign fund outflows kept investors edgy. Foreign investors remained net sellers in the capital markets, offloading shares worth Rs 1,056.01 crore Monday, provisional exchange data showed. Stock markets fell for a ninth session in a row due to a sustained sell-off with the BSE Sensex crashing over 372 points and the NSE Nifty diving nearly 130 points. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 97.28. "Many emerging currencies weakened in the day despite positive news flow of US-China trade talks and US jobs reports allaying global growth fears. This suggests market participants have already priced in these news snippets and look to book profits in riskier assets, which are likely more sensitive to any downside," said Rajesh Cheruvu, Chief Investment Officer, WGC Wealth. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.9212 and for rupee/euro at 78.4884. The reference rate for rupee/British pound was fixed at 90.9269 and for rupee/100 Japanese yen at 63.72.

Rupee crashes to over 2-month low on foreign fund outflows

The rupee depreciated by 13 paise to 70.07 against the US dollar in early trade Friday as US-China trade-related concerns and foreign fund outflows weighed on investor sentiments.

Forex traders said, rising crude oil prices and strengthening of the US dollar against some major rival currencies overseas also pulled down the local unit.

The rupee opened weak at 70.04 at the interbank forex market and then fell further to 70.07 against the American currency, down 13 paise over its last close.

The rupee had settled at 69.94 against the US dollar Thursday.

Meanwhile, President Donald Trump on Thursday held out hopes of salvaging a trade deal with China.

"It's possible to do it," Trump said of the trade deal at the White House. "I did get last night a very beautiful letter from President Xi." But Trump warned he was also more than happy to use tariffs in resolving his differences with China.

On the domestic front, foreign institutional investors (FIIs) pulled out Rs 655.36 crore on a net basis Thursday, provisional data showed.

Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 18.16 points higher at 37,577.07 and Nifty down 4.70 points at 11,297.10.

Brent crude futures, the global oil benchmark, rose 0.31 per cent to $70.61 per barrel.

The rupee depreciated by 13 paise to 70.07 against the US dollar in early trade Friday as US-China trade-related concerns and foreign fund outflows weighed on investor sentiments.

The rupee depreciated by 13 paise to 70.07 against the US dollar in early trade Friday as US-China trade-related concerns and foreign fund outflows weighed on investor sentiments. Forex traders said, rising crude oil prices and strengthening of the US dollar against some major rival currencies overseas also pulled down the local unit. The rupee opened weak at 70.04 at the interbank forex market and then fell further to 70.07 against the American currency, down 13 paise over its last close. The rupee had settled at 69.94 against the US dollar Thursday. Meanwhile, President Donald Trump on Thursday held out hopes of salvaging a trade deal with China. "It's possible to do it," Trump said of the trade deal at the White House. "I did get last night a very beautiful letter from President Xi." But Trump warned he was also more than happy to use tariffs in resolving his differences with China. On the domestic front, foreign institutional investors (FIIs) pulled out Rs 655.36 crore on a net basis Thursday, provisional data showed. Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 18.16 points higher at 37,577.07 and Nifty down 4.70 points at 11,297.10. Brent crude futures, the global oil benchmark, rose 0.31 per cent to $70.61 per barrel.

Rupee slips 13 paise to 70.07 against US dollar

The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in the domestic equity market and foreign fund outflows.

Forex traders said, the US-China trade concerns also weighed on the domestic currency.

The rupee opened weak at 69.70 at the interbank forex market and then fell further to 69.89, down 18 paise over its last close.

The rupee had settled at 69.71 against the US dollar Wednesday.

China has threatened to take retaliatory measures if US President Donald Trump raises tariffs on $200 billion worth of goods ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies.

The talks are due to be held on May 9-10 in Washington between trade delegations headed by Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin.

On the domestic front, foreign institutional investors (FIIs) pulled out Rs 645.08 crore on a net basis Wednesday, provisional data showed.

Domestic bourses opened on a negative note Thursday with benchmark indices Sensex trading 191.71 points down at 37,606.72 and Nifty down 54.60 points at 11,304.85.

Forex dealers said easing crude oil prices however supported the local unit and restricted the downfall. 
Brent crude futures, the global oil benchmark, fell 0.78 per cent to $69.82 per barrel.

The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in the domestic equity market and foreign fund outflows.

The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in the domestic equity market and foreign fund outflows. Forex traders said, the US-China trade concerns also weighed on the domestic currency. The rupee opened weak at 69.70 at the interbank forex market and then fell further to 69.89, down 18 paise over its last close. The rupee had settled at 69.71 against the US dollar Wednesday. China has threatened to take retaliatory measures if US President Donald Trump raises tariffs on $200 billion worth of goods ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies. The talks are due to be held on May 9-10 in Washington between trade delegations headed by Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin. On the domestic front, foreign institutional investors (FIIs) pulled out Rs 645.08 crore on a net basis Wednesday, provisional data showed. Domestic bourses opened on a negative note Thursday with benchmark indices Sensex trading 191.71 points down at 37,606.72 and Nifty down 54.60 points at 11,304.85. Forex dealers said easing crude oil prices however supported the local unit and restricted the downfall. Brent crude futures, the global oil benchmark, fell 0.78 per cent to $69.82 per barrel.

Rupee depreciates 18 paise to 69.89 against dollar as US-China trade concern weighs in

The rupee appreciated by 4 paise to 69.36 against the US dollar in opening trade Tuesday, driven by weakening of the greenback and positive opening in domestic equities.

At the interbank foreign exchange market, the domestic unit opened at 69.40 against the dollar, then gained momentum and touched 69.36, up 4 paise over its previous close.

The rupee had settled at 69.40 against the US dollar Monday.

The local unit, however, pared some gains and was quoted at 69.38 against the American currency at 0933 hours.

Forex dealers said, selling of the American currency by exporters, easing crude prices and positive opening in domestic equities supported the rupee.

On the other hand, foreign fund outflows restricted the rupee upmove.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 948.98 crore Monday, as per the provisional data.

Brent crude futures, the global oil benchmark, fell 0.20 per cent to US $71.10 per barrel.

Meanwhile, domestic bourses opened on a bullish note Tuesday with benchmark indices Sensex trading 159.39 points up at 38,759.73 and Nifty up 40.60 points at 11,638.85.&nbsp;

The rupee appreciated by 4 paise to 69.36 against the US dollar in opening trade Tuesday, driven by weakening of the greenback and positive opening in domestic equities.

The rupee appreciated by 4 paise to 69.36 against the US dollar in opening trade Tuesday, driven by weakening of the greenback and positive opening in domestic equities. At the interbank foreign exchange market, the domestic unit opened at 69.40 against the dollar, then gained momentum and touched 69.36, up 4 paise over its previous close. The rupee had settled at 69.40 against the US dollar Monday. The local unit, however, pared some gains and was quoted at 69.38 against the American currency at 0933 hours. Forex dealers said, selling of the American currency by exporters, easing crude prices and positive opening in domestic equities supported the rupee. On the other hand, foreign fund outflows restricted the rupee upmove. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 948.98 crore Monday, as per the provisional data. Brent crude futures, the global oil benchmark, fell 0.20 per cent to US $71.10 per barrel. Meanwhile, domestic bourses opened on a bullish note Tuesday with benchmark indices Sensex trading 159.39 points up at 38,759.73 and Nifty up 40.60 points at 11,638.85.

Rupee rises 4 paise to 69.36 vs US dollar in early trade

The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.

Forex traders said, the US President Donald Trump on Sunday threatened to raise tariffs on $200 billion worth of Chinese goods and this, in turn, impacted investor sentiment in the currency market.

The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last close. The local currency however pared the initial loss and was trading at 69.41 at 0926 hrs.

The rupee had strengthened by 15 paise to close at 69.22 against the US dollar Friday.

Besides, strength in dollar against major rival currencies, foreign fund outflows and heavy selling in domestic equities also kept the pressure on the Indian rupee, dealers said.

Meanwhile, foreign institutional investors (FIIs) pulled out Rs 400.68 crore on a net basis Friday, provisional data showed.

Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 362.11 points down at 38,601.15 and Nifty down 112.75 points at 11,599.50.

However, easing crude prices helped in restricting the slide in the Indian unit to some extent, they added.

Brent crude futures, the global oil benchmark, fell 2.22 per cent to $69.28 per barrel.

The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.

The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities. Forex traders said, the US President Donald Trump on Sunday threatened to raise tariffs on $200 billion worth of Chinese goods and this, in turn, impacted investor sentiment in the currency market. The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last close. The local currency however pared the initial loss and was trading at 69.41 at 0926 hrs. The rupee had strengthened by 15 paise to close at 69.22 against the US dollar Friday. Besides, strength in dollar against major rival currencies, foreign fund outflows and heavy selling in domestic equities also kept the pressure on the Indian rupee, dealers said. Meanwhile, foreign institutional investors (FIIs) pulled out Rs 400.68 crore on a net basis Friday, provisional data showed. Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 362.11 points down at 38,601.15 and Nifty down 112.75 points at 11,599.50. However, easing crude prices helped in restricting the slide in the Indian unit to some extent, they added. Brent crude futures, the global oil benchmark, fell 2.22 per cent to $69.28 per barrel.

Rupee slips 24 paise to 69.46 against US dollar

The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday 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 positive opening in domestic equities supported the rupee. 
At the interbank foreign exchange, the rupee opened on a weak note at 69.60, but gathered momentum and rose to a high of 69.47 against the US dollar, showing 9 paise gain over its previous closing.

The local unit, however, pared some gains and was quoted at 69.54 against the American currency at 0951 hrs.

The rupee had settled at 69.56 against the US dollar on Tuesday.

The currency market was shut on Wednesday on account of Maharashtra Day.

Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 114.59 crore Tuesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.29 per cent to trade at $71.97 per barrel.

Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 43.96 points up at 39,075.51 and Nifty down 7.15 points at 11,741.00.

Meanwhile, the US Federal Reserve officials held key interest rates steady amid lack of inflationary pressures.

The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday driven by the weakening of the greenback in overseas markets and sustained foreign fund inflows.

The rupee appreciated by 9 paise to 69.47 against the US dollar in early trade Thursday 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 positive opening in domestic equities supported the rupee. At the interbank foreign exchange, the rupee opened on a weak note at 69.60, but gathered momentum and rose to a high of 69.47 against the US dollar, showing 9 paise gain over its previous closing. The local unit, however, pared some gains and was quoted at 69.54 against the American currency at 0951 hrs. The rupee had settled at 69.56 against the US dollar on Tuesday. The currency market was shut on Wednesday on account of Maharashtra Day. Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 114.59 crore Tuesday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 0.29 per cent to trade at $71.97 per barrel. Domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 43.96 points up at 39,075.51 and Nifty down 7.15 points at 11,741.00. Meanwhile, the US Federal Reserve officials held key interest rates steady amid lack of inflationary pressures.

Rupee rises 9 paise to 69.47 against US dollar in early trade

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas.

The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dollar, displaying gains of 32 paise against the greenback over its previous close.

The local unit, however, pared some gains and was quoted at 69.79 against the American currency at 0943 hrs, displaying gains of 23 paise over its last close.

The rupee had rebounded by 23 paise to close at 70.02 against the US dollar Friday.

The currency market was shut on Monday due to general elections in Mumbai.

Forex dealers said, selling of the American currency by exporters supported the rupee. Besides the decline in Brent crude oil prices from a six-month high of USD 75.60/barrel also supported investor sentiment in the forex market.

Brent crude, the global benchmark, was trading at 71.93 per barrel lower by 0.15 per cent.

Meanwhile, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 70.73 crore Friday, as per provisional data.

The benchmark BSE Sensex opened on a cautious note and was trading at 38,927.35, down 139.98 points or 0.36 per cent; while the NSE Nifty was trading 11,701.05, down 53.60 points or 0.46 per cent.

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas.

The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas. The rupee opened strong at 69.83 at the interbank forex market, then gained further ground to touch 69.70 per dollar, displaying gains of 32 paise against the greenback over its previous close. The local unit, however, pared some gains and was quoted at 69.79 against the American currency at 0943 hrs, displaying gains of 23 paise over its last close. The rupee had rebounded by 23 paise to close at 70.02 against the US dollar Friday. The currency market was shut on Monday due to general elections in Mumbai. Forex dealers said, selling of the American currency by exporters supported the rupee. Besides the decline in Brent crude oil prices from a six-month high of USD 75.60/barrel also supported investor sentiment in the forex market. Brent crude, the global benchmark, was trading at 71.93 per barrel lower by 0.15 per cent. Meanwhile, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 70.73 crore Friday, as per provisional data. The benchmark BSE Sensex opened on a cautious note and was trading at 38,927.35, down 139.98 points or 0.36 per cent; while the NSE Nifty was trading 11,701.05, down 53.60 points or 0.46 per cent.

Rupee rises 32 paise to 69.70 vs US dollar in early trade amid easing crude prices

The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback.

Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee.

On Thursday, the rupee had settled at 70.25 against the US dollar.

Foreign funds infused Rs 3,785.73 crore in capital market on a net basis, while domestic institutional investors sold shares worth Rs 4,069.98 crore Thursday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 per cent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 per cent.

Meanwhile, brent crude, the global benchmark, was trading at 74.14 per barrel lower by 0.28 per cent.&nbsp;

The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee appreciated 16 paise to 70.09 against the US dollar in opening trade Friday, driven by positive opening in domestic equities and weakening greenback in overseas markets. The rupee opened strong at 70.12 at the interbank forex market, then gained further ground to touch 70.09 per dollar, displaying gains of 16 paise against the greenback. Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee. On Thursday, the rupee had settled at 70.25 against the US dollar. Foreign funds infused Rs 3,785.73 crore in capital market on a net basis, while domestic institutional investors sold shares worth Rs 4,069.98 crore Thursday, provisional data showed. The benchmark BSE Sensex was trading with gains of 150.56 points, or 0.39 per cent, at 38,864.41; while the NSE Nifty was trading at 11,692.05, up 50.25 points, or 0.43 per cent. Meanwhile, brent crude, the global benchmark, was trading at 74.14 per barrel lower by 0.28 per cent.

Rupee rises 16 paise to 70.09 vs US dollar in early trade

The rupee Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows.

A strengthening US dollar against major global currencies also affected rupee's trading pattern, forex dealers said.

However, lower crude prices and a higher opening of the domestic equity markets restricted fall of the domestic currency to some extent, they added.

At the Interbank Foreign Exchange (forex) market, the rupee opened sharply lower at 69.80 against the US dollar, and further fell to quote at 69.85, a decline of 23 paise over its previous close.&nbsp;

On Tuesday, the rupee had appreciated by 5 paise to settle at 69.62 against the US dollar.

Foreign institutional investors (FIIs) emerged as net sellers in capital markets, pulling out Rs 237.47 crore on Tuesday, provisional exchange data showed.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 97.66.

The BSE Sensex was trading 75.37 points or 0.20 per cent higher at 38,640.25 in early trade. The NSE Nifty too rose 21.15 points or 0.18 per cent to 11,597.10.

Meanwhile, global benchmark Brent crude declined by 0.54 per cent to $74.11 per barrel.&nbsp;

The rupee Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows.

The rupee Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows. A strengthening US dollar against major global currencies also affected rupee's trading pattern, forex dealers said. However, lower crude prices and a higher opening of the domestic equity markets restricted fall of the domestic currency to some extent, they added. At the Interbank Foreign Exchange (forex) market, the rupee opened sharply lower at 69.80 against the US dollar, and further fell to quote at 69.85, a decline of 23 paise over its previous close. On Tuesday, the rupee had appreciated by 5 paise to settle at 69.62 against the US dollar. Foreign institutional investors (FIIs) emerged as net sellers in capital markets, pulling out Rs 237.47 crore on Tuesday, provisional exchange data showed. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 97.66. The BSE Sensex was trading 75.37 points or 0.20 per cent higher at 38,640.25 in early trade. The NSE Nifty too rose 21.15 points or 0.18 per cent to 11,597.10. Meanwhile, global benchmark Brent crude declined by 0.54 per cent to $74.11 per barrel.

Rupee slips 23 paise to 69.85 against US dollar on fund outflows

The rupee Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week.

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day's low of 69.46. It finally settled at 69.42 per dollar, down 25 paise over its previous close.

The rupee Friday had closed 25 paise lower at 69.17 to the US dollar.

"Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities. 
 
Forex and equity markets will remain shut on Wednesday on account of "Mahavir Jayanti" while most of the major financial markets are closed on Friday for the start of the Easter holidays.

Forex traders said easing crude oil prices in the overseas market, sustained foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 713 crore Monday, according to the provisional data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 96.83.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.84 per cent to trade at 70.95 per barrel.

Equity benchmark Sensex added another 139 points on Monday, marking third straight session of gains, as encouraging start of the earnings season by IT major TCS boosted investors' sentiment.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.2293 and for rupee/euro at 78.3002. The reference rate for rupee/British pound was fixed at 90.6193 and for rupee/100 Japanese yen at 61.84.&nbsp;

The rupee Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.

The rupee Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day's low of 69.46. It finally settled at 69.42 per dollar, down 25 paise over its previous close. The rupee Friday had closed 25 paise lower at 69.17 to the US dollar. "Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. Forex and equity markets will remain shut on Wednesday on account of "Mahavir Jayanti" while most of the major financial markets are closed on Friday for the start of the Easter holidays. Forex traders said easing crude oil prices in the overseas market, sustained foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 713 crore Monday, according to the provisional data. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 96.83. Meanwhile, Brent crude futures, the global oil benchmark, fell 0.84 per cent to trade at 70.95 per barrel. Equity benchmark Sensex added another 139 points on Monday, marking third straight session of gains, as encouraging start of the earnings season by IT major TCS boosted investors' sentiment. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.2293 and for rupee/euro at 78.3002. The reference rate for rupee/British pound was fixed at 90.6193 and for rupee/100 Japanese yen at 61.84.

Rupee drops 25 paise to close at 69.42 against dollar

The rupee depreciated by 32 paise to 69.24 against the US dollar in early trade Friday owing to increased demand for the greenback from importers and banks.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.04 then fell further to 69.24 against the US dollar, showing a decline of 32 paise over its previous closing.

The local unit, however, pared some losses and was quoted at 69.18 against the American currency at 0941 hrs.

The Indian rupee on Thursday climbed 19 paise to close at 68.92 against the US dollar.

Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas and rising crude oil prices in overseas market added pressure to the domestic unit.

However, foreign fund inflows and higher opening in the domestic equity market restricted the fall in the local unit.

Foreign institutional investors (FIIs) put in Rs 476.51 crore on a net basis Thursday, provisional data showed.

Brent crude futures, the global oil benchmark, rose 0.27 per cent to USD 71.02 per barrel.

Meanwhile, domestic bourses opened on a bullish note Friday. The BSE gauge Sensex was trading at 38,718.67, higher by 109.52 points while the NSE Nifty was trading at 11,624.70 up by 28.00 points in early trade.&nbsp;

The rupee depreciated by 32 paise to 69.24 against the US dollar in early trade Friday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.

The rupee depreciated by 32 paise to 69.24 against the US dollar in early trade Friday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.04 then fell further to 69.24 against the US dollar, showing a decline of 32 paise over its previous closing. The local unit, however, pared some losses and was quoted at 69.18 against the American currency at 0941 hrs. The Indian rupee on Thursday climbed 19 paise to close at 68.92 against the US dollar. Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas and rising crude oil prices in overseas market added pressure to the domestic unit. However, foreign fund inflows and higher opening in the domestic equity market restricted the fall in the local unit. Foreign institutional investors (FIIs) put in Rs 476.51 crore on a net basis Thursday, provisional data showed. Brent crude futures, the global oil benchmark, rose 0.27 per cent to USD 71.02 per barrel. Meanwhile, domestic bourses opened on a bullish note Friday. The BSE gauge Sensex was trading at 38,718.67, higher by 109.52 points while the NSE Nifty was trading at 11,624.70 up by 28.00 points in early trade.

Rupee slips 32 paise to 69.24 vs USD in early trade

The rupee fell 9 paise to 69.20 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks.

Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency.

However, sustained foreign fund inflows supported the rupee and restricted the fall.

The rupee opened weak at 69.15 at the interbank forex market, then fell further to 69.20 down 9 paise against its last close. The local currency, however, pared the initial loss and was trading at 69.15 at 0940 hrs.

The rupee Wednesday had strengthened by 19 paise to 69.11 against the US dollar.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,429.92 crore Wednesday, as per provisional data.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.49 per cent to trade at $71.38 per barrel.

Indian bourses opened on a cautious note Thursday, with benchmark indices Sensex trading 20.31 points up at 38,605.66 and Nifty was quoted at 11,595.95 points, up 11.65 points.

The rupee fell 9 paise to 69.20 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks. Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency.

The rupee fell 9 paise to 69.20 against the US dollar in opening trade Thursday on increased demand for the greenback from importers and banks. Forex dealers said, strengthening of the American currency in the overseas market weighed on the domestic currency. However, sustained foreign fund inflows supported the rupee and restricted the fall. The rupee opened weak at 69.15 at the interbank forex market, then fell further to 69.20 down 9 paise against its last close. The local currency, however, pared the initial loss and was trading at 69.15 at 0940 hrs. The rupee Wednesday had strengthened by 19 paise to 69.11 against the US dollar. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,429.92 crore Wednesday, as per provisional data. Meanwhile, Brent crude futures, the global oil benchmark, fell 0.49 per cent to trade at $71.38 per barrel. Indian bourses opened on a cautious note Thursday, with benchmark indices Sensex trading 20.31 points up at 38,605.66 and Nifty was quoted at 11,595.95 points, up 11.65 points.

Rupee slips 9 paise to 69.20 against US dollar in early trade

The rupee depreciated by 37 paise to 69.60 against the US dollar in early trade Monday owing to increased demand for the greenback from importers and banks.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.40 then fell further to 69.60 against the US dollar, showing a decline of 37 paise over its previous closing.

The local unit, however, pared some losses and was quoted at 69.50 against the American currency at 0933 hrs.

The rupee skidded 6 paise to finish at 69.23 per US dollar Friday.

Forex traders said strong US job data and rising crude oil prices in the overseas market added pressure to the domestic unit.

However, foreign fund inflows and higher opening in the domestic equity market restricted the fall in the local unit.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 797.90 crore Friday, as per the provisional data.

Brent crude futures, the global oil benchmark, rose 0.51 per cent to $70.70 per barrel.

Meanwhile, domestic bourses opened on a bullish note Monday.

The BSE gauge Sensex was trading above crucial 39,000-level and the NSE Nifty was heading towards 11,700-mark in early trade on Monday, led by gains in metal, IT and capital goods stocks tracking robust Asian cues.

The rupee depreciated by 37 paise to 69.60 against the US dollar in early trade Monday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.

The rupee depreciated by 37 paise to 69.60 against the US dollar in early trade Monday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.40 then fell further to 69.60 against the US dollar, showing a decline of 37 paise over its previous closing. The local unit, however, pared some losses and was quoted at 69.50 against the American currency at 0933 hrs. The rupee skidded 6 paise to finish at 69.23 per US dollar Friday. Forex traders said strong US job data and rising crude oil prices in the overseas market added pressure to the domestic unit. However, foreign fund inflows and higher opening in the domestic equity market restricted the fall in the local unit. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 797.90 crore Friday, as per the provisional data. Brent crude futures, the global oil benchmark, rose 0.51 per cent to $70.70 per barrel. Meanwhile, domestic bourses opened on a bullish note Monday. The BSE gauge Sensex was trading above crucial 39,000-level and the NSE Nifty was heading towards 11,700-mark in early trade on Monday, led by gains in metal, IT and capital goods stocks tracking robust Asian cues.

Rupee slips 37 paise to 69.60 vs US dollar in early trade

The rupee appreciated by 9 paise to 68.65 against the US dollar in opening trade Wednesday, driven by the weakening of the greenback in overseas markets and sustained foreign inflows.

The rupee opened at 68.72 at the interbank forex market, then gained further ground and touched a high of 68.56. The local unit, however, pared some gains and was quoted at 68.65 against the American currency at 0926 hrs, displaying gains of 9 paise over its last close.

On Tuesday, the rupee had settled at 68.74 against the US dollar.

Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and positive opening in domestic equities supported the rupee.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 543.36 crore on a net basis Tuesday, as per provisional data.

Brent crude futures, the global oil benchmark, rose 0.49 per cent to $69.71 per barrel.

Meanwhile, the BSE benchmark Sensex was quoted above 39,200-level and the NSE Nifty went past the key 11,700-mark in early deals Wednesday.

The rupee appreciated by 9 paise to 68.65 against the US dollar in opening trade Wednesday, driven by the weakening of the greenback in overseas markets and sustained foreign inflows.

The rupee appreciated by 9 paise to 68.65 against the US dollar in opening trade Wednesday, driven by the weakening of the greenback in overseas markets and sustained foreign inflows. The rupee opened at 68.72 at the interbank forex market, then gained further ground and touched a high of 68.56. The local unit, however, pared some gains and was quoted at 68.65 against the American currency at 0926 hrs, displaying gains of 9 paise over its last close. On Tuesday, the rupee had settled at 68.74 against the US dollar. Forex dealers said, selling of the American currency by exporters, fresh foreign fund inflows and positive opening in domestic equities supported the rupee. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 543.36 crore on a net basis Tuesday, as per provisional data. Brent crude futures, the global oil benchmark, rose 0.49 per cent to $69.71 per barrel. Meanwhile, the BSE benchmark Sensex was quoted above 39,200-level and the NSE Nifty went past the key 11,700-mark in early deals Wednesday.

Rupee rises 9 paise to 68.65 against US dollar in early trade

The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks. 
At the interbank foreign exchange market, the rupee opened lower at 69.32 and weakened further to 69.37 to the US dollar. However, it recovered partially to quote at 69.36 against the dollar at 0912 hours.

The Indian unit had appreciated by 16 paise on Friday to close at 69.14.&nbsp;

The forex market was closed on Monday.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 898.79 crore Monday, as per provisional data.

Brent crude futures, the global oil benchmark, rose 0.23 per cent to trade at $67.17 per barrel.

Meanwhile, the BSE benchmark Sensex was quoted above 39,000-level and the NSE Nifty went past the key 11,700-mark in early deals on Tuesday.

The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks.

The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks. At the interbank foreign exchange market, the rupee opened lower at 69.32 and weakened further to 69.37 to the US dollar. However, it recovered partially to quote at 69.36 against the dollar at 0912 hours. The Indian unit had appreciated by 16 paise on Friday to close at 69.14. The forex market was closed on Monday. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 898.79 crore Monday, as per provisional data. Brent crude futures, the global oil benchmark, rose 0.23 per cent to trade at $67.17 per barrel. Meanwhile, the BSE benchmark Sensex was quoted above 39,000-level and the NSE Nifty went past the key 11,700-mark in early deals on Tuesday.

Rupee slips 22 paise against US dollar in early trade

The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening in the domestic equity market.

At the Interbank Foreign Exchange (forex), the domestic unit opened strong at 69.20 then gained further momentum and was trading at 69.15, higher by 15 paise over its previous close.

On Thursday, the rupee slumped 42 paise to end at 69.30 against the US dollar.

Forex traders said, the weakening of the US dollar against some currencies overseas supported the local unit, however rising crude oil prices capped the gains.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally up by 0.01 per cent at 97.21.

Brent crude futures, the global oil benchmark, was trading 0.55 per cent up at $68.19 per barrel.

Foreign portfolio investors (FPIs) bought equities worth a net Rs 3,594.51 crore Thursday, provisional data showed.

Meanwhile, the benchmark BSE Sensex was trading with gains of 72.81 points, or 0.19 per cent, at 38,618.53 in early trade Friday.&nbsp; 
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The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening in the domestic equity market.

The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening in the domestic equity market. At the Interbank Foreign Exchange (forex), the domestic unit opened strong at 69.20 then gained further momentum and was trading at 69.15, higher by 15 paise over its previous close. On Thursday, the rupee slumped 42 paise to end at 69.30 against the US dollar. Forex traders said, the weakening of the US dollar against some currencies overseas supported the local unit, however rising crude oil prices capped the gains. The dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally up by 0.01 per cent at 97.21. Brent crude futures, the global oil benchmark, was trading 0.55 per cent up at $68.19 per barrel. Foreign portfolio investors (FPIs) bought equities worth a net Rs 3,594.51 crore Thursday, provisional data showed. Meanwhile, the benchmark BSE Sensex was trading with gains of 72.81 points, or 0.19 per cent, at 38,618.53 in early trade Friday.

Rupee rises 15 paise to 69.15 against US dollar in early trade

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