The benchmark BSE Sensex fell over 100 points Tuesday after a five-session winning spree as investors cashed profits in IT, metal, banking, consumer durables, power and auto shares amid sustained foreign fund outflows.

Cues from other Asian markets were weak too.

The BSE 30-share barometer dropped 134.05 points, or 0.37 per cent, to 36,444.91 in early trade as index major Reliance Industries, Tata Steel, Tata Motors, ICICI Bank and Maruti Suzuki declined.&nbsp;

The gauge had rallied over 725 points in the previous five sessions.

The NSE Nifty index too slipped by 45.90 points, or 0.42 per cent, to 10,915.95.

Brokers said investors turned cautious and preferred to log profits in recent gainers, dragging down key indices.

Besides, a weak trend at most of the other Asian markets on concerns about the global economic outlook, after the International Monetary fund (IMF) slashed its world economic forecast Monday, weighed on the sentiments here, they added.

The IMF lowered its global growth projections for 2019 and 2020 to 3.5 per cent and 3.6 per cent respectively, citing a slowdown in several advanced economies around the world more rapidly than previously anticipated.

The laggards were Tata Steel, IndusInd Bank, Vedanta, M&amp;M, Yes Bank, Bajaj Auto, Coal India, Maruti Suzuki, RIL, Axis Bank, Infosys, HCL Tech, HDFC, HDFC Bank, PowerGrid, Asian Paint, HUL and SBI, falling up to 1.70 per cent.

Meanwhile, foreign portfolio investors (FPIs) continued their selling activity on domestic bourses here. They sold shares worth a net Rs 29.79 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 520.80 crore Monday, provisional data showed.

Elsewhere in Asia, Shanghai Composite Index fell 0.73 per cent, Korea's Kospi was down 0.65 per cent and Taiwan's index shed 0.21 per cent. Hong Kong's Hang Seng fell 0.88 per cent and Japan's Nikkei fell 0.06 per cent.&nbsp;

The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks.&nbsp;

The benchmark BSE Sensex fell over 100 points Tuesday after a five-session winning spree as investors cashed profits in IT, metal, banking, consumer durables, power and auto shares amid sustained foreign fund outflows.

The benchmark BSE Sensex fell over 100 points Tuesday after a five-session winning spree as investors cashed profits in IT, metal, banking, consumer durables, power and auto shares amid sustained foreign fund outflows. Cues from other Asian markets were weak too. The BSE 30-share barometer dropped 134.05 points, or 0.37 per cent, to 36,444.91 in early trade as index major Reliance Industries, Tata Steel, Tata Motors, ICICI Bank and Maruti Suzuki declined. The gauge had rallied over 725 points in the previous five sessions. The NSE Nifty index too slipped by 45.90 points, or 0.42 per cent, to 10,915.95. Brokers said investors turned cautious and preferred to log profits in recent gainers, dragging down key indices. Besides, a weak trend at most of the other Asian markets on concerns about the global economic outlook, after the International Monetary fund (IMF) slashed its world economic forecast Monday, weighed on the sentiments here, they added. The IMF lowered its global growth projections for 2019 and 2020 to 3.5 per cent and 3.6 per cent respectively, citing a slowdown in several advanced economies around the world more rapidly than previously anticipated. The laggards were Tata Steel, IndusInd Bank, Vedanta, M&M, Yes Bank, Bajaj Auto, Coal India, Maruti Suzuki, RIL, Axis Bank, Infosys, HCL Tech, HDFC, HDFC Bank, PowerGrid, Asian Paint, HUL and SBI, falling up to 1.70 per cent. Meanwhile, foreign portfolio investors (FPIs) continued their selling activity on domestic bourses here. They sold shares worth a net Rs 29.79 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 520.80 crore Monday, provisional data showed. Elsewhere in Asia, Shanghai Composite Index fell 0.73 per cent, Korea's Kospi was down 0.65 per cent and Taiwan's index shed 0.21 per cent. Hong Kong's Hang Seng fell 0.88 per cent and Japan's Nikkei fell 0.06 per cent. The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks.

Sensex drops over 100 points on profit-booking, weak global cues

The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks.

Besides, the dollar's weakness against some other currencies amid lingering worries about a global slowdown supported the rupee, forex dealers said.

However, a weak trend in domestic equities in early trade limited the rupee's gain.

On Monday, the rupee had ended lower by 9 paise at 71.28 against the US currency amid the&nbsp;rise in demand for the greenback.

Meanwhile, benchmark BSE Sensex fell 71.47 points, or 0.18 per cent, to 36,507.49 and the NSE Nifty was down by 30.95 points, or 0.29 per cent, at 10,930.90 in opening trade Tuesday.&nbsp;

The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks.

The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks. Besides, the dollar's weakness against some other currencies amid lingering worries about a global slowdown supported the rupee, forex dealers said. However, a weak trend in domestic equities in early trade limited the rupee's gain. On Monday, the rupee had ended lower by 9 paise at 71.28 against the US currency amid the rise in demand for the greenback. Meanwhile, benchmark BSE Sensex fell 71.47 points, or 0.18 per cent, to 36,507.49 and the NSE Nifty was down by 30.95 points, or 0.29 per cent, at 10,930.90 in opening trade Tuesday.

Rupee rises 5 paise against dollar to 71.23

Nepal's central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.

Nepal Rastra Bank on Sunday issued a circular prohibiting Nepali travellers, banks and financial institutions from holding or carrying and trading Indian bank notes higher than Rs 100, the Kathmandu Post reported.

The central bank said in its circular letter that Indian currency of 200, 500 and 2,000 denominations cannot be carried and used for trading, it said.

Under the new regulation, Nepali citizens cannot carry these denominations to countries other than India. Similarly, Nepalis are also not allowed to bring such notes from other countries. Indian notes of 100 or below, however, are allowed for trading and conversion, the bank's circular reads.

On December 13, the Cabinet had decided to publish the notification in the Nepal Gazette not to allow people to carry Indian currency notes above 100 denominations in Nepal.

The ban has been criticised by travel traders and entrepreneurs, saying that it would hurt the country's burgeoning tourism at a time when the government has announced 'Visit Nepal' campaign with an objective to draw at least 2 million tourists in 2020.

Since a majority of Indians come to Nepal over land from border towns, it is difficult for them to convert their currency to dollar or Euro, they said.

The overland Indian visitors' survey showed that 1.2 million Indians came to Nepal through the surface route while 160,132 travelled via air. The average length of stay of Indian tourists coming overland was 5.8 days. Average expenditure per visitor was as much as Rs 11,310, the paper said.&nbsp;

The Indian government introduced new banknotes of Rs 2,000, Rs 500 and Rs 200 denominations after the demonetisation of old notes worth Rs 500 and 1,000 in 2016.

However, the move hit countries such as Nepal and Bhutan where Indian currency is widely used.

Nepal Premier K P Sharma Oli said earlier this year that demonetisation hurt the Nepalese people and added that he would raise the matter with Indian leaders.

People have been using the new Indian currency in Nepal for nearly two years now.&nbsp;

Nepal's central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.

Nepal's central bank has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used. Nepal Rastra Bank on Sunday issued a circular prohibiting Nepali travellers, banks and financial institutions from holding or carrying and trading Indian bank notes higher than Rs 100, the Kathmandu Post reported. The central bank said in its circular letter that Indian currency of 200, 500 and 2,000 denominations cannot be carried and used for trading, it said. Under the new regulation, Nepali citizens cannot carry these denominations to countries other than India. Similarly, Nepalis are also not allowed to bring such notes from other countries. Indian notes of 100 or below, however, are allowed for trading and conversion, the bank's circular reads. On December 13, the Cabinet had decided to publish the notification in the Nepal Gazette not to allow people to carry Indian currency notes above 100 denominations in Nepal. The ban has been criticised by travel traders and entrepreneurs, saying that it would hurt the country's burgeoning tourism at a time when the government has announced 'Visit Nepal' campaign with an objective to draw at least 2 million tourists in 2020. Since a majority of Indians come to Nepal over land from border towns, it is difficult for them to convert their currency to dollar or Euro, they said. The overland Indian visitors' survey showed that 1.2 million Indians came to Nepal through the surface route while 160,132 travelled via air. The average length of stay of Indian tourists coming overland was 5.8 days. Average expenditure per visitor was as much as Rs 11,310, the paper said. The Indian government introduced new banknotes of Rs 2,000, Rs 500 and Rs 200 denominations after the demonetisation of old notes worth Rs 500 and 1,000 in 2016. However, the move hit countries such as Nepal and Bhutan where Indian currency is widely used. Nepal Premier K P Sharma Oli said earlier this year that demonetisation hurt the Nepalese people and added that he would raise the matter with Indian leaders. People have been using the new Indian currency in Nepal for nearly two years now.

Nepal's Central bank announces ban on Indian rupee notes above Rs 100

The rupee weakened by 26 paise to 71.45 against the US dollar in early trade Monday on increased demand for the American currency from importers amid rising crude prices and foreign fund outflows.

At the interbank forex exchange, the rupee opened lower at 71.38 and weakened further to quote 26 paise down at Rs 71.45 against the dollar.

Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.

However, a positive opening of the domestic equity market capped the rupee's losses, they said.

Brent crude, the international oil benchmark, was trading 0.46 per cent higher at US $62.99 per dollar, its two-month high.

On Friday, the rupee had shed 16 paise to end at 71.19 against the dollar.

Meanwhile, the benchmark BSE Sensex rose 32.76 points, to 32,419.37 in opening session Monday.&nbsp;

The rupee weakened by 26 paise to 71.45 against the US dollar in early trade Monday on increased demand for the American currency from importers amid rising crude prices and foreign fund outflows.

The rupee weakened by 26 paise to 71.45 against the US dollar in early trade Monday on increased demand for the American currency from importers amid rising crude prices and foreign fund outflows. At the interbank forex exchange, the rupee opened lower at 71.38 and weakened further to quote 26 paise down at Rs 71.45 against the dollar. Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment. However, a positive opening of the domestic equity market capped the rupee's losses, they said. Brent crude, the international oil benchmark, was trading 0.46 per cent higher at US $62.99 per dollar, its two-month high. On Friday, the rupee had shed 16 paise to end at 71.19 against the dollar. Meanwhile, the benchmark BSE Sensex rose 32.76 points, to 32,419.37 in opening session Monday.

Rupee depreciates 26 paise against US dollar in early trade

The rupee on Friday weakened by 16 paise to close at 71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated increase in global crude oil prices.

This is the second successive week of loss for the Indian currency. During the week the domestic unit registered a loss of 27 paise. In the previous week, the local unit had slumped by 81 paise.

Forex traders said foreign fund outflows, gain in domestic equity market and stronger dollar against its key rival currencies impacted the rupee trading pattern.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 71.12 and fell further to touch the day's low of 71.24.

The domestic currency, however, pared some losses and finally ended at 71.19 per dollar, down by 16 paise against its previous close.

On Thursday, the rupee had settled 21 paise higher at 71.03 against the US dollar.

"Along with rupee, the benchmark government bonds also dropped, as fiscal worries have continued to weigh on markets with Finance Minister Arun Jaitley hinting of a possible 'people friendly' budget ahead of general election," said V K Sharma, Head PCG &amp; Capital Markets Strategy, HDFC Securities.

Domestic equity market closed marginally higher Friday. The <a href="http://www.wionews.com/business-economy/sensex-nifty-end-marginally-higher-ril-shines-post-q3-show-191246">BSE Sensex</a> settled 12.53 points or 0.03 per cent, higher at 36,386.61. The broader NSE Nifty inched up 1.75 points, or 0.02 per cent, to 10,906.95.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 96.02.

"ICE dollar index steadied during the day but was set for its first weekly rise in five weeks as doubts grew on the ability of other major global central banks such as the European Central Bank to start raising interest rates this year," Sharma said.

Brent crude, the global benchmark, was trading at $61.90 per barrel, higher by 1.18 per cent.

On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs 842.13 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 727.46 crore, provisional data available with BSE showed.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1418 and for rupee/euro at 81.0656. The reference rate for rupee/British pound was fixed at 92.2946 and for rupee/100 Japanese yen at 65.04.&nbsp;

The rupee on Friday weakened by 16 paise to close at 71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated increase in global crude oil prices.

The rupee on Friday weakened by 16 paise to close at 71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated increase in global crude oil prices. This is the second successive week of loss for the Indian currency. During the week the domestic unit registered a loss of 27 paise. In the previous week, the local unit had slumped by 81 paise. Forex traders said foreign fund outflows, gain in domestic equity market and stronger dollar against its key rival currencies impacted the rupee trading pattern. At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 71.12 and fell further to touch the day's low of 71.24. The domestic currency, however, pared some losses and finally ended at 71.19 per dollar, down by 16 paise against its previous close. On Thursday, the rupee had settled 21 paise higher at 71.03 against the US dollar. "Along with rupee, the benchmark government bonds also dropped, as fiscal worries have continued to weigh on markets with Finance Minister Arun Jaitley hinting of a possible 'people friendly' budget ahead of general election," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities. Domestic equity market closed marginally higher Friday. The BSE Sensex settled 12.53 points or 0.03 per cent, higher at 36,386.61. The broader NSE Nifty inched up 1.75 points, or 0.02 per cent, to 10,906.95. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 96.02. "ICE dollar index steadied during the day but was set for its first weekly rise in five weeks as doubts grew on the ability of other major global central banks such as the European Central Bank to start raising interest rates this year," Sharma said. Brent crude, the global benchmark, was trading at $61.90 per barrel, higher by 1.18 per cent. On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs 842.13 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 727.46 crore, provisional data available with BSE showed. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1418 and for rupee/euro at 81.0656. The reference rate for rupee/British pound was fixed at 92.2946 and for rupee/100 Japanese yen at 65.04.

Rupee settles 16 paise down at 71.19 vs US dollar; registers second weekly loss

The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback.

The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar.

Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee.

Sustained foreign fund outflows, however, restricted the rupee upmove, they added.

Foreign funds pulled out Rs 90.10 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 304.27 crore Wednesday, provisional data showed.

The benchmark <a href="http://www.wionews.com/business-economy/sensex-rises-over-100-points-on-sustained-dii-buying-190865">BSE Sensex</a> was trading with gains of 79.29 points, or 0.22 per cent at 36,400.58 while the NSE Nifty was trading at 10,913.95, up 23.65 points, or 0.22 per cent.

Meanwhile, brent crude, the global benchmark, was trading lower at 61.04 per barrel lower by 0.46 per cent.

The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets.

The rupee appreciated by 9 paise to 71.15 against the US dollar in opening trade Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets. The rupee gained further ground and touched a high of 71.13 amid easing crude prices, displaying gains of 11 paise over its previous close against the greenback. The rupee Wednesday plunged by 19 paise to close at 71.24 against the US dollar. Forex dealers said, easing crude oil prices and selling of the American currency by exporters supported the rupee. Sustained foreign fund outflows, however, restricted the rupee upmove, they added. Foreign funds pulled out Rs 90.10 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 304.27 crore Wednesday, provisional data showed. The benchmark BSE Sensex was trading with gains of 79.29 points, or 0.22 per cent at 36,400.58 while the NSE Nifty was trading at 10,913.95, up 23.65 points, or 0.22 per cent. Meanwhile, brent crude, the global benchmark, was trading lower at 61.04 per barrel lower by 0.46 per cent.

Rupee opens 9 paise higher at 71.15 against US dollar

The rupee opened on a weaker note but soon pared the losses and appreciated by 13 paise to 70.92 against the US dollar in opening trade Wednesday, driven by gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened on a weak note at 71.10 at the interbank forex market then lost further ground and touched a low of 71.12.

The domestic unit however pared the losses and touched a high of 70.92, registering gains of 13 paise over its previous close.

Forex dealers said, selling of the American currency by exporters supported the rupee.

The rupee Tuesday plunged by 13 paise to close at 71.05 against the US dollar.

Forex traders said, fresh foreign fund-flows and easing crude oil prices supported the rupee up move.

Foreign funds purchased shares worth Rs 159.60 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 417.44 crore Tuesday, provisional data showed.

The benchmark BSE Sensex was trading with gains of84.36 points, or 0.26 per cent to quote at 36,413.32 while the NSE Nifty was trading at 10,914.40, up 27.60 points, or 0.25 per cent.

Meanwhile, Brent crude, the global benchmark, was trading lower at 60.43 per barrel lower by 0.35 per cent.&nbsp;

The rupee opened on a weaker note but soon pared the losses and appreciated by 13 paise to 70.92 against the US dollar in opening trade Wednesday, driven by gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened on a weaker note but soon pared the losses and appreciated by 13 paise to 70.92 against the US dollar in opening trade Wednesday, driven by gains in domestic equities and weakening of the greenback in overseas markets. The rupee opened on a weak note at 71.10 at the interbank forex market then lost further ground and touched a low of 71.12. The domestic unit however pared the losses and touched a high of 70.92, registering gains of 13 paise over its previous close. Forex dealers said, selling of the American currency by exporters supported the rupee. The rupee Tuesday plunged by 13 paise to close at 71.05 against the US dollar. Forex traders said, fresh foreign fund-flows and easing crude oil prices supported the rupee up move. Foreign funds purchased shares worth Rs 159.60 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 417.44 crore Tuesday, provisional data showed. The benchmark BSE Sensex was trading with gains of84.36 points, or 0.26 per cent to quote at 36,413.32 while the NSE Nifty was trading at 10,914.40, up 27.60 points, or 0.25 per cent. Meanwhile, Brent crude, the global benchmark, was trading lower at 60.43 per barrel lower by 0.35 per cent.

After weak opening, rupee rises 13 paise to 70.92 vs US$ in early trade

The rupee depreciated by 10 paise and fell below the 71 per dollar mark in opening trade Tuesday amid strengthening greenback, sustained foreign fund outflows and surging crude oil prices.

At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.79 then fell further to 71.02 against the American currency, down by 10 paise over its previous closing price.

In highly volatile trade, the local currency also touched a high of 70.75 per US dollar, showing a rise of 17 paise over its last close.

The rupee Monday plunged 43 paise to close at nearly one-month low of 70.92 against the US dollar.

Foreign funds pulled out Rs 732.46 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 527.49 crore Monday, provisional data showed.

The benchmark BSE Sensex was trading with gains of 296.15 points, or 0.83 per cent to quote at 35,149.71 while the NSE Nifty was trading at 10,785.25, up 47.65 points, or 0.46 per cent.

Meanwhile, brent crude, the global benchmark, was trading lower at 59.68 per barrel higher by 1.17 per cent.

Forex traders said the strength of the US dollar against other currencies weighed on the domestic unit. On the other hand, heavy buying in domestic equities supported the rupee.

The rupee depreciated by 10 paise and fell below the 71 per dollar mark in opening trade Tuesday amid strengthening greenback, sustained foreign fund outflows and surging crude oil prices.

The rupee depreciated by 10 paise and fell below the 71 per dollar mark in opening trade Tuesday amid strengthening greenback, sustained foreign fund outflows and surging crude oil prices. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.79 then fell further to 71.02 against the American currency, down by 10 paise over its previous closing price. In highly volatile trade, the local currency also touched a high of 70.75 per US dollar, showing a rise of 17 paise over its last close. The rupee Monday plunged 43 paise to close at nearly one-month low of 70.92 against the US dollar. Foreign funds pulled out Rs 732.46 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 527.49 crore Monday, provisional data showed. The benchmark BSE Sensex was trading with gains of 296.15 points, or 0.83 per cent to quote at 35,149.71 while the NSE Nifty was trading at 10,785.25, up 47.65 points, or 0.46 per cent. Meanwhile, brent crude, the global benchmark, was trading lower at 59.68 per barrel higher by 1.17 per cent. Forex traders said the strength of the US dollar against other currencies weighed on the domestic unit. On the other hand, heavy buying in domestic equities supported the rupee.

Rupee depreciates 10 paise against US$; falls below 71-mark

The rupee Monday depreciated 10 paise to 70.59 per US dollar in early trade amid strengthening of the American currency and weak opening in domestic equities.

At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.50 then fell further to 70.59 against the American currency, down 10 paise over its previous closing price.

In a highly volatile trade, the local currency also touched a high of 70.44 per US dollar at 0926 hrs, showing a rise of 3 paise over its last close.

The rupee on Friday had depreciated by 8 paise to close at 70.49 against the US dollar.

Forex traders said the strength of the US dollar against other overseas currencies weighed on the domestic currency. On the other hand easing crude prices supported the domestic unit.

Brent crude, the global benchmark, was trading lower at 59.90 per barrel, lower by 0.96 per cent.

Meanwhile, foreign funds sold shares worth Rs 687.20 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 123.17 crore on Friday, provisional data showed.

The benchmark BSE Sensex was trading down 173.38 points, or 0.48 per cent to quote at 35,836.46 while the NSE Nifty was trading at 10,733.75, down 61.20 points, or 0.57 per cent.

The rupee Monday depreciated 10 paise to 70.59 per US dollar in early trade amid strengthening of the American currency and weak opening in domestic equities. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.

The rupee Monday depreciated 10 paise to 70.59 per US dollar in early trade amid strengthening of the American currency and weak opening in domestic equities. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.50 then fell further to 70.59 against the American currency, down 10 paise over its previous closing price. In a highly volatile trade, the local currency also touched a high of 70.44 per US dollar at 0926 hrs, showing a rise of 3 paise over its last close. The rupee on Friday had depreciated by 8 paise to close at 70.49 against the US dollar. Forex traders said the strength of the US dollar against other overseas currencies weighed on the domestic currency. On the other hand easing crude prices supported the domestic unit. Brent crude, the global benchmark, was trading lower at 59.90 per barrel, lower by 0.96 per cent. Meanwhile, foreign funds sold shares worth Rs 687.20 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 123.17 crore on Friday, provisional data showed. The benchmark BSE Sensex was trading down 173.38 points, or 0.48 per cent to quote at 35,836.46 while the NSE Nifty was trading at 10,733.75, down 61.20 points, or 0.57 per cent.

Rupee falls 10 paise to 70.59 per US dollar in early trade

The rupee appreciated by 7 paise to 70.34 against the US dollar in opening trade Friday, driven by gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened strong at 70.38 at the interbank forex market against previous close of 70.41 per dollar then gained further ground and touched a high of 70.34 amid positive opening in domestic equities, displaying gains of 7 paise against the greenback.

On Wednesday, the rupee had risen by 5 paise to close at 70.41 against the US dollar.

Forex dealers said, selling of the American currency by exporters and easing crude prices supported the rupee in early trade.

Meanwhile, brent crude, the global benchmark, was trading lower at 61.57 per barrel lower by 0.18 per cent.

Traders said, sustained foreign fund outflows however restricted the rupee up move.

Foreign funds pulled out Rs 344.58 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 10.98 crore Thursday, provisional data showed.

Meanwhile, the benchmark BSE Sensex was trading with gains of 76.24 points, or 0.20 per cent to quote at 36,179.14 while the NSE Nifty was trading at 10, 836.90, up 15.30 points, or 0.14 per cent.&nbsp;

The rupee appreciated by 7 paise to 70.34 against the US dollar in opening trade Friday, driven by gains in domestic equities and weakening of the greenback in overseas markets.

The rupee appreciated by 7 paise to 70.34 against the US dollar in opening trade Friday, driven by gains in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 70.38 at the interbank forex market against previous close of 70.41 per dollar then gained further ground and touched a high of 70.34 amid positive opening in domestic equities, displaying gains of 7 paise against the greenback. On Wednesday, the rupee had risen by 5 paise to close at 70.41 against the US dollar. Forex dealers said, selling of the American currency by exporters and easing crude prices supported the rupee in early trade. Meanwhile, brent crude, the global benchmark, was trading lower at 61.57 per barrel lower by 0.18 per cent. Traders said, sustained foreign fund outflows however restricted the rupee up move. Foreign funds pulled out Rs 344.58 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 10.98 crore Thursday, provisional data showed. Meanwhile, the benchmark BSE Sensex was trading with gains of 76.24 points, or 0.20 per cent to quote at 36,179.14 while the NSE Nifty was trading at 10, 836.90, up 15.30 points, or 0.14 per cent.

Rupee rises 7 paise to 70.34 against US$ in early trade

The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes.

Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.

The minutes of US Fed's latest policy meeting showed the policymakers may slow the pace of rate hikes to prevent a slowdown in the economy. 
At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.49, but soon appreciated to 70.32 against the greenback, up 14 paise over its previous closing price.

The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar.

Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent.

Meanwhile, foreign funds bought shares worth Rs 276.14 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 439.67 crore on Wednesday, provisional data showed.

The benchmark BSE Sensex was trading down 27.62 points, or 0.08 per cent at 36,185.29, while the NSE Nifty was trading at 10, 839.65, down 15.50 points, or 0.14 per cent.&nbsp;

The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes.

The rupee Thursday appreciated 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes. Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher. The minutes of US Fed's latest policy meeting showed the policymakers may slow the pace of rate hikes to prevent a slowdown in the economy. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.49, but soon appreciated to 70.32 against the greenback, up 14 paise over its previous closing price. The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar. Brent crude, the global benchmark, was trading lower at 60.89 per barrel, lower by 0.90 per cent. Meanwhile, foreign funds bought shares worth Rs 276.14 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 439.67 crore on Wednesday, provisional data showed. The benchmark BSE Sensex was trading down 27.62 points, or 0.08 per cent at 36,185.29, while the NSE Nifty was trading at 10, 839.65, down 15.50 points, or 0.14 per cent.

Rupee rises 14 paise against US dollar in early trade

The rupee weakened by 36 paise to 70.04 against the US dollar in opening trade Tuesday on rising crude prices and some demand for the American currency from importers.

The rupee opened weak at 69.83 at the interbank forex market against its previous close of 69.68 per dollar.

It moved in range of 70.06 per dollar to 69.83 per dollar in early trade and was trading at 70.04, showing a fall of 36 paise against the greenback.

Brent crude futures, the international oil benchmark was trading 0.23 per cent higher at USD 57.46 per barrel.

The rupee weakened even after the Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19.

The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the CSO had said Monday.&nbsp;&nbsp; &nbsp;&nbsp;

Forex dealers said early losses in domestic stock markets weighed on the rupee, but a weak dollar in overseas markets capped the fall.

The dollar was trading lower against major peers and 10-year treasury yields were steady.

On Monday, the rupee had gained 4 paise to end at 69.68 against the US dollar following dovish stance by the Federal Reserve and rising hopes of a thaw in ongoing US-China trade tiff.

Meanwhile, the benchmark BSE Sensex slipped by 58.53 points, or 0.16 per cent, to 35,791.63 in opening trade Tuesday.

The rupee weakened by 36 paise to 70.04 against the US dollar in opening trade Tuesday on rising crude prices and some demand for the American currency from importers.

The rupee weakened by 36 paise to 70.04 against the US dollar in opening trade Tuesday on rising crude prices and some demand for the American currency from importers. The rupee opened weak at 69.83 at the interbank forex market against its previous close of 69.68 per dollar. It moved in range of 70.06 per dollar to 69.83 per dollar in early trade and was trading at 70.04, showing a fall of 36 paise against the greenback. Brent crude futures, the international oil benchmark was trading 0.23 per cent higher at USD 57.46 per barrel. The rupee weakened even after the Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19. The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the CSO had said Monday. Forex dealers said early losses in domestic stock markets weighed on the rupee, but a weak dollar in overseas markets capped the fall. The dollar was trading lower against major peers and 10-year treasury yields were steady. On Monday, the rupee had gained 4 paise to end at 69.68 against the US dollar following dovish stance by the Federal Reserve and rising hopes of a thaw in ongoing US-China trade tiff. Meanwhile, the benchmark BSE Sensex slipped by 58.53 points, or 0.16 per cent, to 35,791.63 in opening trade Tuesday.

Rupee softens against US dollar in opening trade

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.45.&nbsp;

Meanwhile, the national currency appreciated by 33 paise to 69.39 against the US dollar in opening trade Monday, driven by strong gains in domestic equities and weakening of the greenback in overseas markets.

The rupee opened strong at 69.38 at the interbank forex market against the previous close of 69.72 per dollar amid sustained foreign fund inflows and positive opening in domestic equities, news agency PTI reported.

<a href="http://www.wionews.com/business-economy/sensex-jumps-181-points-psu-banks-rally-188269">On Friday, the rupee had ended higher</a> by 48 paise at 69.72 against the US dollar.&nbsp;

The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee.

(With inputs from PTI)&nbsp; 
&nbsp;

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.

Domestic stock markets on Monday opened in green with BSE Sensex gaining over 300 points to touch 36,033.20. Nifty, on the other hand, rose marginally by more than 90 points to 10,822.45. Meanwhile, the national currency appreciated by 33 paise to 69.39 against the US dollar in opening trade Monday, driven by strong gains in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 69.38 at the interbank forex market against the previous close of 69.72 per dollar amid sustained foreign fund inflows and positive opening in domestic equities, news agency PTI reported. On Friday, the rupee had ended higher by 48 paise at 69.72 against the US dollar. The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. (With inputs from PTI)

Markets open in green, Sensex surges over 300 points 

Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to a media report on Sunday.

The Nepal Rastra Bank (NRB), the country's central monetary authority, has written a letter on Friday to the Reserve Bank of India (RBI), asking it to make Indian bank bills Rs 200, Rs 500 and Rs 2,000 legal tender in Nepal, The Himalayan Times reported.

The NRB has asked India's central bank to issue a notification under the Foreign Exchange Management Act (FEMA), which will make Indian banknotes of denomination more than Rs 100 legal tender in Nepal and to provide the exchange facilities to get bills of such denominations, it said.

The RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal and provides exchange facilities for bills of this denomination.

Before the demonetisation of Rs 500 and Rs 1,000 bank notes in November 2016, the RBI had issued a FEMA notification allowing Nepali citizens to carry Rs 25,000 worth of such bank notes.

After the demonetisation of Rs 500 and Rs 1,000 Indian currency notes, circulation of new banknotes of denominations Rs 200, Rs 500 and Rs 2,000 was started by the Indian government.

The RBI did not issue the notification for the newly circulated bank notes, making their use illegal in Nepal.

"As the RBI was not allowing the circulation of the higher denomination Indian notes, we had to ban their use in Nepal to protect our citizens," Chief of Foreign Exchange Management Department at the NRB.

"However, after we received complaints from people in various sectors, especially those who have to visit India frequently, we asked the Indian central bank to make such bank notes legal tender in Nepal."

The circulation of such notes in Nepal, according to Dhungana, will solely depend upon the RBI and Indian government's will.

Also the NRB, in the same letter, has asked the Indian central bank to provide exchange facility to Nepalis holding the banned Indian currency in the country.

The central bank has said the country's banking system, including banks, financial institutions and NRB, hold Indian currency denominations of Rs 500 and Rs 1,000 worth Rs 48 million.

But the actual stock of banned Indian bank notes is expected to be much more because Nepalis were previously allowed to carry Rs 500 and Rs 1,000 Indian bank notes worth up to Rs 25,000.

Also, those residing in areas bordering India usually stash Indian notes of larger denominations as they have to go to Indian markets frequently to buy goods.

To make exchange facility available to Nepalis holding banned Indian currency, NRB has already prepared software to keep a database of names of people who sought exchange facility, the serial number of bills of 00 and Rs 1,000 submitted by the people, and their identification numbers, among others. But the Indian government is yet to take a decision, it said.

Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to a media report on Sunday.

Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to a media report on Sunday. The Nepal Rastra Bank (NRB), the country's central monetary authority, has written a letter on Friday to the Reserve Bank of India (RBI), asking it to make Indian bank bills Rs 200, Rs 500 and Rs 2,000 legal tender in Nepal, The Himalayan Times reported. The NRB has asked India's central bank to issue a notification under the Foreign Exchange Management Act (FEMA), which will make Indian banknotes of denomination more than Rs 100 legal tender in Nepal and to provide the exchange facilities to get bills of such denominations, it said. The RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal and provides exchange facilities for bills of this denomination. Before the demonetisation of Rs 500 and Rs 1,000 bank notes in November 2016, the RBI had issued a FEMA notification allowing Nepali citizens to carry Rs 25,000 worth of such bank notes. After the demonetisation of Rs 500 and Rs 1,000 Indian currency notes, circulation of new banknotes of denominations Rs 200, Rs 500 and Rs 2,000 was started by the Indian government. The RBI did not issue the notification for the newly circulated bank notes, making their use illegal in Nepal. "As the RBI was not allowing the circulation of the higher denomination Indian notes, we had to ban their use in Nepal to protect our citizens," Chief of Foreign Exchange Management Department at the NRB. "However, after we received complaints from people in various sectors, especially those who have to visit India frequently, we asked the Indian central bank to make such bank notes legal tender in Nepal." The circulation of such notes in Nepal, according to Dhungana, will solely depend upon the RBI and Indian government's will. Also the NRB, in the same letter, has asked the Indian central bank to provide exchange facility to Nepalis holding the banned Indian currency in the country. The central bank has said the country's banking system, including banks, financial institutions and NRB, hold Indian currency denominations of Rs 500 and Rs 1,000 worth Rs 48 million. But the actual stock of banned Indian bank notes is expected to be much more because Nepalis were previously allowed to carry Rs 500 and Rs 1,000 Indian bank notes worth up to Rs 25,000. Also, those residing in areas bordering India usually stash Indian notes of larger denominations as they have to go to Indian markets frequently to buy goods. To make exchange facility available to Nepalis holding banned Indian currency, NRB has already prepared software to keep a database of names of people who sought exchange facility, the serial number of bills of 00 and Rs 1,000 submitted by the people, and their identification numbers, among others. But the Indian government is yet to take a decision, it said.

Make Rs 200, 500, 2,000 notes legal in our country: Nepal writes to RBI

The rupee appreciated 34 paise to 69.86 against the US dollar in opening trade Friday amid weakening American currency and a positive opening of the domestic equity market.

Forex traders said the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.

At the Interbank Foreign Exchange (forex) market, the rupee opened higher at 69.95 and rose further to touch a high of 69.86 a dollar, showing a rise of 34 paise over its previous close.

On Thursday, the rupee weakened for the second straight session and fell 2 paise to 70.20 against the dollar.

Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove.

Foreign funds pulled out Rs 972.81 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 34.52 crore Thursday, provisional data showed.

The global benchmark Brent crude was trading higher by 0.13 per cent at 56.02 per barrel.

Meanwhile, the BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 marks, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors. 
&nbsp;

Forex traders said, the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee.

The rupee appreciated 34 paise to 69.86 against the US dollar in opening trade Friday amid weakening American currency and a positive opening of the domestic equity market. Forex traders said the American currency lost some ground against major currencies overseas, while on the domestic front, the equity market staged a recovery and propped up the rupee. At the Interbank Foreign Exchange (forex) market, the rupee opened higher at 69.95 and rose further to touch a high of 69.86 a dollar, showing a rise of 34 paise over its previous close. On Thursday, the rupee weakened for the second straight session and fell 2 paise to 70.20 against the dollar. Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove. Foreign funds pulled out Rs 972.81 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 34.52 crore Thursday, provisional data showed. The global benchmark Brent crude was trading higher by 0.13 per cent at 56.02 per barrel. Meanwhile, the BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 marks, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors.

Rupee recovers 34 paise to 69.86 against US dollar in morning trade

The Indian rupee Friday rebounded by 48 paise to settle at 69.72 against the US dollar in line with smart gains in domestic equities and uptrend in other emerging market currencies.

Also, sustained selling of the American currency by exporters and banks propped up the rupee after two successive sessions of fall, traders said.&nbsp;

Higher crude prices and sustained foreign fund outflows, however, capped the rupee gains to some extent, they said.

Brent crude, the global benchmark, was trading at US $57.15 per barrel, higher by 2.14 per cent.

Foreign funds pulled out Rs 157.72 crore from the capital markets on a net basis Friday, while domestic institutional investors bought equities to the tune of Rs 240.60 crore, provisional data showed.

At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 69.95. It gained further to hit a high of 69.66 following dollar selling by exporters, before finally closing at 69.72, up 48 paise.

On Thursday, the rupee had weakened for the second straight session and slipped by 2 paise to 70.20 against the US dollar.

"The Indian rupee appreciated around 0.5 per cent to trade below 70 per US dollar. The appreciation is in line with most of the other emerging market currencies, reflecting opinions that Fed rate hikes may be nearing an end, and also the decelerating growth prospects of the US," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.8653 and for rupee/euro at 79.5659. The reference rate for rupee/British pound was fixed at 88.2599 and for rupee/100 Japanese yen at 64.60.&nbsp;

The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee.

The Indian rupee Friday rebounded by 48 paise to settle at 69.72 against the US dollar in line with smart gains in domestic equities and uptrend in other emerging market currencies.

The Indian rupee Friday rebounded by 48 paise to settle at 69.72 against the US dollar in line with smart gains in domestic equities and uptrend in other emerging market currencies. Also, sustained selling of the American currency by exporters and banks propped up the rupee after two successive sessions of fall, traders said. Higher crude prices and sustained foreign fund outflows, however, capped the rupee gains to some extent, they said. Brent crude, the global benchmark, was trading at US $57.15 per barrel, higher by 2.14 per cent. Foreign funds pulled out Rs 157.72 crore from the capital markets on a net basis Friday, while domestic institutional investors bought equities to the tune of Rs 240.60 crore, provisional data showed. At the Interbank Foreign Exchange (forex), the rupee opened on a firm note at 69.95. It gained further to hit a high of 69.66 following dollar selling by exporters, before finally closing at 69.72, up 48 paise. On Thursday, the rupee had weakened for the second straight session and slipped by 2 paise to 70.20 against the US dollar. "The Indian rupee appreciated around 0.5 per cent to trade below 70 per US dollar. The appreciation is in line with most of the other emerging market currencies, reflecting opinions that Fed rate hikes may be nearing an end, and also the decelerating growth prospects of the US," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.8653 and for rupee/euro at 79.5659. The reference rate for rupee/British pound was fixed at 88.2599 and for rupee/100 Japanese yen at 64.60. The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee.

Rupee recovers 48 paise to 69.72 against US dollar

Mumbai, Jan 3 (PTI) The rupee Thursday slumped 22 paise to 70.40 against the US dollar amid strengthening greenback and sustained foreign fund outflows.

Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.30 and fell further to touch a low of 70.40 a dollar, down 22 paise over its previous closing.

On Wednesday, the rupee had depreciated 75 paise to 70.18 against the American currency.

Brent crude, the global benchmark, was trading lower at 54.44 per barrel, lower by 0.86 per cent.

Meanwhile, foreign funds pulled out Rs 621.06 crore from the capital markets on a net basis, while domestic institutional investors sold shares worth Rs 226.18 crore Wednesday, provisional data showed.

The 30-share BSE index was trading lower by 84.30 points, or 0.23 per cent, at 35,807.22. Similarly, the broader NSE Nifty was trading down 34 points, or 0.32 per cent, at 10,758.50.

Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses.

Mumbai, Jan 3 (PTI) The rupee Thursday slumped 22 paise to 70.40 against the US dollar amid strengthening greenback and sustained foreign fund outflows. Forex traders said the dollar strengthening against major global currencies overseas and fall in domestic equities dragged down the local unit, while falling crude oil prices capped rupee's losses. At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.30 and fell further to touch a low of 70.40 a dollar, down 22 paise over its previous closing. On Wednesday, the rupee had depreciated 75 paise to 70.18 against the American currency. Brent crude, the global benchmark, was trading lower at 54.44 per barrel, lower by 0.86 per cent. Meanwhile, foreign funds pulled out Rs 621.06 crore from the capital markets on a net basis, while domestic institutional investors sold shares worth Rs 226.18 crore Wednesday, provisional data showed. The 30-share BSE index was trading lower by 84.30 points, or 0.23 per cent, at 35,807.22. Similarly, the broader NSE Nifty was trading down 34 points, or 0.32 per cent, at 10,758.50.

Rupee falls 22 paise to 70.40 against US dollar in early trade

The rupee deprecated by 23 paise and fell to 69.70 per dollar mark in early trade Wednesday amid strengthening of the American currency and lower opening in domestic equities.

Forex traders said sustained foreign fund outflows also weighed on the local unit. However, lower crude oil prices capped the losses.

At the Interbank Foreign Exchange, the rupee opened weak at 69.60 then fell further to 69.70 against the American currency, down 27 paise over it's previous closing price.

On Tuesday, the rupee had appreciated 34 paise to 69.43 against the American currency.

Meanwhile, foreign funds pulled out Rs 48.19 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 142.58 crore Tuesday, provisional data showed.

Brent crude, the global benchmark, was trading lower at 53.59 per barrel, lower by 0.58 per cent.

The BSE benchmark Sensex Wednesday dropped over 200 points and NSE Nifty fell below the 10,900 mark on selloff in metal and auto stocks amid weak cues from other Asian markets and foreign fund outflow.&nbsp;

Forex traders said sustained foreign fund outflows also weighed on the local unit. However, lower crude oil prices capped the losses.

The rupee deprecated by 23 paise and fell to 69.70 per dollar mark in early trade Wednesday amid strengthening of the American currency and lower opening in domestic equities. Forex traders said sustained foreign fund outflows also weighed on the local unit. However, lower crude oil prices capped the losses. At the Interbank Foreign Exchange, the rupee opened weak at 69.60 then fell further to 69.70 against the American currency, down 27 paise over it's previous closing price. On Tuesday, the rupee had appreciated 34 paise to 69.43 against the American currency. Meanwhile, foreign funds pulled out Rs 48.19 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 142.58 crore Tuesday, provisional data showed. Brent crude, the global benchmark, was trading lower at 53.59 per barrel, lower by 0.58 per cent. The BSE benchmark Sensex Wednesday dropped over 200 points and NSE Nifty fell below the 10,900 mark on selloff in metal and auto stocks amid weak cues from other Asian markets and foreign fund outflow.

Rupee falls 27 paise to 69.70 against US dollar

The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade Tuesday amid weakness in the greenback against some currencies overseas.

Forex traders said, increased selling of the American currency by exporters and banks also supported the domestic currency.

At the interbank forex market, the rupee opened higher at 69.63 and rose further to quote at 69.62, showing a rise of 15 paise over its previous close. 
The Indian rupee Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 per dollar.

Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading lower by 0.02 per cent at 96.15. 
Traders said, foreign fund outflows and higher crude oil prices weighed on the local unit and capped the upmove.

Foreign funds pulled out Rs 326.87 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 321.98 crore Monday, provisional data showed.

Globally, Brent crude, the international benchmark, was trading 1.11 per cent higher at US $53.80 per barrel.

Meanwhile, the BSE benchmark Sensex turned choppy after opening higher in early trade Tuesday amid sustained capital outflows by foreign funds and surging global crude oil prices.

The 30-share index dropped over 85.77 points, or 0.24 per cent, to 35,982.56 in morning trade, after touching a high of 36,161.80 at the outset.&nbsp;

The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade Tuesday amid weakness in the greenback against some currencies overseas.

The rupee started the new year on a positive note and appreciated by 15 paise to 69.62 against the US dollar in early trade Tuesday amid weakness in the greenback against some currencies overseas. Forex traders said, increased selling of the American currency by exporters and banks also supported the domestic currency. At the interbank forex market, the rupee opened higher at 69.63 and rose further to quote at 69.62, showing a rise of 15 paise over its previous close. The Indian rupee Monday signed off the last trading session of 2018 with 18 paise gains at 69.77 per dollar. Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading lower by 0.02 per cent at 96.15. Traders said, foreign fund outflows and higher crude oil prices weighed on the local unit and capped the upmove. Foreign funds pulled out Rs 326.87 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 321.98 crore Monday, provisional data showed. Globally, Brent crude, the international benchmark, was trading 1.11 per cent higher at US $53.80 per barrel. Meanwhile, the BSE benchmark Sensex turned choppy after opening higher in early trade Tuesday amid sustained capital outflows by foreign funds and surging global crude oil prices. The 30-share index dropped over 85.77 points, or 0.24 per cent, to 35,982.56 in morning trade, after touching a high of 36,161.80 at the outset.

New year cheer: Rupee rises 15 paise to 69.62 against US dollar in early trade

The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market.

Forex traders said weakening of the US dollar against some currencies overseas aided the local unit.

Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading higher by 0.04 per cent at 96.44.

At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.76 against the US dollar, then appreciated further to 69.76 showing a rise of 20 paise over its previous closing.

On Friday, the rupee finished at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas.

Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove.

Foreign funds sold shares worth Rs 119.60 crore from the capital markets on a net basis Friday, while domestic institutional investors bought shares worth Rs 1,199.40 crore, provisional data showed.

The global benchmark Brent crude was trading higher by 1.13 per cent at 53.81 per barrel.

Meanwhile, continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.&nbsp;

The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market.

The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market. Forex traders said weakening of the US dollar against some currencies overseas aided the local unit. Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading higher by 0.04 per cent at 96.44. At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.76 against the US dollar, then appreciated further to 69.76 showing a rise of 20 paise over its previous closing. On Friday, the rupee finished at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas. Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove. Foreign funds sold shares worth Rs 119.60 crore from the capital markets on a net basis Friday, while domestic institutional investors bought shares worth Rs 1,199.40 crore, provisional data showed. The global benchmark Brent crude was trading higher by 1.13 per cent at 53.81 per barrel. Meanwhile, continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.

Rupee gains 20 paise to 69.75 against dollar in opening trade

India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.

The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC. Those have been building up since Tehran was put under stringent US sanctions in early November.

The two countries on November 2 signed a bilateral agreement to settle oil trades through an Indian government-owned bank, UCO Bank, in the Indian currency, which is not freely traded on international markets.&nbsp;

However, the income of a foreign company that is deposited in an Indian bank account is subject to a withholding tax of 40 per cent plus other levies, leading to a total take by the authorities of 42.5 per cent.

That made the agreement unworkable for Iran and led to the freeze in payments by the refiners until the exemption could be introduced.

Iran will be able to use the rupee funds for a range of expenses - including&nbsp;imports from India, the cost of its missions in the country, direct investment in Indian projects, and its financing of Iranian students in India, according to another government document reviewed by Reuters. It can also invest the funds in Indian government debt securities.

"In the previous round of sanctions Iran was allowed to use funds for imports from India but this time we have expanded the scope for use of funds to benefit both nations," said an Indian government official, who declined to be named because of the sensitivity of the issue.

The move may help India fix its trade balance, which is currently tilted in favour of Iran.

PAYMENTS TO START SOON

The tax exemption order, though, only refers to crude oil. That means it does not apply to imports of other commodities, such as fertiliser, liquefied petroleum gas and wax.

India, Iran`s top oil client after China, has turned to paying for Iranian oil in rupees as major banking channels dealing in global currencies are closed off by the US sanctions.

"Passing of this notification eases constraints for Indian refiners to make payment," said Sanjay Sudhir, joint Secretary in India`s oil ministry.

An official from India`s top refiner and Iran`s top customer in the country, Indian Oil Corp, said his company would start making payments to Iran from January.

The finance ministry did not respond to a request for comment. Indian Oil Corp and UCO Bank also did not respond.

Last month, the United States introduced the sanctions aimed at crippling Iran`s oil revenue-dependent economy because of its nuclear and ballistic missile programmes and its support for militant proxies in the Middle East.&nbsp;

Washington did, though, give a six-month waiver from sanctions to eight nations, including India, and allowed them to import some Iranian oil.

India`s overall imports from Iran totalled about $11 billion in April-November 2018, with oil accounting for about 90 per cent of the imports.

Iran will be able to register as a foreign portfolio investor, allowing it to invest in Indian government debt.

The direct investment provision could help Iran in participating in Indian oil refiner Chennai Petroleum Corp Ltd`s expansion plans. Iran owns 15.4 per cent of the company.

Iran which used to be the third biggest oil supplier to India slipped to No. 6 in November, according to ship-tracking data and industry sources.

India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.

India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters. The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC. Those have been building up since Tehran was put under stringent US sanctions in early November. The two countries on November 2 signed a bilateral agreement to settle oil trades through an Indian government-owned bank, UCO Bank, in the Indian currency, which is not freely traded on international markets. However, the income of a foreign company that is deposited in an Indian bank account is subject to a withholding tax of 40 per cent plus other levies, leading to a total take by the authorities of 42.5 per cent. That made the agreement unworkable for Iran and led to the freeze in payments by the refiners until the exemption could be introduced. Iran will be able to use the rupee funds for a range of expenses - including imports from India, the cost of its missions in the country, direct investment in Indian projects, and its financing of Iranian students in India, according to another government document reviewed by Reuters. It can also invest the funds in Indian government debt securities. "In the previous round of sanctions Iran was allowed to use funds for imports from India but this time we have expanded the scope for use of funds to benefit both nations," said an Indian government official, who declined to be named because of the sensitivity of the issue. The move may help India fix its trade balance, which is currently tilted in favour of Iran. PAYMENTS TO START SOON The tax exemption order, though, only refers to crude oil. That means it does not apply to imports of other commodities, such as fertiliser, liquefied petroleum gas and wax. India, Iran`s top oil client after China, has turned to paying for Iranian oil in rupees as major banking channels dealing in global currencies are closed off by the US sanctions. "Passing of this notification eases constraints for Indian refiners to make payment," said Sanjay Sudhir, joint Secretary in India`s oil ministry. An official from India`s top refiner and Iran`s top customer in the country, Indian Oil Corp, said his company would start making payments to Iran from January. The finance ministry did not respond to a request for comment. Indian Oil Corp and UCO Bank also did not respond. Last month, the United States introduced the sanctions aimed at crippling Iran`s oil revenue-dependent economy because of its nuclear and ballistic missile programmes and its support for militant proxies in the Middle East. Washington did, though, give a six-month waiver from sanctions to eight nations, including India, and allowed them to import some Iranian oil. India`s overall imports from Iran totalled about $11 billion in April-November 2018, with oil accounting for about 90 per cent of the imports. Iran will be able to register as a foreign portfolio investor, allowing it to invest in Indian government debt. The direct investment provision could help Iran in participating in Indian oil refiner Chennai Petroleum Corp Ltd`s expansion plans. Iran owns 15.4 per cent of the company. Iran which used to be the third biggest oil supplier to India slipped to No. 6 in November, according to ship-tracking data and industry sources.

India exempts rupee payments for Iran oil from hefty taxes: Government order

Domestic stock markets on Friday opened in green with BSE Sensex rising by over 250 points in early trade to touch 36,065.78. Nifty on the other hand, rose by 72 points at 10,852.05.

Meanwhile, the rupee rose on Friday by 30 paise to 70.05 against the US currency in opening trade aided by foreign fund inflows amid a weak dollar globally and sharp fall in crude oil prices.

Domestic stock markets, which opened with gains of up to 1 per cent, also supported the local currency.

On Thursday, rising for the second straight day, the BSE benchmark Sensex jumped 157 points amid expiry of December series derivatives contracts and positive global cues, news agency PTI reported.&nbsp;

After rallying close to 400 points earlier in the session, the 30-share index pared some gains but finished 157.34 points or 0.44 per cent, higher at 35,807.28.

The broader NSE Nifty rose 49.95 points, or 0.47 per cent, to 10,779.80.

(With inputs from PTI)&nbsp;

Domestic stock markets on Friday opened in green with BSE Sensex rising by over 250 points in early trade to touch 36,065.78. Nifty on the other hand, rose by 72 points at 10,852.

Domestic stock markets on Friday opened in green with BSE Sensex rising by over 250 points in early trade to touch 36,065.78. Nifty on the other hand, rose by 72 points at 10,852.05. Meanwhile, the rupee rose on Friday by 30 paise to 70.05 against the US currency in opening trade aided by foreign fund inflows amid a weak dollar globally and sharp fall in crude oil prices. Domestic stock markets, which opened with gains of up to 1 per cent, also supported the local currency. On Thursday, rising for the second straight day, the BSE benchmark Sensex jumped 157 points amid expiry of December series derivatives contracts and positive global cues, news agency PTI reported. After rallying close to 400 points earlier in the session, the 30-share index pared some gains but finished 157.34 points or 0.44 per cent, higher at 35,807.28. The broader NSE Nifty rose 49.95 points, or 0.47 per cent, to 10,779.80. (With inputs from PTI)

Markets open in green; Sensex up by over 250 points, rupee strengthens

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade Thursday due to fresh buying of the American currency by importers and banks.

A higher opening of domestic equity market, however, capped the loss, brokers said.

At the Interbank Foreign Exchange, the rupee opened sharp lower at 70.27 a dollar against the previous close of 70.06. The domestic unit moved in a tight range of 70.31 to 70.22 in the morning trade.

On Wednesday, the rupee trimmed its early gains to settle 8 paise higher at 70.06 against the US currency.

Brent crude, the international benchmark, was down 1.18 per cent at US $54.64 per barrel.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore.

Meanwhile, BSE benchmark Sensex rallied 391 points and NSE Nifty reclaimed the 10,800 level Thursday on positive cues from Wall Street.&nbsp;

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade Thursday due to fresh buying of the American currency by importers and banks. A higher opening of domestic equity market, however, capped the loss, brokers said.

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade Thursday due to fresh buying of the American currency by importers and banks. A higher opening of domestic equity market, however, capped the loss, brokers said. At the Interbank Foreign Exchange, the rupee opened sharp lower at 70.27 a dollar against the previous close of 70.06. The domestic unit moved in a tight range of 70.31 to 70.22 in the morning trade. On Wednesday, the rupee trimmed its early gains to settle 8 paise higher at 70.06 against the US currency. Brent crude, the international benchmark, was down 1.18 per cent at US $54.64 per barrel. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore. Meanwhile, BSE benchmark Sensex rallied 391 points and NSE Nifty reclaimed the 10,800 level Thursday on positive cues from Wall Street.

Rupee slips 19 paise against US dollar in early trade

The rupee gained 19 paise against the US dollar Wednesday to trade at 69.95 after increased selling of the US currency by exporters and banks.

However, a lower opening of the domestic equity markets capped the rise, dealers said.

At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.79 a dollar against the previous close of 70.14. Further, the domestic unit surrendered early gains to quote at 69.95, showing a gain of 19 paise.

Financial markets were closed on Tuesday on account of Christmas.

On Monday, the <a href="http://www.wionews.com/business-economy/rupee-recovers-4-paise-on-weak-dollar-falling-crude-186203">rupee had recovered 4 paise</a> to close at 70.14 against the American currency, following weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US.

Meanwhile, the benchmark BSE Sensex plunged over 350 points as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff by foreign investors.&nbsp;

The rupee gained 19 paise against the US dollar Wednesday to trade at 69.95 after increased selling of the US currency by exporters and banks. However, a lower opening of the domestic equity markets capped the rise, dealers said.

The rupee gained 19 paise against the US dollar Wednesday to trade at 69.95 after increased selling of the US currency by exporters and banks. However, a lower opening of the domestic equity markets capped the rise, dealers said. At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.79 a dollar against the previous close of 70.14. Further, the domestic unit surrendered early gains to quote at 69.95, showing a gain of 19 paise. Financial markets were closed on Tuesday on account of Christmas. On Monday, the rupee had recovered 4 paise to close at 70.14 against the American currency, following weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US. Meanwhile, the benchmark BSE Sensex plunged over 350 points as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff by foreign investors.

Rupee surges 19 paise against dollar despite low opening of domestic markets

&nbsp;After gyrating nearly 700 points Wednesday, benchmark equity indices reversed initial losses and ended higher driven by a rebound in banking stocks amid a firming trend in the US market.

The BSE Sensex broke its three-day falling streak by ending 179.79 points, or 0.51 per cent, higher at 35,649.94. It fell to a low of 35,010.82 during afternoon trade.

The broader NSE Nifty too recovered to reclaim the 10,700 level, rising 66.35 points, or 0.62 per cent, to 10,729.85.

"Market recovered in the second half following a recovery in Dow futures. At current levels, Nifty 50 is on track to deliver nominal positive returns in CY18. Nifty is the only index among large markets that is positive for the calendar year," said Viral Berawala, CIO of Essel Mutual Fund.

The 30-share index had ended the previous session 271.92 points lower at 35,470.15, while the Nifty had lost 90.50 points.

The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&amp;T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.

On the other hand, Sun Pharma, Yes Bank, TCS, NTPC, Tata Motors, Infosys and ONGC fell up to 2 per cent.

The <a href="http://www.wionews.com/business-economy/rupee-surges-19-paise-against-dollar-in-early-trade-186541">rupee, meanwhile, gained against the US dollar</a> and was trading at 70.08 per dollar.

Brent crude, the international benchmark, was up 0.73 per cent at USD 51.14 per barrel.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 577.10 crore Monday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 186.14 crore, provisional data available with BSE showed.

Elsewhere in Asia, Korea's Kospi ended 1.31 per cent lower, Hong Kong's Hang Seng fell 0.40 per cent and Shanghai Composite Index slipped 0.26 per cent; while Japan's Nikkei rose 0.89 per cent.&nbsp;

After gyrating nearly 700 points Wednesday, benchmark equity indices reversed initial losses and ended higher driven by a rebound in banking stocks amid a firming trend in the US market.

After gyrating nearly 700 points Wednesday, benchmark equity indices reversed initial losses and ended higher driven by a rebound in banking stocks amid a firming trend in the US market. The BSE Sensex broke its three-day falling streak by ending 179.79 points, or 0.51 per cent, higher at 35,649.94. It fell to a low of 35,010.82 during afternoon trade. The broader NSE Nifty too recovered to reclaim the 10,700 level, rising 66.35 points, or 0.62 per cent, to 10,729.85. "Market recovered in the second half following a recovery in Dow futures. At current levels, Nifty 50 is on track to deliver nominal positive returns in CY18. Nifty is the only index among large markets that is positive for the calendar year," said Viral Berawala, CIO of Essel Mutual Fund. The 30-share index had ended the previous session 271.92 points lower at 35,470.15, while the Nifty had lost 90.50 points. The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent. On the other hand, Sun Pharma, Yes Bank, TCS, NTPC, Tata Motors, Infosys and ONGC fell up to 2 per cent. The rupee, meanwhile, gained against the US dollar and was trading at 70.08 per dollar. Brent crude, the international benchmark, was up 0.73 per cent at USD 51.14 per barrel. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 577.10 crore Monday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 186.14 crore, provisional data available with BSE showed. Elsewhere in Asia, Korea's Kospi ended 1.31 per cent lower, Hong Kong's Hang Seng fell 0.40 per cent and Shanghai Composite Index slipped 0.26 per cent; while Japan's Nikkei rose 0.89 per cent.

Sensex rebounds 180 points, Nifty reclaims 10,700 mark

The <a href="http://www.wionews.com/business-economy/fpis-infuse-rs-4000-cr-in-3-weeks-on-strengthening-rupee-easing-crude-prices-185952">rupee</a> gained 8 paise against the US dollar Monday to trade at 70.10 in on selling of the US currency by exporters and banks.

The dollar was weak against major currencies in <a href="http://www.wionews.com/world/global-markets-stocks-dip-ahead-of-federal-news-oil-prices-drop-185217">global markets</a> which supported the local currency, a currency dealer said, but the choppy trend at the stock exchanges limited the gains.

The rupee opened a shade lower at 70.19 a dollar against the previous close of 70.18 a dollar. It moved in a range of 70.21 to 70.12 a dollar in early trade before quoting at 70.10, showing a gain of 8 paise.

On Friday, the rupee snapped its four-day rising streak by falling 48 paise to close at 70.18 against the US currency due to month-end dollar demand and sharp losses in domestic equities.

Meanwhile, the benchmark BSE Sensex fell by 34.30 points, or 0.11 per cent to 35,703 in early choppy trade Monday after rising to 35,872.02.

The rupee gained 8 paise against the US dollar Monday to trade at 70.10 in on selling of the US currency by exporters and banks. The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said, but the choppy trend at the stock exchanges limited the gains.

The rupee gained 8 paise against the US dollar Monday to trade at 70.10 in on selling of the US currency by exporters and banks. The dollar was weak against major currencies in global markets which supported the local currency, a currency dealer said, but the choppy trend at the stock exchanges limited the gains. The rupee opened a shade lower at 70.19 a dollar against the previous close of 70.18 a dollar. It moved in a range of 70.21 to 70.12 a dollar in early trade before quoting at 70.10, showing a gain of 8 paise. On Friday, the rupee snapped its four-day rising streak by falling 48 paise to close at 70.18 against the US currency due to month-end dollar demand and sharp losses in domestic equities. Meanwhile, the benchmark BSE Sensex fell by 34.30 points, or 0.11 per cent to 35,703 in early choppy trade Monday after rising to 35,872.02.

Rupee gains 8 paise against dollar

The rupee Monday recovered by 4 paise to close at 70.14 against the US currency, aided by weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US.

Crude oil prices remained below the $55 per barrel mark, strengthening the rupee sentiment, a forex dealer said.

The dollar was weak against major currencies in global markets which supported the local currency, the dealer said.

The dollar index, which measures the US currency's strength against a basket of six major global currencies, was down at 96.27 amid growth worries and political uncertainty in the US due to the shutdown.

The rupee opened strong by 8 paise against the US dollar at 70.10 in early trade on dollar selling by exporters and banks.

It gained 30 paise to touch a day's high of 69.88 per dollar in late morning trade as the dollar remained weak in global markets.

The domestic currency, however, trimmed its early gains due to month-end dollar demand and losses in equity markets in the last hour of the trade.

Foreign investors pulled out Rs 577 crore from capital markets Monday, provisional exchange data showed.

The rupee finally ended up by 4 paise or 0.06 per cent at 70.14 per dollar.

Stock markets fell for a third session due to heavy selling in realty, consumer durables, metal and auto counters amid weak global cues. The benchmark <a href="http://www.wionews.com/business-economy/sensex-nifty-drops-272-points-on-global-selloff-186157">BSE Sensex</a> dropped 0.76 per cent while the broader NSE Nifty declined 0.84 per cent to settle below the 10,700 level.

Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.1757 and for rupee/euro at 79.8824. The reference rate for rupee/British pound was fixed at 88.8710 and for rupee/100 Japanese yen at 63.16.&nbsp;

The rupee Monday recovered by 4 paise to close at 70.14 against the US currency, aided by weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US.

The rupee Monday recovered by 4 paise to close at 70.14 against the US currency, aided by weak crude oil prices and the dollar's losses in global markets due to political uncertainty in the US. Crude oil prices remained below the $55 per barrel mark, strengthening the rupee sentiment, a forex dealer said. The dollar was weak against major currencies in global markets which supported the local currency, the dealer said. The dollar index, which measures the US currency's strength against a basket of six major global currencies, was down at 96.27 amid growth worries and political uncertainty in the US due to the shutdown. The rupee opened strong by 8 paise against the US dollar at 70.10 in early trade on dollar selling by exporters and banks. It gained 30 paise to touch a day's high of 69.88 per dollar in late morning trade as the dollar remained weak in global markets. The domestic currency, however, trimmed its early gains due to month-end dollar demand and losses in equity markets in the last hour of the trade. Foreign investors pulled out Rs 577 crore from capital markets Monday, provisional exchange data showed. The rupee finally ended up by 4 paise or 0.06 per cent at 70.14 per dollar. Stock markets fell for a third session due to heavy selling in realty, consumer durables, metal and auto counters amid weak global cues. The benchmark BSE Sensex dropped 0.76 per cent while the broader NSE Nifty declined 0.84 per cent to settle below the 10,700 level. Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.1757 and for rupee/euro at 79.8824. The reference rate for rupee/British pound was fixed at 88.8710 and for rupee/100 Japanese yen at 63.16.

Rupee recovers 4 paise on weak dollar, falling crude 

Foreign investors have pumped in close to Rs 4,000 crore in the Indian capital markets this month so far on strengthening rupee and easing global crude oil prices.

This comes following a 10-month high net inflow of over Rs 12,266 crore in the capital markets (equity and debt) by <a href="http://www.wionews.com/business-economy/fpis-pull-out-nearly-rs-400-crore-in-just-5-sessions-on-global-cues-182620">Foreign Portfolio Investors </a>(FPIs) in November.

According to data available with the depositories, FPIs infused a net amount of Rs 1,332 crore in equities and Rs 2,552 crore in the debt markets, taking the total to Rs 3,884 crore during December 3-21.

Marketmen attributed the inflow to persistent fall in crude oil prices, which dropped to over 15-month lows, and strengthening rupee against the dollar.

However, till December 7, FPIs were net sellers in the equity market, pulling out funds to the tune of Rs 383 crore. However, they had put in Rs 2,744 crore in the debt markets during the period under review.

"The sell-off was triggered on December 6, when FPIs sold net assets worth Rs 361 crore in a single day. This could be largely attributed to the weakness in the global markets due to the arrest of a high-profile Chinese executive which led to a sharp fall in the stock markets globally," said Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India.

"Investors fear that the relationship between the world's two biggest economies — US and China — could deteriorate following the arrest and hurt economic growth. Consequently, they chose to adopt a cautious stance and shun risky assets, such as their investments in emerging markets like India, which are more susceptible to weak global cues," he added.

The sell-off by FPIs was triggered after Chinese telecom giant Huawei's CFO <a href="http://www.wionews.com/world/huawei-cfo-meng-wanzhou-freed-on-bail-leaves-courthouse-183504">Meng Wanzhou</a>, who is also the company founder's daughter, was arrested in Canada for extradition to the US for suspected Iran sanctions violations.

FPIs have pulled out over Rs 84,200 crore from the capital markets so far this year. This includes close to Rs 34,000 crore from equities and Rs 50,200 crore from the debt market.

Foreign investors have pumped in close to Rs 4,000 crore in the Indian capital markets this month so far on strengthening rupee and easing global crude oil prices.

Foreign investors have pumped in close to Rs 4,000 crore in the Indian capital markets this month so far on strengthening rupee and easing global crude oil prices. This comes following a 10-month high net inflow of over Rs 12,266 crore in the capital markets (equity and debt) by Foreign Portfolio Investors (FPIs) in November. According to data available with the depositories, FPIs infused a net amount of Rs 1,332 crore in equities and Rs 2,552 crore in the debt markets, taking the total to Rs 3,884 crore during December 3-21. Marketmen attributed the inflow to persistent fall in crude oil prices, which dropped to over 15-month lows, and strengthening rupee against the dollar. However, till December 7, FPIs were net sellers in the equity market, pulling out funds to the tune of Rs 383 crore. However, they had put in Rs 2,744 crore in the debt markets during the period under review. "The sell-off was triggered on December 6, when FPIs sold net assets worth Rs 361 crore in a single day. This could be largely attributed to the weakness in the global markets due to the arrest of a high-profile Chinese executive which led to a sharp fall in the stock markets globally," said Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India. "Investors fear that the relationship between the world's two biggest economies — US and China — could deteriorate following the arrest and hurt economic growth. Consequently, they chose to adopt a cautious stance and shun risky assets, such as their investments in emerging markets like India, which are more susceptible to weak global cues," he added. The sell-off by FPIs was triggered after Chinese telecom giant Huawei's CFO Meng Wanzhou, who is also the company founder's daughter, was arrested in Canada for extradition to the US for suspected Iran sanctions violations. FPIs have pulled out over Rs 84,200 crore from the capital markets so far this year. This includes close to Rs 34,000 crore from equities and Rs 50,200 crore from the debt market.

FPIs infuse Rs 4,000-cr in 3 weeks on strengthening rupee, easing crude prices

&nbsp;The<a href="http://www.wionews.com/business-economy/indian-rupee-top-performer-of-2019-185516"> rupee </a>fell by 37 paise to 70.07 against the US dollar in early trade Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows.

Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee.

The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close.

On Thursday the <a href="http://www.wionews.com/business-economy/rupee-slips-24-paise-to-7063-against-us-dollar-in-early-trade-after-us-federal-rate-hike-185411">domestic currency</a> appreciated by 69 paise to close at 69.70 against the US dollar.

Traders said a lower opening in the domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit.

Globally, Brent crude, the international benchmark, was trading 1.27 per cent higher at $55.04 per barrel.

Foreign funds pulled out Rs 386.44 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 87.96 crore Thursday, provisional data showed.

The 30-share index fell 31.70 points, or 0.09 per cent, to trade at 36,399.97. In a similar movement, the NSE Nifty was trading 12 points, or 0.11 per cent, lower at 10,939.70.&nbsp;

Also read:&nbsp;<a href="http://www.wionews.com/business-economy/sensex-falls-100-points-in-early-hours-amid-us-government-shutdown-tension-185589">Sensex falls 100 points in early trade amid US government shutdown tension</a> 
&nbsp;

The rupee fell by 37 paise to 70.07 against the US dollar in early trade Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows.

The rupee fell by 37 paise to 70.07 against the US dollar in early trade Friday amid strengthening of the US dollar against some currencies overseas and foreign fund outflows. Forex traders said besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee. The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close. On Thursday the domestic currency appreciated by 69 paise to close at 69.70 against the US dollar. Traders said a lower opening in the domestic equity market, rising crude prices and foreign fund outflows put additional pressure on the local unit. Globally, Brent crude, the international benchmark, was trading 1.27 per cent higher at $55.04 per barrel. Foreign funds pulled out Rs 386.44 crore from the capital markets on a net basis, while domestic institutional investors bought shares worth Rs 87.96 crore Thursday, provisional data showed. The 30-share index fell 31.70 points, or 0.09 per cent, to trade at 36,399.97. In a similar movement, the NSE Nifty was trading 12 points, or 0.11 per cent, lower at 10,939.70. Also read: Sensex falls 100 points in early trade amid US government shutdown tension

Rupee slips 37 paise to 70.07 against US dollar in early trade

The rupee weakened on Thursday tracking Asian peers after the <a href="http://www.wionews.com/business-economy/us-federal-reserve-hikes-interest-rates-wall-street-stocks-tumble-185385">US Federal Reserve's&nbsp;statement hiking interest rates</a> fourth time this year.

The rupee was at 70.57 to the dollar in early trade after opening at 70.68 and weaker than Wednesday's close of 70.39.&nbsp;

On Wednesday, the rupee had settled 5 paise higher at 70.39 against the US dollar.

Foreign funds bought shares worth Rs 1,209.21 crore from the capital markets on net basis on Wednesday, while domestic institutional investors sold shares worth Rs 481.46 crore, provisional data showed.

After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong.

US stocks and bond yields fell hard. With the Fed signalling "some further gradual" rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth.

Wall Street stocks fell sharply after the Federal Reserve lifted interest rates. The Dow, which had been up nearly 300 points prior to the decision, finished down 350 points, or 1.5 per cent, at 23,323.66. It meant the blue-chip index was at its lowest level of 2018.

The global benchmark, Brent crude oil was trading at $56.49 per barrel, lower by 1.31 per cent.

Meanwhile, the domestic equity market opened on a weaker note. The 30-share<a href="http://www.wionews.com/business-economy/sensex-opens-in-red-after-us-federal-rate-hike-185410"> BSE benchmark Sensex was trading at 36,305.11, down 179.22 points </a>in early trade. The wide-based Nifty was also trading lower by 51.95 points at 10,915.35. 
&nbsp;

The rupee weakened on Thursday tracking Asian peers after the US Federal Reserve's statement hiking interest rates fourth time this year. The rupee was at 70.57 to the dollar in early trade after opening at 70.

The rupee weakened on Thursday tracking Asian peers after the US Federal Reserve's statement hiking interest rates fourth time this year. The rupee was at 70.57 to the dollar in early trade after opening at 70.68 and weaker than Wednesday's close of 70.39. On Wednesday, the rupee had settled 5 paise higher at 70.39 against the US dollar. Foreign funds bought shares worth Rs 1,209.21 crore from the capital markets on net basis on Wednesday, while domestic institutional investors sold shares worth Rs 481.46 crore, provisional data showed. After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the US central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong. US stocks and bond yields fell hard. With the Fed signalling "some further gradual" rate hikes and no break from cutting its massive bond portfolio, traders fretted that policymakers could choke off economic growth. Wall Street stocks fell sharply after the Federal Reserve lifted interest rates. The Dow, which had been up nearly 300 points prior to the decision, finished down 350 points, or 1.5 per cent, at 23,323.66. It meant the blue-chip index was at its lowest level of 2018. The global benchmark, Brent crude oil was trading at $56.49 per barrel, lower by 1.31 per cent. Meanwhile, the domestic equity market opened on a weaker note. The 30-share BSE benchmark Sensex was trading at 36,305.11, down 179.22 points in early trade. The wide-based Nifty was also trading lower by 51.95 points at 10,915.35.

Rupee slips against dollar after US Federal rate hike

<a href="http://www.wionews.com/world/trump-is-right-to-pull-us-troops-out-of-syria-says-putin-185511">Trump is 'right' to pull US troops out of Syria, says Putin</a>

Russian President Vladimir Putin said Thursday he backed US counterpart&nbsp;Donald Trump's decision to order troops back home from Syria&nbsp;after declaring victory over Islamic State forces.

<a href="http://www.wionews.com/business-economy/indian-rupee-top-performer-of-2019-185516">After </a><a href="http://www.wionews.com/business-economy/indian-rupee-top-performer-of-2019-185516">very</a><a href="http://www.wionews.com/business-economy/indian-rupee-top-performer-of-2019-185516"> troubled year, Indian rupee to be a top performer of 2019?</a>

The Indian rupee — which has been in constant decline this year, it fell over 13% in 2018 — may be a top performer of 2019, analysts have said. Tumbling oil prices have put the rupee on course for the best quarter in nearly two years.&nbsp;

<a href="http://www.wionews.com/india-news/watch-never-fall-in-love-on-facebook-hamid-nihal-ansari-says-after-6-years-in-pakistani-jails-185503">Watch: 'Never fall in love on Facebook,' Hamid Nehal Ansari says after 6 years in Pakistani jails</a>

"Never fall in love on Facebook," Hamid Nehal Ansari has said after spending six years in Pakistani jails.&nbsp;Hamid had crossed over into Pakistan from Afghanistan in 2012, reportedly to meet a girl he had befriended online. He was caught and subsequently sentenced to three years in prison for travelling on a fake passport.&nbsp;

<a href="http://www.wionews.com/sports/bcci-treasurer-edulji-attack-coa-chief-over-womens-coach-selection-185513">Edulji, BCCI treasurer attack CoA chief Vinod Rai over women's coach selection</a>

Questioning the selection process of the Indian women's cricket coach, BCCI acting treasurer Anirudh Chaudhry and&nbsp;Committee of Administrators&nbsp;member Diana Edulji Thursday launched a joint attack on CoA chief Vinod Rai.

<a href="http://www.wionews.com/india-news/after-quitting-nda-upendra-kushwaha-joins-mahagathbandhan-in-bihar-185506">Days after quitting NDA, Upendra Kushwaha joins 'mahagathbandhan' in Bihar</a>

Former Union Minister Upendra Kushwaha who pulled out from the NDA alliance on December 10, joined the mahagathbandhan in Bihar on Thursday. While addressing a press conference,&nbsp;Kushwaha&nbsp;said one of the reasons why he joined the mahagathbandhan was the "wholeheartedness" of Congress President Rahul Gandhi and Lalu Yadav.

Trump is 'right' to pull US troops out of Syria, says Putin Russian President Vladimir Putin said Thursday he backed US counterpart Donald Trump's decision to order troops back home from Syria after declaring victory over Islamic State forces.

Trump is 'right' to pull US troops out of Syria, says Putin Russian President Vladimir Putin said Thursday he backed US counterpart Donald Trump's decision to order troops back home from Syria after declaring victory over Islamic State forces. After very troubled year, Indian rupee to be a top performer of 2019? The Indian rupee — which has been in constant decline this year, it fell over 13% in 2018 — may be a top performer of 2019, analysts have said. Tumbling oil prices have put the rupee on course for the best quarter in nearly two years. Watch: 'Never fall in love on Facebook,' Hamid Nehal Ansari says after 6 years in Pakistani jails "Never fall in love on Facebook," Hamid Nehal Ansari has said after spending six years in Pakistani jails. Hamid had crossed over into Pakistan from Afghanistan in 2012, reportedly to meet a girl he had befriended online. He was caught and subsequently sentenced to three years in prison for travelling on a fake passport. Edulji, BCCI treasurer attack CoA chief Vinod Rai over women's coach selection Questioning the selection process of the Indian women's cricket coach, BCCI acting treasurer Anirudh Chaudhry and Committee of Administrators member Diana Edulji Thursday launched a joint attack on CoA chief Vinod Rai. Days after quitting NDA, Upendra Kushwaha joins 'mahagathbandhan' in Bihar Former Union Minister Upendra Kushwaha who pulled out from the NDA alliance on December 10, joined the mahagathbandhan in Bihar on Thursday. While addressing a press conference, Kushwaha said one of the reasons why he joined the mahagathbandhan was the "wholeheartedness" of Congress President Rahul Gandhi and Lalu Yadav.

News brief: Big stories of the day

rupee

Rupee, News on Rupee, stories on Rupee, articles on Rupee, Rupee stories at Wion, Rupee news, Rupee latest news