Author: Currencies

At the interbank forex market, the local unit opened at 74.95 against the greenback and witnessed an intra-day high of 74.60 and a low of 74.95. PTI December 28, 2021 / 04:25 PM IST Representative image Continuing its gain for the ninth trading session in a row, the rupee surged 34 paise to close at […]

There’s a new way to spend your money abroad. Some fintechs and neo-banks (online-only banks) offer Rupee-denominated prepaid cards, through banks established in India such as DBS, Federal Bank and State Bank of Mauritius. What is a Rupee-denominated card? Typically, forex cards are denominated in several foreign currencies. A Rupee-denominated card, on the other hand, […]

At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last close. Representative image The rupee appreciated 12 paise to 74.88 against the US dollar in opening trade on Tuesday, tracking gains in domestic equity markets. At […]

At the interbank forex market, the local unit opened at 75.15 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.16. PTI December 27, 2021 / 04:19 PM IST Representative image Rising for the eighth straight session, the rupee on Monday pared initial losses to settle 3 paise higher at […]

Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. Representative image The rupee declined by 13 paise to 75.16 against the US dollar in opening trade on Monday, as muted domestic equities and persistent foreign […]

At the interbank foreign exchange, the rupee opened strong at 75.12 against the American dollar, registering a rise of 14 paise from the last close. Representative image The rupee appreciated 14 paise to 75.12 against the US dollar in opening trade on Friday, as risk appetite improved amid easing fears of fallout from the Omicron […]

The rupee resumed higher at 75.56 per dollar against the previous close of 75.59 at the interbank foreign exchange market and hovered in a range of 75.48 to 75.65 before settling at 75.54, registering a rise of 5 paise. PTI December 22, 2021 / 04:18 PM IST Representative image In a range-bound session, the rupee […]

However, rising crude prices in the international market and continued foreign fund outflows restricted the local unit, traders said. Representative image The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign […]

The real effective exchange rate (REER) is an indicator that is seldom tracked by the markets or even economists. But REER, especially the newly refurbished one from the Reserve Bank of India (RBI), has consistently shown an overvaluation of the Indian rupee against 40 other peer global currencies. In other words, the indicator has given […]

At the interbank foreign exchange, the rupee opened strong at 75.74 and inched up to quote 75.73 against the American dollar in early deals, registering a rise of 17 paise from the last close. In the previous session, the rupee had settled at 75.90 against the greenback. Representative image The rupee appreciated 17 paise to […]

Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. Representative image The rupee declined by 14 paise to 76.23 against the US dollar in opening trade on Friday, as muted domestic equities and persistent foreign […]