Entries Tagged 'Forex' ↓

Rupee ended stronger against the US Dollar and the UK Pound Sterling, Rupee closed at Rs 39.445 against the US Dollar and the Rs 80.82 againss the Sterling Pound.

India Rupee recouped against the sterling to end at Rs 80.82 per pound from previous close of Rs 81.12, while the Rupee declined further against the European currency to Rs 56.64  from previous close of Rs 56.57 per euro.

The RBI has fixed the reference rate for the Dollar at Rs 39.51 and for the Euro at Rs 57.56.

Indian Rupee ended the day at 39.75 levels, 20 paise lower than the previous close of 39.55 levels on Wednesday.The downside on the Rupee was due the extreme volatility present in the forex markets along with the 717 point dip on the BSE Sensex.

The Rupee ovened today stronger at Rs 39.45 levels and rise up to 39.60 during the day. But the Rupee was not able to maintain its early gains because of the huge crash in the Sensex and the local currency at one point slip to 39.88 levels. Rupee depreciated by 1% in the past two days against the Dollar this is mainly becauses the concerns of capital outflow, along with the stock markets falling.

Indian Rupee yet again closed up at Rs 39.28 against US Dollar which is a new 9 year high on Thursday. Rupee Closed yesterday at Rs 39.31 .

Rupee appreciation is clearly based on the capital inflows into the Indian equity markets where the stock markets are reaching a fresh highs day after day.

The commerce ministry has under taken a survey regarding the impact of Rupee appreciation on Indian exports and local industries.

Rupee today closed at new 9-1/2 year high of Rs 39.31 against the US Dollar, dearer by 13 paise from previous close of Rs 39.44 on consistent inflows into equity markets.

There was no support for the Dollar in the Indian markets with no banks and Oil Companies coming to rescue in Dollar purchases.

This was lowest since February 26,1998 when Rupee closed at Rs 39.30 against US Dollar, Forex Traders are extremely bullish and feel that Rupee could touch Rs 39 mark soon.

Rupee on Thursday ended at a new nine and half year high of Rs 39.49 against the Dollar, on the back of inflows into the markets and in the absence of any major dollar demand.

Rupee Closed stronger by 8.50 paise from previous close of 39.5750/5850 today.

Rupee touched a nine-year high of Rs 39.62 today on positive Asian cues , the partially convertible rupee opened today  at a high of Rs 39.62, its strongest since April 1998 and later eased of to trade at Rs 39.66 vs Dollar.

Trade Analysts believe that the mood is bullish and further Rupee appreciation against the Dollar is expected but also raised concerns over the recent markets rally which has been too fast.
 

Rupee gained further today to make an another Nine Year High, boosted by the inflows into the stock markets.The rupee ended at 39.73/74 per dollar, moving up from the previous close of 39.77.