Currency

The rupee ended at 71.9750 to the dollar on Thursday, compared with 72.30 on Wednesday.

The rupee finished Wednesday's session at 72.31 against the dollar, marking a gain of 36 paise from the previous close. A continuous fall in crude oil prices supported the rupee, say analysts. Crude oil prices edged up to trade near $66-a-barrel mark on Wednesday, after hitting an intraday low of $65.02 per barrel, on the prospect of reduction in supply by top producers. That along with the Reserve Bank of India's announcement to inject liquidity of Rs 12,000 crore on November 15 boosted the currency. Still, the rupee is down around 13 per cent so far this year.

The rupee moved higher by 22 paise - or 0.3 per cent - against the dollar to end at 72.67 on Tuesday, boosted by easing crude oil prices and strong macroeconomic data. A nearly 3 per cent decline in crude oil prices, dragging them over 20 per cent from October highs, eased concerns on the current account deficit front. Fund inflows, weakness in the dollar against major peers overseas and a nearly 1 per cent recovery in domestic stock markets pushed the rupee higher, according to analysts.

The rupee closed 39 paise lower against the dollar on Monday, as crude oil rose and the dollar rose overseas. The rupee moved lower against the American currency after top crude oil producer Saudi Arabia's announcement of its plans to reduce output pushed the global oil rate higher. The rupee slipped below the 73 mark against the dollar in intraday trade, before ending the day with a loss of around 0.5 per cent. At 72.89 against the greenback, the rupee is down more than 14 per cent so far this year.

Increased dollar demand from importers amid firming global crude oil prices and a strong dollar weighed on the rupee sentiment, a currency dealer said.

The rupee slipped by 54 paise to hit an intraday low of 73.04 against the dollar on Monday, reported news agency Press Trust of India (PTI). Increased demand for the American currency from importers, high global crude oil prices amid dollar's strength against some currencies overseas weighed on the domestic currency, traders said. International benchmark Brent crude was trading 2.04 per cent higher at $71.61 per barrel. The rupee is still down 13.5 per cent against the greenback so far this year.

Total reserves had dropped by $1.444 billion to $392.078 billion for the previous reporting week. After a long gap, gold reserves rose by $366.5 million to $20.888 billion, according to the latest RBI data.

The rupee appreciated by 50 paise against the dollar to close at 72.50 on Friday. Selling of dollars by exporters supported the rupee, say analysts. The dollar, which had weakened following the US midterm election results, staged a recovery after the Federal Reserve kept interest rates unchanged but indicated a hike next month. Meanwhile, crude oil prices continued their downward move for 10 straight days to hit a seven-month low. With Friday's gain of 0.7 per cent, the rupee reversed most of the losses registered during the holiday-shortened week.

Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy US stocks for more than two weeks in a row.

The rupee moved higher by 12 paise against the dollar to close at 73 on Tuesday. Selling of the dollar by exporters along with easing of crude oil prices helped the rupee gain some ground. The rupee rose as much as 14 paise against the dollar during the session, to touch an intraday high of 72.98, before giving up some of those gains by the end of the day. The rupee has depreciated more than 14 per cent against the greenback so far this year.

The rupee declined by 67 paise against the dollar to end at 73.12 on Monday. The sharp fall in the rupee came after two consecutive days of higher closing for the currency, in which the rupee moved 2 per cent higher against the greenback. Foreign fund outflows along with demand for the American currency from importers hurt the rupee on Monday, say analysts. At the current level, the rupee is down 14.5 per cent against the dollar so far this year.

Rupee Vs Dollar: The rupee opened lower at 72.76 per dollar against previous close of 72.45 and dropped further to quote 34 paise down at 72.79 in opening trade.

The rupee registered its strongest single-day gain in five years on Friday, amid a plunge in crude oil prices and a spike in equity markets. The rupee strengthened by 101 paise against the greenback to settle at 72.44 for the day, marking its strongest single-day gain since September 2013. Selling of dollars by exports along with weakness in the American currency against a group of major peers supported the rupee in the forex market. Sharp advances in the domestic markets - with the benchmark indices climbing to their highest levels in more than two weeks - also boosted the rupee. Despite rising 2 per cent in two consecutive sessions, the rupee is down more than 13 per cent against the dollar so far this year.

A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months. The rupee rose as high as 72.4350 vs the dollar, gaining 1.44 per cent during trade, the most since September 19, 2013.

Rupee Vs Dollar: The rise was supported by dollar-selling and the US unit's weakness against some currencies overseas, traders said.