Rupee Dollar Currency Exchange

The rupee extended its losses into early Thursday after closing at a new all-time low, even as the dollar took a breather after heavy gains and as global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth.

The rupee closed at a new all-time low of about 77.58 against the dollar on Wednesday, tracking a rise in crude prices and a reversal in domestic stocks, with the two-day relief rally in equity benchmarks coming to an end.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The rupee strengthened early on Wednesday following a reversing of losses in the previous session, a day after closing at its all-time low of 77.44 against the dollar.

India's forex reserves have fallen over $30 billion since Ukraine crisis on February 24, and if that trend continues, then it will close out April below the $600 billion mark.

The rupee gained against the dollar on Wednesday, snapping a four-session losing streak, buoyed by a recovery in domestic stocks after a five-day losing run, but the dollar's reign is likely to limit the currency's relief rally.

The rupee weakened again early on Tuesday as the dollar firmed to a near two-year high driven by expectations of the Federal Reserve's aggressive interest rate hike trajectory to tame soaring inflation.

the Indian crude oil basket price rose to $99.86 per barrel on April 12, 2022, at an exchange rate of Rs 76.11 per dollar, up from $97.82 per barrel the previous day at (Rs/$) 75.96.

The rupee fell over 0.5 per cent, tracking lower Indian shares as the Ukraine crisis escalates, with surging oil prices hurting investors' sentiment.

India's benchmark 10-year bond yields rose on Tuesday, while the rupee weakened, due to global risk aversion amid an escalation of Ukraine tensions

The outlook for the Indian rupee remains stable, despite expected interest rate differentials, but Russia-Ukraine crisis could derail the currency.

The Indian rupee extended its gains on Monday for the fifth straight day, driven by a weaker dollar and softer crude prices.

Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened at 74.41 against the dollar and registered an intra-day high of 74.25.

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 74.44 against the dollar, registering a decline of six paise from the last close.

Rupee Vs Dollar Rate: The local unit opened at 74.35 against the greenback at the interbank foreign exchange market and registered an intra-day high of 74.10.

The rupee extended its losses into early Thursday after closing at a new all-time low, even as the dollar took a breather after heavy gains and as global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth.

The rupee closed at a new all-time low of about 77.58 against the dollar on Wednesday, tracking a rise in crude prices and a reversal in domestic stocks, with the two-day relief rally in equity benchmarks coming to an end.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The rupee strengthened early on Wednesday following a reversing of losses in the previous session, a day after closing at its all-time low of 77.44 against the dollar.

India's forex reserves have fallen over $30 billion since Ukraine crisis on February 24, and if that trend continues, then it will close out April below the $600 billion mark.

The rupee gained against the dollar on Wednesday, snapping a four-session losing streak, buoyed by a recovery in domestic stocks after a five-day losing run, but the dollar's reign is likely to limit the currency's relief rally.

The rupee weakened again early on Tuesday as the dollar firmed to a near two-year high driven by expectations of the Federal Reserve's aggressive interest rate hike trajectory to tame soaring inflation.

the Indian crude oil basket price rose to $99.86 per barrel on April 12, 2022, at an exchange rate of Rs 76.11 per dollar, up from $97.82 per barrel the previous day at (Rs/$) 75.96.

The rupee fell over 0.5 per cent, tracking lower Indian shares as the Ukraine crisis escalates, with surging oil prices hurting investors' sentiment.

India's benchmark 10-year bond yields rose on Tuesday, while the rupee weakened, due to global risk aversion amid an escalation of Ukraine tensions

The outlook for the Indian rupee remains stable, despite expected interest rate differentials, but Russia-Ukraine crisis could derail the currency.

The Indian rupee extended its gains on Monday for the fifth straight day, driven by a weaker dollar and softer crude prices.

Rupee Vs Dollar Rate: At the interbank foreign exchange market, the domestic unit opened at 74.41 against the dollar and registered an intra-day high of 74.25.

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 74.44 against the dollar, registering a decline of six paise from the last close.

Rupee Vs Dollar Rate: The local unit opened at 74.35 against the greenback at the interbank foreign exchange market and registered an intra-day high of 74.10.