Tag: US Dollar

Rupee trading weak at 67.15 against US dollar

21/09/2016 11:49

The Indian rupee was trading lower against its US counterpart on Wednesday amid demand for the dollar from banks and importers, tracking weakness across global markets as traders worldwide stick to a cautious approach ahead of the outcome of key central bank meetings in Japan and the US.

At the Interbank Foreign Exchange Market, the partially convertible currency fell 3 paise at 67.15 per dollar from a previous close of 67.12 per dollar.

However, strong trading in domestic equity market capped downtrend of local currency.

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RBI sets rupee reference rate at 67.0200 against US dollar

20/09/2016 13:53

Reserve Bank today fixed the reference rate of the rupee at 67.0200 against the US dollar and 74.8814 for the euro.

The rates were at 66.8737 and 74.6845 respectively, yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 87.3740 and 65.86 per 100 yens respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee figure will be based on this rate, the statement added.

Rupee edges up 4 paise to 67.22 against US dollar

01/09/2016 12:44

The Indian rupee rebounded against its US counterpart after initial hiccups on Wednesday on fresh selling of the dollar by banks and exporters and sustained FII inflows. At the Interbank Foreign Exchange Market, the partially convertible currency was up by 4 paise to 67.22 per dollar from its previous close of 67.2650 per dollar.

The local currency was also supported by rebound in equity market as optimism over the health of the US economy amid robust consumer spending data bolstered risk taking appetite. However, growing expectations of a Federal Reserve interest rate hike in September may keep the rupeeā€™s gains in check as Fed Chair Janet Yellen signaled that the case for policy tightening had strengthened.

Silver rises as Brexit worries boost safe-haven assets

Silver rises as Brexit worries boost safe-haven assets

13/06/2016 16:54

Silver futures were trading higher during the evening trade in the domestic market on Monday amid weakness in dollar as traders shifted their focus to safe-haven assets amid lingering concerns about UK referendum that could push Britain out of the EU and ahead of key central bank meetings this week.

As Weaker greenback makes Silver cheaper for those holding other currencies, thus bolstering demand.

At the MCX, Silver futures for July 2016 contract is trading at Rs 41,239 per kg, up by 0.42 per cent, after opening at Rs 40,898, against a previous close of Rs 41,068. It touched the intra-day high of Rs 41,309 (At 16:46 PM).

RBI sets rupee reference rate at 66.8806 against dollar

17/03/2016 15:31

The Reserve Bank of India on March 17, 2016 fixed the reference rate of rupee for US dollar at 66.8806 against 67.3680 on March 16, 2016.

The central bank has set reference rate of rupee for the euro at 75.0735 against 74.7583 on Wednesday, RBI said in a notification.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted 95.1644 and 59.59 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee rate would be based on this rate, the statement added.