Forex

The local unit recovered from lows following gains in equities and the US dollar reversing its three-day rise in overseas markets

The rupee depreciated in line with other Asian currencies.

On a weekly basis, the INR has appreciated by 67 paise against the US dollar.

Dollar index falls a shade to 92.39

It snaps a 4-day winning streak on muted domestic equities and a strengthening greenback overseas.

The Indian unit is likely to advance towards 72.30 in the short term

A strong rally in the domestic equity markets and a weak American currency in the overseas markets support the rupee sentiment.

A rally in domestic equities and a weak American currency overseas supported the rupee

Gives back gains at end of week on Fed indicating tapering of stimulus

The Indian unit was supported by foreign fund inflows

On Wednesday, the rupee had settled at 74.24 against the US dollar.

Dollar index up marginally at 93.04

INR appreciates tracking a strong rally in the domestic equities and weak American currency overseas.

Gold reserves value has dropped to $36.336 billion for the second consecutive week.

Forex outflows too impacted the local unit.

Data by the Ministry of Commerce shows that the WPI eased to 11.16% in July

The domestic unit tracked gains in Asian peers against the greenback

Dollar index trades 0.06 per cent higher at 92.68

‘The spillover between onshore and offshore forex markets is bidirectional during normal periods, but turns unidirectional from offshore to onshore during episodes of intensified global risks’

Fresh foreign fund inflows also supported the domestic unit

Dollar index little changed at 92.890

The dollar index advanced 0.11 per cent to 93.16.

High inflation reading could pressure Fed to wind back policy support.

Dollar index up a shade at 92.98