Asia shares seek calm as Wall Street ekes out gains; bonds rally, oil bounces back, dollar rush causes stress
The dollar’s surge is a nightmare for the many countries and companies that have borrowed heavily in the dollar, leading to yet more selling of emerging market currencies in a negative feedback loop.
Starting off on a bullish note, the rupee surged to a high of 71.36 per dollar during the day before settling at 71.55, clocking a gain of 16 paise.
Rupee snaps 4-day losing streak; settles 15 paise up at 68.89 after recovery in domestic equity market
At the interbank foreign exchange market, the rupee opened lower at 69.12, and shuttled between a high of 68.85 and a low of 69.14 during the day.
Rupee gains 15 paise to 68.51 on late selling of dollar by banks, importers; rising oil prices restrict local currency's rise
The rupee resumed almost flat at 68.65 per dollar as against the last closing level of 68.66 at the Interbank Foreign Exchange market.
Rupee gains 39 paise to 68.50 ahead of Budget; lower oil prices, stronger domestic equity markets support domestic currency
At the interbank foreign exchange market, the rupee opened at 68.86 per dollar and advanced to a high of 68.49 during the day.
Rupee seen facing more punishment weighed down by political uncertainty, but no new record low: Report
The rupee’s path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India’s policy.
Rupee at 2-week high, gains 53 paise at Rs 71.84 in early trade on increased selling of dollars by exporters, banks
the rupee had gained 61 paise, notching up its best single-day gain since March 2017 to close at 72.37 against the US currency supported by heavy dollar selling by banks and weakness in the greenback in global markets.
RBI may breathe easy on spill-over effect