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Rupee- daily snapshot

Published: 12th November 2013 12:18 PM  |   Last Updated: 25th November 2013 10:48 AM   |  A+A-

rupee AP

Market update on 25-11-2013

The partially convertible rupee stronger at 62.48/50 versus its previous close of 62.87/88, helped by gains in local shares.

Market update on 20-11-2013

The rupee falls to 62.41/43 versus its Tuesday close of 62.36/37, on demand for greenbacks by state-run oil refiners and weakness in domestic shares. 

Market closing on 19-11-2013

The rupee rose for a fourth straight session to a near two-week high on strong foreign inflows into stocks and as global risk sentiment was boosted after China's central bank governor said the yuan's trading band will be widened. It closed at 62.36/37 versus its Monday close of 62.41/42. 

Market update on 19-11-2013

The Indian rupee is stronger on regional cues and positive local stocks at 62.25/26 versus its Monday close of 62.41/42. Markets will watch for minutes of the Fed's Oct. 29-30 meeting due Wednesday and a string of speeches from Fed officials including Chairman Ben Bernanke, who is due to speak on Tuesday.

Market update on 18-11-2013

The partially convertible rupee at 62.88/89 per dollar from 63.11/12 after dovish comments last week from Fed Chairman-nominee Janet Yellen assure markets there will be no imminent decision to scale back the Fed's massive bond-buying programme.

Market closing on 14-11-2013

The partially convertible rupee closed at 63.11/12 per dollar, against its previous close of 63.30/31 per dollar after the central bank intervened to prop up a currency wounded after data showing accelerating wholesale inflation threatened to further undermine confidence in an economy already growing at its lowest in a decade.

Market update on 14-11-2013

The Indian rupee gained past 63 per dollar after comments from the central bank chief about dollar demand from oil companies being smoothly absorbed by the forex market and on easing fears of near-term tapering by the U.S. Federal Reserve. The partially convertible rupee was at 63.134/145 per dollar, against its previous close of 63.30/31 per dollar.

Market closing on 13-11-2013

The partially convertible rupee ended up at 63.30/31 per dollar compared its previous close of 63.71/72, after five sessions of losses.

Morning update on 13-11-2013

The partially convertible rupee weaker at 63.77/78 per dollar compared with its previous close of 63.71/72 on the back of high consumer inflation that quickened more than expected to 10.09 percent in October. The high inflation has increased expectation of further tightening of monetary policy by the central bank.

Market closing on 12-11-2013

The partially convertible rupee ended weaker at 63.71/72 per dollar compared with its previous close of 63.24/25 on back of continuous greenback demand from importers amidst a strengthening U.S. currency in global markets.

Morning update on 12-11-2013

The partially convertible rupee weaker at 63.45/46 per dollar compared with its previous close of 63.24/25, ahead of upcoming macroeconomic data due at 1730 India time (1200 GMT). Dollar demand from the custodian banks adds to weakness in rupee.

Market closing on 11-11-2013

The partially convertible rupee ended weaker at 63.24/25 per dollar compared with its previous close of 62.475/485, on fears the Federal Reserve would start winding down its stimulus this year, although central bank intervention and soothing trade deficit data pulled the currency off its lows.