MUMBAI (Reuters) – The rupee weakened on Friday, falling 1.3 percent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country’s external deficit.

The rupee found support from the central bank’s plan to ease hedging rules for exporters and importers, a move which is expected to increase supply of dollars.

MUMBAI, May 24 (Reuters) – The Indian rupee weakened on
Friday, falling 1.3 percent for the week, extending its losing
streak to a third successive week, hurt by concerns about a
possible pullback in global fund flows and the country’s
external deficit.

The rupee found support from the central bank’s plan to ease
hedging rules for exporters and importers, a move which is
expected to increase supply of dollars.

MUMBAI (Reuters) – The rupee recovered from a more than 8-1/2 month low hit earlier on Thursday, as exporters took advantage of a spike in the dollar to sell the greenback and on fears the central bank would intervene to stabilise the local currency.

The rupee still posted a fifth day of falls to mark its longest losing streak in over three months as worries about a potential pullback in the U.S. monetary stimulus programme and a weak manufacturing survey in China sparked a shift sway from riskier currencies.

MUMBAI, May 23 (Reuters) – The Indian rupee recovered from a
more than 8-1/2 month low hit earlier on Thursday, as exporters
took advantage of a spike in the dollar to sell the greenback
and on fears the central bank would intervene to stabilise the
local currency.

The rupee still posted a fifth day of falls to mark its
longest losing streak in over three months as worries about a
potential pullback in the U.S. monetary stimulus programme and a
weak manufacturing survey in China sparked a shift sway from
riskier currencies.

MUMBAI (Reuters) – The rupee fell for a fourth successive session on Wednesday to mark its longest losing streak in over three months, hurt by dollar demand from oil refiners and a late fall in equities.

The rupee’s fall comes despite strong foreign flows into stocks and debt markets this year, as concerns about the current account deficit have revived after data earlier this month showed a spike in the April trade deficit.

MUMBAI, May 22 (Reuters) – The Indian rupee fell for a
fourth successive session on Wednesday to mark its longest
losing streak in over three months, hurt by dollar demand from
oil refiners and a late fall in equities.

The rupee’s fall comes despite strong foreign flows into
stocks and debt markets this year, as concerns about the current
account deficit have revived after data earlier this month
showed a spike in the April trade deficit.

MUMBAI (Reuters) – The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.

The rupee has fallen 2.9 percent so far this month against the dollar, despite strong foreign inflows into debt and stock markets as the dollar gains against global currencies on worries about whether the U.S. monetary stimulus will continue.

MUMBAI, May 21 (Reuters) – The Indian rupee dropped to its
lowest in nearly six months on Tuesday, dragged by late falls in
local shares and import-related demand from a large private
company.

The rupee has fallen 2.9 percent so far this month against
the dollar, despite strong foreign inflows into debt and stock
markets as the dollar gains against global currencies on worries
about whether the U.S. monetary stimulus will continue.

MUMBAI (Reuters) – The rupee rose on Tuesday, snapping three sessions of losses, as rumoured inflows related to a corporate deal helped offset dollar demand for defence-related purchases.

Dealers cited heavy dollar selling by a clutch of foreign banks which they said was likely related to Qatar’s purchase of a 5 percent stake in Indian telecoms company Bharti Airtel Ltd (BRTI.NS: Quote, Profile, Research) for $1.26 billion.

MUMBAI, May 7 (Reuters) – The Indian rupee rose on Tuesday,
snapping three sessions of losses, as rumoured inflows related
to a corporate deal helped offset dollar demand for
defence-related purchases.

Dealers cited heavy dollar selling by a clutch of foreign
banks which they said was likely related to Qatar’s purchase of
a 5 percent stake in Indian telecoms company Bharti Airtel Ltd
for $1.26 billion.