Subhadip's Feed
Oct 24, 2013

Rupee gains for 2nd day; tails equity market moves

MUMBAI (Reuters) – The rupee extended gains for a second session on Thursday, largely mirroring equity moves in a subdued trading session, with the focus gradually shifting to the central bank’s rate meeting next week.

The currency gained early, rising to 61.355 to a dollar, on the back of strong gains in local shares which breached the key 21,000 mark for the first time in nearly three years.

Oct 24, 2013

Indian rupee gains for 2nd day; tails equity market moves

MUMBAI, Oct 24 (Reuters) – The Indian rupee extended gains
for a second session on Thursday, largely mirroring equity moves
in a subdued trading session, with the focus gradually shifting
to the central bank’s rate meeting next week.

The currency gained early, rising to 61.355 to a dollar, on
the back of strong gains in local shares which breached the key
21,000 mark for the first time in nearly three years.

Oct 23, 2013

Rupee snaps 3 days of losses; month-end dollar demand curbs gains

MUMBAI (Reuters) – The rupee rose on Wednesday, but gave up most gains on the back of strong dollar demand from state-run banks intended to be channelled to pay the government’s defence payment requirements and concerns about tighter monetary policy in China.

Dollar demand from a large petrochemical company also kept the rupee’s gains in check, after the partially convertible currency had tracked gains in other emerging market currencies in the morning after worse-than-expected U.S. monthly jobs data.

Oct 23, 2013

Indian rupee snaps 3 days of losses; month-end dollar demand curbs gains

MUMBAI, Oct 23 (Reuters) – The Indian rupee rose on
Wednesday, but gave up most gains on the back of strong dollar
demand from state-run banks intended to be channelled to pay the
government’s defence payment requirements and concerns about
tighter monetary policy in China.

Dollar demand from a large petrochemical company also kept
the rupee’s gains in check, after the partially convertible
currency had tracked gains in other emerging market currencies
in the morning after worse-than-expected U.S. monthly jobs data.

Oct 22, 2013

Rupee falls for third day, near one-week low

MUMBAI (Reuters) – The rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of U.S. nonfarm payroll data.

A private chemical firm bought around $200 million early in the session and state-run banks bought dollars for meeting the government’s defence payments, dealers said.

Oct 22, 2013

Indian rupee falls to near 1-week low ahead of U.S. nonfarm payroll data

MUMBAI, Oct 22 (Reuters) – The Indian rupee fell to a near
one-week low on Tuesday, extending losses for a third session,
on month-end dollar demand from importers amid cautious trading
ahead of U.S. nonfarm payroll data.

A private chemical firm bought around $200 million early in
the session and state-run banks bought dollars for meeting the
government’s defence payments, dealers said.

Oct 21, 2013

Rupee falls for 2nd day; fund flows provide support

MUMBAI (Reuters) – The rupee fell for a second session on Monday on dollar demand from private oil firms with the currency finding some support from continued strong inflows into local stocks.

A large private oil company was a major dollar buyer in early session, dealers said, pulling the rupee further away from an over two-month high hit on Friday.

Oct 21, 2013

India rupee falls for 2nd day; fund flows provide support

MUMBAI, Oct 21 (Reuters) – The Indian rupee fell for a
second session on Monday on dollar demand from private oil firms
with the currency finding some support from continued strong
inflows into local stocks.

A large private oil company was a major dollar buyer in
early session, dealers said, pulling the rupee further away from
an over two-month high hit on Friday.

Oct 4, 2013

Rupee near 2-month high on inflows, global dollar weakness

MUMBAI (Reuters) – The rupee rose to a near two-month high on Friday, ending the week with 1.8 percent gains, as the dollar struggled against global currencies due to the continued political impasse that has shut down the U.S. government.

The rupee has remained broadly supported by inflows and the absence of dollar demand from the state-run oil refiners, while companies and foreign funds have sold the weakening greenback.

Oct 4, 2013

Indian rupee near 2-month high on inflows, global dollar weakness

MUMBAI, Oct 4 (Reuters) – The Indian rupee rose to a near
two-month high on Friday, ending the week with 1.8 percent
gains, as the dollar struggled against global currencies due to
the continued political impasse that has shut down the U.S.
government.

The rupee has remained broadly supported by inflows and the
absence of dollar demand from the state-run oil refiners, while
companies and foreign funds have sold the weakening greenback.