MUMBAI (Reuters) – The rupee rose on Thursday, posting its biggest gain in two weeks after a sharp recovery in the euro and hopes of more monetary easing by the Federal Reserve spurred dollar selling from companies with long positions.

Global risk assets rose sharply after European Central Bank President Mario Draghi pledged to do whatever necessary to preserve the euro, including acting to lower high government borrowing costs.

MUMBAI, July 26 (Reuters) – The Indian rupee rose on
Thursday, posting its biggest gain in two weeks after a sharp
recovery in the euro and hopes of more monetary easing by the
Federal Reserve spurred dollar selling from companies with long
positions.

Global risk assets rose sharply after European Central Bank
President Mario Draghi pledged to do whatever necessary to
preserve the euro, including acting to lower high government
borrowing costs.

MUMBAI (Reuters) – The rupee fell for a fourth successive session on Wednesday on growing worries of a government dithering despite mounting fiscal and economic challenges, although a late recovery in the euro helped offset most losses.

A senior oil ministry official told reporters on Wednesday a hike in fuel prices was unlikely before September, denting hopes the government would push for policy reforms in the window between presidential elections last week and the start of parliament’s monsoon session in early August.

MUMBAI, July 25 (Reuters) – The Indian rupee fell for a
fourth successive session on Wednesday on growing worries of a
government dithering despite mounting fiscal and economic
challenges, although a late recovery in the euro helped offset
most losses.

A senior oil ministry official told reporters on Wednesday a
hike in fuel prices was unlikely before September, denting hopes
the government would push for policy reforms in the window
between presidential elections last week and the start of
parliament’s monsoon session in early August.

MUMBAI (Reuters) – The rupee fell on Tuesday to its lowest this month, as worries about the euro zone crisis continues to hit global risk assets such as the euro, while investors grow warier after still waiting for government word on policy reforms.

Dollar sales from a telecoms company helped the rupee earlier in the session, but otherwise the local currency traded within a range, reacting mainly to euro movements given the absence of any domestic policy triggers.

MUMBAI, July 24 (Reuters) – The Indian rupee fell on Tuesday
to its lowest this month, as worries about the euro zone crisis
continues to hit global risk assets such as the euro, while
investors grow warier after still waiting for government word on
policy reforms.

Dollar sales from a telecoms company helped the rupee
earlier in the session, but otherwise the local currency traded
within a range, reacting mainly to euro movements given the
absence of any domestic policy triggers.

MUMBAI (Reuters) – The rupee on Monday fell the most in a month as risk assets got pummelled, sending the euro sharply lower against multiple currencies, although the local unit found support from large dollar sales by a petrochemical company.

Fears Spain will have to seek a full sovereign bailout, coupled with mounting worries that Greece may leave the euro, sent the euro sliding to a two-year low against the dollar and a near 12-year trough against the yen on Monday.

MUMBAI, July 23 (Reuters) – The Indian rupee on Monday fell
the most in a month as risk assets got pummelled, sending the
euro sharply lower against multiple currencies, although the
local unit found support from large dollar sales by a
petrochemical company.

Fears Spain will have to seek a full sovereign bailout,
coupled with mounting worries that Greece may leave the euro,
sent the euro sliding to a two-year low against the dollar and a
near 12-year trough against the yen on Monday.

MUMBAI (Reuters) – The rupee fell on Friday, snapping three successive weeks of gains, as risk aversion pummeled global risk assets such as the euro, though buying of the local unit ahead of an auction of debt limits to foreign investors kept losses in check.

The rupee accelerated losses in the afternoon session as the euro slumped, victim of a steady stream of negative news from the euro zone, including that Spain’s Valencia region would seek central government help to repay debt.

MUMBAI, July 20 (Reuters) – The Indian rupee fell on Friday,
snapping three successive weeks of gains, as risk aversion
pummeled global risk assets such as the euro, though buying of
the local unit ahead of an auction of debt limits to foreign
investors kept losses in check.

The rupee accelerated losses in the afternoon session as the
euro slumped, victim of a steady stream of negative news
from the euro zone, including that Spain’s Valencia region would
seek central government help to repay debt.