Dollar rupees

By Sethuraman N R BENGALURU, June 14 (Reuters) - The Indian rupee hit a fresh high on Wednesday, but traders were holding off positional moves ahead of the U.S. Federal Reserve rate decision due later in the day. The rupee INR= was trading at 82.2875 to the dollar by 10:57 a.m. IST, after closing at 82.3675 in the previous session. The domestic currency hit its highest since June 2 at 82.2725. The U.S. inflation data on Tuesday reaffirmed views that the Federal Reserve will likely keep interest rates unchanged in June. There is some weakness in the dollar index, but there would not be much action before the Fed's decision even though the USD/INR pair is more "tilted towards left," a forex trader with a private bank said. Post the CPI data, the odds of a Fed rate hike in June have fallen to 8% from 25% on Tuesday. The dollar index =USD hovered close to an over three-week low hit on Tuesday, while the two-year U.S. yield dropped slightly in Asia after rising to its highest since March 10. Most of the Asian currencies were weak, while the risk sentiment was buoyed by expectations of a Fed rate pause. Meanwhile, the USD/INR broke a technical support at 82.30. The pair is eyeing another minor support at 82.25 even though indicators pointed towards weaker momentum, said Dilip Parmar, research analyst at HDFC Securities. The rupee forward premiums declined with the 1-year implied yield down to 1.72%. Reuters, the news and media division of Thomson Reuters, is the world’s largest ...

US dollar to Indian Rupee exchange rate. Check live USD to INR exchange rates chart, history US dollar to Indian Rupee exchange rates data in charts and detailed tables. Accurate exchange rates updates in live mode, so all information are fresh. Below you'll find both exchange rates USD/INR and inverse INR/USD. If you want to convert the values of each currency, it's very comfortable to use real time USD to INR converter aside. In USD/INR chart you can do analysis and make some decisions: keep, sell or buy your wanted currency. In this page you'll also find basic information about US dollar and Indian Rupee currency, banknotes and their coins. Don't forget, if you have any questions about US dollar or Indian Rupee exchange rates, currencies future, denominations of banknotes validity - just ask or read already answered questions at the bottom of this page. USD to INR exchange rate is published here and is very accurate, updating 24/7 with live exchange rates. Conversion of 1 usd to inr displayed in three ways: 1 usd to inr exchange rate, usd to inr converter and usd to inr live and history chart. Also you can see United States Dollar to Indian Rupee and Indian Rupee to United States Dollar prepared conversions. Convert 1 USD to INR, but you can you go to full

Mumbai, Jun 14 (PTI) The rupee gained 15 paise to settle at 82.10 against the US dollar on Wednesday, helped by robust macro fundamentals, FII inflows and a weak greenback against major rivals overseas. At the interbank foreign exchange market, the local unit opened at 82.28 against the US dollar and settled at 82.10, up 15 paise over its previous close amid a positive trend in domestic equities. During the day, the domestic unit witnessed an intra-day high of 82.08 and a low of 82.32. On Tuesday, the rupee closed at 82.25 against the US currency. “The Indian rupee rose to a one-month high on reports of corporate inflows and positive domestic equities,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. Choudhary further added that the weak US dollar also supported the rupee while some recovery in crude oil prices capped sharp gains. The US dollar declined on rising expectations of a pause in rate hikes by the US Federal Reserve. “We expect the rupee to trade with a positive bias on weakness in the dollar and expectations of a no rate hike by the US Federal Reserve. “A rise in risk appetite in global markets may also support the rupee. However, a positive tone in crude oil prices may cap a sharp upside. We expect the USD/INR spot to trade between 81.60 to 82.50 in the near term,” Choudhary added. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.18 per cent to 103.15. Meanwhile, global oil benchmark Brent cr...

Mumbai, Jun 14 (PTI) The rupee depreciated 4 paise to 82.29 against the US dollar in early trade on Wednesday amid a muted trend in domestic equities. Forex traders said the rupee is trading in a narrow range as investors are awaiting cues from the US FED interest rate decision later in the day. At the interbank foreign exchange, the domestic unit opened at 82.28, then fell to 82.29, registering a decline of 4 paise over its last close. On Tuesday, the rupee settled at 82.25 against the dollar. Factors supporting the appreciation bias in the rupee include robust fundamentals, sustained FII inflows, and the weakening of the dollar index, CR Forex Advisors MD Amit Pabari said. Pabari further noted that the potential for gains may be limited by the depreciation of the Chinese currency, as China's economic slowdown prompts its central bank to consider a rate cut. "All in all, the USDINR exchange rate is expected to remain within the range of 81.80-82.80. Importers are advised to hedge against any declines near 82-81.80 levels, while exporters should wait for any pullback towards 82.50-60 levels before taking action," Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 103.28. Brent crude futures, the global oil benchmark, rose 0.08 per cent to USD 74.35 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 23.73 points or 0.04 per cent lower at 63,119.43. The broader NSE Nifty a...