Rupee rises 6 paise to 90.85 against US dollar in early trade.The rupee strengthened by 6 paise to 90.85 against the US dollar in early trade on Thursday, driven by a weaker greenback and FII inflows. Positive domestic equity market sentiment also supported the local unit, though rising crude oil prices and geopolitical uncertainties limited significant gains.
Rupee ends flat, NDF maturity-linked dollar bids blunt modest inflows.The Indian rupee ended nearly flat on Wednesday as dollar demand spurred by maturing contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian peers.
Softer dollar, modest inflows offer breathing room to Indian rupee.The Indian rupee held steady near 90.92 against the dollar, supported by a weaker greenback and foreign bank sales. Local stocks, particularly IT shares, rebounded, contributing to modest dollar inflows.
Indian rupee mired in narrow range; RBI defence blunts outflow-led pressure near 91.The Indian rupee is likely to remain confined to a narrow range on Wednesday, with the central bank's absorption of sizeable dollar outflows in the previous session reinforcing its defence of the 91 level.
Rupee slips on stock slump, NDF maturities; RBI intervention tempers hit.The Indian rupee closed modestly weaker on Tuesday, weighed down by a drop in local stocks and strong dollar demand from the non-deliverable forwards market, though losses were limited by central bank intervention.