However, rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure on the domestic currency, forex traders said.
Indian rupee gains 3 paise to 77.52 against US dollar in early trade
Sell EURINR; target of : 82.70: ICICI Direct
ICICI Direct, The Euro depreciated by 0.43% yesterday amid strong dollar and disappointing economic data from Germany.
Rupee edges up 3 paise to close at 77.54 against US dollar
At the interbank forex market, the rupee opened higher at 77.54 against the greenback and moved in a range of 77.44 to 77.57 in the day trade.
Rupee gains 5 paise to 77.52 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 77.54 against the American dollar, then gained some more ground to quote 77.52, registering a rise of 5 paise over the previous close.
Sell GBPINR; target of : 96.90: ICICI Direct
ICICI Direct, The pound depreciated by 0.37% yesterday amid risk aversion in the global markets and disappointing economic data from Britain.
Rupee slips 4 paise to close at 77.59 against US dollar
At the interbank foreign exchange market, the rupee opened lower at 77.56 against the greenback, and finally settled at 77.59, down 4 paise over its previous close.
Sell USDINR; target of : 77.46: ICICI Direct
ICICI Direct, The US dollar slipped from its multiyear high amid profit taking. Further, investors turned hopeful that loosening lockdowns in China can help global growth.
Rupee recovers from record lows to end 15 paise higher at 77.55/USD
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar.
Indian rupee rises 4 paise to 77.66 against US dollar in early trade
However, unabated foreign fund outflows and surging crude prices in the international markets restricted the rupee#39;s gain, forex dealers said.
Bond prices and rupee fall as fuel tax cut sparks fiscal slippage worries
According to Barclays, tax cuts on motor fuels, cooking gas subsidies and duty cuts on imports could ease prices but widen fiscal deficit to 6.9% of GDP, significantly overshooting budgetary estimates of 6.4%.