Rupee falls to new low of 91.96 per dollar due to sustained FPI outflow

The rupee fell to a new low of 91.96 per dollar on Friday due to sustained foreign outflows coupled with dollar demand among importers, dealers said. The local currency was the worst-performing Asian currency on Friday, with a depreciation of 0.36 per cent. It had settled at 91.62 per dollar on Thursday

“We might see the rupee breaching 93 per dollar soon because of FPI outflows and dollar demand from importers,” said a dealer at a state-owned bank. “The RBI has been intervening in both the forwards and spot markets, but in small amounts,” he added. 

Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows. At the same time, continued FII outflows, selling in equity markets and a widening current account deficit are putting pressure on the rupee.  

 

Bank Fixed Deposit Rates
Bank Name	Interest Rates (p.a.)
	Highest slab		1-year	3-year	5-year
	%	Tenure
SMALL FINANCE BANKS
AU Small Finance Bank	7.10	30 months 1 day to 36 months	6.35	7.10	6.75
Equitas Small Finance Bank	7.30	888 days	7.00	7.00	7.00
ESAF Small Finance Bank	7.60	444 days	4.75	6.00	5.75
Jana Small Finance Bank	7.77	Above 3 years to 5 years	7.00	7.50	7.77
Shivalik Small Finance Bank	7.50	21 months 1 day to 22 months	6.00	6.75	6.25
slice Small Finance Bank	7.75	18 months 1 day to 18 months 2 days	6.25	7.50	7.00
Suryoday Small Finance Bank	8.00	5 years	7.25	7.25	8.00
Ujjivan Small Finance Bank	7.45	2 years	7.25	7.20	7.20
Utkarsh Small Finance Bank	7.50	2 years to 3 years	6.00	7.50	7.00
PRIVATE SECTOR BANKS
Axis Bank	6.45	15 months to 10 years	6.25	6.45	6.45
Bandhan Bank	7.20	2 years to less than 3 years	7.00	7.00	5.85
City Union Bank	7.00	500 days	6.80	6.50	6.25
CSB Bank	7.00	13 months	5.00	5.75	5.75
DBS Bank	6.60	376 days to 600 days	6.30	6.40	6.25
DCB Bank	7.15	60 months to 61 months	6.90	7.00	7.15
Federal Bank	6.75	36 months	6.25	6.75	6.40
HDFC Bank	6.45	18 months to 3 years	6.25	6.45	6.40
ICICI Bank	6.50	3 years 1 day to 10 years	6.25	6.45	6.50
IDFC FIRST Bank	7.00	450 days to 5 years	6.30	7.00	7.00
IndusInd Bank	7.00	1 year 6 months to less than 1 year 7 months	6.75	6.90	6.65
Jammu & Kashmir Bank	7.00	888 days	6.50	6.65	6.60
IDBI Bank	6.50	700 days - Utsav FD	6.20	6.35	6.25
Karnataka Bank	6.65	555 days	6.50	6.15	6.15
Kotak Mahindra Bank	6.70	15 months to less than 2 years	6.50	6.40	6.25
RBL Bank	7.20	18 months to 3 years	7.00	7.20	6.70
SBM Bank India	7.10	Above 15 months to 3 years 2 days	7.00	7.10	7.00
South Indian Bank	6.60	2 years	6.35	6.20	5.70
Tamilnad Mercantile Bank	7.10	456 days (TMB456)	6.80	6.60	6.60
YES Bank	7.00	18 months 1 day to less than 5 years	6.65	7.00	6.75
PUBLIC SECTOR BANKS
Bank of Baroda	6.45	444 days – BoB Square Drive Deposit Scheme	6.10	6.25	6.30
Bank of India	6.70	450 days - Star Swarnim	6.25	6.25	6.00
Bank of Maharashtra	6.65	400 days	6.20	5.25	5.00
Canara Bank	6.50	555 days	6.25	6.25	6.25
Central Bank of India	6.50	2222 days; 3333 days	6.20