Page 3 - Currency Market

How rupee shrugged off the fragile tag and outperformed despite shocks

The domestic currency has fared better than many of its emerging market peers

Managing currency risks

Adjustment in the rupee exchange rate should not be delayed

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

Currency turmoil risks undermining India's debut sovereign green bond

The currency has slumped more than 45 this year amid concern the RBI is behind the curve in tackling inflation, with elevated crude oil prices adding to pressures on the net

Rupee hits another all-time low of 77.56/$ amid high crude oil prices

Market participants said the Reserve Bank of India (RBI) intervened in the currency market, which slowed the pace of depreciation. An upswing in the domestic equity markets also helped the currency.

Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown

Amid the COVID-19 induced slowdown, the Chinese economy faces twin challenges of the shrinking job market and an aging population, according to a report

Rupee hits all-time low; foreign exchange reserves below $600 billion

Double-digit BoP deficit seen in FY23, says Standard Chartered

Rupee surges 29 paise to 76.11 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 102.55.

US Dollar just off 20-year highs, rally hinges on Fed signals

Money markets are betting the Fed will raise rates as high as 3.6% by end-2023 to tame inflation at 40-year highs.

Rupee surges 8 paise to 76.40 against US dollar in early trade

The forex market was closed on Tuesday on account of Id-Ul-Fitr.

Dollar on track for best month since 2015

The dollar hit a 20-year high against the yen on Thursday, as the Japanese currency was hurt by dovish Bank of Japan policy

Rupee gains 14 paise to 75.79 against US dollar in early trade

On Friday, the rupee appreciated 10 paise to settle at 75.93 against the US dollar.

Rupee declines 47 paise to 75.76 against US dollar in early trade

Snapping its 3-day winning streak, rupee fell 47 paise to close at 75.76 against US dollar on Wednesday, tracking a strong American currency in overseas market and negative trend in domestic equities

Russia central bank eases some curbs on transferring money abroad

Western sanctions imposed on Russia have limited the central bank's ability to support the rouble.

Rupee recovers 16 paise to end at 75.74; logs over 3% loss in FY22

At the interbank forex market, the local unit opened at 75.67 against the greenback and witnessed an intra-day high of 75.66 and a low of 75.83

Rupee-rouble trade should be at a rate reflecting India's economic strength

If India and Russia can work out a mutually acceptable exchange rate, bilateral rupee-rouble trade will be beneficial to India.

A strong case for a weaker rupee

If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment

Dollar firms on hawkish Fed remarks, yen hits lowest since 2015

Equity markets were volatile, struggling to make gains in the Asian session, after more hawkish comments from the U.S. Federal Reserve made investors more cautious

Rupee pares losses to settle flat at 76.18 against US dollar

At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18

Dollar dips, yen near six-year lows as Russia-Ukraine crisis intensifies

The dollar index, which measures the greenback against six peers, dipped 0.1% to 98.222