Page 26 - Indian Rupee

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion

Rupee falls 12 paise to 79.25 against dollar amid foreign fund outflows

At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise from the last close

Rupee's slide to successive record lows pits RBI against mkt full of bears

The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses

Rupee resumes slide, tumbles 19 paise to 79.13 against US dollar

Resuming its slide after a day's pause, the rupee declined 19 paise to close at 79.13 against the US dollar on Thursday

Rupee falls 19 paise to 79.13 against US dollar over Fed's hawkish outlook

The rupee declined 19 paise to close at 79.13 (provisional) against the US dollar on Thursday, as the hawkish stance of the US Federal Reserve increased the possibility of another aggressive rate hike this month. At the interbank foreign exchange market, the local currency opened at 79.05 and finally ended at 79.13, down 19 paise over its previous close. On Wednesday, the rupee closed at 78.94. "Rupee opened on a flat note but started to come under pressure despite measures announced by the RBI," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. The RBI on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows in efforts to curb the fall of the rupee. The central bank had also said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its ...

Rupee falls 12 paise to 79.06 against dollar amid fears of Fed rate hike

On Wednesday, the rupee closed at 78.94 against the US dollar

Rupee springs back 39 paise to close at 78.94 against US dollar

The rupee sprung back 39 paise its best single-day gain in over three months to close at 78.94 against the US currency on Wednesday after a sharp correction in crude oil

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

Rupee rises 3 paise to close at 79.30 against USD as oil prices fall

The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows.

Rupee slips 41 paise to 79.36; dollar index surges to 2-decade high

Rupee may sink to 82 against dollar in Q3, high trade deficits will be the norm now, says Nomura

Market litmus turns red as shares erase gains; rupees hits fresh record low

The NSE Nifty50 Index ended down 0.15 per cent at 15,810.85, while the S&P BSE Sensex dropped 0.2 per cent to 53,134.35

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

Rupee falls 9 paise to 79.04 against dollar amid foreign fund outflows

The rupee depreciated 9 paise to 79.04 against the dollar in opening trade on Tuesday, weighed down by persistent foreign funds outflows

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June

India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion

RBI should intervene less, let rupee depreciate gradually: D Subbarao

In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually risen against some other hard currencies

India's record $25.6-bn trade deficit in June adds pressure on rupee

Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets

Rupee recoups early losses to close almost flat at 78.95 against dollar

The rupee paired its early losses to close almost flat at 78.95 against the US dollar on Monday due to weakness in the greenback, lower crude oil prices and gains in the local stock markets. At the interbank forex market, the local unit opened lower at 78.97 against the greenback and fell to an intra-day low of 79.06. It finally settled at 78.95, down by 1 paisa from its previous close of 78.94. "Forex markets witnessed relatively less movement than usual as US markets remained closed on account of Independence Day. Nevertheless, the rupee outperformed regional currencies today after last week's worst performance on the back of capital outflows and worry over the twin deficit," said Dilip Parmar, Research Analyst, HDFC Securities. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services said that the rupee consolidated in a narrow range and market participants remained on the sidelines as the US market was shut on account of the Independence day holiday. "Euro ...

Rupee depreciates 9 paise to 79.03 against dollar in early trade

The rupee depreciated 9 paise to 79.03 against the dollar in opening trade on Monday, as persistent foreign funds outflows weighed on investor sentiments

Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines

Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week