Page 33 - Indian Rupee

Myanmar to initiate rupee convertibility for trade along Indian border

Myanmar intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India.

Sanctions on Russia an opportunity to internationalise rupee: SBI report

'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.

Rupee pares initial gains, settles 18 paise lower at 76.61 against dollar

The rupee pared its initial gains and settled 18 paise lower at 76.61 (provisional) against the US currency on Friday amid dollar demand from oil importers and state-run power companies.

Rupee gains against the dollar for the third consecutive session

The Indian currency appreciated 0.34 per cent against the dollar on Thursday as it closed at 76.31/$ as compared to the previous close of 76.56/$.

Rupee advances 22 paise to 76.78 against US dollar in early trade

The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets.

Cash dominates India playbooks as markets recoil from oil price shock

Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds

Rupee inches 5 paise higher; bond yield tests 6.9%

Bond yields, on the other hand, remained elevated as crude oil prices hovered around $130 barrel.

Foreign portfolio investors accelerate selling as oil prices shoot up

Further selling could test domestic investors' nerves: Analysts

Strong currency will always be good for exports, says Piyush Goyal

A strong currency reflects the strength of a nation and will support exports, contrary to the general notion that a weak currency supports exports, said Piyush Goyal

Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low

The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar

Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis

The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday as intensifying geopolitical risks

Rupee sinks to record low with stocks as Ukraine crisis boosts oil

The Indian rupee tumbled to a record low along with stocks and bonds as a spike in oil prices spurred by the war in Ukraine threatened to inflate the nation's oil-import bill

Inflationary fears: Rupee hits record low at over 77 against Dollar

High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar

Top headlines: Rupee heading for all-time low, food inflation set to worsen

Business Standard brings you the top headlines this morning.

Rupee down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis

At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets

Rupee hits 10-week low as Ukraine crisis grows; RBI in focus

Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine

Rupee slips 15 paise to close at 75.95 to the dollar amid oil surge

At the interbank foreign exchange market, the rupee opened strong at 75.76 against the American dollar but soon entered the negative territory as investors turned towards safe-haven assets

Indian trade, current account deficit seen widening, rupee under pressure

India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows

Top headlines: India abstains on UN resolution, rupee-ruble trade likely

The government may get a lever to cut excise duties on petrol and diesel to ease the burden of rising global crude prices on the common man. More on that in our top headlines.

Rupee down 44 paise, closes at 75.77 against USD amid geopolitical tensions

At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86