Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
Forex traders await cues on RBI's intervention strategy post the recent slump in rupee
While the problems in currency markets right now are in many ways reminiscent of the 1980s, the solutions are unlikely to be
Suffers steepest one-day fall since Ukraine war; poll shows rupee at 81 by Dec
Petroleum, fertiliser imports to become expensive, subsidy bill set to rise
In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure
According to an analysis done by FIEO, the rupee has depreciated by 8.1 per cent till September 7, 2022 since the same point last year
The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session
The comments come against the backdrop of aggressive rate hikes from the US Federal Reserve, which raised rates by 75 basis points overnight, vowing to battle to beat down inflation.
The Indian rupee is likely to fall further after hitting a record low to the dollar on Thursday as the U.S. Federal Reserve hinted at more aggressive rate hikes to tame inflation
Putin's call for partial mobilisation hits risk appetite in currency market
The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards
India has stepped up its purchase of cheaper Russian crude despite international opposition and sanctions. New Delhi is looking to settle this trade in rupees to continue with its purchases
The rupee weakened versus the dollar as the market braced for a possible 100-basis-point rate hike by the Federal Reserve next week following a higher-than-expected inflation print in the US
Use current correction to build a 10-15% allocation to yellow metal
The rupee witnessed a range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish US Fed offset the support from positive domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.53 against the dollar, then touched 79.47 in initial deals, registering a gain of 5 paise over its previous close. On Wednesday, the rupee declined by 35 paise to close at 79.52 against the US currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 109.72. Brent crude futures, the global oil benchmark, fell 0.11 per cent to USD 94 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 275.51 points or 0.46 per cent up at 60,622.48. Similarly, the broader NSE Nifty rose 36.15 points or 0.2 per cent to 18,039.90. Foreign Institutional Investors (FIIs) were net sellers in the capital markets, as they offloaded shares worth Rs 1,397.51 crore on ...
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond