Page 20 - Rupee

RBI may have boosted forwards intervention to slow rupee fall, save reserve

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

Rupee hits fresh all-time low vs dollar as US rate hike worries deepen

Ends at 78.39/$1 as against 78.08 on Tuesday. Wednesday's closing level also marks new record intraday low for the rupee versus greenback

Rupee falls by 27 paise to new low of 78.40 against dollar as FIIs exit

Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 2,701.21 crore

Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA

The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March

Rupee falls 4 paise against US dollar in early trade tracking muted markets

The rupee depreciated 4 paise to 78.17 against the US dollar in opening trade on Wednesday, tracking a muted trend in the domestic equity market and a firm American dollar

Best of BS Opinion: Managing currency risks, no single-use plastic & more

Here are the top BS Opinion articles of the day

Rupee ends at record low as rebound in crude deepens CAD, inflation worries

Settles at 78.0825 to the dollar as against 77.9800 at 3:30 p.m. on Monday. The previous record closing low for the domestic currency was 78.0700 on June 17

BS Number Wise: RBI needs to strike the right balance as rupee falls

As the discussion shifts from internal to external factors, is the RBI being too conservative and could the rupee depreciate more?

Managing currency risks

Adjustment in the rupee exchange rate should not be delayed

How the Japanese Yen's troubles are bringing a smile to Maruti Suzuki

Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue

Rupee rises 12 paise to 77.93 against dollar as crude oil prices ease

The rupee strengthened by 12 paise to 77.93 against the US dollar in opening trade on Monday as easing crude oil prices supported the local unit

Further fall in rupee to hurt students taking loans to study abroad

The rupee has been depreciating sharply ever since tensions broke out between Russia and Ukraine in February

Rupee rises 5 paise to 78.05 against dollar amid foreign capital outflow

At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.10

Rupee at 80, 10-year IGB at 8%: The five bearish forecasts from UBS

The brokerage sees the yield on the 10-year India government bond (IGB) topping the 8 per cent mark before the end of the fiscal.

Rupee recovers from record low, rises 12 paise to 78.10 per US dollar

The rupee on Thursday recovered from its record low to close 12 paise higher at 78.10 against the American currency, tracking the overnight weakness of the dollar and falling crude oil prices.

India proposes settling Russia trade in rupees as purchases rise: Report

New Delhi plans to use about $2 billion equivalent of rupees deposited at Russia's state-controlled VTB Bank PJSC and Sberbank of Russia PJSC

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.

Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

The rupee plunged 13 paise to close at a fresh all-time low of 78.17 (provisional) against the US dollar on Wednesday, as a lacklustre trend in domestic equities and persistent foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04. "Expectation is that US central bank could raise rates by 50 bps. Hawkish comments could continue to keep the dollar supported at lower levels. Major crosses remained under pressure following broad gains in the dollar," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiya added, "We expect the USD-INR to trade with sideways and quote in the range of 77.70 and 78.40." The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.64 per cent to 104.84. Brent crude futures, the global oil benchmark, declined 1.07

Only 58% of global reserves are now in USD. Can the renminbi replace it?

While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia

Mkt rout deepens: Rupee breaches 78/$ for 1st time, Sensex falls 1,456 pts

Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data