Page 23 - Rupee
Rupee plunges by 34 paise as crude oil prices surge past $110/barrel
The rupee slumped by 34 paise to close at 76.18 against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. Expectations of aggressive rate hikes by the US Federal Reserve to control inflation also weighed on the local unit. At the interbank foreign exchange market, the rupee opened lower at 76.08 against the American currency, later lost further ground to settle at 76.18, down 34 paise from the previous close. On Thursday, the rupee spurted by 37 paise to close at 75.84 against the US dollar. The forex market was closed on Friday on account of Holi. "The dollar is in rally mode as markets expect an even more hawkish Federal Reserve moving forward. Weakness in domestic equities and higher crude oil prices also weighed on the local unit," said Dilip Parmar, Research Analyst, HDFC Securities. Crude oil prices jumped 3.47 per cent to USD 111.68 per barrel after reports that European countries would also conside
 "Rupee plunges by 34 paise as crude oil prices surge past $110/barrel")
Elevated commodity prices expected to keep pressure on the rupee
The Indian rupee is expected to remain under pressure exerted by high commodity prices.
 "Elevated commodity prices expected to keep pressure on the rupee")
Rupee stages strong comeback after hitting an all-time low on March 7
The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves
 "Rupee stages strong comeback after hitting an all-time low on March 7")
Rupee to depreciate to 77.5 by March 2023, says Crisil Ratings: Here's why
According to Crisil Ratings, the domestic currency is likely to settle at 76.5 against the American currency in March 2022
Rupee falls 11 paise to close at 76.55 against US dollar
The rupee declined by 11 paise to close at 76.55 (provisional) against the US dollar on Monday amid moderating crude oil prices and foreign fund outflows.
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 advances 16 paise to 76.27 against US dollar in early trade
The rupee advanced 16 paise to 76.27 against the US dollar in the opening trade on Friday, supported by positive domestic equities and a pullback in crude oil prices.
 "Rupee advances 16 paise to 76.27 against US dollar in early trade")
Rupee rebounds 44 paise to 76.56 against dollar as oil prices retreat
Brent crude futures, the global oil benchmark, were trading 1.88 per cent lower at USD 125.57 per barrel
Managing the rupee
An orderly adjustment would be healthy
 "Managing the rupee")
Sri Lanka devalues rupee, seen as step towards IMF help
Sri Lanka's foreign reserves fell to $2.36 billion at the end of January
 "Sri Lanka devalues rupee, seen as step towards IMF help")
Top headlines: BJP set to retain UP, falling rupee and exports, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: BJP set to retain UP, falling rupee and exports, and more")
Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports
Uncertainty resulting from the Russian invasion of Ukraine and over how other currencies behave among factors keeping exporter sentiment in check
 "Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports")
The coming storm
Russia-Ukraine fallout for India may be severe
 "The coming storm")
Top headlines: Brent spikes to $139; ex-NSE MD sent to 7-day CBI custody
Business Standard brings you the top headlines on Monday
 "Top headlines: Brent spikes to $139; ex-NSE MD sent to 7-day CBI custody")
Rupee heading for its all-time low, likely to hit 77/$ level: Poll
Heavy dollar selling by Reserve Bank slows the pace of fall
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 down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis")
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
The cost of Ukraine war: Bond yield climbs; rupee slips 47 paise against
The benchmark 10-year bond yield edged up to 6.81 per cent on Wednesday, the highest since February
 "The cost of Ukraine war: Bond yield climbs; rupee slips 47 paise against")
Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions
The RBI is also likely to come up with a plan soon, and has collected information from Indian banks
 "Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions")
