The Indian rupee slumped 16 paise to 73.07 against the US dollar in opening trade on Friday after the Reserve Bank kept policy rates unchanged for the sixth time in a row
The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.
After dropping to a low of 51,450.58 in late afternoon trade, the BSE Sensex clawed back lost ground to finish 85.40 points or 0.16 per cent down at 51,849.48
The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency
Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities
The rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.
Here are the best of Business Standard's opinion pieces for Monday
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai
Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal
RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction
On Thursday, the rupee had settled at 72.60 against the US dollar.
The Indian rupee strengthened by 18 paise to 72.42 against the US dollar in early trade, tracking positive domestic equities
India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.
The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17
Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market
This is because of absence of RBI in the spot market: Experts
The rupee strengthened for the third straight session and closed 17 paise higher at 73.05 (provisional) against the US dollar tracking positive domestic equities
The rupee rose for 2nd straight session to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency
The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market
Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar