Page 31 - Rupee

Rupee drops by 8 paise to 73.42 on forex outflows, surge in oil prices

The rupee declined by 8 paise to close at 73.42 against the US currency on Wednesday, snapping its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices.

Rupee settles 16 paise higher at 73.35 vs dollar; rises for 3rd session

The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar, marking its third straight session of gains on the back of positive domestic equities and weak American currency

Investors brace for market fallout as most of India's states lock down

Rising Covid-19 cases force reassessment among investors who had hoped that less-severe curbs.

Rupee extends gains for 4th day; rises 29 paise to 74.07 against dollar

This comes amid a positive trend in domestic equities.

Covid-led record defaults cloud India's resilient equities, bonds

Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support

Unfair charge

India is not using currency to gain unfair advantage

Can't understand US move to put India on currency watchlist: Commerce secy

Anup Wadhawan asserts RBI is not accumulating reserves and its activity in forex market is 'perfectly balanced'

Top headlines: Maruti Suzuki hikes prices; Mindtree Q4 net climbs 54%

Business Standard brings you the top news of the evening

Rupee zooms 58 paise to settle at 74.35 against US dollar amid equity gains

Improving risk appetite also helped

India's 10-year yield spikes as RBI bond-purchase results disappoint

RBI purchased Rs 25,000 cr worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying Rs 1 trn worth govt paper between April and June

From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss

Traders are concerned that the rupee's tailwinds could start fading. Rising commodity prices may push the current-account into a deficit in the fiscal year that started in April

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines

Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes

Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too

Rupee will be in suspended animation for some time

While a value of Rs 74-74.5/$ looks fair, one can never tell. The RBI may have to intervene if the rupee crosses the 75 mark and edges upwards

Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020

The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year

Rupee slips for 5th straight session, down 15 paise at 74.73 against USD

The rupee fell for the fifth straight session and settled 15 paise down at 74.73 (provisional) against the US dollar as rising Covid-19 cases, weak domestic equities weighed on investors' sentiment

Rupee falls by 18 paise to close at Rs 73.30 against the US dollar

The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases

Increased participation in NDF market a concern for RBI's forex management

Banks had informed RBI on surge in carry trade at a meeting last week

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

Rupee slumps 34 paise to 72.85 against the US dollar in early trade

The Indian rupee slumped 34 paise to 72.85 against the US dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment