Page 32 - Rupee

Rupee logs over 4% gain this fiscal amid headwinds on economic front

Experts said sustained foreign fund inflows into India's listed stocks ensured a strong year for the Indian currency

Rupee gains 15 paise to end at 72.37 against USD amid easing oil prices

This was also driven by foreign fund inflows

Rupee becomes only Asian currency to gain in month of sweeping losses

The rupee has advanced 1.3% in March, boosted by $2.4 billion of overseas purchases of local stocks, including inflows related to initial public offerings

March-end forward premia jumps as banks convert dollar for rupee

These transactions happen through swaps, in which banks sell dollars on the spot market and buy dollars in the forwards in April

Rupee spurts 32 paise to 72.93, ends three-day losing streak

This came on the back of a rally in domestic stocks and the greenback retreating from three-month highs in global markets

Merchants almost halt exports to Iran as its rupee reserves fall: Report

Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

Rupee logs best single-day gain in 6 months on forex inflows, stocks rally

The rupee on Wednesday surged by 65 paise -- its biggest single day spike since September 2020 -- to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk appetite in the global markets. A rally in domestic equities, foreign fund inflows and positive macro data also boosted the rupee sentiment. The US dollar weakened in the global markets as as investors took heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. At the interbank forex market, the local unit opened at 73.26 against the greenback and witnessed an intra-day high of 72.71 and a low of 73.26. It finally settled at 72.72 against the American currency, registering a rise of 65 paise over its previous closing. The single-day rise is the highest since September 1, 2020, when the rupee had shot up 73 paise. "Market sentiments improved on hopes that massive stimulus packages from governments, easy monetary policies from central banks a

Internationalisation of the rupee is 'inevitable', says RBI report

Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades

How RBI's currency operations are spiking forward premia across tenures

From about 3.5 per cent at the start of December to 6 per cent now, three-month forwards rates are most affected

Podcast: Key threats to rupee's rally

In this podcast, Sujan Hajra, chief economist at Anand Rathi Stockbrokers and Gaurang Somaiyaa, forex & bullion analyst of Motilal Oswal discusses the threats to rupee's trajectory

Top headlines: Sensex scales 50k for first time, RBI sees growth recovering

Business Standard brings you top news of the evening

Turnaround hopes for rupee fade over RBI's stance on forex reserves

The rupee is under pressure to rise on heavy foreign inflows

Rupee slips 3 paise to 73.07 against the US dollar in early trade

The rupee opened on a flat note and depreciated 3 paise to 73.07 against the US dollar in opening trade on Friday tracking the muted opening in domestic equities.

2020, the year that was: The best of bond rallies amid weak yields

Rupee among worst-performing Asian currency, but it supported Atmanirbhar campaign

Rupee surges 14 paise to 73.62 against US dollar in early trade

The rupee appreciated 14 paise to 73.62 against the US dollar in opening trade on Thursday as sustained foreign fund inflows and hectic buying in domestic equities strengthened investor sentiment

Rupee slips 6 paise to 73.90 against US dollar in early trade

The rupee depreciated 6 paise to 73.90 against the US dollar in opening trade on Wednesday in line with weaker Asian peers amid concerns over a new coronavirus strain.

India wants a V-shaped recovery at any cost. But what will RBI do?

How RBI manages recovery demand against threats to financial stability from cheap money may be a more important story for India investors in 2021 than the standard growth versus inflation trade-off

Aim long term for a strong currency

Strong currencies reflect strong economies

Rupee appreciates 11 paise to 73.77 against US dollar in early trade

The rupee appreciated 11 paise to 73.77 against the US dollar in the opening session on Friday on sustained foreign fund inflows and weak American currency

Rupee rises 7 paise to 73.84 against US dollar in early trade

The rupee appreciated 7 paise to 73.84 against the US dollar in the opening session on Thursday on sustained foreign fund inflows and weak American currency