Page 46 - Rupee

Rupee crashes 68 paise to 64.72 a dollar on early Gujarat election trends

The rupee had gained 30 paise to close at a fresh three-month high of 64.04 on Friday against the dollar

Rupee skids from 3-week high to 64.70, down 12 paise

A sharp uptick in the US dollar demand from importers and banks amid rising prospect of Fed rate hike by the end of this year largely dominated trading sentiments

Rupee jumps 22 paise to scale two-week high of 64.89 on Moody's upgrade

This is the highest closing for the domestic currency since November 6

Rupee surges 21 paise to end at 65.21 on falling crude prices

Falling crude oil prices helped the rupee tide over trade deficit scare that ballooned to 3-year high of $14 billion due to twin impact of rising oil imports and falling exports

Rupee rebounds 18 paise to end at one-week high against US dollar

The rupee opened on a weak note at 65.14 against Tuesday's close of 65.07 at the Interbank Foreign Exchange market

Rupee rebounds to 1 week high of 65.01; zooms 49 paise

The rupee was under severe pressure last week and touched 6-1/2 month low 65.89 during intra-day

Why the rupee could touch 66 in the next four months

Geopolitical developments in the Korean peninsula need to be closely followed as it could prove to be a trigger for a sudden spike in USD/INR

It may not be feasible to have a weak rupee: HSBC India's Hitendra Dave

He says companies are fast leaving banks for the bond market

RBI faces a currency conundrum

The rupee has appreciated 6.3% against the dollar since the beginning of this year

Rupee falls from 3-week high, down 12 paise on GDP concerns

A robust dollar demand from importers and corporates also weighed on rupee trade

Strong rupee, weak exporters

Effects on job-generating sectors should worry govt

Rupee free fall continues, down 5 paise to 64.13 a dollar

Due to sustained demand for the US currency from importers and corporates

Why rupee is unlikely to hit 60 levels against the US dollar

UBS expects the rupee to remain range-bound between 62-66 levels over the next few months

Exporters brace for further rise in rupee

Apparel, engineering goods and automobiles under pressure

Rupee holds 2-yr high level, gains 11 paise against dollar

Rupee resumed its record-setting spree after a brief pause, closed at a fresh two-year high of 63.58

Rupee ends flat against dollar at 63.69 as RBI applies brake

It's highest level in 2 yrs as RBI intervention in forex market mopped up excess dollar liquidity

Rupee scales 2-year peak of 63.70, rallies 37 paise

After the RBI set the platform by lowering the repo rate by 0.25%

Stronger rupee dampens pharma firms' profit

Domestic pharmaceutical companies, says Edelweiss Securities Research, will see profit erosion in the June quarter, due to pricing pressure and strengthening of the rupee against the dollar over the past year.The latter development means Indian companies earn less in rupee terms for their foreign income, whereas a lot of their costs are denominated in rupees. Edelweiss estimates a seven per cent impact on profit due to this. Adding to the problems at an industry already grappling with structural business challenges, including customer consolidation and rising competition in the US, a major market. Year to date, the rupee has gained 2.1 per cent and year on year, 4.3 per cent, against the dollar. Deepak Malik of Edelweiss expects industry-wide profit to reduce by 26 per cent. The other factor impacting results this quarter will be the high base impact of the previous financial year. Lupin and Sun Pharma posted strong revenue growth since they had products under sale exclusivity. ..

Rupee logs 1st gain in 3 days, jumps 15 paise to 64.51

The rupee had depreciated by 22 paise in the last two days

Rupee pushes ahead to 1-week high at 64.44 on capital glut

Foreign funds purchased shares worth a net Rs 589.11 crore yesterday, as per provisional data