Page 48 - Rupee

Rupee rallies to over 17-mth high at 64.85 on bouts of dollar selling

Strengthened by 7 paise, this is the highest closing of the rupee since October 23, 2015

Rupee: Then and now

Over last eight years, rupee has depreciated against the dollar at about three per cent per annum

Rupee storms to fresh 17-month high; jumps 37 paise on panic dollar selling

This is highest closing for the domestic unit since October 28, 2015, when it had closed at 64.93

Rupee may depreciate to 68-69 range by Dec 2017: Edelweiss

The rupee has been rallying since January 2017

Rupee retreats from 17-month high, down 14 paise against dollar to 65.44

Rupee was down because of fresh dollar demand from importers

Rupee rallies to 17-month high in voltaile trading, up 6 paise at 65.30

Gains were majorly due to increased selling of US dollar by exporters and banks

Strong rupee may hurt Q4 margins of Indian IT

Indian IT services firms may see margins impacted as much as one per cent if the Indian rupee strengthens further and remains stable at Rs 65 against the US dollar. Companies such as Infosys and Wipro have struggled to maintain higher margin during the past few quarters as they witnessed continuous pricing pressure and slow growth in digital technology adoption. Analysts say during the fourth quarter of last fiscal the value of each US dollar hovered around Rs 67 and Rs 67.5 and if it improves to Rs 65, these companies may see 100-130 basis point drop in margins. "If the Indian rupee remain strong at 64-65 against US dollar, the IT services companies will see decline in margin on a sequential basis. This will also impact the earnings per share by around 5 per cent," said Madhu Babu, an IT sector analyst with brokerage firm Prabhudas Lilladher. On Thursday, the rupee closed at 65.41 against the US dollar, strongest since October 30, 2015. Babu says hedging cannot offset this impact if .

More wiggle room left for Rupee to strengthen

The rupee closed at 65.41 a dollar, strengthening as much as 65.22 a dollar in the intraday

Rupee rallies for 4th straight day, spikes 28 paise

RBI fixed the reference rate for the dollar at 65.3836 and for the euro at 70.1893

Video : Rupee hits all-time high against dollar in a year

On Thursday, the rupee opened at a one-year high of 65.4 against the USD

Rupee hits one-year high of 65.4: Where is it headed?

On Thursday, the rupee opened at a one-year high of 65.4 against the USD

Rupee hits fresh 16-month high, up 13 paise at 65.69

The domestic currency has risen 2.23% since the beginning of the year

Rupee hits 18-month high, surges 78 paise on BJP sweep

RBI fixed the reference rate for the dollar at 66.1800 and for the euro at 70.4354

Rupee scales near 4-month high of Rs 66.67, up 4 paise

Forex market was hampered by lack of key triggers amid general wariness ahead of FOMC meet next week

Rupee is fairly valued: Experts

Technical charts suggest currency might strengthen

Rupee slumps 11 paise to 66.81 against US dollar

Slump comes on the back of fresh demand for the American currency from banks and importers

Rupee rebounds 12 paise to 66.70 against US dollar

Fresh bouts of dollar selling amid upbeat sentiment post GDP data release contributed to it

Rupee hits 3-1/2 mth high, up 11 paise to 66.71

In cross-currency trade, rupee rose sharply against British pound to finish at 82.78 from 83.26

Rupee regains 14 paise to 66.82 against dollar

Gains were on the back of fresh dollar selling by banks and exporters

Rupee hits 3-month peak of 66.85 against US dollar

Robust dollar inflows into equities, easing Fed rate hike speculation kept forex market sentiment buoyant