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Indian Rupee

Rupee rises by 7 paise to 83.82 against US dollar in early trade

Rupee rises by 7 paise to 83.82 against US dollar in early trade

Fri, Aug 30, 2024

Rupee appreciated 7 paise to 83.82 against the US dollar in morning trade on Friday, supported by significant foreign fund inflows and a positive trend in domestic equities.Forex traders said a rise in global risk sentiments supported the rupee, while recovery in the US dollar and month-end dollar demand from importers and oil marketing companies (OMCs) weighed on investor sentiments.At the interbank foreign exchange market, the local unit opened at 83.83, then gained ground to touch 83.82, registering a rise of 7 paise from its previous close.

Understanding the Rupee's Woes: What’s Causing the Downturn?

Understanding the Rupee's Woes: What’s Causing the Downturn?

Thu, Aug 22, 2024

Why is the rupee not able to recover? No support even from fall in dollar index. What is the reason for the fall in rupee?

Currency market update: Rupee settles 4 paise lower at 83.96 against US dollar

Currency market update: Rupee settles 4 paise lower at 83.96 against US dollar

Wed, Aug 07, 2024

On Wednesday, the Indian rupee closed lower by 4 paise at 83.96 against the US dollar, impacted by a stronger greenback and Middle East tensions. Despite this, domestic market strength and rising crude oil prices provided some support. The rupee traded within a narrow range, while global equities and anticipated RBI policy decisions could influence future movements. The dollar index rose, and Brent crude saw a 1.22% increase

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How RBI scared Sensex, rupee virtually to death: 10 reasons why

How RBI scared Sensex, rupee virtually to death: 10 reasons why

Fri, Oct 05, 2018

Almost every analyst had predicted a repo rate hike to be announced by the RBI Governor Urjit Patel led MPC. While 50 bps hike was bandied about, what was mostly expected was a 25 bps hike. Instead, RBI shocked with an announcement of a status quo at 6.50%!

Massive free fall! Indian Rupee at all-time low, touches over 74-mark as RBI maintains status quo

Massive free fall! Indian Rupee at all-time low, touches over 74-mark as RBI maintains status quo

Fri, Oct 05, 2018

Indian rupee touched an all-time low of 74.290 against the US dollar.

Weak rupee to attract NRI investments into Indian real estate: Realty players

Weak rupee to attract NRI investments into Indian real estate: Realty players

Fri, Oct 05, 2018

With the Indian rupee under pressure for the past few months and declining to its lowest-ever levels, real estate players expect non-resident Indian, or NRI, investments in the sector to gain momentum.

Indian rupee suffers big crude blow, RBI scrambles, orders risky move

Indian rupee suffers big crude blow, RBI scrambles, orders risky move

Thu, Oct 04, 2018

Reserve Bank of India (RBI) countered the rupee fall on Wednesday by allowing oil marketing companies (OMCs) to raise foreign loans to fund their working capital needs under the automatic route with immediate effect.

Indian Rupee plunges to new all-time low of 73.77, sheds 43 paise against US dollar

Indian Rupee plunges to new all-time low of 73.77, sheds 43 paise against US dollar

Thu, Oct 04, 2018

A day after hitting an all-time low, the Indian rupee repeated the dose and started on a very dismal note on Thursday. The rupee hit a new low of 73.77 after it plunged 43 paise against US dollar.

Indian rupee vs Pakistan's rupee: Check out the regional currency turmoil

Indian rupee vs Pakistan's rupee: Check out the regional currency turmoil

Wed, Oct 03, 2018

The Indian rupee closed at a record low of 73.34, down by 43 paise or 0.59 per cent at the interbank foreign exchange here. In the day trade, the rupee crashed to its all-time low of 73.42 per dollar as crude oil prices breached the USD 85 per barrel mark, leading to huge outflows of cash.

Your rupee is worth even less today! Unbelievable, Rs 74 mark on horizon

Your rupee is worth even less today! Unbelievable, Rs 74 mark on horizon

Wed, Oct 03, 2018

Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,842 crore on Monday, according to the provisional data. Investors remained concerned over sustained foreign capital outflows and rising crude oil prices crossing the USD 85 per barrel.

Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Mon, Oct 01, 2018

On Monday, The rupee tumbled 26 paise to end at a near two-week low of 72.91 against the US dollar amid a strengthening greenback and steady capital outflows.

Diwali sales: Forget this hike by Modi govt, shoppers to flood markets

Diwali sales: Forget this hike by Modi govt, shoppers to flood markets

Mon, Oct 01, 2018

"An increase in prices of compressors will lead to a definite price hike for refrigerators and ACs which will impact the market sentiment. But, for the upcoming festive season, we will be absorbing maximum costs in order to keep the festive spirits going. We will relook at revising the prices post this festive season," Panasonic India President and CEO Manish Sharma told PTI.

Rupee ends at 1-week high of 72.48 against US dollar

Rupee ends at 1-week high of 72.48 against US dollar

Sat, Sep 29, 2018

Continuing its healthy recovery momentum for the third-straight day, the rupee today gained 11 paise to end at a one-week high of 72.48 against the US dollar on sustained selling of the American currency by exporters.

Indian rupee recovers 8 paise against US dollar to 72.61

Indian rupee recovers 8 paise against US dollar to 72.61

Wed, Sep 26, 2018

The rupee recovered by 8 paise to 72.61 against the dollar in early trade Wednesday on mild selling of the US currency by exporters amid easing crude oil prices.

When will rupee relief come? Ominous start today

When will rupee relief come? Ominous start today

Tue, Sep 25, 2018

Traders said besides sustained demand of the US currency from importers and dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, a lower opening in the domestic equity markets too weighed on the domestic unit.

India stops spending cash? See what fuel prices made you do!

India stops spending cash? See what fuel prices made you do!

Tue, Sep 25, 2018

The dip in the discretionary spending of people may have resulted in the cash with the public remaining static, according to State Bank of India's report on the economy.

Unbelievable, but petrol price has rocketted past this mark in Mumbai

Unbelievable, but petrol price has rocketted past this mark in Mumbai

Mon, Sep 24, 2018

On Friday, Petrol price crossed the Rs 90-mark in Mumbai as a dip in the value of rupee and rise in international oil prices pushed rates across the country to new all-time high.

Curb on imports to bring rupee to 68-70 level: DEA Secy

Curb on imports to bring rupee to 68-70 level: DEA Secy

Mon, Sep 24, 2018

The government will "very soon" implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon.

Big setback for India over Moody's report today

Big setback for India over Moody's report today

Mon, Sep 24, 2018

At current levels, India's current-account deficit (CAD) is still much narrower than the near 5 per cent of GDP posted during the ?taper tantrum? period in 2013, when the currency depreciated by nearly 20 per cent between May and August.

Indian rupee starts on negative note, plunges 29 paise to 72.49 against US dollar

Indian rupee starts on negative note, plunges 29 paise to 72.49 against US dollar

Mon, Sep 24, 2018

The Indian rupee fell sharply by 29 paise to 72.49 against the dollar Monday as the greenback strengthened overseas.

RBI unlikely to hike repo rate in October despite weak rupee: Study

RBI unlikely to hike repo rate in October despite weak rupee: Study

Sat, Sep 22, 2018

The economists gave a 60 per cent probability for RBI staying on hold, they said, adding that "one cannot rule out" a hike on currency weakness and higher oil prices.

Indian rupee gains 53 paise, strengthens to 71.84 against US dollar

Indian rupee gains 53 paise, strengthens to 71.84 against US dollar

Fri, Sep 21, 2018

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

FinMin pegs dollar value at Rs 73.65 for computing import duty

FinMin pegs dollar value at Rs 73.65 for computing import duty

Fri, Sep 21, 2018

On Thursday, The Finance Ministry pegged the exchange rate for dollar at Rs 73.65 for calculation of import duty with effect from September 21, as against Rs 72.55 a fortnight ago.

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