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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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Rupee impact on travellers: You will have to pay 8-10% more

Rupee impact on travellers: You will have to pay 8-10% more

Thu, Sep 13, 2018

The sinking rupee is taking the wind out of the Indian traveller’s sails. With the local currency poised to hit the 73 per dollar mark, outbound tourists are set to see 8-10% increase in their travelling budget, according to experts.

Forget rupee fall, check out these 5 currencies instead; your fears will abate

Forget rupee fall, check out these 5 currencies instead; your fears will abate

Wed, Sep 12, 2018

Today, the Indian rupee ended at 72.205 down by 0.350 points or 0.48% against US dollar.

This Amul Rupee teaser turns Twitter rage even as currency hits all-time low of 73; Must see image

This Amul Rupee teaser turns Twitter rage even as currency hits all-time low of 73; Must see image

Wed, Sep 12, 2018

While Amul teaser became a rage on Twitter, Indian rupee created history today by plunging to all-time low mark of 73!

Your rupee is worth even less today, may hit 73 mark; no relief for common man

Your rupee is worth even less today, may hit 73 mark; no relief for common man

Wed, Sep 12, 2018

The rupee today depreciated to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market, quoting 22 paise lower against the American currency in morning trade amid surging crude oil prices and unabated foreign fund outflows.

Investors flee as Rupee inches towards 73 per dollar

Investors flee as Rupee inches towards 73 per dollar

Tue, Sep 11, 2018

Reserve Bank of India (RBI) is dipping into its foreign exchange reserves to defend the rupee, which has fallen 13.8% during the calendar year.

Rupee at new low, clocks 73-mark; Here’s how states are going to benefit from free fall

Rupee at new low, clocks 73-mark; Here’s how states are going to benefit from free fall

Tue, Sep 11, 2018

Interestingly, it is being known that states are expected to gain with the free fall in Indian rupee coupled with rising petrol and diesel prices.

Indian Rupee recovers 15 paise after hitting record low, traded 72.30 against US$

Indian Rupee recovers 15 paise after hitting record low, traded 72.30 against US$

Tue, Sep 11, 2018

The rupee traded over 72.30 against the US dollar around 11.35 am at the Inter-Bank Foreign Exchange Market.

Sensex drops 467 points, gives up 38k mark; 6 power points

Sensex drops 467 points, gives up 38k mark; 6 power points

Mon, Sep 10, 2018

Sensex saw its worst nightmare come true as it plunged by a whopping 467.65 points or 1.22% to 37,922.17-mark.

Your rupee is worth even less today! Value plunges to historic low

Your rupee is worth even less today! Value plunges to historic low

Mon, Sep 10, 2018

The Indian rupee today slumped to a fresh record low of 72.18, falling 45 paise against the US dollar, while opening at record low of 72.15 a dollar from its previous close of 71.73 at the Interbank Foreign Exchange (Forex) market. The domestic currency breached its previous record low of 72.11 hit on September 6.

Rupee outlook: This is what will keep Indian currency under pressure

Rupee outlook: This is what will keep Indian currency under pressure

Mon, Sep 10, 2018

Since mid-August 2018, dollar-rupee has continued to trend higher and last week we saw the pair crossing the 72 mark. This move has been on the back of a broad emerging market currency selloff affected by dollar strength, trade tensions and a sudden spike in oil price bringing India into focus.

Doomsday scenario? Rupee to haunt RBI, economy, govt, if not saved from free fall

Doomsday scenario? Rupee to haunt RBI, economy, govt, if not saved from free fall

Fri, Sep 07, 2018

Today, the Indian rupee is trading at 71.855 down by 0.13% against the US dollar, however, since the start of trading session, it has touched a low of 72.015.

Indian Rupee opens on positive note, up 4p higher against US$

Indian Rupee opens on positive note, up 4p higher against US$

Fri, Sep 07, 2018

The positive sentiment in Indian rupee today is due to slight weakness seen in the American unit against some currencies including yen on fears that US President Donald Trump would take up trade issues with Japan.

Indian Rupee creates wrong kind of history, plunges at warp speed to lowest ever

Indian Rupee creates wrong kind of history, plunges at warp speed to lowest ever

Fri, Sep 07, 2018

The rupee on Thursday slipped below 72-mark against the US dollar for the first time, hitting a record low of 72.10 amid sustained foreign fund outflows and widening current account deficit. It just took the unit less than a week to hit the milestone from 71 a dollar last Friday.

Rupee tumbles for 7th day; breaches 72-mark on global headwinds

Rupee tumbles for 7th day; breaches 72-mark on global headwinds

Thu, Sep 06, 2018

The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit. Besides, escalation in global trade war tiff too weighed on sentiments. But primarily it was weakness in emerging market currencies overseas which boosted the dollar, resulting in a duress for the domestic currency.

Rupee outlook: Indian currency to languish around 70 per $ a year from now, says poll

Rupee outlook: Indian currency to languish around 70 per $ a year from now, says poll

Thu, Sep 06, 2018

India`s battered rupee, which has lost more than 12 percent this year, will hover near record lows on a worsening trade balance and at best only pare some of those losses in the coming 12 months, a Reuters poll found.

Indian rupee plunges further, now breaches 72 mark against US$ for first time

Indian rupee plunges further, now breaches 72 mark against US$ for first time

Thu, Sep 06, 2018

The falling rupee, in turn, pushed bond yields up with investors fearing the fallout of weaker currency on inflation in the economy. Finance Minister Arun Jaitley, however, on Wednesday said that external factors have caused the depreciation of the rupee.

Indian rupee rescued from falling under 72/$; Cost? About $2 billion

Indian rupee rescued from falling under 72/$; Cost? About $2 billion

Thu, Sep 06, 2018

The Reserve Bank of India (RBI) sold nearly $1.5-2 billion on Wednesday to save rupee from record low of Rs 71.95/$1, hit during intraday trade Wednesday, dealers said.

Arun Jaitley: Global factors behind rupee fall, no need for knee-jerk reaction

Arun Jaitley: Global factors behind rupee fall, no need for knee-jerk reaction

Thu, Sep 06, 2018

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation.

Xiaomi set to hike prices? Should you buy now?

Xiaomi set to hike prices? Should you buy now?

Wed, Sep 05, 2018

After the launch event, Xiaomi India Head (Category and online sales) Raghu Reddy told PTI, “The prices (of phones launched) do take into account the impact…the rupee is at about 71, it takes into account that. This is an introductory price with Diwali coming up. Post that (Diwali), we will evaluate.”

Price rise alert: From gold, chocolates to Xiaomi phones- Things likely to cost you more

Price rise alert: From gold, chocolates to Xiaomi phones- Things likely to cost you more

Wed, Sep 05, 2018

The rupee depreciation continued Wednesday, with the US dollar ending higher against the Indian rupee at 71.75/76 per dollar at the close of the Interbank Foreign Exchange (forex) market.

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