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Rupee vs Dollar: Domestic Currency hits record low against US Dollar in afternoon trade

Rupee vs Dollar: Domestic Currency hits record low against US Dollar in afternoon trade

Thu, Nov 21, 2024

Rupee Vs Dollar: The rupee hit a record low against the US dollar in the second half of trading. The domestic currency opened at 84.42 against the US dollar and later plunged to a record low of 84.46 per dollar, marking a significant decline.

Rupee gains 1 paisa to 84.06 against US dollar in early trade

Rupee gains 1 paisa to 84.06 against US dollar in early trade

Mon, Oct 21, 2024

The rupee showed a recovery from its lower level and gained marginally by 1 paisa to 84.06 against the US dollar in early trade on Monday, tracking positive cues from domestic equity markets and a soft American currency.

Currency Market News, October 17: Rupee trades in narrow range vs dollar

Currency Market News, October 17: Rupee trades in narrow range vs dollar

Thu, Oct 17, 2024

The rupee opened at 84.01 against the greenback at the interbank foreign exchange.

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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.

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.

India sets dollar exchange rate at 73.65 rupees for import tax calculation

India sets dollar exchange rate at 73.65 rupees for import tax calculation

Thu, Sep 20, 2018

Indian rupee is Asia's worst performing currency this year after depreciating around 12 percent, closed at 72.39 on Wednesday. It hit a record low of 72.99 on Tuesday.

Investors in dollar-denominated assets likely to benefit from depreciating rupee against USD

Investors in dollar-denominated assets likely to benefit from depreciating rupee against USD

Thu, Sep 20, 2018

Generation of long-term returns and preservation of capital should be the primary objective of making an investment.

Rupee fall: Course correction needed to reverse overvalued currency

Rupee fall: Course correction needed to reverse overvalued currency

Wed, Sep 19, 2018

Instead of panicking, government needs to strengthen its macroeconomic fundamentals and boost exports through reforms, say experts

Good start for Indian rupee today, rebounds 28p, saves itself from hitting 73 mark

Good start for Indian rupee today, rebounds 28p, saves itself from hitting 73 mark

Wed, Sep 19, 2018

A higher opening in the equity market is also stated to have supported the recovery of Indian rupee. The domestic unit on Tuesday slid further by 47 paise to settle at a record low of 72.98 after scaling an all-time low of 72.99 (intra-day) against the US currency. This was reportedly in the wake of surging crude oil prices and escalating trade war worries.

Rupee expected to test 75 levels in medium term

Rupee expected to test 75 levels in medium term

Mon, Sep 17, 2018

India has seen its current account deficit (CAD) widen to 2.4% in the April-June quarter from 1.9%. in the previous quarter. Economists expect the CAD to widen to 2.7-2.8% this year on the back of an increase in import of electronic goods and rising oil prices.

Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal

Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal

Fri, Sep 14, 2018

On the factors affecting the rupee's value against dollar as well as reacting to all the talk of expectations of a RBI key rate hike in the upcoming meet, he said, "Don't need rate hike to control Rupee fall; no such thing as fair value of rupee. Competitors have allowed their currency to depreciate amid Trade War."

Surprise! Rupee strengthens again today, rises to 71.68 against US dollar in opening trade

Surprise! Rupee strengthens again today, rises to 71.68 against US dollar in opening trade

Fri, Sep 14, 2018

Earlier on Wednesday, the domestic unit ended the session on a positive note at 72.19 per US dollar, from its record low of 72.91 it touched during the day’s trade. The rupee had ended at 72.69 on Tuesday. The forex market was closed yesterday on account of Ganesh Chaturthi.

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.

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.

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.

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.

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.

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.

Soaring diesel, petrol prices, rupee set to hit economy; govt can do very little

Soaring diesel, petrol prices, rupee set to hit economy; govt can do very little

Wed, Sep 05, 2018

Surging fuel prices have the potential to destablise the economy as it is inflationary, can widen current account deficit, already hit by falling rupee and impact the strained fiscal deficit if tax cuts are resorted to rein in prices, say experts.

3 reasons why the Indian rupee crashed

3 reasons why the Indian rupee crashed

Mon, Sep 03, 2018

India's trade deficit (merchandise) increased from around USD 89 billion in 2007-08 to USD 162 billion in 2017-18.

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