Page 18 - Indian Rupee

Rupee opens 4 paise lower at 71.52 against US dollar

The domestic unit on Tuesday spurted by 54 paise, its biggest single-day gain in more than five months, to close at a one-week high of 71.48.

Rupee surges 32 paise to 71.70 against US dollar in early trade

The currency settled at 72.02 to the US dollar, the lowest closing level since November 14, 2018, even as equities spurted more than 700 points at close on stimulus measures.

Rupee declines 12 paise against US dollar in early trade

On Wednesday, the domestic currency rebounded from a six-month low to end at 71.27, up 13 paise.

Managing the rupee

The government and RBI should address overvaluation

Rupee opens 16 paise higher against US dollar

The domestic unit on Monday recovered from day's low levels to close flat at 70.94 helped by foreign fund inflows into equities and lower global crude oil prices.

Rupee opens 7 paise higher at 70.97 against US dollar

The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.

Rupee opens 14 paise higher at 70.42 against US dollar

The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56.

Rupee slips 14 paise against US dollar at open amid rebound in oil prices

The domestic unit on Tuesday dropped 20 paise to close at 71.07 as heavy selling in domestic equities, unabated foreign fund outflows kept investors edgy.

Rupee opens 16 paise lower against US dollar amid weak global cues

The domestic unit on Monday depreciated by 14 paise to close at 71.02 as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy.

Rupee opens 5 paise higher against US dollar amid fall in oil prices

The domestic currency on Wednesday recovered from initial losses to settle 11 paise higher at 71.43.

Rupee continues to slide, opens 22 paise lower against US dollar

The domestic unit on Monday plunged 68 paise to 71.60 against the US dollar amid concerns over soaring crude prices following drone attacks on Saudi Arabia's oil facilities.

London overtakes India's financial capital Mumbai in rupee trading

Average daily volumes for rupee in the UK soared to $46.8 billion in April, a more than five-fold jump from $8.8 billion in 2016

Tipping point: India's export of services will soon exceed that of goods

As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan

Moving onshore

India needs modern tools to hedge currency risks

Bets on rupee turn bearish for the first time since late February: Poll

Investors had turned bullish on the rupee in March for the first time in nearly a year when billions of dollars worth of foreign funds poured into India ahead of general elections

Bears return to prey on rupee as Lok Sabha election euphoria fades: Poll

With the election done and dusted, inflows have tapered off, the central bank has cut interest rates for the third time this year and Fitch Ratings posited another 25 basis point cut in 2019.

Rupee slips 13 paise to 70.07 as US-China trade concerns loom large

Rupee falls further to 70.07 after a weak opening at 70.04 as investors were weighed down by a barrage of factors

Bullish bets on Indian rupee rise ahead of Lok Sabha elections 2019: Poll

The confidence rode on brightening re-election prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janta Party, translating into inflows of $5.99 billion so far this year into equities.

In a first, govt set to issue Rs 20 coin as a 12-edged polygon: FinMin

The exact date of issuance of these new series coins is yet to be announced

Dark days ahead for rupee over trade, Lok Sabha election jitters: poll

the Indian currency, which is down about 1 percent this year, is forecast to weaken nearly 2 percent by end-May, suggesting upcoming elections are a clear risk.