The rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai
Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal
RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction
India's benchmark 10-year bond yield was trading at 5.96 per cent by 0852 GMT, down 1 basis point on the day
The Indian rupee surged by 29 paise to hit an eight-week high of 72.83 against the US dollar on Friday, tracking positive domestic equities and upbeat Asian peers against the American currency.
Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market
The rupee strengthened for the third straight session and closed 17 paise higher at 73.05 (provisional) against the US dollar tracking positive domestic equities
The rupee rose for 2nd straight session to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency
The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market
The rupee declined by 8 paise to close at 73.42 against the US currency on Wednesday, snapping its four-day gaining streak due to risk aversion in the global markets and surge in crude oil prices.
The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar, marking its third straight session of gains on the back of positive domestic equities and weak American currency
Decline in premium to help importers hedge near-term exposures
Analysing 22 rated Indian firms, Moody's found nearly half of them had dollar revenues or contracts priced in US dollars that protect the local earning
Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals
Improving exports and a weak rupee could support profit boost
Many players are utilising these arbitrage opportunities, even as currency dealers say this is temporary
Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too
While a value of Rs 74-74.5/$ looks fair, one can never tell. The RBI may have to intervene if the rupee crosses the 75 mark and edges upwards