Page 10 - Rupee

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Foreign currency deposits lose sheen due to stable rupee

The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17

Rupee snaps 3-day winning streak, drops 13 paise to 73.18 against dollar

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

Rupee slips below 73 against dollar in intraday trade, corrects back

This is because of absence of RBI in the spot market: Experts

Rupee gains for 3rd straight day; rises 17 paise to 73.05 against dollar

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

Rupee gains for 2nd straight session on positive equities, rises by 7 paise

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

Rupee rises 13 paise to settle at 73.29 on weaker US dollar today

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

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Rupee drops by 8 paise to 73.42 on forex outflows, surge in oil prices

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.

Rupee settles 16 paise higher at 73.35 vs dollar; rises for 3rd session

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

Investors brace for market fallout as most of India's states lock down

Rising Covid-19 cases force reassessment among investors who had hoped that less-severe curbs.

Rupee extends gains for 4th day; rises 29 paise to 74.07 against dollar

This comes amid a positive trend in domestic equities.

Covid-led record defaults cloud India's resilient equities, bonds

Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support

Unfair charge

India is not using currency to gain unfair advantage

Can't understand US move to put India on currency watchlist: Commerce secy

Anup Wadhawan asserts RBI is not accumulating reserves and its activity in forex market is 'perfectly balanced'

Top headlines: Maruti Suzuki hikes prices; Mindtree Q4 net climbs 54%

Business Standard brings you the top news of the evening

Rupee zooms 58 paise to settle at 74.35 against US dollar amid equity gains

Improving risk appetite also helped

India's 10-year yield spikes as RBI bond-purchase results disappoint

RBI purchased Rs 25,000 cr worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying Rs 1 trn worth govt paper between April and June

From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss

Traders are concerned that the rupee's tailwinds could start fading. Rising commodity prices may push the current-account into a deficit in the fiscal year that started in April

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines