Page 11 - Rupee

Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes

Indian unit was again the worst performer in the region, shedding 0.42% to the dollar. But most other Asian currencies lost too

Rupee will be in suspended animation for some time

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

Rupee breaks past 75-mark vs US dollar, hits lowest level since Aug 2020

The domestic unit slipped to 75.13 versus the US dollar, a level seen in August last year

Rupee slips for 5th straight session, down 15 paise at 74.73 against USD

The rupee fell for the fifth straight session and settled 15 paise down at 74.73 (provisional) against the US dollar as rising Covid-19 cases, weak domestic equities weighed on investors' sentiment

Rupee falls by 18 paise to close at Rs 73.30 against the US dollar

The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases

Increased participation in NDF market a concern for RBI's forex management

Banks had informed RBI on surge in carry trade at a meeting last week

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

Rupee slumps 34 paise to 72.85 against the US dollar in early trade

The Indian rupee slumped 34 paise to 72.85 against the US dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment

Rupee logs over 4% gain this fiscal amid headwinds on economic front

Experts said sustained foreign fund inflows into India's listed stocks ensured a strong year for the Indian currency

Rupee gains 15 paise to end at 72.37 against USD amid easing oil prices

This was also driven by foreign fund inflows

Rupee becomes only Asian currency to gain in month of sweeping losses

The rupee has advanced 1.3% in March, boosted by $2.4 billion of overseas purchases of local stocks, including inflows related to initial public offerings

March-end forward premia jumps as banks convert dollar for rupee

These transactions happen through swaps, in which banks sell dollars on the spot market and buy dollars in the forwards in April

Rupee spurts 32 paise to 72.93, ends three-day losing streak

This came on the back of a rally in domestic stocks and the greenback retreating from three-month highs in global markets

Merchants almost halt exports to Iran as its rupee reserves fall: Report

Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

Rupee logs best single-day gain in 6 months on forex inflows, stocks rally

The rupee on Wednesday surged by 65 paise -- its biggest single day spike since September 2020 -- to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk appetite in the global markets. A rally in domestic equities, foreign fund inflows and positive macro data also boosted the rupee sentiment. The US dollar weakened in the global markets as as investors took heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. At the interbank forex market, the local unit opened at 73.26 against the greenback and witnessed an intra-day high of 72.71 and a low of 73.26. It finally settled at 72.72 against the American currency, registering a rise of 65 paise over its previous closing. The single-day rise is the highest since September 1, 2020, when the rupee had shot up 73 paise. "Market sentiments improved on hopes that massive stimulus packages from governments, easy monetary policies from central banks a

Internationalisation of the rupee is 'inevitable', says RBI report

Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades

How RBI's currency operations are spiking forward premia across tenures

From about 3.5 per cent at the start of December to 6 per cent now, three-month forwards rates are most affected

Podcast: Key threats to rupee's rally

In this podcast, Sujan Hajra, chief economist at Anand Rathi Stockbrokers and Gaurang Somaiyaa, forex & bullion analyst of Motilal Oswal discusses the threats to rupee's trajectory

Top headlines: Sensex scales 50k for first time, RBI sees growth recovering

Business Standard brings you top news of the evening

Turnaround hopes for rupee fade over RBI's stance on forex reserves

The rupee is under pressure to rise on heavy foreign inflows