Page 18 - Rupee

Rupee likely to outperform others in the region as oil prices fall

The election outcome by the end of May is crucial for the currency

Rupee falls on global cues, forwards rise on $5 billion dollar swaps by RBI

The rupee closed at 69.87 a dollar on Wednesday, down from its previous close of 69.62

History suggests rupee is set for a hangover post 2019 Lok Sabha elections

The currency has shown a tendency to flip directions after polls have been completed, according to a study by Edelweiss Securities Pvt

Poll says politics, monetary policy easing to hurt rupee, may cross 70/$

In the latest survey of nearly 50 strategists, taken April 1-3, the rupee was forecast to weaken about 3 percent over the next year to 70.38

Rupee hits 9-month high of 68.53 a dollar on increased portfolio flow

RBI's proposal to swap $5 billion with banks is also viewed positively by the market

Rupee rally may be short-lived as elections, oil price risks loom

Elections, fiscal slippage, inflation bottoming and risk of oil prices picking up closer to $70 a barrel in May if Iran crude waiver expires remain key risks

Japanese retail investors are renewing interest in rupee denominated bonds

The Goldman bonds, even with zero coupon, are issued at a discount implying a yield of 6.947%

Rupee may slide to 80 against the dollar by September: Royal Bank of Canada

The rupee is already the worst performer this year in Asia ex-Japan amid the uncertainty surrounding the upcoming elections, where Prime Minister Narendra Modi is seen facing a tight contest

Rupee worst performer this year, may fall to 73 on Kashmir tensions

India's rupee has gone from being the best-performing Asian currency last quarter to the worst this year as rising crude prices and tensions over Kashmir weigh on sentiment.

Rupee's unexpected gains this week showcases RBI's pivot for markets

While a rate cut typically lowers a currency's yield appeal, it bolsters foreign inflows into local shares, which helps strengthen the rupee

Rupee may fall to 78 per dollar on fiscal deficit, poll uncertainty: Report

The report further noted that it would be roller coaster ride for crude oil in 2019 as Opec and Russia have resorted to a production cut; while on the other hand, US is increasing its production

Rupee dips 9 paise to 71.17 against dollar in early trade ahead of budget

The Modi government is set to present its last Budget and is expected to have major announcements

Rupee trades flat at 71.07 against US dollar

In the previous session, the currency edged higher by 4 paise to settle at 71.08 amid weakness in the greenback in overseas markets after the US Fed kept interest rate unchanged.

Rupee opens 17 paise higher against US dollar

"Today, USD/INR pair is expected to quote in the range of 70.70 and 71.40," Gaurang Somaiya, Research Analyst (Currency) at MOFSL added.

Rupee opens 17 paise higher against US dollar

The domestic unit weakened by 10 paise to close at 71.17 on Friday amid increasing demand for the greenback from exporters and heavy selling in domestic equities.

Rupee opens 7 paise higher at 71 against US dollar

The domestic unit gained 26 paise to close at 71.07 as softer crude prices and gains in domestic equities bolstered forex market sentiments.

Rupee up 13 paise against US dollar in early trade

In the previous session, the domestic unit snapped its three-day losing streak and settled 11 paise higher at 71.33 on increased selling of the American currency by exporters and banks.

Rupee recovers, opens 27 paise higher against US dollar

The domestic unit skidded by 16 paise on Tuesday to settle at 71.44 amid strengthening of the greenback and heavy selling in domestic equities.

Rupee depreciates 29 paise against US dollar in early trade

The domestic unit Friday weakened by 16 paise to close at 71.19 against US dollar

Rupee slips 4 paise to 71.07 against US dollar in early trade

On Thursday, the domestic unit reversed its four-day losing streak by recovering 21 paise to settle at 71.03.