Page 26 - Rupee

Why rupee is unlikely to hit 60 levels against the US dollar

UBS expects the rupee to remain range-bound between 62-66 levels over the next few months

Exporters brace for further rise in rupee

Apparel, engineering goods and automobiles under pressure

Rupee holds 2-yr high level, gains 11 paise against dollar

Rupee resumed its record-setting spree after a brief pause, closed at a fresh two-year high of 63.58

Rupee ends flat against dollar at 63.69 as RBI applies brake

It's highest level in 2 yrs as RBI intervention in forex market mopped up excess dollar liquidity

Rupee scales 2-year peak of 63.70, rallies 37 paise

After the RBI set the platform by lowering the repo rate by 0.25%

Stronger rupee dampens pharma firms' profit

Domestic pharmaceutical companies, says Edelweiss Securities Research, will see profit erosion in the June quarter, due to pricing pressure and strengthening of the rupee against the dollar over the past year.The latter development means Indian companies earn less in rupee terms for their foreign income, whereas a lot of their costs are denominated in rupees. Edelweiss estimates a seven per cent impact on profit due to this. Adding to the problems at an industry already grappling with structural business challenges, including customer consolidation and rising competition in the US, a major market. Year to date, the rupee has gained 2.1 per cent and year on year, 4.3 per cent, against the dollar. Deepak Malik of Edelweiss expects industry-wide profit to reduce by 26 per cent. The other factor impacting results this quarter will be the high base impact of the previous financial year. Lupin and Sun Pharma posted strong revenue growth since they had products under sale exclusivity. ..

Rupee logs 1st gain in 3 days, jumps 15 paise to 64.51

The rupee had depreciated by 22 paise in the last two days

Rupee pushes ahead to 1-week high at 64.44 on capital glut

Foreign funds purchased shares worth a net Rs 589.11 crore yesterday, as per provisional data

Rupee sinks 69 paise on Trump impeachment fears

Market had built up a huge short position on the rupee, expecting it to fall after a stellar run

Rupee logs 2nd straight day loss, down 7 paise to 64.15

Stocks enjoyed their record breaking streak for the third straight session

Beware a strong rupee

Long periods of a 'strong' currency has not been good for growth and development of nations

The future of the rupee

Post a short-term correction, the rupee could see long-term gains if dollar index falls

Rupee to be range-bound at 64-64.50 this week: Experts

Domestic unit has been moving in the 64-64.70 range in the past few weeks

Rupee tumbles 20 paise to 64.38 vs dollar

This is the biggest one-day fall for the home currency since April 10

Rupee's bull run may end soon: Bankers & CFOs

Experts say the rupee movement is largely due to continuous, large foreign flows into local assets

Rupee up 17 paise on heavy dollar selling; at 2-week high of 64.44

It was further supported by unwinding of long-dollar positions by speculators

Rupee logs first fall in 3 days, down 5 paise to 64.61

Domestic currency largely moved in a narrow range throughout the day

Rising rupee sees pressure for export support

---Pointer table sent with this is not needed; drop----With the rupee expected to continue strengthening in the short term, a demand for further tariff support to select sectors has risen."The worst is still to come. With the currency appreciating at a fast clip, while those of major competitors steadily go down, competitiveness of Indian goods will go down," says Ajay Sahai, director-general of the Federation of Indian Export Organisations.Major exporting sectors such as engineering products, readymade goods and automobiles are expected to come under the pressure of reduced earnings and potential drops in orders. It doesn't help that these major foreign exchange earners are also price-sensitive. They need to be given support, Sahai argues.However, with the Merchandise Exports from India Scheme covering nearly 8,000 product categories, chances of further support are slim. Under this scheme, the government provides duty benefits to exporters at two per cent, three per cent and five ...

Rupee's value matters

Dangers of an overvalued currency must not be ignored

Currency impact: A burnished rupee takes polish off jewellery exports

A burnished rupee takes polish off jewellery exports