Page 27 - Rupee

Appreciating rupee erodes margins of textile exporters

Business Standard looks at the impact of a strong rupee on India's key export-oriented sectors

Rupee sinks 17 paise to 64.67 on global woes

Investor sentiment soured over rising military heat in the Middle East

Rupee crumbles 28 paise on buoyant dollar, geopolitical tensions

This is the biggest single-day fall for the rupee in three months

Bond yields rise, rupee strengthens a day after monetary policy

The rupee rose to a 20-month high against the US dollar, closing at 64.28

Rupee defies global volatility, scales fresh 20-month high of 64.28

Traders and exporters offloaded long dollar bets, spooked by US air strikes against Syria

Rupee back to winning ways, gains 16 paise to 17-month high

Robust foreign portfolio investment inflows give the rupee strong underlying support

Last financial year was a great one for rupee and bonds

Movement in rupee happened in the last one month of FY17, particularly after the BJP's victory in UP

Rupee set for best Q1 since 1975 as funds pour in $12 billion

Reserve Bank of India's intervention in currency markets may intensify if inflows rise

Rupee rallies to over 17-mth high at 64.85 on bouts of dollar selling

Strengthened by 7 paise, this is the highest closing of the rupee since October 23, 2015

Rupee: Then and now

Over last eight years, rupee has depreciated against the dollar at about three per cent per annum

Rupee storms to fresh 17-month high; jumps 37 paise on panic dollar selling

This is highest closing for the domestic unit since October 28, 2015, when it had closed at 64.93

Rupee may depreciate to 68-69 range by Dec 2017: Edelweiss

The rupee has been rallying since January 2017

Rupee retreats from 17-month high, down 14 paise against dollar to 65.44

Rupee was down because of fresh dollar demand from importers

Rupee rallies to 17-month high in voltaile trading, up 6 paise at 65.30

Gains were majorly due to increased selling of US dollar by exporters and banks

Strong rupee may hurt Q4 margins of Indian IT

Indian IT services firms may see margins impacted as much as one per cent if the Indian rupee strengthens further and remains stable at Rs 65 against the US dollar. Companies such as Infosys and Wipro have struggled to maintain higher margin during the past few quarters as they witnessed continuous pricing pressure and slow growth in digital technology adoption. Analysts say during the fourth quarter of last fiscal the value of each US dollar hovered around Rs 67 and Rs 67.5 and if it improves to Rs 65, these companies may see 100-130 basis point drop in margins. "If the Indian rupee remain strong at 64-65 against US dollar, the IT services companies will see decline in margin on a sequential basis. This will also impact the earnings per share by around 5 per cent," said Madhu Babu, an IT sector analyst with brokerage firm Prabhudas Lilladher. On Thursday, the rupee closed at 65.41 against the US dollar, strongest since October 30, 2015. Babu says hedging cannot offset this impact if .

More wiggle room left for Rupee to strengthen

The rupee closed at 65.41 a dollar, strengthening as much as 65.22 a dollar in the intraday

Rupee rallies for 4th straight day, spikes 28 paise

RBI fixed the reference rate for the dollar at 65.3836 and for the euro at 70.1893

Video : Rupee hits all-time high against dollar in a year

On Thursday, the rupee opened at a one-year high of 65.4 against the USD

Rupee hits one-year high of 65.4: Where is it headed?

On Thursday, the rupee opened at a one-year high of 65.4 against the USD

Rupee hits fresh 16-month high, up 13 paise at 65.69

The domestic currency has risen 2.23% since the beginning of the year