Capital Outflows News
In its Global Economic Outlook, Fitch Ratings said India's gross domestic product (GDP) growth will slip to 0.8 percent for the year April 2020 to March 2021 (FY21) as compared to an estimated 4.9 percent growth in the previous fiscal
Rupee skids 23 paise to 73.68 against US dollar amid steady capital outflows and strengthening of American currency
The rupee opened lower at 73.58 and lost further ground to hit an intra-day low of 73.70 against the US dollar on strong demand for the American currency from importers
The rupee came under pressure following heavy selling in domestic equities and the crude oil breaching the $80 per barrel mark
Rupee slumps 30 paise to close at record low of 74.06 amid strengthening of US dollar, steady capital outflows
Rupee recovered to a high of 73.76 during intra-day trade, but failed to sustain the momentum and plunged to 74.10 and finally closed at 74.06, down by 30 paise, marking its fifth straight session of decline.
Rupee inching near 73-mark: Indian currency sinks to new low of 72.91, drops 22 paise against dollar
Rupee was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and unabated foreign fund outflows.
Rupee crashes to fresh record low of 72.69, down 24 paise on higher crude prices, capital outflows and trade war concerns
The rupee is the latest currency to be dragged down by fears that an escalating trade war could hurt global growth and severely affect Asian economies.
India-focused offshore funds and exchange-traded funds (ETFs) registered outflow of $357 million in July, taking the total withdrawals to nearly $2 billion in the first seven months of this year, according to a Morningstar report
BSE Sensex slipped 69 points to close below the key 36,000-mark following offloading of bets by retail investors and fresh capital outflows by foreign funds
The rupee fell 2.1 percent against the dollar in November, making it the worst-performing emerging Asia currency
The US Fed may have to raise interest rates for the first time in a decade in order to maintain its own monetary credibility. But there is little chance that it will continue this policy when economic revival is still fragile