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Rupee rebounds from lifetime low, closes 25 paise higher at 82.75 against US dollar
Business

Rupee rebounds from lifetime low, closes 25 paise higher at 82.75 against US dollar

The local currency recovered on suspected RBI intervention after hitting a record low of 83.29 during the session. Fag-end buying in domestic equities also bolstered sentiment

Pound hits record low against dollar, markets hit by recession fears
World

Pound hits record low against dollar, markets hit by recession fears

Officials in several countries, including the United States, Britain, Switzerland and Sweden announced more increases in the cost of borrowing

Dollar index highest in 20 years; British pound hits new 37-year low
Business

Dollar index highest in 20 years; British pound hits new 37-year low

This comes in the wake of Vladimir Putin's announcement of ‘partial mobilisation’ in Ukraine and Federal Reserve preparing a third rate hike to combat decades-high inflation in the country

Early trading sees Rupee rise 5 paise to 79.47 against US dollar
World

Early trading sees Rupee rise 5 paise to 79.47 against US dollar

On Wednesday, the rupee declined by 35 paise to close at 79.52 against the US currency, and today it witnessed a rise by 5 paise and closed at 79.47.

Rupee falls 4 paise to close at 79.88 against US dollar on rising crude oil prices
Business

Rupee falls 4 paise to close at 79.88 against US dollar on rising crude oil prices

At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency

From 4 to 80: A look back at the journey of rupee since India's Independence
Business

From 4 to 80: A look back at the journey of rupee since India's Independence

Since the economic reforms of 1991, the rupee has been depreciating at the rate of 3.74 per cent on compound annual growth rate against the US dollar because of inflation and interest rate differential between the US and India

Oil prices tumble nearly 5% as China's economy stutters
Business

Oil prices tumble nearly 5% as China's economy stutters

China's central bank slashed key interest rates in a surprise move Monday as a raft of data showed weakness in the world's second-largest economy

Rupee briefly touches 80/USD mark before settling at 79.97 against US dollar
Business

Rupee briefly touches 80/USD mark before settling at 79.97 against US dollar

The rupee weakened in the latter half of the day on surge in crude oil prices and selling pressure by FIIs. FII outflows rose to Rs 1,649 crores on Friday

Why dollar is in demand, why rupee is depreciating and what experts think happens next
Business

Why dollar is in demand, why rupee is depreciating and what experts think happens next

The rupee has actually held up pretty well against the dollar (which itself has risen 13 per cent in 2022) when compared to the performance of other currencies including the pound, the euro and the Japanese yen

'RBI's new international trade settlement move to reduce pressure on rupee,' say experts
Business

'RBI's new international trade settlement move to reduce pressure on rupee,' say experts

Amid ongoing rupee weakness, the steps appear to be aimed at reducing demand for foreign exchange by promoting rupee settlement of trade flows, Barclays MD & Chief India Economist Rahul Bajoria said

Rupee recoups early losses to close almost flat at 78.95 against dollar
Business

Rupee recoups early losses to close almost flat at 78.95 against dollar

At the interbank forex market, the local unit opened lower at 78.97 against the greenback and fell to an intra-day low of 79.06. It finally settled at 78.95, down by 1 paisa from its previous close of 78.94

Rupee relatively better placed than other global currencies against dollar, says Nirmala Sitharaman
Business

Rupee relatively better placed than other global currencies against dollar, says Nirmala Sitharaman

The rupee breached Rs 79 per dollar for the first time ever on Wednesday and has also hit a series of lifetime lows this month

Cryptos can lead to dollarisation of economy: RBI officials to par panel
Business

Cryptos can lead to dollarisation of economy: RBI officials to par panel

There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion

IMF is wrong: India doesn’t have to wait till 2029 to be a $5 trillion economy; it can still be done by 2025
Opinion

IMF is wrong: India doesn’t have to wait till 2029 to be a $5 trillion economy; it can still be done by 2025

The intentions, estimates, and projections of the International Monetary Fund should always be taken with a pinch of salt. Here’s why

India's forex reserves slide to $600.42 billion; seventh straight weekly fall
Business

India's forex reserves slide to $600.42 billion; seventh straight weekly fall

India's forex reserves have fallen sharply after touching an all-time high of $642.453 billion on 3 September, 2021

Russian finance minister urges BRICS to band together to mitigate economic crisis
World

Russian finance minister urges BRICS to band together to mitigate economic crisis

Anatoly Siluanov blamed economic sanctions on Russia for ‘destroying the foundation of the existing international monetary and financial system based on the US dollar’ and urged BRICS to rely more on their national currencies in foreign trade

Rupee rises 16 paise against US dollar in early trade; dollar index up by 0.04%
Business

Rupee rises 16 paise against US dollar in early trade; dollar index up by 0.04%

The global oil benchmark Brent crude futures fell 2.03 percent to USD 82.86 per barrel

Rupee recovers 12 paise to end at 74.96 against US dollar
Business

Rupee recovers 12 paise to end at 74.96 against US dollar

At the interbank forex market, the local unit opened at 75.05 against the greenback and witnessed an intra-day high of 74.95 and a low of 75.17 during the day trade

Rupee goes up 14 paise to 74.44 against US dollar in early trade
Business

Rupee goes up 14 paise to 74.44 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened at 74.49 against the dollar, then inched higher to 74.44

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment
Business

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy