Rupee Depreciation

Rupee Depreciation News

Parliamentary panel plans to discuss effect of rupee depreciation on trade
India

Parliamentary panel plans to discuss effect of rupee depreciation on trade

The panel is likely to call trade bodies and top government officials to deliberate on this issue

Rupee depreciates 36 paise to close at 79.61 per US dollar amid rise in crude oil prices
Business

Rupee depreciates 36 paise to close at 79.61 per US dollar amid rise in crude oil prices

Forex traders said that the rupee would likely trade in the near future on a mixed note. FII inflows and domestic market recovery from lower levels could help the local unit

Gold prices soar Rs 187 to Rs 39,053 per 10 gram, silver jumps Rs 495 after rally in international prices, rupee fall
Business

Gold prices soar Rs 187 to Rs 39,053 per 10 gram, silver jumps Rs 495 after rally in international prices, rupee fall

Spot gold for 24 Karat in Delhi was trading higher by Rs 187 with rally in international prices and rupee depreciation, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

International Equity Funds: What you should bear in mind before investing in them?
Business

International Equity Funds: What you should bear in mind before investing in them?

International Equity Funds have a higher settlement period of up to five days as compared to three days for Indian Large Cap Funds

Rupee slips 17 paise to 69.32 against dollar in early trade amid rising tensions between US and Iran
Business

Rupee slips 17 paise to 69.32 against dollar in early trade amid rising tensions between US and Iran

The rupee opened weak at 69.29 at the interbank forex market and then fell further to 69.32, down 17 paise over its last close

US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis
Business

US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis

Higher oil prices would cause reworking of our economic indicators and policy. Higher prices will immediately impact our trade deficit as the value of imports increases.

Sensex falls over 325 points on weak global cues, slips below 38,000-mark; realty, metal, auto stocks trade in negative zone
Business

Sensex falls over 325 points on weak global cues, slips below 38,000-mark; realty, metal, auto stocks trade in negative zone

Sensex which had lost 222.14 points on Friday, was trading lower by 325.49 points, or 0.85 percent, at 37,845.24.

Jet Airways shares rise 6% after report of chairman Naresh Goyal stepping down
Business

Jet Airways shares rise 6% after report of chairman Naresh Goyal stepping down

Naresh Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51 percent stake in the airline

Rupee rises 19 paise to 70.98 against dollar in opening trade on easing crude prices
Business

Rupee rises 19 paise to 70.98 against dollar in opening trade on easing crude prices

Brent crude, the global benchmark, was trading lower at per 61.36 barrel lower by 0.45 percent.

Sensex, Nifty start on a volatile note; Sun Pharma biggest loser among pharma stocks, tanks 10%
Business

Sensex, Nifty start on a volatile note; Sun Pharma biggest loser among pharma stocks, tanks 10%

The Sensex settled 52.79 points or 0.15 percent higher at 36,374.08; and the broader NSE Nifty inched up 14.90 points or 0.14 percent to 10,905.20

Budget 2019: Govt likely to overshoot fertiliser subsidy bill by Rs 30,000 cr, banks may chip in, says report
Business

Budget 2019: Govt likely to overshoot fertiliser subsidy bill by Rs 30,000 cr, banks may chip in, says report

A rise in fertiliser prices overseas and a fall in the rupee currency also made imported fertilisers more expensive

Rupee seen facing more punishment weighed down by political uncertainty, but no new record low: Report
Business

Rupee seen facing more punishment weighed down by political uncertainty, but no new record low: Report

The rupee’s path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India’s policy.

Cash-strapped Jet Airways defaults on debt payment to banks due to 'temporary cash flow mismatch'
Business

Cash-strapped Jet Airways defaults on debt payment to banks due to 'temporary cash flow mismatch'

Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018.

Rupee falls 9 paise to 70.55 against US dollar in early trade on rising crude prices
Business

Rupee falls 9 paise to 70.55 against US dollar in early trade on rising crude prices

Crude prices are on a rebound after Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman agreed to extend their agreement to limit production to arrest a slump in global prices.

Domestic carriers may need Rs 35,000 cr capital in 3-4 years to bring down high-debt levels: Icra
Business

Domestic carriers may need Rs 35,000 cr capital in 3-4 years to bring down high-debt levels: Icra

In order to contain further losses, the domestic carriers have resorted to several measures, which include among others, rationalisation of non-fuel costs, network review,

Toyota Kirloskar Motor to hike prices of vehicles across models by up to 4% from 1 January
Business

Toyota Kirloskar Motor to hike prices of vehicles across models by up to 4% from 1 January

The company considered the price hike after periodically reviewing the continuous pressure of increasing manufacturing costs, which is also a general industry phenomenon, Toyota Kirloskar Motor said

From Q1 loss to talks of sale of airline, a timeline of Naresh Goyal-owned Jet Airways' turbulent journey
Business

From Q1 loss to talks of sale of airline, a timeline of Naresh Goyal-owned Jet Airways' turbulent journey

Jet Airways Ltd, the biggest full-service carrier in India, has been under dark clouds for the past few months.

Rupee depreciation adding pressure to raise pricing in competitive market: Xiaomi
News & Analysis

Rupee depreciation adding pressure to raise pricing in competitive market: Xiaomi

To offset the impact, prices of many products were raised by Rs 100 to Rs 2,000 starting 11 November.

With airlines' mounting losses, FIA seeks concessions from civil aviation ministry
Business

With airlines' mounting losses, FIA seeks concessions from civil aviation ministry

Airlines are battling tough business conditions amid rising fuel prices, rupee depreciation and intense competition.

Small business sentiment largely intact in September quarter despite higher oil prices, rupee fall, says survey
Business

Small business sentiment largely intact in September quarter despite higher oil prices, rupee fall, says survey

The fourth Crisidex survey, jointly undertaken by Crisil and Sidbi, said lenders' sentiment has also increased since the last survey, for which 1,100 companies have responded.