Rupee

Rupee News

Stock Market: Sensex and Nifty gains in early trade; rupee depreciates 22 paise against dollar
Business

Stock Market: Sensex and Nifty gains in early trade; rupee depreciates 22 paise against dollar

The 30-share BSE benchmark rose 111.88 points or 0.19 per cent. NSE Nifty gained 25.70 points or 0.15 per cent to cross 17,400 mark

'No need to be 'overtly' worried about fall in rupee,' says Economic Affairs Secretary Ajay Seth
India

'No need to be 'overtly' worried about fall in rupee,' says Economic Affairs Secretary Ajay Seth

The rupee for the first time touched a low level of 80 against the US dollar in intra-day spot trading at the interbank foreign exchange market on Monday

Explained: What the rupee falling to low of 80 against US dollar means for you
Business

Explained: What the rupee falling to low of 80 against US dollar means for you

The Indian currency dropped to a record low of 80.05 against the US dollar. From more expensive holidays to costlier mobile phones, here’s how the rupee depreciation affects you

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

Two people arrested with Rs 62 lakh face value demonetised notes from East Delhi's Laxmi Nagar
India

Two people arrested with Rs 62 lakh face value demonetised notes from East Delhi's Laxmi Nagar

A bag and a pollybag containing old currency notes of Rs 1,000 and Rs 500 denominations, totally carrying a face value of 61,97,000, were recovered from two people near the Laxmi Nagar Metro station

RBI further liberalises norms to boost forex inflows amid rupee volatility
Business

RBI further liberalises norms to boost forex inflows amid rupee volatility

The measures taken by the central bank come against the backdrop of the rupee depreciating by 4.1 per cent against the US dollar in the financial year so far (up to 5 July)

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

US Fed hikes interest rate: Why it is trying to tame inflation and impact on India's economy
India

US Fed hikes interest rate: Why it is trying to tame inflation and impact on India's economy

The Federal Reserve interest hike of 75 bps could trigger a churn in equity markets, cool off investor enthusiasm and further weaken the Indian currency against the Greenback

Rupee falls to all-time low of 78.29 against US dollar in early trade
India

Rupee falls to all-time low of 78.29 against US dollar in early trade

Forex traders said weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows weighed on investor sentiments

Rupee hits record low of 77.82 against US dollar in early trade
World

Rupee hits record low of 77.82 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 103.17

PM Modi integrated J&K, but railways emasculated, says Metro Man E Sreedharan to News18
India

PM Modi integrated J&K, but railways emasculated, says Metro Man E Sreedharan to News18

E Sreedharan lauded the PM for initiatives like Swachh Bharat and Atmanirbhar Bharat, and abrogation of Article 370 sections in Jammu and Kashmir, but he also expressed concern at 'too much government' and rising inflation

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

Rupee surges 18 paise to close at 76.43 against US dollar
Business

Rupee surges 18 paise to close at 76.43 against US dollar

The rupee finally closed at 76.43, registering a rise of 18 paise over its previous close

Stock markets to witness volatility with domestic factors driving sentiment this week, say analysts
Business

Stock markets to witness volatility with domestic factors driving sentiment this week, say analysts

Also movement of the rupee, Brent crude and foreign institutional investors (FIIs) would be keenly watched by investors

Recep Tayyip Erdogan replaces finance minister as Lira hits record low against Euro
World

Recep Tayyip Erdogan replaces finance minister as Lira hits record low against Euro

Nureddin Nebati, who replaced Lutfi Elvan, earlier served as deputy finance minister and has expressed his determination to continue the policy of lowering the discount rate

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 slips by six paise to 75.02 against US dollar in opening trade
Business

Rupee slips by six paise to 75.02 against US dollar in opening trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 percent to 93.88

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