Rupee Depreciation

Study suggests absorbing inflows to avoid this; effective exchange rate index revamped

We see depreciatory pressure on the rupee due to worsening terms of trade from rising oil prices, further monetary easing, it said

The rupee depreciated by 4 paise to 73.11 against the US dollar in opening trade of the first session of the New Year as market participants remained on the sidelines due to lack of fresh cues

Rupee has depreciated 2.3 per cent in this calendar year

The rupee depreciated 16 paise to 73.95 against the US dollar in opening trade on Tuesday tracking muted domestic equities and weakened risk appetite amid concerns about a new virus strain

The rupee depreciated 8 paise to 73.63 against the US dollar in opening trade on Tuesday tracking muted domestic equities

Rising crude oil prices along with widening trade deficit have elevated the depreciation risk level for the Indian rupee during the upcoming week

The rupee depreciated 11 paise to 73.68 against the US dollar in opening trade tracking muted domestic equities and a rebound in the American currency

Depreciating rupee and weak Q2 results from blue-chips further sap risk appetite

However, the country could lose the currency edge if the monetary units of its competitors also decline, as in the case of Brazil, Indonesia and Turkey

Dollar assets also make sense if you are planning to settle abroad

The rupee declined 0.3 per cent on Friday to hit an all-time low of Rs 75.20 against the dollar

According to Sanjiv Singh, chairman of Indian Oil Corporation, each rupee depreciation results in Rs 2,500 crore of more outgo on crude oil import

Silver prices also jumped Rs 296 to Rs 47,584 per kg from Rs 47,288 per kg on Monday

Down 2% versus $ since Dec 2018, against mild appreciation in many Southeast Asian currencies

Dollar index, which measures the greenback's strength against major global currencies, rose 0.05% to 98.35

India's industrial production contracted sharply by 4.3 per cent Y-o-Y in September against the 2.5 per cent consensus. August's contraction was revised down to 1.4 per cent from 1.1 per cent.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat in Delhi were trading up by Rs 118 with recovery in global gold prices and sharp rupee depreciation.

The yield on the 10-year government security rose nearly 8 basis points to 6.71 per cent. Bond yields and prices move in opposite directions

Based on an analysis of both export and import intensive industries during April-September 2018, SBI's report 'Ecowrap' concluded that rupee depreciation has not helped exports as is widely believed