The rupee fell 39 paise to an all-time low of 82.69 against the US dollar in early trade as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit
India's foreign exchange reserves fell to $532.66 billion in the week through Sept. 30, their lowest level since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed
RBI nudges banks to ease up on offshore FX positions
Banks' loans rose 16.4% in the two weeks to Sept. 23 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
The concept note presents the background, motivation, choices of design features and other policy frameworks for e-rupee system for the country
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook
India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S. Federal Reserve rate-hiking campaign
The rupee plunged 32 paise to close at an all-time low of 81.94 (provisional) against the US dollar on Thursday amid high volatility as firm crude oil prices weighed on the local unit.
Rupee notches up gains as dollar index eases; OPEC meet in focus
The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment
The rupee strengthened by 31 paise to 81.51 against the US dollar in early trade on Tuesday, tracking weakness in the greenback in overseas markets and a rally in domestic equities
Dealers say it's because of delay in index inclusion
The rupee was last trading at 81.90, down from 81.34 in the previous session. The local unit reached a record low of 81.95 last Wednesday
The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment among investors
Central bank's rate hike and easing dollar index lend support to domestic currency
The RBI's Monetary Policy Committee will announce its next statement on Friday.
Since the beginning of 2022, India's reserves have fallen 13.88 per cent from $633.6 billion to $545.6 billion
India Inc encourages FDI, raising dollar deposits from NRIs
The decline in foreign exchange reserves of the country due to the depreciation of the rupee is not a worrying factor, and there is coverage for nine months of imports, experts said here on Thursday
The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies