Page 21 - Finance News Analysis
India's current account deficit likely jumped to a near-decade high: Poll
India's current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices and the biggest capital outflows
 "India's current account deficit likely jumped to a near-decade high: Poll")
Bond yields rise 8 bps, as OIS rates surge on US inflation data
The rupee weakened versus the dollar as the market braced for a possible 100-basis-point rate hike by the Federal Reserve next week following a higher-than-expected inflation print in the US
 "Bond yields rise 8 bps, as OIS rates surge on US inflation data")
Indian rupee weakens 0.3% to 79.69 as oil companies soak up dollars
The rupee snapped a four-day winning streak on Wednesday after hotter-than-expected US consumer inflation data earlier this week bolstered bets of a third large rate hike by the Fed next week
 "Indian rupee weakens 0.3% to 79.69 as oil companies soak up dollars")
Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns
On Wednesday, the rupee declined by 35 paise to close at 79.52 against the US currency
 "Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns")
Rupee slides as US CPI data stokes speculation of 100 bps Fed hike
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook
Rupee had opened at 79.60, but managed to claw back from its fall, helped by Indian shares recouping a large part of their losses
 "Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook")
Rupee depreciates 43 paise to 79.60 against US dollar in early trade
The rupee depreciated by 43 paise to 79.60 against the US dollar in opening trade on Wednesday, as higher-than-expected US CPI print resulted in massive risk-off sentiments
Rupee doesn't need defending, it can take care of itself: CEA Nageswaran
Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond
 "Rupee doesn't need defending, it can take care of itself: CEA Nageswaran")
Bond yields drop, rupee logs biggest single-day gain since July 27
The rise in bond prices came despite an increase in India's consumer price index inflation, which strengthens the case for the Reserve Bank of India to continue tightening monetary policy
 "Bond yields drop, rupee logs biggest single-day gain since July 27")
Top headlines: Rupee at 5-week high; Infosys says no to moonlighting
As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.
Rupee climbs to 5-week high on dollar inflows, breaches key level
The rupee closed at 79.1475 per US dollar, compared with the previous close of 79.5225, notching up its best session this month
India is not defending rupee, it can take care of itself: CEA Nageswaran
Chief Economic Advisor V Anantha Nageswaran said India is not defending the rupee and the RBI is taking steps to ensure that the movement of the rupee is gradual and in line with market trends
 "India is not defending rupee, it can take care of itself: CEA Nageswaran")
Rupee appreciates 28 paise to 79.25 against US dollar in early trade
The rupee appreciated 28 paise to 79.25 against the US dollar in opening trade on Tuesday, tracking the dollar's decline versus its major peers and foreign fund inflows
Drop in India's forex reserves worrisome as inflows slow down: Economists
India's forex reserves declined to $553.1 bn in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 bn from the previous week, RBI data showed on Friday
 "Drop in India's forex reserves worrisome as inflows slow down: Economists")
Rupee depreciates by 10 paise to 79.67 against US dollar in early trade
The rupee depreciated by 10 paise to 79.67 against the US dollar in opening trade on Monday, even as the equity market opened on a positive note.
 "Rupee depreciates by 10 paise to 79.67 against US dollar in early trade")
India's foreign exchange reserves fall to lowest in 23 months
RBI's defence of the rupee cited as reason
 "India's foreign exchange reserves fall to lowest in 23 months")
Rupee appreciates 8 paise against US dollar to 79.61 in early trade
The rupee appreciated 8 paise to 79.61 against the US dollar in opening trade on Friday, tracking the dollar's decline versus its major peers and foreign fund inflows
 "Rupee appreciates 8 paise against US dollar to 79.61 in early trade")
Bonds, rupee strengthen as crude oil prices fall below $90 a barrel
Hope of global index inclusion drags down bond yields, FPI flows bolster rupee
Rupee rises 23 paise to close at 79.72 vs dollar amid easing crude prices
The rupee appreciated 23 paise to close at 79.72 (provisional) against the US dollar on Thursday amid easing crude oil prices and a firm trend in domestic equities
RBI releases 'alert list' of 34 entities barred from forex trades
List not exhaustive, must not assume those not on it are authorised for such trades
 "RBI releases 'alert list' of 34 entities barred from forex trades")
