Page 23 - Finance News Analysis

Rupee set to test fresh lows as Powell dispels hopes of softer Fed

But depreciation likely to be orderly because of RBI support, FPI inflows

Forex reserves fall $6.7 bn to $564 bn in 7 days, at 2-yr low: RBI

The central bank has been selling dollars in the foreign exchange market aggressively to curb any sharp fall in the rupee, which is one of the main reasons for the reserves to fall

Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech

However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said.

Rupee to remain under pressure despite RBI support, says Societe Generale

Rupee is likely to struggle against the dollar as slowing global growth and the Federal Reserve's interest rate stance overshadows RBI's intervention, suggested Societe General

Rupee rises by 6 paise to 79.86 against US dollar in opening trade

The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities

Dollar holds firm against euro, sterling as Jerome Powell speech day dawns

The dollar held onto recent gains against the euro and sterling on Friday ahead of Federal Reserve Chair Jerome Powell's widely-anticipated speech, which traders hope will offer clues on the U.S. cent

Rupee falls 7 paise to close at 79.93 against US dollar amid oil surge

Forex traders said market participants remained cautious ahead of the speech by the Federal Reserve chairman at the Jackson Hole symposium

Amid hefty FPI flows, rupee turns into outperformer among EM peers

Rupee performs better than 11 emerging market currencies amid jump in US dollar index

Rupee worries force India's importers to hedge extra: An analysis

Foreign investors have withdrawn almost $25 bn from Indian equity and debt markets so far in 2022, as money rushes back into higher yielding dollars

Rupee seen firming to 78.5-79.5 against dollar by FY23-end: HDFC Bank

The rupee has has weakened 7.5% so far in the 2022 calendar year, trading close to a record low of 80.0650 hit last month, as aggressive rate hikes by the Federal Reserve sent the dollar rallying

Indian rupee at 4-week low; set to breach 80-level against USD, say traders

The partially convertible rupee fell 0.1% to 79.875, having dropped to its lowest level since July 27 at 79.9125.

AT1 bond issuances likely to fall to around Rs 200 bn in FY2023: Icra

The additional tier 1 (AT1) bond issuances are likely to fall sequentially to around Rs 200 billion in FY2023, from an all-time high of nearly Rs 428 billion in FY2022

Rupee at fair value despite balance of payment problems: JPMorgan analyst

Rupee's fair value is around 80 against the U.S. dollar, given the country's balance of payment challenges and the Reserve Bank of India's interventions: JPMorgan

Foreign exchange reserves fall $2.24 bn to $570 bn; FCA dips to $506.9 bn

The country's foreign exchange reserves fell $2.238 billion to $570.74 billion in the week ended August 12, according to the Reserve Bank of India (RBI) data

Rupee falls by 12 paise to 79.76 against US dollar in opening trade

The rupee depreciated 12 paise to 79.76 against the US dollar in opening trade on Friday, tracking the strength of the American currency in the overseas market

RBI steps in as rupee slides on corporate outflows; bond yields jump

Bond yields jump as traders lock in profits after speculative rally on Wednesday

Forex market intervention aims met with lower fall in reserves: RBI article

The RBI intervenes in the foreign exchange market through sales or purchases of dollars to curb excessive volatility in rupee

RBI turns net seller of US currency in June; sells $3.719 bn: Data

Reserve Bank of India turned net seller of the US currency in June after it sold $3.719 bn on a net basis, the central bank data showed

We expect rupee to trade in 79.25-79.75 per dollar range: BoB report

The Indian rupee is expected to trade in the 79.25-79.75 per US dollar range in the coming days due to easing crude oil prices and continued inflows by foreign investors, the Bank of Baroda said

Baroda BNP Paribas MF mobilises Rs 1,400 cr from flexi-cap scheme NFO

Baroda BNP Paribas Mutual Fund on Thursday said it has collected over Rs 1,400 crore from its flexi-cap scheme during the New Fund Offering (NFO) period.