Page 27 - Finance News Analysis
Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
 "Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars")
'RBI's rupee trade settlement a step towards internationalisation of rupee'
The announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts.
 "'RBI's rupee trade settlement a step towards internationalisation of rupee'")
Dollar edges down vs euro as traders eye ECB's rate decision on Thursday
By Saqib Iqbal Ahmed
 "Dollar edges down vs euro as traders eye ECB's rate decision on Thursday")
Rupee closes below 80 mark for first time against dollar
The rupee declined 13 paise to close below the 80 mark for the first time against the US currency on Wednesday due to strong dollar demand from importers amid high crude oil prices.
 "Rupee closes below 80 mark for first time against dollar")
Amid hiked dollar demand from oil importers, rupee falls 4 paise to 79.96
The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and firm crude oil prices
With rupee at 80, how to tackle cost of studying and travelling abroad
Education consultants advise parents to prepare for at least 2% annual increase in costs for children abroad
 "With rupee at 80, how to tackle cost of studying and travelling abroad")
Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention
The rupee has depreciated 7.01 per cent against the dollar this year
 "Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention")
Rupee at 80: Neutral impact for India's pharma industry, say experts
India's pharma sector exported drugs worth Rs 1.8 trillion in 2021-22, while APIs worth Rs 30,000 crore were imported
 "Rupee at 80: Neutral impact for India's pharma industry, say experts")
Rupee at 80 to the dollar: IT services and tech industry to get a leg up
As the rupee touches 80 to the dollar, the extent of gains for Indian companies may differ basis their exposure to non-US regions and the performance of their currencies
 "Rupee at 80 to the dollar: IT services and tech industry to get a leg up")
Rupee at 80 to the dollar: Forex deficit to hurt India Inc's margins
As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India
 "Rupee at 80 to the dollar: Forex deficit to hurt India Inc's margins")
Rupee at 80: How top Indian companies hedged themselves for dollar
Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions
 "Rupee at 80: How top Indian companies hedged themselves for dollar")
No need to be 'overtly' worried about fall in rupee: DEA Secretary
The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro.
 "No need to be 'overtly' worried about fall in rupee: DEA Secretary")
Rupee rises 6 paise to close at 79.92 against USD as equities turn positive
At the interbank forex market, the local unit opened lower at 80.00 against the greenback and fell further to an intra-day low of 80.05.
 "Rupee rises 6 paise to close at 79.92 against USD as equities turn positive")
Rupee at 80: How have other currencies performed in the last six months
The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19
 "Rupee at 80: How have other currencies performed in the last six months")
Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain
Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins
 "Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain")
Rupee declines to record low of 80.01 to a dollar as foreign funds exit
The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum
 "Rupee declines to record low of 80.01 to a dollar as foreign funds exit")
Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark
The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Rupee appreciates 6 paise to 79.76 against dollar in early trade
The rupee appreciated 6 paise to 79.76 against the US dollar in early trade on Monday as a positive trend in domestic equities supported the local unit
Rupee close to 80 per dollar: How RBI steps may help stabilise it
Over the past month, the RBI has also taken several steps to attract fresh overseas capital to Indian markets
