Page 28 - Finance News Analysis

Trade in rupee: A little step forward but nothing more

Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree to that

Business Standard poll: The worst may soon be over for rupee, say experts

Currency seen at 80.20/$ by July end, stabilising at 80.50 in Sept

Going on eighty: Rupee continues to test new lows against US dollar

It's too early to say if the central bank's recent measures will offer relief any time soon

Rupee fall fuels inflation, but makes exports competitive: Experts

Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts.

Reserve Bank remains net buyer of US currency in May; buys $2 billion

The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.

Forex reserves fall $8.062 bn to $580.252 bn in week ended July 8: RBI data

During the reporting week ended July 8, the decrease in the reserves was on account of a fall in the Foreign Currency Assets, a major component of the overall reserves, and in gold reserves, RBI said.

Rupee recovers 8 paise on Friday, closes at 79.91 against US dollar

At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82

Rupee at lifetime low to hit imports, overseas education, travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price

Rupee up 7 paise to 79.92 per dollar amid firm trend in domestic equities

At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

As rupee falls, spread between India and US bond yields tightens

In comparison, the recent decline in the yield spread is because bond yields in the US have risen faster than in India

Rupee has now crossed age of 'margdarshak mandal': Congress' dig at govt

The Congress on Thursday took a dig at the government after the rupee almost touched the Rs 80-mark against the US dollar, saying the currency has crossed the age of "Margdarshak Mandal".

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The domestic currency, which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

Rupee drops 9 paise to hit new low of 79.90 against US dollar

The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows.

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs

The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession

Singapore further tightens monetary policy, rises mid-point of its dollar

The Monetary Authority of Singapore (MAS) further tightened its policy stand by raising the mid-point of the Singapore dollar Nominal Effective Exchange Rate policy band to its prevailing level

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further

Rupee drops by 22 paise to new low of 79.81 against US dollar

The rupee declined by 22 paise to close at a record low of 79.81 against the US currency on Wednesday after the dollar surged to a 20-year high in overseas markets

Rupee drops to new low of 79.62 against USD amid domestic equities' losses

At the interbank forex market, the local unit opened strong at 79.55 against the greenback but could not hold on to gains and slipped in the negative territory