Page 29 - Finance News Analysis

Rupee hits record low for a third straight session; touches 79.66 vs dollar

The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of US inflation data

Taper tantrum playbook key for RBI as rupee continues slide to record lows

The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened

Rupee down 15 paise to new low of 79.60 against US dollar

A strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow

Rupee drops 19 paise to new low of 79.45 against USD amid FPI outflows

However, receding crude oil prices in the international market restricted the loss for the rupee, which posted its third straight session of decline

Rupee down 7 paise to 79.33 a dollar amid muted trend in domestic equities

At the interbank foreign exchange, the rupee opened weak at 79.30 against the American dollar and slipped further to quote at 79.33, a decline of 7 paise over its last close

Unhedged exposure via external commercial borrowing new threat to rupee

According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022

Yen cedes gains after ex-PM Abe shooting, euro-dollar hovers near parity

By Joice Alves and Sujata Rao

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion

Rupee falls 12 paise to 79.25 against dollar amid foreign fund outflows

At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise from the last close

Rupee's slide to successive record lows pits RBI against mkt full of bears

The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses

Rupee resumes slide, tumbles 19 paise to 79.13 against US dollar

Resuming its slide after a day's pause, the rupee declined 19 paise to close at 79.13 against the US dollar on Thursday

Rupee falls 12 paise to 79.06 against dollar amid fears of Fed rate hike

On Wednesday, the rupee closed at 78.94 against the US dollar

Rupee springs back 39 paise to close at 78.94 against US dollar

The rupee sprung back 39 paise its best single-day gain in over three months to close at 78.94 against the US currency on Wednesday after a sharp correction in crude oil

RBI measures should help rupee outperform peers in emerging mkts: Experts

The slew of measures announced by Reserve Bank of India (RBI) on Wednesday to enhance foreign exchange inflows should help rupee to outperform its peers in emerging market economies, experts said.

Euro falls lowest since 2002 against USD on concerns over energy prices

Euro drops to its lowest since two decades over energy supply concerns

Rupee rises 3 paise to close at 79.30 against USD as oil prices fall

The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows.

Rupee rises 9 paise from record low to 79.24 against dollar in early trade

In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar

Rupee declines by 38 paise to new low of 79.33 against USD on CAD concerns

The currency's slump comes a day after data showed India's trade deficit ballooned to a record $25.63 bn on account of a steep increase in gold and crude oil imports

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront