Page 50 - Finance News Analysis

Rupee extends losses for third session, breaches 73-mark against US dollar

The currency fell by 9 paise

Rupee falls for second day, settles 8 paise down at 72.97 against US dollar

This comes amid a lacklustre trend in domestic equities.

Forex volatility falls to pre-pandemic lows as traders wait it out

The Deutsche Bank Currency Volatility Index hit its lowest since February last year.

Rupee falls by 9 paise to 72.89 against US dollar amid weakness in equities

However, a fall in crude oil prices restricted the rupee's fall

As India's forex reserves cross $600 bln, liquidity gush to fuel equities

Experts say there's liquidity in the system.

Rupee settles 8 paise lower at 72.99 against US dollar amid RBI policy move

Brent crude futures, the global oil benchmark, rose 0.49 per cent to USD 71.66 per barrel.

Rupee depreciattes 16 paise to 73.07 against US dollar in early trade

The Indian rupee slumped 16 paise to 73.07 against the US dollar in opening trade on Friday after the Reserve Bank kept policy rates unchanged for the sixth time in a row

Rupee depreciates 9 paise to 73.18 against US dollar in early trade

The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.

Rupee depreciates 27 paise to 73.17 against US dollar in early trade

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency

Rupee falls for 2nd day, declines 28 paise to 72.90 against dollar

Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities

Rupee snaps three-day winning streak, drops 17 paise to 72.62/USD

The rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.

Rupee likely to remain volatile amid Covid blues this fiscal: Experts

Shrugging off pandemic-induced economic woes, the Indian rupee has witnessed significant appreciation in the first two months of the current fiscal

Rupee gains for 3rd straight session; rises 15 paise to 72.45 against USD

On Thursday, the rupee had settled at 72.60 against the US dollar.

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Ensure FCRA accounts opened for NGOs in 10 days of MHA approval: HC to SBI

The Delhi High Court on Thursday directed the State Bank of India (SBI) to ensure it opens FCRA accounts for NGOs within 10 days of receiving approval from the Centre.

Foreign currency deposits lose sheen due to stable rupee

The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17

Forex reserves rise by $1.444 billion to $589.465 billion: RBI data

The country's foreign exchange reserves increased by $1.444 billion to $589.465 billion in the week ended May 7, 2021, shows RBI data

India's reserves adequacy improved to 18.6 months in December 2020

As at end-March 2021, RBI held 695.31 tonnes of gold--403.01 tonnes overseas with the Bank of England and Bank of International Settlements, and 292.30 tonnes domestically

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Inflation woes push US stocks to 1-month low; dollar struggle

Investors bet that rising inflation could erode the currency's value