Page 52 - Finance News Analysis

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

Rupee slumps 34 paise to 72.85 against the US dollar in early trade

The Indian rupee slumped 34 paise to 72.85 against the US dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment

Rupee logs over 4% gain this fiscal amid headwinds on economic front

Experts said sustained foreign fund inflows into India's listed stocks ensured a strong year for the Indian currency

Investors turn bearish on Asian currencies for 1st time in a year: Report

Investors were bearish on all Asian currencies for the first time in a year as US economic outperformance and new lockdowns elsewhere muddy the outlook for risk assets

Rupee widens loss by 7 paise to 72.62 against US dollar in early trade

The Indian rupee furthered its loss by another 7 paise to 72.62 against the US dollar in early trade on Thursday amid growing concerns over surging coronavirus cases globally

India's proposed ban on cryptocurrencies not in line with major countries

In most major countries and blocs, regulators treat cryptocurrencies as assets and gains in these are taxed like financial transactions

Rupee falls 10 paise to Rs 72.53 against US dollar in early trade

The rupee depreciated by 10 paise to 72.53 against the US dollar in opening trade on Wednesday, following a heavy selloff in domestic equities and strong American currency in the overseas market

Rupee rises 3 paise to Rs 72.34 against the US dollar in early trade

The rupee advanced by 3 paise to 72.34 against the US dollar in opening trade on Tuesday, as easing crude oil prices and buying trend in equity markets lifted sentiment.

Turkish lira slums toward record low on central bank woes, yen gains

The Turkish lira slumped toward a record low versus the dollar after President Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high rates

Rupee becomes only Asian currency to gain in month of sweeping losses

The rupee has advanced 1.3% in March, boosted by $2.4 billion of overseas purchases of local stocks, including inflows related to initial public offerings

Rupee depreciates 3 paise to Rs 72.56 against US dollar in early trade

The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment

Indian-Allahabad Bank amalgamation: Changes & all the post-merger details

Despite the pandemic, the Allahabad Bank merger with Indian Bank concluded the final technical amalgamation (software integration) last month

Rupee appreciates 25 paise amid rising FPIs, declining bond yields

Currently, rupee is trading at 72.66 per dollar, against the previous close of 72.91 per dollar

Rupee inches 5 paise higher to 72.88 against US dollar in early trade

The Indian rupee inched higher on Wednesday, adding to the 32 paise jump in the previous session, tracking a pullback in US treasury yields and positive domestic equities

Rupee surges 18 paise to 73.07 against the US dollar in early trade

The rupee appreciated by 18 paise to 73.07 against the US dollar in opening trade on Tuesday supported by positive domestic equities

Rupee falls 14 paise to 73.16 against the US dollar in early trade

The Indian rupee slumped 14 paise to 73.16 against the dollar in opening trade on Monday, as rising crude oil prices and strengthening of the US currency in the overseas market weighed on sentiment

RBI's currency strategy flooding the market with more foreign funds

The RBI's outstanding forwards book grew to $28.3 billion as of November from a negative $4.9 billion in the fiscal year 2019-20, highlighting the extent of its operations

Rupee tumbles 6 paise to close at 73.02 against dollar on Budget day

The rupee depreciated by 6 paise to close at 73.02 (provisional) against the US dollar on Monday, tracking a rebound in the American currency overseas

Rupee rises to 72.88 against US dollar in early trade ahead of Budget 2021

The rupee rises by 8 paise to 72.88 against the US dollar in opening trade on Monday ahead of the Union Budget 2021-22 presentation in Parliament

Turnaround hopes for rupee fade over RBI's stance on forex reserves

The rupee is under pressure to rise on heavy foreign inflows