Page 75 - Finance News Analysis

Rupee crashes by 56 paise to close below 68 level against US dollar

The domestic currency closed sharply down at 68.07/08 per dollar against the previous close of 67.51 per dollar on heavy dollar demand

FPIs pull out Rs 156 bn from Indian mkt on crude prices, US-China trade war

Market experts believe that weak rupee, uncertainty over global crude prices as well as US-China trade relations have affected sentiment among foreign investors

Rupee settles at 13-month low of Rs 66, plunges 32 paise against US dollar

The rupee has dropped by more than 1 per cent in April and by 3.52 per cent this year so far

Domestic factors, rather than US watchlist inclusion, concern for rupee

India's goods surplus with the US was $23 billion in 2017, much lower than China's $375 bn

Rupee falls by 15 paise to near 7-month low of 65.64 against US dollar

This is the weakest close for the Indian currency since September 27, 2017 when it had ended at 65.72

FDI inflows expected to surge around $75-billion in 5 years: UBS report

The report also noted that India needs to focus on attracting stable FDI flows to improve competitiveness of manufacturing sector

Forex reserves at life-time high of $424 bn as foreign currency assets rise

In the previous week, the reserves had increased by $1.197 billion to $422.532 billion

Rupee surges 18 paise on bullish RBI growth call, low inflation forecast

The home currency touched a high of 64.95 in early trade against the greenback

Ahead of RBI meet, rupee jumps 17 paise to 65.01 against US dollar

Bullish performance of the local equity markets despite global stock rout further weighed on the trading mood

Insurance blockchain to ease consumers' burden

Life insurance companies asserted that the blockchain being created has strict protocols to leave no room for manipulation and exploitation

India's forex reserves rise by $1.19 bn to $422.53 bn as on Mar 23: RBI

India's Forex reserves comprise of foreign currency assets, gold reserves, special drawing rights and the RBI's position with the International Monetary Fund

Rupee tanks 21 paise amid fiscal deficit woes and global trade war

The domestic unit touched an intra-day low of 65.30 in a volatile trade before regaining some lost ground

Rupee scales new 2-week high of 64.87, soars 14 paise vs dollar

Most Asian currencies were trading higher after signs that the United States can reach an agreement with China over trade tariffs

Despite record forex reserves, India's external finances at risk: UBS

The rupee is already among the worst performing currencies in Asia this year as foreigners pull money out of bonds and inflows into stocks slow

Rupee may come under pressure as economy shows signs of stress: Experts

Rupee has already lost little more than 2% against the dollar since the beginning of the year

ED seized assets worth Rs 71 bn in bank scam cases in Jan-Feb: Govt

These cases also included cases of possessing disproportionate assets, Union Minister of State for Finance said

Rupee wipes out three-day gains, tumbles 25 paise to 65.14 against dollar

Fresh capital outflows also kept forex traders highly nervous despite a relief rally in local equities

Rupee remain under pressure, drops 8 paise to 64.87 against dollar

Market nervousness over possible fiscal slippages due to a sudden spike in global crude prices along with massive capital outflows added to the volatility

Rs 114-bn PNB fraud adds to Rupee's woes as banks may tighten trade credit

The rupee is set for its worst week since September as traders cite enhanced demand for dollars in spot and forwards market

Rupee rebounds 31 paise to 64.73 as US Fed may go slow on rate hikes

The latest Fed policy-meeting minutes had cemented expectations of more aggressive US rate hikes this year