Page 86 - Finance News Analysis

Rupee cracks to 2016-low on funds exodus; ends at 68.76

Massive funds outflows in the wake of impending US Fed rate hike and a bullish dollar overseas have hit the rupee sentiment

Economists say external and internal factors to blame for rupee fall

The rupee closed at a 39-month low of 68.73 against the dollar, within striking distance of its record low of August 2013

BS People: Pranab Kumar Choudhury

Chairman by chance, not design

Rupee crashes below 68 level; ends at 9-mth low on dollar shock

Imminent higher interest rate environment arising out of the US Fed Reserve's hawkish tone along with heavy capital outflows took a toll on the rupee

Forex reserves down $1.19 bn to $367 bn

Foreign currency assets, a major component of the overall reserves, dipped by $1.155 billion to $342.772 billion

Rupee recovers 12 paise to end at 67.82; snaps 4-day losing streak

Decision to maintain a positive outlook on India's Baa3 rating by Moody's also weighed on the trade on Thursday

Rupee tumbles by 20 paise to 67.94 against a strong dollar

However, in late afternoon trade, the rupee slid in line with retreating stock markets and touched an intra-day low of 67.97 per dollar

Rupee halts two-day fall on soft $; up 8 paise at 66.79

India's forex reserves rise $1 bn to $367.14 bn

Accept Rs 500, Rs 1,000 notes after careful scrutiny, warns RBI

The central bank has cautioned the public to subject notes that are accepted to careful scrutiny

RBI could bring in 50 bps rate cut by April: BofA-ML

The report further said that though the RBI is expected to cut 25 bps each on February 7 and April

Forex reserves touch record high of $372 bn

RBI sets rupee reference rate at 66.7875 against US dollar

Exchange rates for pound and yen were based on reference rates for the dollar and cross-currency quotes at noon

Sterling hit by 'flash crash' in biggest fall since Brexit

Comments from French President Francois Hollande calling for tough negotiations with Britain over its exit were also cited

How MPC changes the policy game

MPC has been tasked with deciding benchmark interest rates, which the RBI governor did so far

Space emerges for further easing

With little visible upside pressure on oil prices or core inflation, we might be entering a prolonged period of very low inflation

Will RBI press the pause button on Tuesday?

RBI takes Fed route on monetary policy

MPC will meet on Oct 3 & 4, before announcing rates at 2.30 pm on Day 2

Forex reserves rises $1.2 bn to $371 bn

In the previous week, the reserves had declined by $1.679 billion to $369.6 billion

RBI to rely more on liquidity than rates

Better monsoon rains after two back-to-back droughts and lingering weaknesses in manufacturing have again opened the case for aggressive rate cuts