Page 24 - Currency

Asian shares set to end 2020 at record high, riskier currencies in favour

Asian shares edged up and were set to end a tumultuous 2020 at record highs, while growing investor hopes for a global economic recovery caused the dollar to fall further against most major currencies

Rupee surges 9 paise to 73.33 against the US dollar in early trade

The rupee appreciated by 9 paise to 73.33 against the US dollar in opening trade on Wednesday supported by sustained foreign fund inflows and weakness in the American currency in the overseas market

Rupee rises 11 paise to 73.38 against the US dollar in early trade

The rupee added another 11 paise to trade at 73.38 against the US dollar in opening session on Tuesday in line with stronger Asian peers and positive domestic equities

Rupee rises 4 paise to 73.51 against the US dollar in early trade

The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment

Rupee surges 14 paise to 73.62 against US dollar in early trade

The rupee appreciated 14 paise to 73.62 against the US dollar in opening trade on Thursday as sustained foreign fund inflows and hectic buying in domestic equities strengthened investor sentiment

Rupee slips 6 paise to 73.90 against US dollar in early trade

The rupee depreciated 6 paise to 73.90 against the US dollar in opening trade on Wednesday in line with weaker Asian peers amid concerns over a new coronavirus strain.

Rupee depreciates 16 paise to 73.95 against US dollar in early trade

The rupee depreciated 16 paise to 73.95 against the US dollar in opening trade on Tuesday tracking muted domestic equities and weakened risk appetite amid concerns about a new virus strain

Rupee declines 17 paise to 73.73 against US dollar in early trade

The rupee declined 17 paise to 73.73 against the US dollar in opening trade amid weak domestic equities and strengthening American currency in the overseas market

Rupee appreciates 6 paise to 73.52 against US dollar in early trade

The rupee appreciated 6 paise to 73.52 against the US dollar in opening trade as sustained foreign fund inflows and positive domestic equities strengthened investor sentiment

India wants a V-shaped recovery at any cost. But what will RBI do?

How RBI manages recovery demand against threats to financial stability from cheap money may be a more important story for India investors in 2021 than the standard growth versus inflation trade-off

US puts India on currency watch list, labels Switzerland as manipulator

Others on the list include China, Japan, Korea, Germany, Italy, Singapore and Malaysia

Rupee surges 15 paise to 73.48 against the US dollar in early trade

The rupee appreciated 15 paise to 73.48 against the US dollar in opening trade as sustained foreign fund inflows and hectic buying domestic equities strengthened investor sentiment

Rupee depriciates 8 paise to 73.63 against US dollar in early trade

The rupee depreciated 8 paise to 73.63 against the US dollar in opening trade on Tuesday tracking muted domestic equities

Indian rupee at a higher risk of depreciation as oil prices surge

Rising crude oil prices along with widening trade deficit have elevated the depreciation risk level for the Indian rupee during the upcoming week

Cuba to drop dual currency in its first devaluation since revolution

Cuba said it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rate system in a bid to improve business conditions

Indian rupee weakens 11 paise to 73.68 against US dollar in early trade

The rupee depreciated 11 paise to 73.68 against the US dollar in opening trade tracking muted domestic equities and a rebound in the American currency

Rupee rises 16 paise to 73.77 against US dollar as RBI keeps rate unchanged

The rupee appreciated by 16 paise to 73.77 against the US dollar in the opening session as the Reserve Bank of India maintained status quo on benchmark interest rate for the third time in a row

Aim long term for a strong currency

Strong currencies reflect strong economies

Rupee appreciates 11 paise to 73.77 against US dollar in early trade

The rupee appreciated 11 paise to 73.77 against the US dollar in the opening session on Friday on sustained foreign fund inflows and weak American currency

Rupee rises 7 paise to 73.84 against US dollar in early trade

The rupee appreciated 7 paise to 73.84 against the US dollar in the opening session on Thursday on sustained foreign fund inflows and weak American currency