Central bank's rate hike and easing dollar index lend support to domestic currency
Currency closes at 81.85/$, 9 p higher than previous close
India Inc encourages FDI, raising dollar deposits from NRIs
Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the faltering global economic outlook clouding market sentiment
RBI may have sold more than $1 bln in FX mkt, prevented rupee from breaching 82/$1
As the dollar eased, the pound rose 1% in Asia to $1.0805 and is up nearly 5% from Monday's low at $1.0327. The kiwi also rose 1%, its first gain in seven sessions, the euro rose 0.5% and the Aussie r
The rupee has depreciated 9.7 per cent against the dollar since September 2021
RBI may have sold around $1 bn, but experts see pace of intervention declining
Indian indices better off in 2022, down less than 2 per cent
The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of 442.3 bps
In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure
Bullion's extended retreat -- with prices on course for a sixth consecutive monthly drop in September -- has driven prices close to bear-market territory
The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session
Putin ordered Russia's first mobilisation since World War Two, warning the West that if it continued what he called its "nuclear blackmail" that Moscow would respond with might of all its vast arsenal
Analysts expect rupee to trade in the range of 78-80 per dollar, for now
The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday
RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards
Use current correction to build a 10-15% allocation to yellow metal
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr