Page 3 - Dollar

From ₹70 to ₹90 vs the dollar: Is a weaker rupee good or bad for Indian Economy? | Business news

Is a weaker rupee good or bad for India's economy? From rising inflation and trade deficits to the RBI’s role in currency stability, we break it all down.

Indian Rupee opens stronger at 85.71/$; Set for 2.5% drop in FY25

The domestic currency opened 7 paise stronger at 85.71 against the greenback after closing at 85.79 on Thursday

Indian Rupee opens 20 paise weaker as dollar rises on tariff threats

The domestic currency opened 20 paise weaker at 85.91 against the greenback after closing at 85.71 on Wednesday

Indian Rupee ends 5 paise stronger at 85.72/$, gains after one-day dip

The domestic currency ended 5 paise stronger at 85.72 against the greenback after closing at 85.77 on Tuesday

Indian Rupee gains after snapping nine-day rally; Opens at 85.68/$

The domestic currency strengthened by 9 paise to open at 85.68 against the greenback after closing at 85.77 on Monday

Indian Rupee opens at 86.23/$, climbs to highest level in eight weeks

The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday

Indian rupee ends at 86.37/$, logs best winning streak in over nine months

The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday

RBI 'passively' absorbing dollar inflows over past sessions, say traders

Inflows related to inter-company borrowings and repatriation of corporate profits are usual in March, the last month of the financial year

Next big mkt surprise likely to be upward: Investec India's Mukul Kochhar

Kochhar says the most reliable investment approach centres around selecting mispriced stocks and holding them for the long term

Indian Rupee opens stronger, trades below 87 mark as dollar extends fall

The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline

Forex reserves decline by $1.78 billion to $638.698 billion, shows RBI data

India's forex reserves dropped by USD 1.781 billion to USD 638.698 billion in the week ended February 28, the RBI said on Friday. The overall forex kitty had jumped by USD 4.758 billion to USD 640.479 billion in the previous reporting week. At the end of September 2024, the forex reserves touched an all-time high of USD 704.885 billion. For the week ended February 28, foreign currency assets, a major component of the reserves, decreased by USD 493 million to USD 543.35 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased by USD 1.304 billion to USD 73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 27 million to USD 17.998 billion, the apex bank said. India's reserve position with the IMF fell by USD 12 million to USD 4.078 billion i

Rupee falls 6 paise to 87.18 against US dollar during early trade

The rupee declined 6 paise to 87.18 against the US dollar in early trade on Friday, tracking lacklusture sentiment worldwide triggered by trade-related uncertainties and relentless outflow of foreign capital from domestic equities. However, weakening American currency index and lower level of crude oil prices helped the Indian currency prevent a sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened at 87.13 and lost further to trade at 87.18 against the greenback in early deals, registering a depreciation of 6 paise from its previous closing level. Snapping its three-day rally, the rupee settled 6 paise lower at 87.12 against the US dollar on Thursday. It had gained 31 paise in the preceding three consecutive sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 103.99. Brent crude, the global oil benchmark, went up marginally by 0.20 per cent but stayed a

Rupee rises 9 paise to 87.10 against US dollar during early trade

The rupee appreciated 9 paise to 87.10 against the US dollar in early trade on Wednesday, fuelled by the broad weakening of the US dollar and easing crude oil prices. Forex traders said US President Donald Trump's tariff escalation has set off a chain reaction in global markets, sending the dollar into a downward spiral. Rupee is expected to trade with a slight negative bias as fears of a prolonged trade war continue to grip the financial world, they said. At the interbank foreign exchange, the rupee opened at 87.18 against the greenback, then gained some ground and touched 87.10 against the greenback, up 9 paise from its previous close. On Tuesday, the rupee rebounded from initial losses and settled with a gain of 13 paise at 87.19 against the US dollar. "The rupee traded in a narrow range, caught between global uncertainty driven by Trump factor. Moreover, persistent FII selling, with USD 128 million offloaded in the last session and total outflows nearing USD 12 billion this ye

IIFL Finance plans to raise $150 million by reissuing 2028 dollar bonds

The non-banking finance company has started marketing the issue and may sell the bonds at yields in the 8.30 per cent-8.40 per cent range

Rupee rises 14 paise to 86.50 against US dollar during early trade

The rupee appreciated 14 paise to 86.50 against the US dollar in early trade on Friday, fuelled by the broad weakening of the US dollar, which faced downward pressure from lackluster economic data. Forex traders said rupee is expected to trade with a slight negative bias on weak domestic equities and foreign fund outflows. However, overall weakness in crude oil prices may cushion sharp downside. At the interbank foreign exchange, the rupee opened at 86.50 against the greenback, up 14 paise from its previous close. On Thursday, the rupee appreciated 34 paise to close at 86.64 against the US dollar. "The dollar's weakness created a favourable environment for the Indian rupee," CR Forex Advisors MD - Amit Pabari said, adding that "India's robust real yield of 2.39 per cent attracted capital, supported by the Reserve Bank of India's proactive interventions". Investors will await cues from the minutes of the RBI's monetary policy meeting, that is expected to provide further insights in

Rupee rises 8 paise to 86.85 against US dollar during early trade

The rupee appreciated 8 paise to 86.85 against the US dollar in early trade on Friday as the American currency retreated from elevated level and domestic equity markets shows favourable trend. The local unit, however, remained under pressure due to unabated foreign fund withdrawal and higher crude oil prices, forex traders said. At the interbank foreign exchange, the rupee opened at 86.86 and gained further ground to trade at 86.85 against the greenback during early deals, up 8 paise from its previous close. On Thursday, the rupee settled almost flat with a gain of just 2 paise at 86.93 against the US dollar. The unit had closed 16 paise lower on Wednesday, a day after surging 66 paise, witnessing the highest single-day rise in nearly two years. The domestic unit has been facing extreme volatility for the past few months due to several global macroeconomic uncertainties. Finance Minister Nirmala Sitharaman on Thursday said the rupee along with other Asian currencies has depreciate

Rupee recovers 16 paise from all-time low level to 87.43 against dollar

The rupee recovered 16 paise from all-time low closing level to 87.43 against the US dollar in early trade on Friday, ahead of the Reserve Bank of India's monetary policy announcement. Forex traders said there is an overall negative bias in the rupee as market participants are projecting RBI to cut rates by 25 bps. While a rate cut could help ease some of the pressure by improving liquidity and attracting foreign investments, it would also lead to an increase in rupee supply, which could further weaken the currency and exacerbate depreciation pressures, they said. At the interbank foreign exchange, the rupee opened at 87.57 against the greenback, and touched 87.43 against the greenback in initial trade, registering a rise of 16 paise from its previous close. On Thursday, the rupee plunged 16 paise to close at an all-time low of 87.59 against the US dollar. "As long as the liquidity deficit persists, the rupee will remain under pressure. Additionally, the CRR cut is further weighin

Rupee falls 14 paise to 87.57 against US dollar in early trade today

The rupee depreciated 14 paise to hit record low of 87.57 against the US dollar in early trade on Thursday weighed down by anticipation of an RBI rate cut and weak economic data. Forex traders said the Indian rupee opened on a weak note and made a fresh record low of 87.57 as market participants anticipated that the Reserve Bank of India (RBI) may slash interest rates on February 7, 2025. Moreover, the rupee continued to face pressure due to sustained foreign fund outflows and a negative trend in domestic equities amid weak risk appetite, they added. At the interbank foreign exchange, the rupee opened at 87.54 and slipped further to all-time low of 87.57 against the greenback in initial deals, a fall of 14 paise from its previous close. On Wednesday, the rupee plunged 36 paise to close at an all-time low of 87.43 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at ...

Dollar holds ground as tariffs on China kick in but Euro, Yuan, AUD slide

Canadian dollar, Mexican peso down after Monday rebound

Rupee falls 3 paise to 86.65 against US dollar during early trade

The rupee traded in a narrow range and depreciated 3 paise to 86.65 against the US dollar in early trade on Friday, ahead of the release of Economic Survey 2024-25. Finance Minister Nirmala Sitharaman will table Economic Survey 2024-25 on Friday, providing an official assessment of the performance of the economy in the ongoing financial year, and list out the challenges being faced by the nation. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the broad strength of the American currency in the overseas markets due to unabated dollar demand from oil importers and weak risk appetite. At the interbank foreign exchange, the rupee opened at 86.63 then fell further to 86.65 against the American currency, registering a decline of 3 paise over its previous close. On Thursday, the rupee depreciated 7 paise to close at 86.62 against the US dollar. The Indian rupee continues to struggle, hovering near its all-time low, weighed down by multip