Page 7 - Forex Market

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

Dollar index falls as a contraction in US GDP eases Fed hike fears

New SEZ law to focus on job creation and research, not foreign exchange

The Bill shall propose the re-introduction of certain direct tax benefits, under which units set up in these development hubs shall attract a 15 per cent corporate tax until 2032

Rupee at 80: What can be done?

We need to maintain the gap of interest rate differential with the US by raising rates in a meas­ured way and allow the rupee to find its own level

Rupee at 80: Neutral impact for India's pharma industry, say experts

India's pharma sector exported drugs worth Rs 1.8 trillion in 2021-22, while APIs worth Rs 30,000 crore were imported

Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain

Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Rupee at lifetime low to hit imports, overseas education, travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

Rupee drops to new low of 79.62 against USD amid domestic equities' losses

At the interbank forex market, the local unit opened strong at 79.55 against the greenback but could not hold on to gains and slipped in the negative territory

Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya

Rupee rises 9 paise from record low to 79.24 against dollar in early trade

In initial trade, the local currency witnessed a high of 79.24 and a low of 79.31 against the US dollar

Chinese currency weakens 260 pips to 6.7246 against dollar in early trade

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar

During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.

Fall in onshore forward premiums could push Indian rupee even lower

On Wednesday, the rupee touched a record low of 78.39 against the dollar despite a sharp fall in global crude oil prices, pushing forward premiums down

Rupee rises 5 paise to 78.05 against dollar amid foreign capital outflow

At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.10