On Tuesday, the rupee ended lower by 10 paise to close at 68.82 against the US currency due to fresh buying of the dollar by importers after the greenback rebounded in global markets
Savvy investors can also put in limited amounts in funds of export-oriented sectors like pharma and information technology that benefit from a weaker rupee
Major currencies traded lower in early Asian trade mostly due to demand for the US currency and a lower opening in the domestic equity market
The rupee was forecast to weaken to 68.90 per dollar by June 2019, according to a poll of 45 strategists taken July 2-5
The UBS forex team expects a weaker USD despite US fiscal impulse and higher yields and retains its forecasts of USD/INR at 66 by end of this fiscal and 66.5 by end of the financial year 2019-20
India is facing severe macro challenges and goldilocks economic conditions are now changing fast against the grim backdrop of bubbling global crude prices
Forex dealers said a higher opening of the domestic equity market supported the rupee but the dollar's strength against some currencies overseas capped the gains
The main reason for rupee's depreciation is rising oil prices, caused by the sanctions on Iran and flat production by other oil producing majors
The immediate concern for the rupee is the sharp spike in oil prices
The rupee has touched a lifetime low of 69.10 against the US dollar by plunging 49 paise in early trade on Friday
Moody's said India's large and relatively stable domestic financing base limits external vulnerability
The rupee touched a record low at 69.0925 per dollar on Thursday
Higher crude oil prices and a declining rupee are a double whammy for India, forex dealers say
The dollar strengthening against other currencies overseas as the European Central Bank pledged to leave interest rates unchanged until mid-2019, weighed on the rupee
Weakness in the domestic stock market weighed on the rupee at the Interbank Foreign Exchange market
Forex market sentiment improved amid easing of tensions between the US and China over trade tariff issue
The rupee had hit 68.1325 a dollar in morning trade, but persistent dollar selling by nationalised banks strengthened it to a more comfortable level
The domestic currency closed sharply down at 68.07/08 per dollar against the previous close of 67.51 per dollar on heavy dollar demand
Widening nation's current-account and fiscal deficits against the grim backdrop of surging global crude prices have mainly hit the rupee, that has turned out to be the Asia's worst performing currency
Yesterday, the rupee gained five paise to 67.08 against the US currency on suspected RBI intervention and stray dollar demand