Page 7 - Rupee Versus Dollar

Rupee slides again, hits fresh record low of 74.46

The domestic currency snapped its six-session losing streak to end 18 paise higher at 74.21 on Wednesday after the American currency weakened overseas.

Rupee ends 18 paise higher at 74.21 a dollar, snaps 6-session losing streak

Traders said RBI's decision to inject Rs 120 bn liquidity into the system through the purchase of govt bonds on Oct 11 supported the recovery in the rupee

Rupee recovers, opens 25 paise up against US dollar

The domestic unit fell 33 paise on Tuesday to finish at a fresh lifetime low of 74.39 against on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows.

Swadeshi search for rupee: SJM to hold conference on true value of currency

'It is wrong to say the rupee is overvalued, it is not at all overvalued'

Rupee pares gains, slips back to 74 levels

The domestic unit on Monday slumped 30 paise to finish at a fresh lifetime low of 74.06 amid strengthening of the greenback and steady capital outflows.

Rupee slumps 30 paise to close at fresh lifetime-low of 74.06 a dollar

The US dollar's strength against major global currencies weighed on the rupee sentiment

Rupee closes at fresh record low of 73.76 against dollar as RBI holds rate

The domestic unit crashed below the 74-mark for the first time ever in intra-day trade on persistent capital outflows

Rupee slide hurting exporters as buyers demand sizable price cuts: FIEO

The most vociferous are the buyers from the Middle East, Africa and certain parts of Asia demanding a deep cut in prices

Not targeting any rupee level, says RBI as currency hits record low vs USD

The rupee has lost nearly 14 per cent so far this year

Rupee's recent weakness has pushed India out of the $2-trn market-cap club

France, Germany and Canada are the only three nations in the $2-trillion equity-market club

RBI intervenes lightly as rupee crosses 73/USD for the first time

"RBI is intervening, but not big time," said a senior currency trader at a foreign bank

Rupee hits record low of 73.34 a dollar on high global crude oil prices

The benchmark 10-year bond yield was up 6 basis points to 8.05%

Rupee slumps 26 paise to 72.91 against dollar, ends near 2-week low

The Reserve Bank on Monday announced that it will inject Rs 360 billion liquidity into the system

Challenging times for mobile handset makers as falling rupee gives jitters

Companies like Intex was forced to withdraw its existing models and replace them with new ones while others like OnePlus is contemplating a round of price hike in the coming months

Govt fights rupee drop as RBI takes steps to ease liquidity for banks

The Reserve Bank of India allowed banks to dip further into statutory liquidity reserves to help them meet their liquidity coverage ratio needs

Curbing imports of non-essential items to shore up rupee to 68-70: DEA secy

The rupee on last Friday closed at 72.20 to the US dollar

Rupee's macro fatigue fight continues; investors not moved by govt measures

Rupee continues to battle macro fatigue; hits new life low

Forex: The Indian rupee remained under intense selling

pressure and witnessed a free fall for the fourth straight

week, plunging to hit a fresh life-time low against the US

dollar before managing a small recovery.

Overall, the forex mood broadly undermined on the back

of increasing impact of geopolitical threats and concerns on

macro-economic front.

The government's confidence building measures to curb

the currency volatility also fell short of many investors'

expectations, causing heavy sell-off and the local stocks to

take a massive plunge.

Trading in an extremely volatile market environment,

the bruised rupee ended at 72.20, showing a steep loss of 36

paise.

Panic dollar demand from importers and speculative

trade

India opts for rupee payment for Iran oil; UCO Bank reluctant to route fund

The Trump administration had withdrawn from a nuclear accord signed by Barack Obama in the month of May and had ordered first round of sanctions on Iran from August 6

State oil firms may lock in crude futures to stem rupee slide: Source

A senior finance ministry official said there was a view that the rupee could weaken further in the next two months if proposed steps failed to kill 'speculation in the rupee market'

Rupee to remain under pressure in near-term over external factors: Report

The rupee is expected to remain under pressure in near-term as the downside risks to the currency are largely driven by the external factors and will take some time to subside, says a report. According to Dun & Bradsteet's latest economy forecast, elevated crude oil prices, strengthening of dollar, geopolitical tensions and economic sanctions will continue to impart depreciation pressures on the rupee. "Elevated risks and heightened geopolitical uncertainty, trade wars and economic sanctions along with reworking of trade treaties will continue to impact emerging market currencies, including India," Dun & Bradstreet India Lead Economist Arun Singh said in a research note. At this time of global uncertainty along with tightening dollar liquidity in the global market, measures to attract foreign investors to support the rupee might have limited impact, at least, in the short-term. The rupee has logged year-to-date losses of more than 13 per cent against the strengthening US ...