Dollar index falls as a contraction in US GDP eases Fed hike fears
Markets perceive Fed as being less hawkish
To be fair, the RBI has broadly done well in terms of managing the currency since the outbreak of the pandemic
Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets
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RBI needs to be fourth buyer in the bond market, says senior executive
Next few quarters will be tough for IT sector
Rupee weighed down by expectations of an aggressive rate hike by the US Federal Reserve
RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency
The discussions were held ahead of the RBI's next monetary policy statement, scheduled August 5
Reserve Bank of India's foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its data
The survey noted that 52 per cent expect health care and medicines costs to escalate
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
He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen
The rupee on July 21 hit a low of 80.06 per dollar in intraday trade but it bounced back to close at 79.99
Bilateral exchange rates show a trend different from that against dollar
The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India
CEA Nageswaran said that the depreciation of the rupee against the US dollar has been lower than other major global currencies such as the Euro, the British pound and the Japanese yen
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
Most analysts and traders believe worst is yet to come for the rupee, despite the RBI's intent to defend the currency and India's sound macroeconomic fundamentals