Page 66 - Rupee

Best of BS Opinion: Trading gains, a makeover for North Block, and more

Here are the top BS Opinion articles of the day

Asian countries in talks for settling trade in domestic currencies

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Rupee down 15 paise to new low of 79.60 against US dollar

A strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments

Neighbours, Russia can help convert 16.38% of India's trade into rupees

The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Exchange rate of two trading partners may be market determined, says central bank

RBI's move to settle trade transactions in rupee timely: Exporters

Exporters said the move was a step towards acceptance of rupee as an international currency.

Rupee drops 19 paise to new low of 79.45 against USD amid FPI outflows

However, receding crude oil prices in the international market restricted the loss for the rupee, which posted its third straight session of decline

RBI forms arrangement for settling trade payments in rupees

It has been decided to put in place an additional arrangement for invoicing, payment & settlement of exports/imports in INR, says RBI

Rupee down 7 paise to 79.33 a dollar amid muted trend in domestic equities

At the interbank foreign exchange, the rupee opened weak at 79.30 against the American dollar and slipped further to quote at 79.33, a decline of 7 paise over its last close

Unhedged exposure via external commercial borrowing new threat to rupee

According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022

RBI allows more FPI access to Indian bonds, but returns may not lure flows

Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets

Rupee falls 10 paise to 79.26/$, tracking rebound in crude oil prices

At the interbank foreign exchange market, the local currency opened weak at 79.20 and touched a high of 79.20 and a low of 79.32

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion

Rupee falls 12 paise to 79.25 against dollar amid foreign fund outflows

At the interbank foreign exchange, the rupee opened at 79.20 against the American dollar, then lost ground to quote at 79.25, registering a fall of 12 paise from the last close

Rupee's slide to successive record lows pits RBI against mkt full of bears

The rupee's tumble to a succession of record lows is sparking fears of a deeper selloff and pitting the central bank against analysts and strategists who are predicting further losses

Defending the rupee

Market adjustment should not be delayed for long

Rupee gains but market unsure of inflows amid global rush to US dollar

The rupee settled at 79.18 per US dollar as against 79.30 per US dollar on Wednesday