Page 67 - Rupee

Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles

The steps came after the RBI's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to its intervention in the currency market to curb rupee losses

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

RBI takes steps to attract foreign flows, says growth prospects stay strong

RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days

Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet

Union ministers Mukhtar Abbas Naqvi and R C P Singh submitted their resignations to Prime Minister Narendra Modi on Wednesday, a day before the completion of their Rajya Sabha term, sources said.

RBI liberalises norms to boost forex inflows to shore up rupee

The measures include easing norms for FPI investment in debt market, and increasing the ECB limit under the automatic route from $750 mn or its equivalent per financial year to $1.5 bn

Rupee declines by 38 paise to new low of 79.33 against USD on CAD concerns

The currency's slump comes a day after data showed India's trade deficit ballooned to a record $25.63 bn on account of a steep increase in gold and crude oil imports

As rupee falls, Congress reminds PM Modi of jibe during UPA rule

As the rupee fell, Congress on reminded Prime Minister Narendra Modi of his jibe when the UPA was in power, and alleged the BJP-led government was sitting "idle" and doing nothing to arrest the slide.

Top headlines: Rupee falls to new low; SpiceJet flight diverted to Pak

Business Standard brings you the top headlines on Tuesday

Statsguru: Six charts explain falling rupee and how it impacts the economy

The Reserve Bank of India has been defending the rupee and has lost a significant amount of foreign exchange reserves

Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week

India feels the heat as investors face brutal emerging markets selloff

The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

Pain for rupee likely as India's trade gap, capital outflows balloon

A shortfall in India's current account -- the broadest measure of trade -- will probably widen to 2.9% of gross domestic product in the fiscal year ending March 31

Rupee relatively better placed than other global currencies against USD: FM

The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month

Rupee consolidates against dollar after sharp depreciation this week

Dealers say magnitude of RBI interventions slowed down over past couple of days

Rupee rises 13 paise to 78.90 against US dollar in early trade on Thursday

In the previous session, the rupee had closed at its all-time low of 79.03 against the US dollar

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

Rupee falls 18 paise to close at new low of 79.03 against US dollar

At the interbank foreign exchange market, the rupee opened lower at 78.86 against the greenback and finally settled at 79.03, down 18 paise over its previous close.

RBI may need to tweak forex strategy, let rupee weaken, say analysts

To control the tumble, the Reserve Bank of India (RBI) has sold dollars in the spot market and simultaneously bought and sold in the forwards market.