Page 68 - Rupee
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
 "RBI allows more FPI access to Indian bonds, but returns may not lure flows")
Rupee falls 10 paise to 79.26/$, tracking rebound in crude oil prices
At the interbank foreign exchange market, the local currency opened weak at 79.20 and touched a high of 79.20 and a low of 79.32
 "Rupee falls 10 paise to 79.26/$, tracking rebound in crude oil prices")
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's travails: What has led to the fall, and what can Reserve Bank do?")
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 falls 12 paise to 79.25 against dollar amid foreign fund outflows")
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
 "Rupee's slide to successive record lows pits RBI against mkt full of bears")
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
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
 "Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles")
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 takes steps to attract foreign flows, says growth prospects stay strong")
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
 "RBI's innovative approach to control the fall in rupee is commendable")
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.
 "Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet")
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
 "Rupee declines by 38 paise to new low of 79.33 against USD on CAD concerns")
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.
 "As rupee falls, Congress reminds PM Modi of jibe during UPA rule")
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
 "Statsguru: Six charts explain falling rupee and how it impacts the economy")
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.
 "India feels the heat as investors face brutal emerging markets selloff")
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.
 "Govt watchful, mindful of impact of declining rupee on imports: Sitharaman")