Page 69 - Rupee

Rupee at 80, 10-year IGB at 8%: The five bearish forecasts from UBS

The brokerage sees the yield on the 10-year India government bond (IGB) topping the 8 per cent mark before the end of the fiscal.

Rupee recovers from record low, rises 12 paise to 78.10 per US dollar

The rupee on Thursday recovered from its record low to close 12 paise higher at 78.10 against the American currency, tracking the overnight weakness of the dollar and falling crude oil prices.

India proposes settling Russia trade in rupees as purchases rise: Report

New Delhi plans to use about $2 billion equivalent of rupees deposited at Russia's state-controlled VTB Bank PJSC and Sberbank of Russia PJSC

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.

Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

The rupee plunged 13 paise to close at a fresh all-time low of 78.17 (provisional) against the US dollar on Wednesday, as a lacklustre trend in domestic equities and persistent foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04. "Expectation is that US central bank could raise rates by 50 bps. Hawkish comments could continue to keep the dollar supported at lower levels. Major crosses remained under pressure following broad gains in the dollar," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiya added, "We expect the USD-INR to trade with sideways and quote in the range of 77.70 and 78.40." The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.64 per cent to 104.84. Brent crude futures, the global oil benchmark, declined 1.07

Only 58% of global reserves are now in USD. Can the renminbi replace it?

While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia

Mkt rout deepens: Rupee breaches 78/$ for 1st time, Sensex falls 1,456 pts

Indian currency performed rather well compared to most Asian peers, which were hammered due to the hotter-than-expected US inflation data

Rupee breaches 78 per dollar mark for the first time on global cues

The rupee started depreciating rapidly since Russia invaded Ukraine in late February

Rupee plunges to all-time low of 77.84/$ amid rising crude oil prices

The currency closed at a record low of 77.84 against the dollar after hitting 77.88 in intraday trading.

Rupee depreciates 8 paise, hits record low of 77.82 against dollar

The rupee depreciated 8 paise to a record low of 77.82 against the US dollar in opening trade on Friday, tracking the strength of the greenback in the overseas market

Rupee at new low of 77.8/dollar as investors pull out from emerging markets

The rupee depreciated over 2.5 per cent in the current fiscal year

Most rated Indian firms have protections against weaker rupee: Moody's

Have buffers to withstand further 10-15 per cent depreciation

Rupee closes at all-time low of 77.74 against USD amid elevated oil prices

The yield on the three-year government bond declined 9 bps, while the five-year bond yield dropped 7 bps

Forecast for historic rupee low grows as oil prices widen deficit

The bearish forecasts -- which will see the rupee drop as much as 4% from current level -- stem from a deterioration in India's external finances

Currency turmoil risks undermining India's debut sovereign green bond

The currency has slumped more than 45 this year amid concern the RBI is behind the curve in tackling inflation, with elevated crude oil prices adding to pressures on the net

Rupee recovers from record low, spurts 21 paise to 77.50 per US dollar

The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday as dollar sales by some banks offset the impact of elevated crude oil prices and persistent foreign fund outflows. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day's trade. The rupee finally ended at 77.50, higher by 21 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 as surging US bond yields dampened the appeal of riskier assets. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 101.90. Brent crude futures, the global oil benchmark, surged 1.84 per cent to USD 117.73 per barrel. "Rupee continued to trade in a narrow range and volatility remained low despite marginal weakness in domestic and global equities," said Gaurang Somaiya, Forex & Bullion Analyst, .

Rupee recovers from record low, spurts 20 paise to 77.51 per US dollar

The rupee on Wednesday recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day's trade. The rupee finally ended at 77.51, higher by 20 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 against the US currency as surging US bond yields dampened the appeal of riskier assets. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 101.90. Brent crude futures, the global oil benchmark, surged 1.84 per cent to USD 117.73 per barrel. "Rupee continued to trade in a narrow range and volatility remained low despite marginal weakness in domestic and global equities," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. On the domestic front, GDP and fiscal ...

Rupee rises by 4 paise to close at 77.54 against US dollar on stocks rally

The rupee rose further by 4 paise to close at 77.54 against the US dollar on Monday, supported by positive domestic equities and a weak American currency overseas. Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices weighed on the local unit. At the interbank forex market, the rupee opened at 77.53 against the greenback and moved in a range of 77.46 to 77.56 in the day's trade. The rupee finally ended at 77.54, higher by 4 paise over its previous close of 77.58. "Rupee continued to trade in a narrow range and volatility remained low despite gains in domestic equities. Dollar retraced against its major crosses after core PCE index number came in line with estimates," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. "We expect the USD/INR to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added. The week started on a positive note for risk assets as softening of the lockdown in China boosted the

Rupee inches 2 paise up to 77.59 against USD on positive domestic equities

Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices, fiscal deficit concerns and persistent FII outflows weighed on the local unit.

F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series

CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively