Page 70 - Rupee

Rupee at 80: Textiles, gems & jewellery upbeat, but gains may not sustain

Textile industry players indicate that the weak rupee will help the industry, which is a net exporter, to the extent of 5-10 per cent rise in profit margins

Rupee declines to record low of 80.01 to a dollar as foreign funds exit

The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum

Rupee closes just 2 paise shy of 80 against US dollar as oil prices rise

Crude oil prices jumped on Monday as US President Joe Biden's talks with West Asian countries failed to culminate in an agreement to increase output

Rupee settles at 79.98 against US dollar; briefly touches 80/USD mark

The dollar index was weak in Monday afternoon trade in Asia after several Federal Reserve officials signalled they did not favour stepping up the rate hiking pace, says an analyst

Rupee close to 80 per dollar: How RBI steps may help stabilise it

Over the past month, the RBI has also taken several steps to attract fresh overseas capital to Indian markets

Trade in rupee: A little step forward but nothing more

Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree to that

Business Standard poll: The worst may soon be over for rupee, say experts

It's seen at 80.20/$ at July-end, stabilising at 80.50 by Sept

Reserve Bank remains net buyer of US currency in May; buys $2 billion

The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.

Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low

The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market

Rupee recovers 8 paise on Friday, closes at 79.91 against US dollar

At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82

Rupee at lifetime low to hit imports, overseas education, travel

The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price

Rupee up 7 paise to 79.92 per dollar amid firm trend in domestic equities

At the interbank foreign exchange, the rupee opened up at 79.95 against the American dollar, then gained further strength to trade at 79.92 in early deals

Top Headlines: LIC's embedded value remains flat, FTP amendments, and more

LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

Settling trade in rupee: FTP tweaks may allow traders export benefits

It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept

As rupee falls, spread between India and US bond yields tightens

A narrower spread makes it less attractive for foreigners to invest in rupee assets

US inflation impact: Global recession fears to cool WPI inflation in India

Impact on CPI inflation to come later, rupee depreciation to negate some of this impact

Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards

The rupee was trading at 79.80 against the US dollar at 10.10am IST, compared to its close of 79.64 on Wednesday

Strength and opportunity: What rupee going 'international' will mean

The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates

With rupee at new low, Indian bonds may be worst hit if recession grips US

Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy