Rupee down 5% against US dollar from July highs. It may fall further
5 years, 1 month ago

Rupee down 5% against US dollar from July highs. It may fall further

Live Mint  

India’s rupee is the only emerging Asian currency to weaken this quarter and its losses may gather pace as a report this week is forecast to show economic growth slid to a six-year low. The poor growth conditions may lead to lower capital flows and hence could be a significant negative for the currency.” India’s gross domestic product probably slowed to 4.6% last quarter, which would be the least since the first three months of 2013, according to the median estimate in a Bloomberg survey before the data is released Friday. A more pronounced growth slowdown than other regional emerging markets and one of the most aggressive rate-cutting cycles in Asia “has resulted in a major headwind for the rupee,” said Peter Chia, a strategist at United Overseas Bank Ltd. in Singapore. “The RBI’s rate cuts, almost twice the amount delivered by the Fed, have eroded the interest-rate advantage the rupee has over the dollar, denting its attractiveness as a high yielder.” This story has been published from a wire agency feed without modifications to the text.

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History of this topic

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar
20 hours, 27 minutes ago

Rupee recovers from all-time low of 86.64 to settle eight paise higher against the US dollar

Live Mint  

Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it remained under pressure due to elevated crude oil prices and continuous outflow of foreign funds. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of …

Trump Tantrum: Impact of new US presidency on Indian Rupee likely to be short-lived, says SBI Report
23 hours, 53 minutes ago

Trump Tantrum: Impact of new US presidency on Indian Rupee likely to be short-lived, says SBI Report

Live Mint  

The “Trump Tantrum”, referring to the impact of Donald Trump's presidency on the Indian rupee, is likely to be a short-term phenomenon, says a report by State Bank of India. ‘Empirical Data Suggests Short-Term Impact’ It said “Empirical evidence suggest that Trump Tantrum for INR will be a short-term phenomenon, and rupee should adjust post the initial shock of early …

Rupee unlikely to find support in Asia FX’s slight recovery
1 day, 3 hours ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
1 day, 6 hours ago

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of …

Rupee’s fall sparks a war of words between the ruling party, Opposition
1 day, 15 hours ago

Rupee’s fall sparks a war of words between the ruling party, Opposition

Live Mint  

The Indian rupee's depreciation beyond ₹86 against the US dollar on Monday sparked a war of words between the ruling Bharatiya Janata Party and the opposition Congress party over the currency's economic performance during their respective terms. Congress leader Jairam Ramesh took a dig at Prime Minister Narendra Modi on social media platform X over the currency's depreciation, questioning Modi's …

Rupee falls 27 paise to record low of 86.31 against USD.
Top News
2 days ago

Rupee falls 27 paise to record low of 86.31 against USD.

Deccan Chronicle  

The rupee's slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86.31 against the US dollar, dragged down by a robust American currency amid volatile global cues.A record surge in crude oil prices, sustained outflow of foreign capital, and a negative trend in domestic equity markets …

Rupee hits all-time low of 86/USD for first time. Will it decline further?
Trending News
2 days, 6 hours ago

Rupee hits all-time low of 86/USD for first time. Will it decline further?

India Today  

The Indian rupee plunged to an all-time low, breaching the 86 mark against the US dollar on Monday. The sharp decline came after a stronger-than-expected US jobs report, which further strengthened the dollar and pressured emerging market currencies, including the rupee. STRONG US DATA, LOWER FED RATE CUT HOPES The US nonfarm payrolls data revealed that 256,000 jobs were added …

Rupee hits all-time low, nears 86 mark against US dollar
5 days, 6 hours ago

Rupee hits all-time low, nears 86 mark against US dollar

India Today  

The rupee tumbled to a historic low of 85.97 against the US dollar on Friday, surpassing its previous record of 85.9325 reached just a day earlier. Closing at 85.9650, the rupee marked its tenth consecutive weekly loss, slipping 0.2% this week amid a strong dollar and persistent capital outflows. The rupee has been under pressure for weeks due to a …

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar
Trending News
5 days, 20 hours ago

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar

The Hindu  

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 against the U.S. dollar on Thursday amid firm American currency and elevated level of crude oil prices. They said, uncertainties related to trade restrictions ahead of the change in US administration under President Donald Trump continued to fuel dollar demand, while concerns …

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade
Trending News
1 week ago

Rupee falls 9 paise to hit record low of 85.83 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 9 paise to hit its record low of 85.83 against the U.S. dollar in early trade on Wednesday as strengthening American currency and higher crude oil prices continued to play spoilsports even as the government lowered the country's economic growth projection. According to analysts, subdued domestic equity markets also weighed on the Indian currency even as better …

Rupee to face pressure as upbeat US data reignites dollar uptrend
1 week ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Risks to economy escalating in 2025, says SBICAPS
1 week ago

Risks to economy escalating in 2025, says SBICAPS

Live Mint  

New Delhi: The economic outlook for calendar year 2025 remains cautious, with many of the risks from the last year expected to escalate, leading to heightened uncertainty and volatility, according to SBICAPS. Fresh structural shifts, such as rising currency volatility and the diversification of global supply chains, are unfolding against a backdrop of ongoing trade wars, geopolitical upheavals, and political …

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar
1 week, 1 day ago

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

The Hindu  

The rupee declined 4 paise to settle at a fresh record low of 85.83 against the U.S. dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond yields and concern over HMPV virus outbreak triggered a U.S. dollar chase due to its safe-haven appeal. Anuj Choudhary, …

Rupee logs 9th straight week of losses, analysts expect more weakness
1 week, 4 days ago

Rupee logs 9th straight week of losses, analysts expect more weakness

Live Mint  

By Siddhi Nayak MUMBAI, Jan 3 - The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. China's yuan slid past the key 7.3 threshold to a 14-month low against the dollar on Friday …

Rupee expected to weaken more in coming months
1 week, 5 days ago

Rupee expected to weaken more in coming months

Live Mint  

Mumbai: The rupee is expected to further weaken in the coming months as Trump’s presidency strengthens the dollar at least in the near-term, experts said, adding that the central bank's interventions in the currency market are likely to ease. “There is a pending depreciation pressure visible on the rupee and that is seen in the REER overvaluation of around 8%," …

Slight reprieve for rupee likely as Asian peers recover
Trending News
1 week, 6 days ago

Slight reprieve for rupee likely as Asian peers recover

Live Mint  

By Nimesh Vora MUMBAI - The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the currency near levels at which the central bank had intervened aggressively. The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly higher from its close of 85.6450 per U.S. dollar in the previous session. …

Rupee ends at record closing low for seventh straight session
Trending News
1 week, 6 days ago

Rupee ends at record closing low for seventh straight session

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. While the first trading session of 2025 was relatively lacklustre, traders expect the rupee to remain under pressure in …

Rupee falls 5 paise to 85.69 against US dollar in early trade
Trending News
2 weeks ago

Rupee falls 5 paise to 85.69 against US dollar in early trade

Deccan Chronicle  

The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit.Forex traders said the dollar index and US 10-year bond yields have been on an uptrend largely owing to …

Rupee dips to record closing low, bearish bias tipped to persist in 2025
2 weeks ago

Rupee dips to record closing low, bearish bias tipped to persist in 2025

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025. A hawkish shift in the Federal Reserve's policy outlook combined with expectations over incoming U.S. President Donald Trump's policies …

Currency concerns: on the rupee
2 weeks, 1 day ago

Currency concerns: on the rupee

The Hindu  

It has been a tumultuous time for the Indian rupee even as the Reserve Bank of India has been actively stepping into the foreign exchange market to stem its free fall in pursuit of what it calls an ‘orderly’ exchange movement. The Donald Trump factor added a fresh headwind with the dollar strengthening since his U.S. presidential electoral victory, and …

Declining rupee means bad business for Indian shares, eyes now on Q3 earnings
2 weeks, 1 day ago

Declining rupee means bad business for Indian shares, eyes now on Q3 earnings

Firstpost  

A persistent fall in the Indian rupee has been keeping foreign stock investors cautious. With the year drawing to a close, all eyes would now be on the third quarter earnings of the companies The Indian rupee has been continuously losing its strength against the US dollar. According to a report by Bloomberg, the Nifty Dollar Total Return index is …

Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus
2 weeks, 1 day ago

Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus

Live Mint  

A gauge of the Indian rupee’s volatility jumped to its highest level in over a year, fueling speculation that the nation’s central bank may be easing its tight grip on the currency amid a strong dollar. The rupee’s one-month implied volatility versus the greenback rose to as much as 4.09% on Monday, the highest since August 2023. “We think the …

India rupee may dip, bond yields to track US peers
2 weeks, 2 days ago

India rupee may dip, bond yields to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 30 - The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low on Friday, with traders watching out for how sternly the central bank defends the local currency while bond yields will track U.S. peers and the rupee. Given the "weak global set-up …

Indian rupee hits record lifetime intra-day low on Friday
2 weeks, 4 days ago

Indian rupee hits record lifetime intra-day low on Friday

Deccan Chronicle  

New Delhi: For a consecutive ninth day in a row, the Indian rupee on Friday hit a record lifetime intra-day low of 85.80 before a possibly central bank’s intervention that helped recover some of its losses and settled 23 paise lower at a record low of 85.50 against the US dollar, weighing down a strong month-end demand for dollar. “Rupee …

Top news on December 27: Rupee hits new low; tributes pour in for Manmohan Singh; hailstorm alert in Delhi, more
2 weeks, 4 days ago

Top news on December 27: Rupee hits new low; tributes pour in for Manmohan Singh; hailstorm alert in Delhi, more

Live Mint  

Top news on December 27: From Rupee hitting a record low of 85.395 on strong NDF dollar bids on Friday to stock market ending on gains - here's a list of the top news for Friday, December 27. Indian rupee hits new lows on Friday The Indian rupee hit a new record low on Friday, driven by strong demand for …

5 factors pulling the Indian rupee down to record low: Trump, trade & more
2 weeks, 4 days ago

5 factors pulling the Indian rupee down to record low: Trump, trade & more

Firstpost  

The Indian rupee has come under immense pressure and touch a historic low of 85.81 against the US dollar on Friday. Find out five big factors that are weighing on the INR The Indian rupee touched an all-time low on the afternoon of Friday, December 27, 2024, and traded at 85.81 against the US dollar. At the interbank foreign exchange, …

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023
2 weeks, 4 days ago

Rupee breaches 85.70 against US dollar, sees steepest single-day loss since February 2023

Live Mint  

The Indian rupee depreciated to a fresh record low on Friday, amid strong dollar demand in the non-deliverable forwards market. The rupee dropped 0.6% to a fresh record low of 85.7437 per dollar, registering its steepest single-day fall since February 2023, according to Bloomberg. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading …

Mint Quick Edit | Has the rupee weakened or strengthened?
2 weeks, 5 days ago

Mint Quick Edit | Has the rupee weakened or strengthened?

Live Mint  

On the face of it, the Indian rupee seems to be weakening, having fallen to a low of around 85.26 to the dollar. The rupee’s real effective exchange rate, which measures its value relative to a basket of trade-relevant currencies, is at a peak. A part of the rupee’s relative strength may be attributed to market intervention by the Reserve …

India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low
3 weeks ago

India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low

Live Mint  

India's foreign exchange reserves are sufficient to meet over 11 months of import needs and nearly 96 per cent of external outstanding debt requirements as of the end of June 2024, reported the news agency ANI citing the Reserve Bank of India on Tuesday, December 24. The forex reserves rose $6.4 billion in the financial year 2024-25 to $652.9 billion …

Rupee falls to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls to hit all-time low of 85.16 against US dollar in early trade

Deccan Chronicle  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
3 weeks, 1 day ago

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

The Hindu  

The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday, amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even …

The bad and good of rupee weakening against dollar
3 weeks, 1 day ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
3 weeks, 1 day ago

Rupee slips to all-time low pressured by weak yuan, importer dollar bids

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline. The rupee declined to 85.12 against the U.S. dollar, hitting an all-time for the fifth consecutive trading session …

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
3 weeks, 4 days ago

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 against the U.S. dollar on Friday, on softening of the U.S. dollar index and a potential intervention by the Reserve Bank of India. On Thursday, the rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time …

Rupee hits all-time low against US dollar. Why is it under pressure?
3 weeks, 5 days ago

Rupee hits all-time low against US dollar. Why is it under pressure?

India Today  

The Indian rupee weakened to a record low of 85.10 against the US dollar on Friday, weighed down by persistent dollar strength following robust US economic data that reinforced the Federal Reserve's hawkish stance. Additionally, the US Federal Reserve’s projection of fewer rate cuts in 2025 amid sticky inflation has strengthened the US dollar, making emerging market currencies like the …

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar
3 weeks, 5 days ago

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar

The Hindu  

The rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 against the U.S. dollar on Thursday, as a hawkish stance from the U.S. Federal Reserve sparked a broad dollar rally. Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low on …

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
3 weeks, 5 days ago

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025

Live Mint  

The Indian rupee fell to a record low, slipping past 85 to the US dollar for the first time on Thursday, after the Federal Reserve signalled fewer rate cuts next year. Other Asian currencies also depreciated as the Korean won, the Malaysian ringgit, and the Indonesian rupiah were down 0.8%-1.2% on the day, after the Fed dot plot indicated two …

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
3 weeks, 6 days ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu  

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

Rupee plunges to all-time low, reaches Rs 85 against US dollar
Trending News
3 weeks, 6 days ago

Rupee plunges to all-time low, reaches Rs 85 against US dollar

India Today  

Rupee fell to an all-time low against the US dollar on Thursday, breaching the Rs 85 mark for the first time. This decline comes after the US Federal Reserve cut key interest rates by 25 bps and signalled fewer rate cuts in 2025, putting additional strain on the currency, which has already been under pressure due to weak capital inflows …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
3 weeks, 6 days ago

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 18 - The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said. Weakness in regional currencies ahead of the Federal Reserve's policy decision due in U.S. trading hours also hurt the …

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today
4 weeks ago

Stock market crash: 3 reasons why Sensex, Nifty are under pressure today

India Today  

The Sensex and Nifty continued their downward slide for the third consecutive session on Wednesday, as global and domestic factors weighed heavily on investor sentiment. The benchmark indices fell ahead of the US Federal Reserve's policy announcement later today, with market participants closely watching for hints on future interest rate moves. KEY REASONS BEHIND THE FALL Global pressure ahead of …

Indian Banking Liquidity Deficit Hits Highest in Six Months
4 weeks ago

Indian Banking Liquidity Deficit Hits Highest in Six Months

Live Mint  

-- The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility. The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was at 1.5 trillion rupees as of Monday, the highest …

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
4 weeks, 1 day ago

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar

The Hindu  

The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities. “The Indian rupee is expected to open at its lowest after a record number in respect of imports and a record trade deficit for November …

Record trade deficit adds to rupee’s challenges, may open to all-time low
4 weeks, 1 day ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint  

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade
Trending News
4 weeks, 2 days ago

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade

The Hindu  

The rupee fell 3 paise to 84.83 against the U.S. dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices. On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. Additionally, Foreign Institutional Investors turning net …

Indian rupee to face renewed pressure as US yields climb
4 weeks, 2 days ago

Indian rupee to face renewed pressure as US yields climb

Live Mint  

By Nimesh Vora MUMBAI, Dec 16 - The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. "With inflation remaining sticky, and President-elect Trump looking to strengthen the U.S. growth performance, the Fed is set to signal a more cautious …

Prepare for a weaker, volatile rupee in 2025
1 month ago

Prepare for a weaker, volatile rupee in 2025

New Indian Express  

The rupee has been under pressure ever since Donald Trump has won the US presidential election, triggering capital outflow from India. Trump’s economic policies are likely to stoke higher inflation resulting in higher bond yields in the US. The capital outflow from Indian and other emerging markets has also been caused by the expectation that Trump’s policies will benefit the …

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
1 month ago

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy

The Hindu  

Published : Dec 13, 2024 18:19 IST - 6 MINS READ In what feels like chucking pails of water at a forest fire, the RBI has been selling dollars in the spot market to support the rupee. As has now been reported, the Central Bank’s average daily short position in the NDF or non-deliverable forwards market is at approximately 2 …

Inflows help rupee end higher on day but weekly losing streak persists
1 month ago

Inflows help rupee end higher on day but weekly losing streak persists

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 13 - The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards market and a weaker yuan while mild inflows helped the currency on the day. U.S. producer price inflation data released on Thursday reaffirmed investor expectations of a 25-basis …

Rupee holds up in face of broad dollar rally thanks to central bank
1 month ago

Rupee holds up in face of broad dollar rally thanks to central bank

Live Mint  

By Nimesh Vora MUMBAI, Dec 13 - The Reserve Bank of India's intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. The RBI likely sold …

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