Rupee slides, still better than other currencies: Is India, China growth threatening dollar?
1 month, 2 weeks ago

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?

India Today  

The Indian rupee is down, but so are other major currencies against the US dollar. Despite its downward trajectory, however, the rupee is still well-placed against major currencies such as the Brazilian real, the Russian ruble, the Japanese yen, and the Canadian dollar. The Indian rupee has slid by 1.1 per cent against the dollar since January 1. In contrast, the Brazilian Real fell by around 18 per cent, the Russian ruble by 8.6 per cent, and the Japanese Yen by 6.4 per cent. The dollar index has surged 2.26 per cent since the beginning of this year, and it is expected to rise further.

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History of this topic

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
16 hours, 19 minutes 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 …

The great unknown: how a Trump presidency could affect the world, in five charts
1 week, 5 days ago

The great unknown: how a Trump presidency could affect the world, in five charts

Live Mint  

US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." A plan to impose across-the-board tariffs on Mexico, Canada and China reinforced the view that tariffs would increase prices and keep US interest …

Rupee's slide: What it means for economy, markets, and you
2 weeks, 6 days ago

Rupee's slide: What it means for economy, markets, and you

India Today  

The rupee’s recent tumble to a record low of 84.73 against the US dollar has raised concerns about its impact on the economy and people’s daily lives. Although the rupee has recovered slightly today due to gains in the Chinese yuan, the recent drop reflects a confluence of global and domestic factors, creating ripple effects that extend beyond currency markets. …

Data dive: Should RBI let the rupee fall?
1 month ago

Data dive: Should RBI let the rupee fall?

Live Mint  

The depreciation of the rupee has always been a political hot potato even though it is a natural trend for an emerging market. Several experts including the former chief economic advisor Arvind Subramanian have questioned the RBI’s intervention, while many economists have argued for a weaker rupee to boost trade competitiveness. However, the flip side is that a weaker rupee …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

Trump risk: The rupee could get caught in the crossfire of a currency
1 month, 1 week ago

Trump risk: The rupee could get caught in the crossfire of a currency

Live Mint  

Nothing has consumed more ‘little grey cells’ than discussions on the United States presidential election, the contenders and their impact on the fate of the global economy after this “mother of all US elections." Sure enough, no Chinese policy pivot would put a floor under China’s economy, soften the US tariff impact and stabilize consumer prices faster than a weaker …

INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?
1 month, 1 week ago

INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?

Live Mint  

The Indian rupee hit a record low on Monday against the US dollar, reflecting broader weakness among Asian currencies under pressure following Donald Trump’s victory in the U.S. elections. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.05% at 105.05, near the four-month peak achieved last week following Trump’s win. …

Rupee may depreciate 8-10 per cent during Trump 2.0, says SBI report
1 month, 1 week ago

Rupee may depreciate 8-10 per cent during Trump 2.0, says SBI report

New Indian Express  

NEW DELHI: The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation …

Only a weaker dollar will bring foreign investors back to India: Ruchir Sharma
1 month, 2 weeks ago

Only a weaker dollar will bring foreign investors back to India: Ruchir Sharma

India Today  

Renowned investor and author Ruchir Sharma believes foreign investment will only return to India once the US dollar weakens. "The one variable that every investor in India should look at as to when foreign flows will start coming back into India is when the dollar turns," he said. Sharma also pointed out that unless there is a significant change in …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
1 month, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News  

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

Rupee rises 3 paise to 83.60 against U.S. dollar
2 months, 4 weeks ago

Rupee rises 3 paise to 83.60 against U.S. dollar

The Hindu  

The rupee appreciated 3 paise to close at 83.60 against the U.S. dollar on Wednesday, tracking a positive trend in domestic equities and a weak greenback against major currencies overseas. “However, net foreign fund outflows capped sharp gains in the local unit,” Forex traders said. However, the domestic currency gave up most of its gains to settle at 83.60, 3 …

Rupee rises 10 paise to 83.53 against U.S. dollar in early trade
2 months, 4 weeks ago

Rupee rises 10 paise to 83.53 against U.S. dollar in early trade

The Hindu  

The rupee appreciated 10 paise to 83.53 against the U.S. dollar in early trade on Wednesday, on the overall dollar weakness in the overseas market. Forex traders said the U.S. dollar has weakened against majors post the weak consumer confidence print. "The Indian rupee which depreciated on Tuesday opened stronger on the overall dollar weakness against Asian currencies and European …

Rupee rises 9 paise to 83.56 against US dollar in early trade
3 months ago

Rupee rises 9 paise to 83.56 against US dollar in early trade

The Hindu  

The rupee sustained its gaining streak for the third straight session and rose 9 paise to 83.56 against the US dollar in early trade on Friday buoyed by a firm domestic equity market and weakening American currency. At the interbank foreign exchange market, the Indian currency opened at 83.63 and strengthened further to 83.56 against the greenback, trading 9 paise …

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX
3 months, 1 week ago

Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX

Hindustan Times  

MUMBAI - The Indian rupee was little changed on Monday, wedged between oil companies' dollar demand and a rise in its Asian peers on the back of heightened odds of a 50 basis point U.S. rate cut later this week. Rupee flat as oil firms' dollar bids offset impact of rise in Asia FX The rupee was at 83.8925 against …

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion
5 months, 3 weeks ago

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion

India TV News  

India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India said today. For the week ended June 21, foreign currency assets, a major component of the reserves, decreased by USD 106 million to USD 574.134 billion, the data released on Friday showed. India's forex reserves dropped by …

Rupee falls nine paise to 83.53 against U.S. dollar in early trade
8 months, 1 week ago

Rupee falls nine paise to 83.53 against U.S. dollar in early trade

The Hindu  

The Rupee depreciated nine paise to 83.53 against the U.S. dollar in early trade on April 16, weighed down by a strong American currency and elevated crude oil prices. According to interbank foreign exchange, the Rupee opened at 83.51 against the dollar and touched a low of 83.53 in the initial trade, registering a fall of nine paise over its …

Rupee falls seven paise to 83.38 against U.S. dollar in early trade
8 months, 1 week ago

Rupee falls seven paise to 83.38 against U.S. dollar in early trade

The Hindu  

The Rupee depreciated seven paise to 83.38 against the U.S. dollar in early trade on April 12, weighed down by a negative trend in domestic equities and elevated crude oil prices. At the interbank foreign exchange, the Rupee opened at 83.36 against the dollar and touched a low of 83.38 in the initial trade, registering a fall of seven paise …

How India's economy under PM Modi offers 'real alternative' to China?
9 months, 3 weeks ago

How India's economy under PM Modi offers 'real alternative' to China?

India TV News  

New Delhi: While China is reeling under an economic slump bogged down by a property crisis, high youth unemployment and massive local government debt, India's stock market is hitting record highs as the value of companies surpassed $4 trillion in 2023, with strong FDI inflow and investments expected in the future, leading many experts to believe that New Delhi offers …

Rupee falls 4 paise to 83.02 against US dollar in early trade
10 months, 2 weeks ago

Rupee falls 4 paise to 83.02 against US dollar in early trade

New Indian Express  

MUMBAI: The rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar and touched a low of 83.04 before gaining marginally to trade at 83.02, down 4 paise …

Rupee declines 4 paise to 83.05 against US dollar
11 months, 1 week ago

Rupee declines 4 paise to 83.05 against US dollar

India TV News  

The rupee ended its seven-day winning streak, declining by 4 paise to reach 83.05 against the US dollar in early Friday trading. Despite a weak US dollar and a buoyant equity market, overall market sentiment was affected by US data revealing higher-than-expected inflation in December. Thursday saw the rupee ending 2 paise higher at 83.01, marking the seventh consecutive session …

Rupee ends 14 paise higher at 83.14 a dollar; posts worst week in over 2 months
1 year ago

Rupee ends 14 paise higher at 83.14 a dollar; posts worst week in over 2 months

Live Mint  

The Indian rupee ended 14 paise paise higher against the US dollar on Friday amid a weak American currency and positive equity market sentiment. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.15% lower at 101.69, around its lowest level in over 4 months. For the week, the currency declined 0.16%, its …

Rupee ends 12 paise lower at 83.18 against the US dollar
1 year ago

Rupee ends 12 paise lower at 83.18 against the US dollar

Live Mint  

The Indian rupee ended 12 paise lower against the US dollar on Tuesday tracking losses in Asian peers as the US Federal Reserve policymakers tempered US rate cut expectations. While local dollar demand from importers weighed on the rupee, positive sentiment in the domestic equity markets amid foreign fund inflows limited the downfall. The domestic equity market ended higher amid …

Explained: Why surging oil prices is bad for Indian rupee
1 year, 3 months ago

Explained: Why surging oil prices is bad for Indian rupee

India Today  

The Indian rupee could come under pressure and decline significantly in comparison to the US dollar, analysts have warned. Analysts quoted in a Reuters report fear that a combination of factors, including surging crude oil prices and a rally of the US dollar index, could lead to a significant decline in the Indian currency’s value. Oil on the boil Brent …

Rupee rises 5 paise to 83.05 against U.S. dollar
1 year, 4 months ago

Rupee rises 5 paise to 83.05 against U.S. dollar

The Hindu  

The rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the U.S. dollar in early trade on Monday tracking a positive trend in domestic equities. Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and a rising U.S. dollar. On Friday, the rupee edged …

Rupee rises 6 paise to 82.55 against U.S. dollar
1 year, 5 months ago

Rupee rises 6 paise to 82.55 against U.S. dollar

The Hindu  

The rupee gained 6 paise to 82.55 against the U.S. dollar in early trade on July 10 supported by sustained foreign fund inflows and a bullish momentum in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.65 against the dollar and then rose to 82.55, registering a gain of 6 paise over its previous close. Forex …

Is the dollar getting dethroned? Not quite
1 year, 7 months ago

Is the dollar getting dethroned? Not quite

Hindustan Times  

There are some keywords that are periodically tossed around to indicate a looming crisis. Two, the yuan as a reserve currency – or the so-called yuannabe narrative – will not save the world which is still not ready to hand over the keys to a communist dictatorship. In fact, as the US moves towards another debt ceiling hike drama in …

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion
1 year, 7 months ago

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

India TV News  

Business news : India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. Coming back to RBI's latest data, India's …

Rupee rises 10 paise to 81.72 against U.S. dollar
1 year, 7 months ago

Rupee rises 10 paise to 81.72 against U.S. dollar

The Hindu  

The rupee gained 10 paise to 81.72 against the U.S. dollar in early trade on May 2 tracking a weak American currency and a firm trend in domestic equities. Forex traders said significant foreign fund inflows and crude oil prices below $80 a barrel also supported the local unit. "A 25bps hike with a cautiously hawkish tone amid resilient economic …

Dollar fast losing dominance as global reserve currency as rupee, yuan rise
1 year, 7 months ago

Dollar fast losing dominance as global reserve currency as rupee, yuan rise

Firstpost  

Dollar’s share of global reserves has declined by 11 per cent since 2016 on this adjusted basis, a report by Eurizon SLJ Asset Management said New Delhi: Dollar, which has been ruling as the global reserve currency, is gradually losing its dominance especially after the onset of the Russia-Ukraine war last year. The US currency saw a massive decline of …

Can Chinese yuan drub US dollar to become the most dominant currency?
1 year, 8 months ago

Can Chinese yuan drub US dollar to become the most dominant currency?

Firstpost  

The rising influence of China’s currency yuan has prompted questions about whether it can oust the US dollar as the world’s dominant currency. Yuan topples US dollar in Russia Russia turned to China’s currency amid Western sanctions following Moscow’s invasion of Ukraine last February. However, the US dollar still commanded Brazil’s total foreign reserves last year, with 80.42 per cent …

Indian rupee could be the new dollar, says ‘Doctor Doom’ Nouriel Roubini
1 year, 10 months ago

Indian rupee could be the new dollar, says ‘Doctor Doom’ Nouriel Roubini

Firstpost  

Nicknamed as ‘Doctor Doom’ by Wall Street, Nouriel Roubini said overall there will be a process of de-dollarization over time New Delhi: The Indian rupee over time could become one of the global reserve currencies in the world, noted economist Nouriel Roubini said. Nicknamed as ‘Doctor Doom’ by Wall Street, Roubini in an interview to ET Now said: “One can …

Indian rupee ends 2022 as worst-performing Asian currency
1 year, 11 months ago

Indian rupee ends 2022 as worst-performing Asian currency

Live Mint  

The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 11.3%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve's aggressive monetary policy stance to tame inflation. Heading into 2023, market participants believe the rupee would trade with an appreciation bias, finding relief from easing commodity prices and hopeful of …

Markets end in red; Sensex falls for 3rd day in row, IT stocks worst hit
2 years ago

Markets end in red; Sensex falls for 3rd day in row, IT stocks worst hit

Live Mint  

Indian markets corrected steeply on Tuesday tracking feeble Asian counterparts as global investors turned cautious after strong US services data sparked bets for higher terminal rates by Federal Reserve. Surprisingly, the Indian rupee reached its highest level since November 7th against the US dollar due to suspected Yuan-Rupee carry trade unwind and corporate dollar outflows. Rupak De, Senior Technical Analyst …

Rupee falls 37 paise to 81.63 against US dollar in early trade
2 years, 1 month ago

Rupee falls 37 paise to 81.63 against US dollar in early trade

Firstpost  

At the interbank foreign exchange, the domestic unit opened at 81.62 against the dollar, then lost ground to quote at 81.63, registering a loss of 37 paise over its previous close Mumbai: The rupee depreciated 37 paise to 81.63 against the US dollar in early trade on Thursday, tracking the strength of the American currency in the overseas market and …

FM Nirmala Sitharaman Is Right: Rupee Hasn’t Weakened, Dollar Has Strengthened - News18
2 years, 1 month ago

FM Nirmala Sitharaman Is Right: Rupee Hasn’t Weakened, Dollar Has Strengthened - News18

News 18  

On 16 October 2022, Finance Minister Nirmala Sitharaman made a statement: “I look at it not as rupee sliding but dollar strengthening.” Needless to say, this statement created a political outrage, with former Finance Minister P Chidambaram sarcastically remarking: “FM said that the rupee is not weakening but the dollar is strengthening. Hence for this analysis, the performance of the …

DC Edit | Rupee dances to dollar tunes
2 years, 2 months ago

DC Edit | Rupee dances to dollar tunes

Deccan Chronicle  

The levels of literacy in India may not be phenomenally high — to be precise 124th rank, according to Unesco, sharing the space with some of the most backward countries from Africa. In fact, they are so touchy about the issue that Narendra Modi, in his earlier avatar as the BJP’s Prime Ministerial candidate, sought to cash in on when …

Rupee falls 14 paise to close at 82.35 against US dollar
2 years, 2 months ago

Rupee falls 14 paise to close at 82.35 against US dollar

Deccan Chronicle  

NEW DELHI: The rupee fell 14 paise to close at 82.35 against the US dollar on Wednesday amid the strengthening of the American currency and sustained foreign fund outflows. At the interbank foreign exchange market, the local currency opened at 82.32, then fell further to settle at 82.35 against the American currency, registering a decline of 14 paise over its …

Rupee Has Held Up Very Well Against Dollar Compared to Other Currencies: FM Sitharaman
2 years, 2 months ago

Rupee Has Held Up Very Well Against Dollar Compared to Other Currencies: FM Sitharaman

News 18  

Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation. The rupee slumped 30 paise …

EXPLAINED: How the Strong US Dollar Can Affect Everyone
2 years, 3 months ago

EXPLAINED: How the Strong US Dollar Can Affect Everyone

News 18  

The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? The U.S. Dollar index, which measures the dollar against the euro, yen and other major currencies, has climbed more than 14% this year. Partly because of that …

Rupee falls 2 paise to close at 79.80 against US dollar
2 years, 3 months ago

Rupee falls 2 paise to close at 79.80 against US dollar

Deccan Chronicle  

MUMBAI: The rupee pared its initial gains and settled 2 paise lower at 79.80 against the US dollar on Monday, weighed down by the strength of the greenback in the overseas market. On the domestic equity market front, the BSE Sensex ended 300.44 points or 0.51 per cent higher at 59,141.23, while the broader NSE Nifty gained 91.40 points or …

EXPLAINER: How the strong U.S. dollar can affect everyone
2 years, 3 months ago

EXPLAINER: How the strong U.S. dollar can affect everyone

Associated Press  

NEW YORK — The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? That’s about 30% more and one of the biggest moves the U.S. dollar has made against another currency. The U.S. Dollar index, which measures …

Indian rupee showed more resilience than other currencies in recent years: Goyal
2 years, 3 months ago

Indian rupee showed more resilience than other currencies in recent years: Goyal

The Hindu  

Indian rupee has shown more resilience than most of the other currencies in recent years and the compounded average growth rate of depreciation is lower as compared to pre-2014, Minister of Commerce and Industry Piyush Goyal has said. I am happy that the Indian rupee has shown more resilience than most of the currencies in recent years," Mr. Goyal said …

Currency caution: The Hindu Editorial on the Indian rupee’s depreciation
2 years, 5 months ago

Currency caution: The Hindu Editorial on the Indian rupee’s depreciation

The Hindu  

The Indian rupee is experiencing its worst slump in four years. While the Indian currency is not alone in faring poorly against the greenback, with even the historically strong euro and the British pound taking a hammering and weakening by more than the rupee has, the fact that other currencies too have appreciably lost value against the dollar can only …

Despite pressures, the Indian rupee’s remarkable resilience
2 years, 5 months ago

Despite pressures, the Indian rupee’s remarkable resilience

The Hindu  

The Indian rupee has depreciated by around 7% against the U.S. dollar, since the start of the year, in response to various domestic and global factors. Specifically, a widening current account deficit, persistent risk-off sentiment as a result of geopolitical tensions, ‘a strengthening dollar index, and continuous sell-off by foreign portfolio investors have all put pressure on the rupee’. Elevated …

Why the rupee at 80 against the US dollar may not be bad news?
2 years, 5 months ago

Why the rupee at 80 against the US dollar may not be bad news?

Business Standard  

Russia’s invasion of Ukraine added fuel to the ongoing rush. As a result, the Indian rupee breached the psychological mark of 80 against the US dollar to hit a record low for the seventh One of the main reasons cited by Finance Minister Nirmala Sitharaman for the depreciation of rupee was the capital outflow. Companies drawing highest share of revenues …

Rupee hits all-time low of 80 against US dollar in early trade
2 years, 5 months ago

Rupee hits all-time low of 80 against US dollar in early trade

India Today  

The Indian Rupee on Tuesday, July 19, sunk to a record low of 80 per US Dollar in early trade for the second day in a row, reported news agency ANI. The Union government on Monday admitted in Parliament that the value of the Indian rupee against the dollar has fallen by Rs 16.08 in the last eight years. Capital …

Costlier Oil Prices, Tight Financial Conditions, FPI Outflows Responsible For Rupee Fall: Sitharaman
2 years, 5 months ago

Costlier Oil Prices, Tight Financial Conditions, FPI Outflows Responsible For Rupee Fall: Sitharaman

News 18  

Finance Minister Nirmala Sitharaman on Monday said global factors, such as a surge in crude oil prices and tight financial conditions, along with foreign portfolio investment outflows, are responsible for the fall in the exchange rate of the Indian rupee against the US dollar. “Global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial …

INR vs USD: Rupee gains against dollar ahead of ECB meeting
2 years, 5 months ago

INR vs USD: Rupee gains against dollar ahead of ECB meeting

Live Mint  

Rupee vs dollar: On expectations of 25 bps to 50 bps interest rate hike in the European Central Bank monetary policy meeting scheduled on 21st July 2022 and dollar index trading slightly lower in early morning session, Indian National Rupee gained 6 paise against the US dollar and ascended to 79.76 levels on Monday. According to currency experts, dollar index …

Data | Making sense of Rupee’s record slump to 79 per dollar
2 years, 5 months ago

Data | Making sense of Rupee’s record slump to 79 per dollar

The Hindu  

On July 1, the rupee breached the 79 per dollar mark for the first time ever. In order to smoothen the rupee’s fall and curb excess volatility, the Reserve Bank of India has been selling dollars in the forex markets from its reserves from time to time. Chart 3 | Foreign exchange reserves Besides the FPI outflows, a widening trade …

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