'No need to be 'overtly' worried about fall in rupee,' says Economic Affairs Secretary Ajay Seth
2 years, 8 months ago

'No need to be 'overtly' worried about fall in rupee,' says Economic Affairs Secretary Ajay Seth

Firstpost  

The rupee for the first time touched a low level of 80 against the US dollar in intra-day spot trading at the interbank foreign exchange market on Monday New Delhi: Economic Affairs Secretary Ajay Seth on Tuesday said that the rupee is managed well and there is nothing to be “overtly” worried about the depreciation in the domestic currency against the US dollar. The rupee for the first time touched a low level of 80 against the US dollar in intra-day spot trading at the interbank foreign exchange market on Monday. The RBI increased the ECB limit under the automatic route from USD 750 million or its equivalent per financial year to USD 1.5 billion, and eased norms for foreign portfolio investments in the debt market. The Reserve Bank of India regularly monitors the foreign exchange market and intervenes in situations of excess volatility, he said in a written reply in the Rajya Sabha.

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History of this topic

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years
Trending News
1 week ago

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years

Live Mint  

INR vs USD Rate Today: The Indian rupee posted its best day against the US dollar in two months after rising for the sixth straight session on Friday, March 21. INR vs USD Rate Outlook “Rupee strengthened with a sharp rise of ₹0.40 or 0.46 per cent at 85.94, as foreign inflows surged with strong buying figures. The US Fed's …

Bears bail as inflows boost Indian rupee to near two-month high
1 week, 2 days ago

Bears bail as inflows boost Indian rupee to near two-month high

Live Mint  

By Jaspreet Kalra and Nimesh Vora MUMBAI, March 20 - The Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. Traders have attributed the rupee's recent rally primarily to dollar sales by foreign banks, likely on behalf of their clients. …

Rupee touches three-week high aided by foreign banks’ dollar offers
1 week, 5 days ago

Rupee touches three-week high aided by foreign banks’ dollar offers

Live Mint  

By Jaspreet Kalra MUMBAI, March 17 - The Indian rupee strengthened on Monday, boosted by dollar sales from foreign banks and as the greenback lingered near a 5-month low against major peers on worries about a slowdown in the world's largest economy. Foreign banks were spotted offering dollars in early trading, which helped the rupee, a trader at a state-run …

Rupee Falls 41 Paise Against USD, Worst Single Day Drop in a Month
2 weeks, 4 days ago

Rupee Falls 41 Paise Against USD, Worst Single Day Drop in a Month

Deccan Chronicle  

Mumbai: The Indian rupee fell by 41 paise to close at 87.36 against the US dollar on Monday, marking its steepest single-day drop in over a month since February 5 amid worries about the United States' statements on tariffs on Indian exports to the US. Market participations are now closely monitoring consumer inflation data from both India and the US, …

Govt wants rupee stability; RBI may again aggressively defend the currency
2 weeks, 5 days ago

Govt wants rupee stability; RBI may again aggressively defend the currency

Live Mint  

Mumbai/New Delhi: The Reserve Bank of India is expected to continue defending the rupee, with the government expressing confidence that the central bank's strategic interventions would stagger the pace of slide, according to a senior official. There is no change in the forex policy of the central bank despite several quarters believing that under the new governor Sanjay Malhotra, RBI …

Rupee falls 5 paise to 87.11 against US dollar in early trade
3 weeks, 2 days ago

Rupee falls 5 paise to 87.11 against US dollar in early trade

The Hindu  

The rupee failed to sustain its gaining momentum and fell 5 paise to 87.11 against the US dollar in early trade on Thursday as a lower American currency and crude oil prices failed to boost sentiment amid volatile equity markets and foreign funds outflow. In the domestic equity market, the 30-share BSE Sensex was trading 20.53 points, or 0.03 per …

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in
1 month ago

Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in

Live Mint  

INR vs USD Today: The Indian rupee logged its worst day in three weeks on Tuesday, February 25, 2025, dragged by weakness in regional peer currencies, importer hedging and US dollar demand related to the expiry of the non-deliverable forward contracts causing month-end interest among importers. According to forex traders, elevated greenback against major crosses and sustained foreign institutional outflows …

INR vs USD: Rupee rises for second day, hits two-week high on RBI intervention
1 month, 2 weeks ago

INR vs USD: Rupee rises for second day, hits two-week high on RBI intervention

Live Mint  

The Indian rupee rose on Wednesday, hitting a nearly two-week high and extending its two-day rally spurred by central bank intervention, which analysts reckon may have forced the liquidation of bearish positions on the currency. "The central bank's decisive hand is likely to stabilise the rupee in the near term, with the direction thereafter to be dictated by global dollar …

RBI intervenes to stop rupee’s fall to 88 to a dollar
1 month, 2 weeks ago

RBI intervenes to stop rupee’s fall to 88 to a dollar

Live Mint  

The rupee recovered from its all-time low on Monday after the Reserve Bank of India likely intervened by selling dollars in the wake of US President Donald Trump’s announcement of fresh tariff plans. According to traders, the rupee was supported by the central bank’s strong intervention since the start of trade. The rupee’s real effective exchange rate was at an …

Rupee crashes 44 paise to all-time low of 87.94 against US dollar
1 month, 2 weeks ago

Rupee crashes 44 paise to all-time low of 87.94 against US dollar

India Today  

The rupee hit a new all-time low on Monday as concerns over potential U.S. trade tariffs triggered losses across most regional currencies. In early trade, the rupee weakened to 87.95 per U.S. dollar, surpassing its previous record low of 87.5825 from last week. The rupee was expected to breach the 88 level at the open, but dollar sales helped it …

FPIs Remain Cautious, Continue To Dump Indian Equities In Feb. See What Triggered The Selling
1 month, 2 weeks ago

FPIs Remain Cautious, Continue To Dump Indian Equities In Feb. See What Triggered The Selling

ABP News  

Foreign portfolio investors continued to withdraw from the Indian equity markets in February as global trade concerns mounted with US President Donald Trump imposing fresh tariffs on several countries such as China and Canada. Official depository data revealed that the investors dumped Indian equities worth more than Rs 7,300 crore in the first week of the month till February 7, …

RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%
1 month, 3 weeks ago

RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%

The Hindu  

Lowering India’s interest rates for the first time in the last 57 months, the Monetary Policy Committee of the Reserve Bank of India on Friday unanimously cut the repo rate by 25 basis points to 6.25%, to support fading growth in the hope of inflation easing to 4.4% in this quarter and 4.2% through 2025-26. ‘Neutral stance’ In view of …

Mint Quick Edit | A rupee slide needn’t be bad for India
1 month, 3 weeks ago

Mint Quick Edit | A rupee slide needn’t be bad for India

Live Mint  

The rupee seems to be on a relatively unrestrained slide. If the rupee is held artificially high, it gets exposed to speculative attacks, even though capital controls can shield it to an extent. A fairly valued rupee would also enable Indian exporters to stay competitive. Under a new governor, the Reserve Bank of India may have reduced dollar sales in …

Rupee declines to 87.58, marking worst performance among Asian currencies in 2025
1 month, 3 weeks ago

Rupee declines to 87.58, marking worst performance among Asian currencies in 2025

Hindustan Times  

The Indian rupee declined to its lifetime low on Thursday as a dip in Asian peers added to the prevailing bearish outlook on the currency a day before a crucial monetary policy decision. A day before a significant monetary policy decision, the Indian rupee fell to its lowest level ever on Thursday as a slide in its Asian counterparts exacerbated …

Indian Rupee Hits Fresh Low Of 87.37 Against The US Dollar; Here's What Could Be The Driver
1 month, 3 weeks ago

Indian Rupee Hits Fresh Low Of 87.37 Against The US Dollar; Here's What Could Be The Driver

ABP News  

The Indian rupee hit an all-time low on Wednesday, during afternoon trade amid a slump in Asian equities. The rupee dropped to 87.35 against the US dollar, surpassing its previous record low of 87.28 set on Monday, and was down nearly 0.3 per cent for the day. Asian equities pared their gains after Chinese stocks opened lower, as investor caution …

Amid global tumult, Rupee breaches 87 against dollar
1 month, 3 weeks ago

Amid global tumult, Rupee breaches 87 against dollar

The Hindu  

The Indian Rupee slumped almost 0.6% or 49 paise to breach the 87 mark against the U.S. Dollar on Monday, amid a meltdown for most emerging market currencies and stock markets across Asia and Europe on the first day of trading after President Donald Trump imposed higher tariffs on Canada, Mexico and China. A top Finance Ministry official signalled the …

Rupee falls 55 paise to breach 87 level against dollar as Trump tariff triggers trade war fears
1 month, 3 weeks ago

Rupee falls 55 paise to breach 87 level against dollar as Trump tariff triggers trade war fears

The Hindu  

The rupee plunged 55 paise to close at an all-time low of 87.17 against the U.S. dollar on Monday, as global market sentiments were impacted after the Trump administration slapped tariffs on Canada, Mexico and China. Forex traders said the Indian rupee touched a fresh all-time low on a surge in the U.S. Dollar index and weak global markets after …

Excessive rupee volatility may impact trade, but remains a free-float currency: Finance secretary Tuhin Kanta Pandey
1 month, 3 weeks ago

Excessive rupee volatility may impact trade, but remains a free-float currency: Finance secretary Tuhin Kanta Pandey

Live Mint  

NEW DELHI : Finance and revenue secretary Tuhin Kanta Pandey emphasized on Monday that the Indian rupee remains a free-floating currency and the government is not alarmed by exchange rate fluctuations, which are driven by cross-border capital flows. External pressures and domestic growth The sharp decline in the rupee follows Trump’s 25% tariffs on imports from Mexico and Canada, along …

Not concerned about rupee value, RBI managing volatility: Finance Secretary
1 month, 3 weeks ago

Not concerned about rupee value, RBI managing volatility: Finance Secretary

Live Mint  

New Delhi, Feb 3 Amid rupee falling to a record low level of 87.29 to a dollar, Finance Secretary Tuhin Kanta Pandey on Monday said there is no concern over rupee value and the Reserve Bank of India is managing the volatility of the local currency. The rupee depreciated 67 paise to hit record low of 87.29 against the US …

Rupee Falls To All-Time Low Of 87.29 Against US Dollar, Find Out Why
1 month, 3 weeks ago

Rupee Falls To All-Time Low Of 87.29 Against US Dollar, Find Out Why

ABP News  

The Indian rupee took a massive hit on Monday and slipped to a new record low against the American dollar. The domestic unit depreciated 67 paise to reach an all-time low of 87.29 against the US dollar in early trade on Monday. This fall in the domestic currency was triggered by fears of a broader trade war after US President …

Rupee hits record low of 87.29 against US dollar in early trade as Trump tariffs stoke trade war fears
1 month, 3 weeks ago

Rupee hits record low of 87.29 against US dollar in early trade as Trump tariffs stoke trade war fears

Hindustan Times  

The rupee fell by 67 paise to hit record low of 87.29 against the US dollar in early trade on Monday, February 3, 2025, a day after US President Donald Trump's tariffs on Canada, Mexico and China that triggered fears of a broad trade war. Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year …

Rupee falls below 87 against dollar for the first time as Trump tariffs reset global market
Trending News
1 month, 3 weeks ago

Rupee falls below 87 against dollar for the first time as Trump tariffs reset global market

Firstpost  

As US President Donald Trump has unleashed a tariff war on the world, the Indian Rupee has fallen to an all-time low of over Rs 87 In the wake of US President Donald Trump’s trade war on the world, the Indian Rupee fell to an all-time low of 87.1 to 1 US Dollar on Monday morning. The offshore Chinese yuan, …

Rupee hits an all-time low to go past Rs 87 against US dollar. Here's why
1 month, 3 weeks ago

Rupee hits an all-time low to go past Rs 87 against US dollar. Here's why

India Today  

The rupee fell to a record low of Rs 87.07 against the US dollar on Monday, as global currency markets reacted to fresh trade tensions. The decline came after US President Donald Trump imposed new tariffs on key trading partners, strengthening the US dollar and putting pressure on Asian currencies. The new trade restrictions have boosted the value of the …

Rupee sees high volatility against US dollar in early trade
2 months, 1 week ago

Rupee sees high volatility against US dollar in early trade

The Hindu  

The rupee witnessed high volatility in morning trade on Wednesday, as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors to take the cautious path. Domestically, the Indian markets faced significant pressure from global uncertainties, and foreign investors sold more than USD 7 billion during this month pressuring the rupee and Indian …

Rupee expected to appreciate a bit; to hover around 85-86/USD
2 months, 1 week ago

Rupee expected to appreciate a bit; to hover around 85-86/USD

Live Mint  

New Delhi, Jan 19 Rupee is expected to appreciate a bit and stabilise around 85-86 a dollar in the coming weeks with RBI's continued focus on stability of the domestic currency, Deloitte economist Rumki Majumdar said. The rupee tanked last week to hit its all-time low of 86.70 against the US dollar as massive foreign fund outflows and falling domestic …

Rupee tantrums: The risk and cost of RBI's approach
2 months, 1 week ago

Rupee tantrums: The risk and cost of RBI's approach

Live Mint  

The excessive exchange-rate stability of the past two years may have come at huge cost to the economy. Reports suggesting that the RBI may be less inclined to persist with its tight control over the exchange rate under new governor Sanjay Malhotra added downward pressure in forex markets, sending the rupee to a new low of 86.63 against the dollar …

RBI to continue interventions in forex market, despite tight liquidity
2 months, 1 week ago

RBI to continue interventions in forex market, despite tight liquidity

Live Mint  

Tight liquidity will not bind the Reserve Bank of India’s hands in intervening to curb excessive rupee volatility in the forex market, said a senior official aware of the thinking at the central bank. While liquidity management will not be a constraint for RBI to intervene in the forex market, bankers believe that the central bank will have to infuse …

Worry over a falling rupee
2 months, 2 weeks ago

Worry over a falling rupee

Hindustan Times  

It is widely and popularly believed that a strong currency is a reflection of a strong economy. It is almost poetic justice that politicians who once used the exchange rate as a political weapon are going red in the face trying hard to discredit its use by their opponents. But politics aside, the actual economics of what drives exchange rates …

Rupee declines past 86 mark vs dollar for first time on resilient US economy, weak inflows
2 months, 2 weeks ago

Rupee declines past 86 mark vs dollar for first time on resilient US economy, weak inflows

Live Mint  

MUMBAI - The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that compounded the pressure from weak inflows and higher hedging activity. The rupee declined 0.4% to a lifetime low of 86.3900 per dollar, tracking the weakness in Asian currencies following nonfarm payrolls data that pointed to …

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar
2 months, 2 weeks ago

India’s forex reserves lowest in 10 months after rupee crashes to all-time low of 86.04 against US dollar

Live Mint  

India's foreign exchange reserves plunged for the fifth consecutive week to hit a 10-month low of $634.59 billion as of January 3. Data from the Reserve Bank of India showed on Friday that the forex kitty declined by $5.7 billion in the reported week after falling by a cumulative $17.8 billion in the previous three weeks. Forex reserves have been …

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact
2 months, 2 weeks ago

Rupee falls for 10th straight week, hits all-time low amid uncertainty over Trump impact

Firstpost  

The development comes amid a strenghtening US dollar as well as uncertainty over potential economic policies from former US President Donald Trump weighing on global markets The Indian rupee fell for the 10th consecutive week, hitting a record low of 85.97 to the dollar on Friday. The development comes amid a strenghtening US dollar as well as uncertainty over potential …

Rupee to face pressure as upbeat US data reignites dollar uptrend
2 months, 3 weeks 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, …

Why is the rupee weakening against the dollar? | Explained
2 months, 3 weeks ago

Why is the rupee weakening against the dollar? | Explained

The Hindu  

The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low of 85.81. The price of any currency in the foreign exchange market is determined by the demand for the currency vis-a-vis its supply. One of the most important determinants of the supply of a currency …

Rupee expected to weaken more in coming months
2 months, 3 weeks 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%," …

Currency concerns: on the rupee
2 months, 4 weeks 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 …

Rupee Volatility Surge Puts RBI’s Currency Strategy in Focus
2 months, 4 weeks 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 …

Rupee tumbles 3 pc in 2024; turbulence to ebb in slow motion in next year
3 months ago

Rupee tumbles 3 pc in 2024; turbulence to ebb in slow motion in next year

Deccan Chronicle  

Mumbai: The Indian rupee tumbled 3 per cent in 2024 as concerns over slower economic growth and the green buck's global strength weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year. The RBI's log of the daily exchange rate movement of rupee versus major currencies showed …

Indian rupee hits record lifetime intra-day low on Friday
3 months 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 …

Mint Quick Edit | Has the rupee weakened or strengthened?
3 months 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 …

The bad and good of rupee weakening against dollar
3 months 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 months 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 hits all-time low against US dollar. Why is it under pressure?
3 months, 1 week 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 …

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
3 months, 1 week 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 …

Rupee plunges to all-time low, reaches Rs 85 against US dollar
Trending News
3 months, 1 week 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 months, 1 week 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 …

Indian rupee to face renewed pressure as US yields climb
3 months, 1 week 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 …

Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
3 months, 2 weeks 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
3 months, 2 weeks 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
3 months, 2 weeks 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 …

Rupee hits record low, RBI intervention counters bearish tilt
3 months, 2 weeks ago

Rupee hits record low, RBI intervention counters bearish tilt

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the non-deliverable forwards market, while the central bank's intervention helped prevent sharp losses. The dollar index was little changed at 106.5, unfazed by the elevated odds of a December …

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