How Much Is Rupee Likely to Fall In Coming Days Despite FPI Net Inflows? Experts Explain
2 years, 3 months ago

How Much Is Rupee Likely to Fall In Coming Days Despite FPI Net Inflows? Experts Explain

News 18  

Despite foreign investments have reversed the outflow trend and saw net inflows since July after witnessing net outflows since October 2021, the Indian rupee is still falling to its record lows. In the current calendar year, the rupee has declined about nine per cent after plunging to all-time lows multiple times. Experts On Rupee Fall Vivek Iyer, partner and leader at Grant Thornton Bharat, said investors are unwinding their rupee positions and taking dollar positions as the US Federal Reserve last week raised its key interest rate by 75 basis points and India’s rate hike decision still impending, which is likely to be lower than the US at 50 basis points. Iyer added, “Additionally, the pace of interventions by the RBI has been less, given that the rate hike is just around the corner which is expected to reverse the currency losses the rupee is experiencing currently.” The dollar index, which gauges the greenback’s strength against a basket of six currencies, on Monday rose 0.67 per cent to 113.94.

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History of this topic

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade
Trending News
1 day, 11 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, 19 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 …

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January
Trending News
2 days, 3 hours ago

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January

Live Mint  

Indian Stock Market: Foreign portfolio investors are reluctant to pause their selling streak in Indian markets, even after withdrawing substantial funds in the previous calendar year. Other factors weighing on investor sentiment include rising crude oil prices, subdued expectations for Indian Inc.'s Q3 performance, a slowdown in the Indian economy, uncertainties surrounding Donald Trump's economic policies, and the ongoing tensions …

Rupee falls 27 paise to record low of 86.31 against USD.
Top News
2 days, 4 hours 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 …

Indian rupee falls to lifetime low of 86.31 against dollar; Sensex, Nifty down: 3 factors
2 days, 5 hours ago

Indian rupee falls to lifetime low of 86.31 against dollar; Sensex, Nifty down: 3 factors

Firstpost  

The Indian rupee fell to a record low of 86.31 against the US dollar on Monday morning. A weak INR also impacted the Indian stock market with Sensex and Nifty trading in the red The Indian rupee on Monday fell to a lifetime low of 86.31 against the US dollar in early trade as the American currency continued to gain …

Rupee hits all-time low of 86/USD for first time. Will it decline further?
Trending News
2 days, 11 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 …

India’s Growth Slowdown Meets Global Headwinds
4 days, 21 hours ago

India’s Growth Slowdown Meets Global Headwinds

The Hindu  

Published : Jan 10, 2025 18:40 IST - 5 MINS READ Reams of news space were occupied this week by the analysis of the growth snafu that India has hit. The first set of advance estimates for FY25 has pegged India’s real GDP growth at 6.4 per cent. It is also lower than the Reserve Bank of India’s current projection …

Turbulence ahead: Foreign investors raise index shorts to seven-month high
5 days, 11 hours ago

Turbulence ahead: Foreign investors raise index shorts to seven-month high

Live Mint  

The stock market appears headed for further turbulence with foreign portfolio investors raising their bearish bets to a seventh-month high, even as they continue to sell in the cash market. Amid rising uncertainty in the domestic and global macroeconomic environments, FPIs have increased cumulative net shorts on Nifty and Bank Nifty futures to 238,321 contracts on 8 January. The National …

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, …

Rupee logs 9th straight week of losses, analysts expect more weakness
1 week, 5 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%," …

Rupee dents FPI dollar returns in 2024
Trending News
1 week, 6 days ago

Rupee dents FPI dollar returns in 2024

Live Mint  

The continuing slide of the rupee against the dollar has significantly hit the dollar returns of foreign portfolio investors in India. “Global investor returns are indexed to the dollar and, thus, the fall in rupee last year has impinged on their dollar returns,” said Ashish Gupta, chief investment officer at Axis Mutual Fund. Experts said the impact of the weaker …

FPIs pump ₹1.65 lakh cr in Indian markets, equity inflows plunge 99% to ₹427 cr in 2024: What lies ahead in 2025?
Trending News
1 week, 6 days ago

FPIs pump ₹1.65 lakh cr in Indian markets, equity inflows plunge 99% to ₹427 cr in 2024: What lies ahead in 2025?

Live Mint  

India experienced a drastic drop in Foreign Portfolio Investment inflows in 2024, with net investments falling by 99 per cent compared to the previous year, according to data from the National Securities Depository Limited. The strong performance of the US economy, coupled with resilient stock markets and prolonged higher interest rates, directed substantial investment towards US bonds, money markets, and …

Rupee ends at record closing low for seventh straight session
Trending News
2 weeks 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 …

FPI inflows decline 99 pc in 2024 to ₹2026 cr from ₹1.71 lakh crore in 2023
2 weeks, 1 day ago

FPI inflows decline 99 pc in 2024 to ₹2026 cr from ₹1.71 lakh crore in 2023

Live Mint  

New Delhi, December 31 : India experienced a drastic drop in Foreign Portfolio Investment inflows in 2024, with net investments falling by 99 per cent compared to the previous year, according to data from the National Securities Depository Limited. The strong performance of the US economy, coupled with resilient stock markets and prolonged higher interest rates, directed substantial investment towards …

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 …

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025
3 weeks ago

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

Live Mint  

New Delhi, Dec 25 After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over ₹5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. As of now, foreign portfolio investors have made a net investment of over ₹5,052 crore in …

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 …

Friday fall caps worst week on D-Street since June 2022
3 weeks, 4 days ago

Friday fall caps worst week on D-Street since June 2022

The Hindu  

India’s key stock indices plunged a sharp 1.5% on Friday to hit a 21-day low, capping the worst week for the broad market benchmarks in two and a half years, on a day that was marked by a deeper selloff in mid-cap and small cap stocks as well as sharper declines for IT, auto and bank indices. “On a weekly …

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 …

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
4 weeks 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 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 …

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 …

FPIs pump ₹22,766 crore in Indian equities; Will the inflows continue in December? Experts weigh in
1 month ago

FPIs pump ₹22,766 crore in Indian equities; Will the inflows continue in December? Experts weigh in

Live Mint  

Foreign portfolio investors took a sharp U-turn and turned net buyers on positive domestic indicators in December, snapping their robust two-month selling streak. According to the National Securities Depository Ltd data, FPIs invested ₹22,766 crore in Indian equities this month, and net inflows stood at ₹34,318 crore as of December 13, taking into account debt, hybrid, debt-VRR, and equities. “FIIs …

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 hits new low of 84.88 against USD
1 month ago

Rupee hits new low of 84.88 against USD

New Indian Express  

The rupee is expected to trade near 84.5 against the dollar by end December. A strong dollar continues to create a depreciating bias for currencies globally and is likely to sustain FPI outflows from Indian markets in the near term. As a result, the 10Y UST yield has surged by 71bps between October and November, while the dollar index has …

Rupee hits record low, RBI intervention counters bearish tilt
1 month 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 …

Rupee hits lifetime low before RBI intervened to stop further decline
1 month ago

Rupee hits lifetime low before RBI intervened to stop further decline

Firstpost  

The Indian rupee weakened to a low of 84.88 to the US dollar, down 0.04 per cent on the day. The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards market and from importers while intervention by the central bank kept a lid on losses, traders said. Heightened dollar demand in the …

Rupee takes a dive, more turbulence in 2025
1 month ago

Rupee takes a dive, more turbulence in 2025

Live Mint  

What triggered the rupee’s recent fall? The Indian rupee breached a record low of 84.85 per dollar this week and briefly tested 85.06-per-dollar levels as outgoing Reserve Bank of India governor Shaktikanta Das’s term ended on Tuesday. However, increasing geopolitical uncertainty, attractive US government bond yields, cheaper crude oil prices and heavy foreign institutional investor outflow from domestic equities further …

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade
1 month ago

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

The Hindu  

The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering …

Rupee's slide: What it means for economy, markets, and you
1 month, 1 week 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. …

Rupee remains one of the best-performing Asian currencies: MoS Finance
1 month, 1 week ago

Rupee remains one of the best-performing Asian currencies: MoS Finance

Deccan Chronicle  

New Delhi: The rupee remains one of the best-performing Asian currencies despite geopolitical tensions in the Middle East and other headwinds, indicating India's sound economic fundamentals, Minister of State for Finance Pankaj Chaudhary said on Monday. During the current calendar year 2024, he said, the rupee depreciated by 1.4 per cent till November 19, 2024 against the US dollar. Despite …

Rupee falls 2 paise to 84.49 against U.S. dollar in early trade
1 month, 2 weeks ago

Rupee falls 2 paise to 84.49 against U.S. dollar in early trade

The Hindu  

The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. On Thursday, the rupee depreciated 7 paise to close at …

Rupee to bypass recovery in Asian peers on worries over outflows
1 month, 2 weeks ago

Rupee to bypass recovery in Asian peers on worries over outflows

Live Mint  

By Nimesh Vora MUMBAI, Nov 29 - The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 …

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff
1 month, 3 weeks ago

Indian rupee hits fresh low amid US dollar rally and ongoing FPI selloff

Live Mint  

The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors, and escalating geopolitical tensions continued to weigh heavily on the local currency. The dollar’s strength has been fueled by expectations that President-elect Donald Trump’s policies could reignite inflation and reduce …

India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda
1 month, 4 weeks ago

India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda

Live Mint  

New Delhi, November 18 : Foreign portfolio investment inflows into India are projected to remain positive in FY25, with an expected inflow of USD 20-25 billion, according to a report by Bank of Baroda. The report said, "Given India's robust macro fundamentals, the recent bout of FPI outflows is likely to be only temporary. For investors seeking higher returns, the …

Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar
2 months ago

Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar

The Hindu  

The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 against the U.S. dollar on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors. "There was no respite on the US inflation front as the data released yesterday showed that the U.S. core consumer price index …

Stock market today: 5 factors behind today’s selloff as Sensex, Nifty crash over 1%
2 months ago

Stock market today: 5 factors behind today’s selloff as Sensex, Nifty crash over 1%

Live Mint  

Stock market crash today: The Indian stock market experienced a tough day, with early optimism fading quickly, leading to a sharp drawdown. Nifty PSU Bank also saw a significant decline, shedding 1.92%, while Nifty FMCG, Nifty Metal, Nifty Energy, and Nifty Consumer Durables all closed with losses of up to 1.5%. The Nifty PSE index ended the session with a …

Rupee falls to all-time low against US dollar
2 months ago

Rupee falls to all-time low against US dollar

Deccan Chronicle  

Mumbai: The rupee slipped 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday, as persistent foreign fund outflows and strength of the American currency in the overseas market dented investors' sentiments. Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank …

INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?
2 months 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 falls to all-time low of 84.38 against US dollar
2 months ago

Rupee falls to all-time low of 84.38 against US dollar

Deccan Chronicle  

The rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows.At …

Rupee plunges to all-time low of 84.38 against US dollar
Trending News
2 months ago

Rupee plunges to all-time low of 84.38 against US dollar

India Today  

The rupee hit a record low against the US dollar on Monday, as concerns surrounding the recent victory of Donald Trump in the US elections put Asian currencies under pressure. FOREIGN INVESTORS PULL MONEY FROM INDIAN STOCKS Foreign investors have been offloading Indian stocks at a notable pace, adding further pressure on the rupee. Market experts say the rupee could …

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