Why the fall of the rupee should have us all worried
2 years, 6 months ago

Why the fall of the rupee should have us all worried

The Hindu  

Published : Jul 10, 2022 18:00 IST ALL is not quiet on India’s external economic front. In fact, in a recent interview to Business Standard, Duvvuri Subbarao, a former RBI Governor, pointed out that “even as the rupee has depreciated vis-à-vis the dollar, it has actually strengthened against other hard currencies such as the euro and the yen” and that “the RBI should lean towards non-intervention rather than intervention, and allow the rupee to gradually depreciate”. Comparing the situation today with that during the taper tantrum of 2013, when the rupee slumped in value following foreign investor exit triggered by fears of interest rate hikes, he held that the current macroeconomic situation was much better, with “more credibility on the fiscal front” and the expected increase in the current account deficit to over 3 per cent this year likely to “be a one-off”. Factors such as these could necessitate expensive and large imports in the medium term, keeping the import bill and the trade deficit high, with attendant pressure on the rupee. Second, it reduces the level of foreign exchange reserves the central bank holds and curbs its appetite to intervene in the market to stabilise the rupee by selling dollars.

India Trade Indian Capital Imports Fall Billion Foreign Recent Rbi Rupee Deficit Recent Years Foreign Exchange Reserves Reserves Depreciation  trade  recent  worried  foreign  depreciation  deficit  imports  capital  reserves  billion  fall  rupee

History of this topic

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

Falling rupee may increase consumer woes
1 day, 7 hours ago

Falling rupee may increase consumer woes

New Indian Express  

NEW DELHI: The sharp fall in rupee vis-a-vis dollar over the past couple of months will have more of negative impacts and minimal gain on export front, as per experts. In recent years, a weaker rupee has not translated into major gains for Indian exports due to several structural and global factors, says Ajay Sahai, director general and CEO, Federation …

Why is the rupee weakening against the dollar? | Explained
1 week, 3 days 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
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%," …

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 …

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 …

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 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 …

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 …

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 hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts
1 month, 1 week ago

Rupee hits all-time low; TCS, Infosys, HCL Tech among stocks to benefit from weak currency, say experts

Live Mint  

The declining value of the rupee against the US dollar presents a mixed impact on various industries. As a result, the recent depreciation of the INR against the USD should offer these companies a competitive advantage and potentially higher margins, since a large share of their contracts are fulfilled through offshoring, explained Rakesh Vyas, Co-Chief Investment Officer and Portfolio Manager,Quest …

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 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 …

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 …

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 may depreciate 8-10 per cent during Trump 2.0, says SBI report
2 months 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 …

Rupee hits all-time low; check out four key factors leading to INR depreciation
2 months, 1 week ago

Rupee hits all-time low; check out four key factors leading to INR depreciation

Live Mint  

The rupee declined by 2 paise to reach a historic low of 84.13 against the US dollar during early trading on Tuesday, in anticipation of the US presidential election. The rupee ended at a historic low on Monday and began the day at a new low of 84.13 as US elections created turbulence in stock markets alongside ongoing foreign fund …

Rupee rises 10 paise to 83.53 against U.S. dollar in early trade
3 months, 3 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 settles flat at 83.98 against U.S. dollar
4 months ago

Rupee settles flat at 83.98 against U.S. dollar

The Hindu  

The rupee witnessed range-bound trade and settled for the day on a flat note at 83.98 against U.S. dollar on Wednesday as the support from the lower level of crude oil prices and soft US dollar was negated by a weak trend in domestic equities. Forex traders said significant corrections in asset classes like the dollar index and crude oil …

Rupee falls 2 paise to close at 83.97 against U.S. dollar
4 months ago

Rupee falls 2 paise to close at 83.97 against U.S. dollar

The Hindu  

The rupee traded in a narrow range on Tuesday and depreciated 2 paise to close at 83.97 against the American currency, weighed down by the strengthening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 83.95 against the American currency and finally settled at 83.97 against the U.S. dollar, down …

Rupee falls 7 paise to 83.92 against U.S. dollar
4 months, 1 week ago

Rupee falls 7 paise to 83.92 against U.S. dollar

The Hindu  

The rupee declined 7 paise to close at 83.92 against the greenback on Monday on disappointing domestic macroeconomic data. “Indian rupee depreciated by 7 paise on Monday on positive U.S. Dollar and disappointing macroeconomic data,” said Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas. India’s manufacturing sector growth moderated in August as output and sales rose at slowest rates …

Rupee settles 4 paise lower at 83.96 against U.S. dollar
5 months, 1 week ago

Rupee settles 4 paise lower at 83.96 against U.S. dollar

The Hindu  

The rupee consolidated in a narrow range and settled for the day lower by 4 paise at 83.96 against U.S. dollar on Wednesday, weighed down by a recovery in the U.S. dollar and geopolitical tensions in the Middle East. Forex traders said the Indian rupee depreciated on Wednesday on a strong U.S. dollar and positive crude oil prices. On Tuesday, …

Rupee falls 6 paise to settle at 83.39 against U.S. dollar
9 months, 2 weeks ago

Rupee falls 6 paise to settle at 83.39 against U.S. dollar

The Hindu  

The rupee depreciated 6 paise to settle at 83.39 against the U.S. dollar on March 28 due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets. However, a firm trend in domestic equity markets and recent foreign fund inflows supported the domestic currency, forex traders said. Anuj Choudhary, Research Analyst, Sharekhan by …

Rupee falls 4 paise to 83.12 against U.S. dollar in early trade
11 months ago

Rupee falls 4 paise to 83.12 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 4 paise to 83.12 against the U.S. dollar in early trade on Wednesday, tracking a negative trend in domestic equities. At the interbank foreign exchange, the rupee opened at 83.11 against the dollar and touched an early low of 83.12 and a high of 83.09 in initial trade. "The Indian rupee is expected to fall to 83.08 …

Rupee falls 4 paise to 83.02 against US dollar in early trade
11 months, 1 week 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
1 year 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 falls 3 paise to 85.78 against US dollar in early trade
1 year ago

Rupee falls 3 paise to 85.78 against US dollar in early trade

Live Mint  

Mumbai, The rupee depreciated 3 paise to 85.78 against the US dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 85.77 then fell further to 85.78 against the American currency, registering a decline of …

Rupee falls 2 paise to close at all-time low of 83.12 against U.S. dollar
1 year, 4 months ago

Rupee falls 2 paise to close at all-time low of 83.12 against U.S. dollar

The Hindu  

The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 against the U.S. dollar on Monday, weighed down by a surge in crude oil prices and selling pressure by foreign investors. On Friday, the rupee edged lower by 1 paisa to settle at an all-time low of 83.10 against the U.S. dollar, weighed …

Rupee falls 4 paise to close at 82.64 against U.S. dollar
1 year, 7 months ago

Rupee falls 4 paise to close at 82.64 against U.S. dollar

The Hindu  

The rupee depreciated 4 paise to close at 82.64 against the U.S. dollar on May 29, tracking a strong American currency against major rivals overseas. At the interbank foreign exchange market, the local unit opened strong at 82.57 against the U.S. dollar. The currency finally settled at 82.64 against the U.S. dollar, registering a fall of 4 paise over its …

Rupee falls 42 paise to 82.50 against US dollar in early trade
1 year, 11 months ago

Rupee falls 42 paise to 82.50 against US dollar in early trade

Hindustan Times  

The rupee depreciated 42 paise to 82.50 against the US dollar in early trade on Monday, weighed down by a strong American currency and a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened weak at 82.35 against the dollar, then fell to 82.50, registering a decline of 42 paise over its last close. The …

Rupee falls 41 paise to close at 81.93 against US dollar
1 year, 11 months ago

Rupee falls 41 paise to close at 81.93 against US dollar

Deccan Chronicle  

MUMBAI: The rupee depreciated by 41 paise to close at 81.93 against the US dollar on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of current account deficit. The Indian rupee may remain under depreciation pressure on account of plateauing of exports and subsequent widening …

Rupee falls 19 paise to close at 81.77 against US dollar
1 year, 11 months ago

Rupee falls 19 paise to close at 81.77 against US dollar

Deccan Chronicle  

MUMBAI: The rupee settled 19 paise lower at 81.77 against the US dollar on Tuesday, tracking a rebound in the greenback overseas and firm crude oil prices. Global oil benchmark Brent crude futures advanced 0.46 per cent to USD 84.85 per barrel. The 30-share BSE Sensex ended 562.75 points or 0.94 per cent higher at 60,655.72, while the broader NSE …

Outlook 2023: Here’s why rupee will depreciate against dollar in H1
2 years ago

Outlook 2023: Here’s why rupee will depreciate against dollar in H1

Live Mint  

Indian rupee emerged as Asia’s worst performing currency in 2022 depreciating around 11.5% against the US Dollar on strength in the greenback and capital outflows by foreign investors. We expect Rupee to depreciate against the US Dollar in H1 2023 as the global inflation and economic concerns continue to dent risk sentiments. Most global institutions such as the IMF and …

Indian rupee ends 2022 as worst-performing Asian currency
2 years 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 …

Rupee falls 37 paise to close at 81.63 against US dollar
2 years, 1 month ago

Rupee falls 37 paise to close at 81.63 against US dollar

Deccan Chronicle  

MUMBAI: The rupee depreciated by 37 paise to close at 81.63 against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US …

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 …

How rupee may move against dollar in November?
2 years, 2 months ago

How rupee may move against dollar in November?

Live Mint  

Indian currency ended the week on a flat note and stood around 82.44 against the dollar on Friday. On the weakening in the rupee, Sriram Iyer, Senior Research Analyst at Reliance Securities said that the primary reason for the depreciation is hawkish Fed has pushed the dollar to two-decade highs. For the rest of November, Reliance Securities expert believes the …

FM Nirmala Sitharaman Is Right: Rupee Hasn’t Weakened, Dollar Has Strengthened - News18
2 years, 2 months 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 …

A weaker rupee doesn’t guarantee export boost
2 years, 2 months ago

A weaker rupee doesn’t guarantee export boost

Live Mint  

For more than a month now, one US dollar has been exchanged for more than 80 Indian rupees. Would rupee depreciation help raise exports and provide a cushion for India’s economic growth during the global slowdown that is upon us? Second, export demand depends on sensitivity to buyers’ incomes, namely the income elasticity of exports. All else remaining the same, …

Higher rates, weaker rupee can restore India’s trade balance
2 years, 2 months ago

Higher rates, weaker rupee can restore India’s trade balance

Live Mint  

On the one hand, India’s foreign exchange reserves remain elevated at $533 billion—a respectable 8.6 months of goods import cover—even after a fall of about $100 billion since the start of the year. India’s current account deficit likely widened to about 5% of gross domestic product in the quarter ended September on the back of elevated oil imports and slowing …

Rupee volatility matters less than our broad policy aim
2 years, 2 months ago

Rupee volatility matters less than our broad policy aim

Live Mint  

Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to.”—Lewis Caroll, Alice in Wonderland The rupee has moved from a rate of ₹74.51 to the US dollar on 1 January 2022, to ₹82.27 at the time of writing this. This has led to concerns regarding …

Rupee volatility matters less than our broad policy aim
2 years, 2 months ago

Rupee volatility matters less than our broad policy aim

Live Mint  

Our currency has been less volatile this year than in 2021 and global trade integration calls for a freer float Would you tell me, please, which way I ought to go from here?" {{^adFree}} {{/adFree}} We compared the changes in volatility of the rupee vis-à-vis the dollar for the period January–October 2021 and 2022, drawing on Yahoo Finance data. The …

Rupee’s hitting record lows; Key reasons explained
2 years, 3 months ago

Rupee’s hitting record lows; Key reasons explained

Live Mint  

The Indian Rupee has been making headlines every day in recent weeks as it reaches new lows. On Tuesday, the Indian Rupee fell to a record low of 81.77 against the dollar Following the US Fed's rate hike last week, the rupee fell 2.25%. In 2013, the RBI sold a net of $14 billion in the June-to-September period after the …

Stop Rupee from scoring century, Congress says
2 years, 3 months ago

Stop Rupee from scoring century, Congress says

The Hindu  

​​ The Congress on Tuesday attacked the Centre over the depreciating value of the rupee against the dollar and said the only request to Prime Minister Narendra Modi is to stop the rupee from scoring a century. Addressing a press conference at the party headquarters here, Congress Spokesperson Supriya Shrinate said for the first time in history, the rupee is …

Currency pressure: The Hindu Editorial on the rupee’s depreciation against the dollar
2 years, 3 months ago

Currency pressure: The Hindu Editorial on the rupee’s depreciation against the dollar

The Hindu  

The rupee is yet again facing renewed pressure, along with major peers, as the dollar continues to strengthen in the wake of the Federal Reserve’s latest jumbo 75 basis points interest rate increase and the U.S. central bank’s unequivocal message that it remains squarely focused on taming inflation. The Indian currency weakened past the 81-mark against the dollar for the …

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 …

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