Indian Rupee slumps to all-time low of 77.42 against US dollar
2 years, 7 months ago

Indian Rupee slumps to all-time low of 77.42 against US dollar

Deccan Chronicle  

Mumbai: The rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and unabated foreign fund outflows. The Indian rupee opened weaker on Monday against the dollar as weakness in global equities on concerns over economic outlook and rising bond yields weighed on sentiments, said Sriram Iyer, Senior Research Analyst at Reliance Securities. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.35 per cent higher at 104.02, tracking rising US yields and fears about higher interest rates. On the domestic equity market front, the 30-share Sensex was trading 737 points or 1.34 per cent lower at 54,098.58 points, while the broader NSE Nifty declined 220.25 points or 1.34 per cent to 16,191.00 points.

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History of this topic

India’s forex reserves drop $2 bn to $653 bn in December; RBI estimates 11-months of import amid multi-month low
2 hours, 30 minutes ago

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

Live Mint  

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

Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade
13 hours, 57 minutes 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 …

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
1 day, 8 hours 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 …

Friday fall caps worst week on D-Street since June 2022
3 days, 23 hours 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 recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar
4 days, 7 hours ago

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

The Hindu  

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

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade
4 days, 12 hours ago

Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar in early trade

Deccan Chronicle  

Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. The Dollar Index is expected to remain elevated, with resistance near the 110 level in the near term amid a reduced likelihood of significant Fed rate cuts in 2025. On Thursday, the rupee depreciated …

Rupee hits all-time low against US dollar. Why is it under pressure?
4 days, 18 hours 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
5 days, 7 hours ago

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

The Hindu  

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

INR vs USD: Rupee hits record low, slips past 85 per dollar as US Fed signals lower rate cuts in 2025
5 days, 11 hours ago

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

Live Mint  

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

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
5 days, 13 hours 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
5 days, 18 hours 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 falls 3 paise to close at all-time low of 84.94 against U.S. dollar
6 days, 7 hours ago

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar

The Hindu  

The rupee dropped 3 paise to close at an all-time low of 84.94 against the U.S. dollar on Wednesday, as traders await cues from the US Fed on the interest rate front. The unit finally ended the session lower by 3 paise at an all-time low closing level of 84.94 against the dollar. On Tuesday, the rupee revisited its all-time …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
6 days, 8 hours 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 …

Rupee falls 1 paisa against US dollar in early trade
6 days, 13 hours ago

Rupee falls 1 paisa against US dollar in early trade

The Hindu  

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front. Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors' approach …

Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar
1 week ago

Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar

The Hindu  

The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 against the U.S. dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. A strong US dollar and FII outflows may further weigh on the rupee," said Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas. On the …

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision
1 week ago

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision

The Hindu  

Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the U.S. Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank. The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade. From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & …

Indian Rupee Decline: Rupee falls 1 paisa to all-time low of 84.92 against U.S. dollar
1 week 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
1 week 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 9 paise to all-time low of 84.89 against U.S. dollar
1 week, 1 day ago

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar

The Hindu  

The rupee depreciated by 9 paise to close at an all-time low level of 84.89 against the U.S. dollar on Monday, dragged down by a negative trend in domestic equities. Forex traders said the Indian rupee declined on weak domestic markets and rising U.S. bond yields. On Friday, the rupee rebounded from its all-time low level and settled with a …

Rupee falls 3 paise to 84.83 against U.S. dollar in early trade
Trending News
1 week, 1 day ago

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

The Hindu  

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

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

Stock market today: Trade setup for Nifty 50 to US dollar; 5 stocks to buy or sell on Monday — Dec 16
1 week, 1 day ago

Stock market today: Trade setup for Nifty 50 to US dollar; 5 stocks to buy or sell on Monday — Dec 16

Live Mint  

Stock market today: The Indian stock market closed with gains on Friday, December 13, as the markets witnessed a rebound. The Nifty 50 index closed 0.89 per cent higher at 24,768.30 points, compared to 24,548.70 points at the previous market close. The bias and sentiment improved at the end of the week.” “The index would have the important support zone …

Rupee recovers 10 paise to end at 84.78 against U.S. dollar
Trending News
1 week, 4 days ago

Rupee recovers 10 paise to end at 84.78 against U.S. dollar

The Hindu  

The rupee rebounded from its all-time low level and settled with a gain of 10 paise at 84.78 against the U.S. dollar on Friday, buoyed by a strong recovery in domestic equity markets and easing inflation data. The latest official data released on Thursday showed India’s retail inflation eased in November to 5.48% and came within the Reserve Bank’s comfort …

Inflows help rupee end higher on day but weekly losing streak persists
1 week, 4 days ago

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

Live Mint  

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

Rupee holds up in face of broad dollar rally thanks to central bank
1 week, 4 days 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 recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade
1 week, 4 days ago

Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade

The Hindu  

The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar in early trade on Friday on the back of favourable domestic inflation data. However, a strengthening American currency and volatile domestic equity markets amid foreign fund outflows capped the recovery in the local unit, forex traders said. The latest official …

Forex reserves fall by $3.23 billion; Rupee gains 10 paise
1 week, 4 days ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express  

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Rupee hits new low of 84.88 against USD
1 week, 4 days 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 fresh all-time low, settles 4 paise lower at 83.87 against dollar
1 week, 5 days ago

Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar

The Hindu  

The rupee depreciated by 4 paise to settle at an all-time low of 84.87 against the U.S. dollar on Thursday, dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices. The unit finally ended the session 4 paise down at a fresh all-time low closing level of 84.87 against the dollar. Rupee's previous …

Rupee hits record low, RBI intervention counters bearish tilt
1 week, 5 days 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 week, 5 days 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 week, 5 days 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 week, 6 days 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 …

Indian shares set to open flat on caution ahead of domestic, US inflation data
1 week, 6 days ago

Indian shares set to open flat on caution ahead of domestic, US inflation data

Live Mint  

Dec 11 - Indian shares are set to open little changed on Wednesday, as investors await key inflation data from the U.S. later in the day and the domestic inflation print on Thursday for cues into the rate trajectories of the two countries. "Caution ahead of the crucial inflation readings from both India and the U.S. this week is keeping …

Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar
2 weeks ago

Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar

The Hindu  

The rupee settled for the day on a flat note higher by just 1 paisa at 84.85 against the U.S. dollar on Tuesday, a tad above its all-time low level, as change of guard at the Reserve Bank of India raised expectations of a shift in the central bank's monetary policy. On Monday, the rupee saw its steepest fall in …

Indian shares set to open marginally higher
2 weeks ago

Indian shares set to open marginally higher

Live Mint  

- Indian shares are set to open marginally higher on Tuesday, with analysts expecting cautious sentiment ahead of key domestic and U.S. inflation data due later in the week, while focus would be on commodity stocks on expectations of Chinese stimulus. "Cautious sentiment prevails in the markets ahead of key economic data such as consumer price inflation readings from India …

Indian shares set to open marginally higher
2 weeks ago

Indian shares set to open marginally higher

Live Mint  

Dec 10 - Indian shares are set to open marginally higher on Tuesday, with analysts expecting cautious sentiment ahead of key domestic and U.S. inflation data due later in the week, while focus would be on commodity stocks on expectations of Chinese stimulus. "Cautious sentiment prevails in the markets ahead of key economic data such as consumer price inflation readings …

Rupee drops 8 paise to close at 84.74 against U.S. dollar
2 weeks, 1 day ago

Rupee drops 8 paise to close at 84.74 against U.S. dollar

The Hindu  

The rupee depreciated 8 paise to close at 84.74 against the U.S. dollar on Monday, dragged down by fresh foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks. The Reserve Bank of India on Friday kept its key interest rate …

Rupee ends marginally lower, near-term bearish bias tipped to persist
2 weeks, 1 day ago

Rupee ends marginally lower, near-term bearish bias tipped to persist

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 9 - The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. While U.S. labour market data released on Friday drove U.S. bond yields lower on heightened expectations of a Federal …

Rupee falls 7 paise to 84.73 against US dollar in early trade
2 weeks, 1 day ago

Rupee falls 7 paise to 84.73 against US dollar in early trade

The Hindu  

The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous …

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar
2 weeks, 5 days ago

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against US dollar

Live Mint  

Mumbai, The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 against the US dollar in a range-bound trade on Thursday, amid a positive trend in domestic equities. Forex traders said the Indian rupee recovered slightly on strength in the domestic markets and overnight decline in crude oil prices. …

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. …

India rupee may stay under pressure, bonds to follow cenbank policy decision
3 weeks, 1 day ago

India rupee may stay under pressure, bonds to follow cenbank policy decision

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 2 - The Indian rupee is likely to remain pressured this week amid persistent portfolio outflows, and take cues from the central bank's monetary policy decision and U.S. labor market data, which will also be key for government bond yields. The Reserve Bank of India's policy decision on Friday will be in …

Rupee falls 2 paise to 84.49 against U.S. dollar in early trade
3 weeks, 4 days 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 eyes breathing room as dollar softens, US bond yields dip
3 weeks, 5 days ago

Rupee eyes breathing room as dollar softens, US bond yields dip

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 28 - The Indian rupee is expected to open flat to slightly higher on Thursday, supported by a pullback in the U.S. dollar index due to a dip in U.S. bond yields. The rupee is expected to see mostly rangebound trading, pressured by portfolio outflows on the one side and stern central bank defence of …

Rupee rises 7 paise to 84.22 against US dollar in early trade
4 weeks ago

Rupee rises 7 paise to 84.22 against US dollar in early trade

Deccan Chronicle  

Rupee appreciated 7 paise to 84.22 against the US dollar in morning trade on Tuesday, on a sharp rebound in domestic equities amid improved investor risk appetite.Forex traders said the MSCI equity index rebalancing significantly boosted sentiment for Indian equity markets as foreign institutional investors broke a 40-session streak of net selling by purchasing Rs 9,947 crores on Monday, lending …

India rupee to gauge portfolio flows, bond yields to eye US peers
4 weeks, 1 day ago

India rupee to gauge portfolio flows, bond yields to eye US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 25 - The Indian rupee will track portfolio flows this week as a global equity index rejig comes into effect, amid foreign portfolio outflows from local stocks and bonds, while government bond yields will track U.S. Treasuries. U.S. personal consumption expenditure data, due Wednesday, will also be in focus this week to …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint  

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

Dollar rebound and persistent outflows to keep rupee under pressure
1 month ago

Dollar rebound and persistent outflows to keep rupee under pressure

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 22 - The Indian rupee is expected to stay on the back foot on Friday, pressured by a rebound in the dollar amid uncertainty about the pace of rate cuts in the United States, while persistent portfolio outflows also remain a worry for the local currency. Recent comments from some U.S. Federal Reserve officials have …

Strong US dollar, domestic sell-off push rupee to all time low of 84.50
1 month ago

Strong US dollar, domestic sell-off push rupee to all time low of 84.50

Hindustan Times  

Indian rupee depreciated eight paise on Thursday to settle at an all-time low of 84.50 against the US dollar. 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. However, interventions by the Reserve Bank of India, supported by India's healthy foreign exchange reserves, should …

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