Rupee falls to an all-time low as Donald Trump win pressures Asian currencies
1 month, 1 week ago

Rupee falls to an all-time low as Donald Trump win pressures Asian currencies

Hindustan Times  

The rupee weakened to a record low on Monday, November 11, 2024 after worries regarding Donald Trump's victory in the US presidential elections pressured Asian currencies and also triggered outflows from the Indian stock market, according to a Reuters report. However, a Bloomberg report said that the RBI was ready to let the rupee weaken in tandem with the Chinese yuan because of Donald Trump’s win creating fears of higher US tariffs. Asian currencies were however, mostly 0.1% to 0.4% weaker while the dollar index didn't change too much at 105, being close to a four-month high seen last week because of Trump's win, according to the Reuters report. Also Read: Nestle, PepsiCo sell substandard products in low-income countries like India, claims report

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History of this topic

Rupee slips to all-time low pressured by weak yuan, importer dollar bids
16 hours, 32 minutes ago

Rupee slips to all-time low pressured by weak yuan, importer dollar bids

Live Mint  

By Jaspreet Kalra MUMBAI - The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline. The rupee declined to 85.12 against the U.S. dollar, hitting an all-time for the fifth consecutive trading session …

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low
Trending News
2 days, 19 hours ago

India's Forex Reserves Drop By $1.9 Billion, Hit Near 6-Month Low

ABP News  

India's foreign exchange reserves decreased by $1.9 billion to $653 billion in the week ending December 13, marking a six-month low, according to the latest data from the Reserve Bank of India. India's foreign exchange reserves had reached a record high of $705 billion in the week ending September 27. However, reserves have declined by $52 billion in the current …

Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
5 days, 16 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 hits lifetime low before RBI intervened to stop further decline
1 week, 4 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'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’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 …

Rupee nearly flat; cenbank intervention supports as equities stay tepid
1 month ago

Rupee nearly flat; cenbank intervention supports as equities stay tepid

Live Mint  

By Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. A surge in the dollar, elevated U.S. bond yields and sustained foreign portfolio outflows have …

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

Data dive: Should RBI let the rupee fall?

Live Mint  

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

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak
1 month, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint  

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

Forex reserves dip for fifth week to over two-month low, rupee slides to record low
1 month, 2 weeks ago

Forex reserves dip for fifth week to over two-month low, rupee slides to record low

New Indian Express  

MUMBAI: The foreign exchange reserves continued to fall for the fifth consecutive week to an over two-month low of $682.13 billion for the week ending November 1, dropping by $2.7 billion as the central bank continued to defend the unit which has been under continuous assault by the dollar. Since the peak it climbed in the week to September 27, …

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

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

India TV News  

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

Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus
1 month, 2 weeks ago

Indian rupee touches all-time low due to equity outflows from domestic market; US elections in focus

Live Mint  

The Indian rupee reached an all-time low on Monday, November 4, as the continuous outflow from local stocks eased the impact of a weaker dollar. The news agency Reuters reported that it also helped lift the dollar's regional peers ahead of the U.S. presidential elections. According to the report, the Indian rupee closed at 84.1150 against the U.S. dollar after …

Rupee sees range-bound trade against U.S. dollar in morning deals
5 months, 4 weeks ago

Rupee sees range-bound trade against U.S. dollar in morning deals

The Hindu  

The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. "Price action on Friday seemed to indicate purposeful intervention by the central bank," IFA Global said in a research note, adding that the rupee is likely to trade in 83.40-83.67 range with sideways price action. "Indian rupee …

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion
6 months ago

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion

News 18  

After hitting all-time high levels following continuous gains, India’s foreign exchange reserves fell $2.922 billion to $652.895 billion during the week ended June 14, according to the latest data from the Reserve Bank of India. This decline follows a significant increase of $4.307 billion in the previous reporting week, which pushed the reserves to a record high of $655.817 billion …

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI
6 months ago

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI

India TV News  

In its latest report, the Reserve Bank of India said that India's foreign exchange reserves witnessed a decline of USD 2.922 billion to reach USD 652.895 billion as of June 14. Specifically, foreign currency assets, a pivotal component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion during the same period, as indicated by the data released …

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

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

Live Mint  

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

Rupee’s hitting record lows; Key reasons explained
2 years, 2 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 …

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

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

India Today  

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

Rupee hits record low of 79.04 against US dollar
2 years, 5 months ago

Rupee hits record low of 79.04 against US dollar

India Today  

The rupee hit a record low against the US dollar in early trade on Tuesday amid concerns of a widening trade deficit and a sell off of assets by foreign investors. India is trying to "address volatility" in the rupee that has tumbled to record lows against the dollar in recent weeks, a government official said on Monday, as per …

Explainer | The free fall of the rupee
2 years, 5 months ago

Explainer | The free fall of the rupee

The Hindu  

The story so far: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar on Wednesday. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the …

Rupee falls to all time low of ₹77.93 against U.S. dollar
2 years, 6 months ago

Rupee falls to all time low of ₹77.93 against U.S. dollar

The Hindu  

The Indian rupee on Friday hit a record low against the U.S. dollar following flight of capital on account of Foreign Portfolio Investors pulling out of the equity market and likely outflow of dollar to pay for rising oil prices. At the inter-bank exchange, the Indian Rupee dipped 19 paise to 77.93 against the dollar compared with its previous close …

Explained | Why is there a fall in India’s foreign exchange reserves?
2 years, 7 months ago

Explained | Why is there a fall in India’s foreign exchange reserves?

The Hindu  

The story so far: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 77 rupees to a dollar mark and selling at 77.63 against the dollar on Thursday. So, for instance, when there is great enthusiasm among foreign investors to invest in India, it can lead to an increase in the supply of …

Data | Hitting record lows: What is driving the rupee’s fall?
2 years, 7 months ago

Data | Hitting record lows: What is driving the rupee’s fall?

The Hindu  

On Monday, the Indian rupee slumped to an all-time low of 77.36 against the U.S. dollar. India’s foreign reserves have also been dented due to the central bank’s intervention in the spot market to prop up the Indian unit. Click to remove AMP mode Intense selling The rupee’s fall has been accentuated by an exodus of foreign portfolio investors from …

Rupee hits record low against US dollar, 2nd time this week
2 years, 7 months ago

Rupee hits record low against US dollar, 2nd time this week

India Today  

The Indian rupee plunged to a record low for a second time this week at 77.55 against the US dollar in early trade on Thursday. The rupee slumped 30 paise to 77.55 against the US dollar in opening trade as a lacklustre trend in the domestic equity markets and a firm American currency weighed on investor sentiment. At the interbank …

India Forex Reserves Drop Below USD 600 Billion After 8 Weeks of Decline
2 years, 7 months ago

India Forex Reserves Drop Below USD 600 Billion After 8 Weeks of Decline

The Quint  

A variety of global factors have played a role in the decline of India's forex reserves, including the Russian invasion of Ukraine. Since 24 February, Indian forex reserves lost USD 34 billion or about 5.4 percent, according to NDTV. Global supply chain issues and increases in commodity prices, including those caused by the war in Ukraine, have caused serious inflation …

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