Rupee vs Dollar: What is to be expected in coming months?
2 years, 6 months ago

Rupee vs Dollar: What is to be expected in coming months?

India Today  

The rupee has shed about six per cent of its value against the dollar since the beginning of this year and the worrying trend has become much more prominent in recent weeks. However, the question remains whether these moves will offer much needed immediate support to the floundering rupee as inflation pushes higher and the current account deficit threatens to balloon towards multi-year highs or not. RUPEE'S OUTLOOK The rupee is likely to trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll. Even as the RBI's intermittent dollar selling helped limit losses, higher global crude oil prices and steady capital outflows have widened its current account deficit, which in turn, has dragged down the rupee, as per a Reuters report. IMPACT While India remains the fastest-growing major economy, a weaker rupee, stubbornly high inflation, elevated oil prices and the ongoing Russia-Ukraine conflict pose the biggest downside risks.

India Trade Deficit Rbi Reuters Rupee Dollar Deficit Worrying Trade Deficit Worrying  account  rupee  expected  dollar  billion  months  foreign  oil  trade  deficit  worrying  vs  current  coming

History of this topic

Budget could levy higher import duties to contain dollar demand, stem rupee slide: EY’s Srivastava
7 hours, 58 minutes ago

Budget could levy higher import duties to contain dollar demand, stem rupee slide: EY’s Srivastava

Live Mint  

New Delhi, Jan 15 The government, in the forthcoming Budget, could consider levying higher tariffs on imports to check the significant decline in rupee value witnessed in the past few months, said EY Chief Policy Advisor DK Srivastava. The noted economist argued that higher import duties would curb the demand for dollars from importers and help arrest the sliding value …

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%," …

Slight reprieve for rupee likely as Asian peers recover
Trending News
1 week, 6 days ago

Slight reprieve for rupee likely as Asian peers recover

Live Mint  

By Nimesh Vora MUMBAI - The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the currency near levels at which the central bank had intervened aggressively. The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly higher from its close of 85.6450 per U.S. dollar in the previous session. …

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 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 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'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 nearly flat; cenbank intervention supports as equities stay tepid
1 month, 4 weeks 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 …

Hedging by Indian exporters picks up on bets rupee bottoming out
2 years ago

Hedging by Indian exporters picks up on bets rupee bottoming out

Live Mint  

Dollar sales by Indian exporters to cover future foreign currency receivables have recovered from a dip in October, on expectations that the rupee has likely bottomed out. "Clearly, relative to October, there is more willingness from exporters to cover," said Dipti Chitale, senior vice president - risk management advisory, at Mecklai Financial. Exporters are seeing that the rupee is managing …

Rupee Appreciated 3.2 Per Cent As Several Major Currencies Depreciated Shaktikanta Das
2 years, 1 month ago

Rupee Appreciated 3.2 Per Cent As Several Major Currencies Depreciated Shaktikanta Das

ABP News  

The rupee has appreciated by 3.2 per cent during April-October in real terms, even as several major currencies have depreciated, said Reserve Bank of India Governor Shaktikanta Das in his monetary policy address on Wednesday. Das said, “The appreciation of the US dollar this year, which precipitated large-scale depreciation of all major global currencies including the Indian rupee, has drawn …

Policy cues from a depreciating rupee
2 years, 4 months ago

Policy cues from a depreciating rupee

Live Mint  

The Indian exchange rate regime underwent a big change in the early 1990s. As RIL aims big, investors have eye on risk What vehicle loans tell us about cars Indians want Bollywood box-office duds worry PVR, Inox Adani only one among the 10 richest to see net worth rise In the absence of capital flows, the exchange rate is largely …

India’s record trade deficit adds to external balance challenges, rupee woes
2 years, 5 months ago

India’s record trade deficit adds to external balance challenges, rupee woes

Live Mint  

India's record high trade deficit in July signals a further deterioration in the country's external balances, which is likely to keep the rupee under pressure, analysts said on Wednesday. Trade deficit in Asia's third largest economy widened to an all-time high of $31 billion, data on Tuesday showed, prompting concerns about the country's ability to fund its current account deficit …

Rupee holding up well relative to emerging market peers, advanced economies: RBI Governor Shaktikanta Das
2 years, 5 months ago

Rupee holding up well relative to emerging market peers, advanced economies: RBI Governor Shaktikanta Das

Firstpost  

Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India has zero tolerance for volatile and bumpy movement in the rupee Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies. Days after …

Rupee falls to lifetime low of 79.58 against US dollar
2 years, 6 months ago

Rupee falls to lifetime low of 79.58 against US dollar

India Today  

The rupee fell to a lifetime low of 79.58 against the US dollar in early trade on Tuesday as continued foreign portfolio outflows from domestic stockmarkets and a broadly stronger greenback weighed on the currency despite intermittent dollar selling intervention. On the interbank forex market on Tuesday, the rupee opened 13 paise lower at 79.58 against the US dollar. The …

Rupee falls 7 paise to 79.33 against US dollar
2 years, 6 months ago

Rupee falls 7 paise to 79.33 against US dollar

India Today  

The rupee fell to 79.33 against the US dollar in early trade on Monday even as the Reserve Bank of India has announced measures to liberalise foreign exchange inflows. The rupee has shed around six per cent of its value against the US dollar since the beginning of this year. Amid high inflation and the current account deficit, the rupee …

Data | Making sense of Rupee’s record slump to 79 per dollar
2 years, 6 months ago

Data | Making sense of Rupee’s record slump to 79 per dollar

The Hindu  

On July 1, the rupee breached the 79 per dollar mark for the first time ever. In order to smoothen the rupee’s fall and curb excess volatility, the Reserve Bank of India has been selling dollars in the forex markets from its reserves from time to time. Chart 3 | Foreign exchange reserves Besides the FPI outflows, a widening trade …

Indian rupee hits record low on CAD concerns
2 years, 6 months ago

Indian rupee hits record low on CAD concerns

The Hindu  

The Indian rupee hit a record low against the U.S. dollar on Tuesday as concerns of a wider current account deficit came to the forefront after the country's trade deficit hit an all-time high in June. Data late on Monday showed India's June trade deficit widened to a record high of $25.63 billion, following a rise in crude oil and …

Rupee hits record low of 79.04 against US dollar
2 years, 6 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 …

Rupee down 5% against US dollar from July highs. It may fall further
5 years, 1 month ago

Rupee down 5% against US dollar from July highs. It may fall further

Live Mint  

India’s rupee is the only emerging Asian currency to weaken this quarter and its losses may gather pace as a report this week is forecast to show economic growth slid to a six-year low. The poor growth conditions may lead to lower capital flows and hence could be a significant negative for the currency.” India’s gross domestic product probably slowed …

RBI to remain watchful on growth, financial stability; GDP will reach 7.2% in current fiscal: Shaktikanta Das
5 years, 9 months ago

RBI to remain watchful on growth, financial stability; GDP will reach 7.2% in current fiscal: Shaktikanta Das

Firstpost  

Inflation has remained below target, averaging 3.6 percent for the period under the inflation targeting framework so far, RBI governor said Mumbai: The Reserve Bank of India will remain vigilant and strive to revive growth in Asia’s third-largest economy, as well as pushing to maintain macroeconomic, financial and price stability, its governor said in a speech on Friday. But RBI …

Rupee just went from Asia’s worst to best currency
5 years, 9 months ago

Rupee just went from Asia’s worst to best currency

Live Mint  

Mumbai: Asia’s worst-performing currency took five weeks to become its best. “The high-yielding rupee will likely advance further if Modi wins a second term,” said Gao Qi, a currency strategist at Scotiabank in Singapore, who expects the currency to rally to 67 per dollar by June-end. Gaining Allure Borrowing in dollars to purchase rupee assets has earned 3.8 percent over …

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report
5 years, 11 months ago

Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report

Firstpost  

According to Karvy, this is expected to be a “mixed year” for the commodities and currencies market and the rupee may depreciate further New Delhi: The rupee may depreciate to 78 per US dollar this year, largely owing to widening fiscal and current account deficits, which are the biggest pain points for the domestic currency. According to Karvy’s Annual Commodity …

What’s in store for the rupee in the new year?
6 years ago

What’s in store for the rupee in the new year?

Live Mint  

What is the outlook on the rupee this year? “Attractive real yields, growth momentum and robust FX reserves of $394 billion and dollar stabilization” are likely to be positive for the rupee, while “lower global growth and trade will eventually impact the US economy and asset markets, causing the US Federal Reserve to slow the pace of rate hikes”, the …

Rupee hits fresh 3-month high against US dollar
6 years, 1 month ago

Rupee hits fresh 3-month high against US dollar

Live Mint  

Mumbai: The Indian rupee strengthened further on Friday to hit a fresh three-month high against the US dollar, tracking gains in its Asian peers on expectations of slower pace of interest rate hikes by the US Federal Reserve next year. t“The dovish comments by the US Fed fuelled a rally across EM assets and the Rupee too appreciated”, said Edelweiss …

Rupee at 74 to a dollar is still better than its peers, says Urjit Patel
6 years, 3 months ago

Rupee at 74 to a dollar is still better than its peers, says Urjit Patel

The Hindu  

On the day the rupee breached the 74-mark against the US dollar for the first time, RBI governor Urjit Patel on Friday reiterated that the domestic currency is still better than its emerging market peers and that the apex bank does not have a target for it. Admitting that the country has not been immune to global spillovers from external …

Curb on imports soon to bring rupee to 68-70 level, says DEA secretary; terms 12% slide in currency 'temporary phenomenon'
6 years, 3 months ago

Curb on imports soon to bring rupee to 68-70 level, says DEA secretary; terms 12% slide in currency 'temporary phenomenon'

Firstpost  

The fall in rupee has shot up oil import bill for the world’s fastest-growing oil user by 76 percent to $10.2 billion in July. New Delhi: The government will “very soon” implement the second set of measures including a curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash …

Rupee hits new all-time low of 70.32 on strong dollar demand; spike in trade deficit to five-year high
6 years, 4 months ago

Rupee hits new all-time low of 70.32 on strong dollar demand; spike in trade deficit to five-year high

Firstpost  

Forex dealers said besides strong demand for the dollar from importers, capital outflows mainly weighed on the rupee Mumbai: The rupee today slumped 43 paise against the dollar to trade at a lifetime low of 70.32 on strong demand for the US currency. At the Interbank Foreign Exchange, the local currency opened at a record low of 70.25 a dollar, …

Weakening of rupee not a cause of worry, says NITI Aayog vice-chairman Rajiv Kumar
6 years, 6 months ago

Weakening of rupee not a cause of worry, says NITI Aayog vice-chairman Rajiv Kumar

Firstpost  

The rupee is hovering around a low of 69 per dollar due to multiple headwinds, including concerns over inflation and weak global cues New Delhi: NITI Aayog vice-chairman Rajiv Kumar on Tuesday said weakening of rupee is not a cause of worry as it is still overvalued in terms of Real Effective Exchange Rate. The rupee is hovering around a …

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