Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade
1 month, 2 weeks ago

Rupee plunges 45 paise to hit record low of 87.95 against U.S. dollar in early trade

The Hindu  

The rupee depreciated 45 paise to hit a record low of 87.95 against the U.S. dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities. Rupee was expected to open weaker after RBI cut rates on Friday by 25 bps and was expected to cut another 25 bps in April to promote growth as inflation seemed to be showing a downward trend as per the Reserve Bank, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Reserve Bank Governor Sanjay Malhotra on Saturday said that the market forces decide the value of rupee with respect to the U.S. dollar and the central bank is not worried about day-to-day movement of the currency value. Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree and importers scrambled to secure dollars, as they feared further depreciation amidst global uncertainty.

History of this topic

Rupee hits two-month high of 85.93 against US dollar on fresh inflows, logs biggest weekly gain in over two years
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3 days, 7 hours ago
Indian bonds rally on demand boost; 10-year yield’s weekly fall most in 4 months
3 days, 8 hours ago
Rupee to withstand recovery in dollar index, hold on to weekly advance
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3 days, 16 hours ago
Rupee rises 1 paisa to close at 86.36 against U.S. dollar
4 days, 8 hours ago
Rupee rises 12 paise to 86.25 against U.S. dollar in early trade
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4 days, 14 hours ago
Rupee rises 12 paise to settle at 86.44 against U.S. dollar
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5 days, 9 hours ago
Rupee falls 10 paise to 86.66 against U.S. dollar in early trade
5 days, 14 hours ago
Rupee settles 26 paise higher at 86.55 against U.S. dollar
Trending News
6 days, 8 hours ago
Rupee rises 10 paise to 86.71 against U.S. dollar in early trade
6 days, 14 hours ago
Rupee jumps 24 paise to close at 86.81 against U.S. dollar
1 week ago
Rupee jumps 24 paise to close at 86.81 against US dollar
1 week ago
Rupee rises 25 paise to 86.80 against U.S. dollar in early trade
1 week ago
Rupee touches three-week high aided by foreign banks’ dollar offers
1 week ago
Forex kitty jumps sharpest in two years
1 week, 2 days ago
India’s forex reserves hit $654 billion to record biggest weekly gain in 3 years driven by RBI’s liquidity boost
1 week, 3 days ago
Rupee surges 22 paise to settle at 87 against U.S. dollar
1 week, 4 days ago
Rupee gains 1 paisa to 87.30 against U.S. dollar in early trade
1 week, 6 days ago
Indian bond yields track US peers lower, state debt sale in focus
1 week, 6 days ago
Rupee sinks 38 paise to 87.33 against U.S. dollar; logs worst single-day fall in a month
2 weeks ago
Govt wants rupee stability; RBI may again aggressively defend the currency
2 weeks ago
Rupee falls 6 paise to settle at 87.12 against U.S. dollar
2 weeks, 4 days ago
Rupee falls 5 paise to 87.11 against US dollar in early trade
2 weeks, 4 days ago
Rupee settles 19 paise higher at 87.00 against U.S. dollar
2 weeks, 5 days ago
Rupee rises 9 paise to 87.10 against US dollar in early trade
2 weeks, 5 days ago
Rupee settles 2 paise higher at 87.30 against U.S. dollar
2 weeks, 6 days ago
Rupee falls 8 paise to 87.40 against U.S. dollar in early trade
2 weeks, 6 days ago
Rupee settles 3 paise higher at 87.34 against U.S. dollar
3 weeks ago
Rupee rises 9 paise to 87.28 against U.S. dollar in early trade
3 weeks ago
India’s forex reserves jump by $4.758 billion to hit two-month high of $640.479 billion: RBI
3 weeks, 3 days ago
Rupee falls 19 paise to 87.37 against U.S. dollar in early trade
3 weeks, 3 days ago
Rupee falls 22 paise to 87.41 against U.S. dollar in early trade
3 weeks, 4 days ago
Rupee logs biggest single-day drop in 3 weeks: Is the domestic currency poised for further weakness? Experts weigh in
3 weeks, 6 days ago
Rupee Falls 51 Paise to 87.23, Worst Drop in 3 Weeks
3 weeks, 6 days ago
Rupee plummets 51 paise to end at 87.23 against U.S. dollar
3 weeks, 6 days ago
Rupee falls 16 paise to 86.88 against US dollar in early trade
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3 weeks, 6 days ago
Rupee plunges 51 paise to end at 87.23, worst in 3 weeks
3 weeks, 6 days ago
Rupee rises 1 paisa to 86.67 against U.S. dollar in early trade
1 month ago
India forex reserves snap three-week gains; decline USD 2.5 billion in latest week
1 month ago
India’s forex reserves snap three-week gaining streak, drop by $2.54 billion to $635.721 billion
1 month ago
Rupee falls 7 paise to close at 86.71 against U.S. dollar
1 month ago
Rupee rises 14 paise to 86.50 against U.S. dollar in early trade
1 month ago
Rupee Rises 33 Paise on Strong Dollar Inflows
1 month ago
Rupee rises 33 paise to close at 86.65 against U.S. dollar
1 month ago
Weak rupee could pave the way for a long-awaited IT recovery
1 month ago
Rupee rises 19 paise to 86.79 in early trade
1 month ago
Rupee rises 19 paise to 86.79 against US dollar in early trade
Trending News
1 month ago
Rupee falls 8 paise to close at 86.96 against U.S. dollar
1 month ago
Rupee falls 8 paise to close at 86.96 against US dollar
1 month ago
Rupee falls 16 paise to close at 86.87 against U.S. dollar
1 month, 1 week ago
Rupee trades in narrow range against U.S. dollar in early trade
1 month, 1 week ago

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