Tue, Aug 23, 2022
Moreover, worries about inflation could also keep the local unit under pressure. However, the presence of the Reserve Bank of India (RBI) could cap losses in the domestic unit.
Tue, Feb 18, 2020
Indian rupee depreciates by 10 paise to 71.42 against US dollar at the interforex market, the global oil benchmark fell 1.13 per cent to USD 57.02 per barrel.
Thu, Feb 07, 2019
Forex traders said positive opening in domestic equities, fresh foreign fund inflows and easing crude prices, however, capped the losses for the domestic unit.
Wed, Jan 30, 2019
At the Interbank Foreign Exchange, the rupee opened on a weak note at 71.34 then fell further to 71.36 against the US dollar, showing a decline of 25 paise over its previous closing.
Mon, Jan 21, 2019
Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.
Tue, Dec 04, 2018
The rupee depreciated by 9 paise to 70.55 against the US dollar in early trade Tuesday at the interbank foreign exchange, amid strengthening of the US dollar and rising crude oil prices.
Mon, Oct 01, 2018
"The US accounted for about a good chunk of 16 per cent of India's total merchandise exports of USD 303 billion in the fiscal 2017-18 with the annual growth of 13.42 per cent, the report said.
Tue, Sep 04, 2018
"The rupee has now depreciated by 6.2 per cent since June 2018 when RBI started hiking rates. Even as the decline is in consonance with strengthening of the dollar, we believe it may continue further," the report said.
"Currency volatility, however, is likely to have only a limited impact on their (India and Indonesia) sovereign profiles. India's sovereign credit profile, for example, benefits from relatively strong external finances, especially a low level of external and foreign-currency debt," Fitch said in a statement.
Fri, Aug 31, 2018
Forex dealers reportedly said that besides robust month-end demand for the US currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency.
Mon, Aug 27, 2018
On August 16, the domestic currency had tumbled to a historic intra-day low of 70.40 before closing at a life-time low of 70.15 per dollar. The rupee has been hit by a range of factors including swelling current account deficit, surging global crude prices and lukewarm export growth. Besides, US trade protectionism has also contributed to excess volatility in the forex market.
Fri, Aug 24, 2018
The rupee today staged a good recovery to end higher by 20 paise at 69.91 against the US currency on bouts of dollar selling by exporters and corporates. "Well just to be fair, the Indian authorities have brought down the fiscal deficit. What has expanded is the current account deficit. A lot of it driven by higher oil prices," he said. "The rupee has not depreciated to too worrying levels, its sort dollar strength around the world," Rajan told a TV channel.
Thu, Aug 23, 2018
Global rating agency Fitch, however, has said the continuing rupee plunge does not pose much risks to India's sovereign rating, as the fall is largely reflective of the shifts in market sentiment towards emerging markets after global monetary tightening.
Thu, Aug 16, 2018
Former RBI governor, while speaking to a news channel, said since the rupee had been strengthening for quite some time and inflation, despite being modest, remained above world rates, the domestic currency needed a modest weakening.
The Indian currency on Tuesday crashed to a life-time low of 70.09 on concerns over Turkey's economic woes that have impacted various emerging markets, even as the US dollar gained strength against other currencies.
The domestic currency has also been hit by a sharp surge in trade deficit, which soared to a near five-year high of USD 18 billion, according to the commerce ministry data released on Tuesday showed.
Thu, Jun 08, 2017
Tue, Mar 28, 2017
As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.
Tue, Jan 24, 2017
In a report, India Ratings said that depreciation of rupee remains a significant risk for corporate balance sheets, although it may not derail the economic recovery, it could impact their credit profile.
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