Indian rupee depreciation
Indian rupee recovers 22 points to close at 72.67 against US dollar on easing crude prices, positive macroeconomic data
Tue, Nov 13, 2018
At the Interbank forex market, the domestic unit opened with strength at 72.81 and advanced to a high of 72.51 in day trade. Rupee finally settled at 72.67, showing a gain of 22 paise or 0.30 per cent over the last close.
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Massive! Foreign investors pull Rs 35,600 crore from Indian Capital markets, break September record
Sun, Oct 28, 2018
FPIs have been net sellers almost throughout this year barring a couple of months such as January, March, July and August. In these four months, overseas investors have put funds totalling over Rs 32,000 crore. However, experts believe in withdrawal of funds in October has shaken the market.
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Indian rupee ends at fresh lifetime low of 74.39 against US dollar
Tue, Oct 09, 2018
Global brokerage firm Nomura, in a research note, said, "The balance of payments (BoP) turning negative has led to a sharp depreciation in rupee in the past two months. With steep depreciation over the past two months, rupee is now the worst performing currency against the USD in Asia so far this year, down 13.4 per cent."
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From Income Tax Return deadline, Arun Jaitley, Sensex, rupee to Flipkart hiring, check out latest business news
Tue, Oct 09, 2018
Amid rising oil prices and depreciation of Indian rupee affecting Indian economy, Finance Minister Arun Jaitley has met RBI Deputy Governor BP Kanungo to discuss RBI's data localisation norm for global financial technology companies, while Oil Minister Dharmendra Pradhan has stated that there was
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Indian rupee vs Pakistan's rupee: Check out the regional currency turmoil
Wed, Oct 03, 2018
The Indian rupee closed at a record low of 73.34, down by 43 paise or 0.59 per cent at the interbank foreign exchange here. In the day trade, the rupee crashed to its all-time low of 73.42 per dollar as crude oil prices breached the USD 85 per barrel mark, leading to huge outflows of cash.
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Your rupee is worth even less today! Unbelievable, Rs 74 mark on horizon
Wed, Oct 03, 2018
Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,842 crore on Monday, according to the provisional data. Investors remained concerned over sustained foreign capital outflows and rising crude oil prices crossing the USD 85 per barrel.
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When will rupee relief come? Ominous start today
Tue, Sep 25, 2018
Traders said besides sustained demand of the US currency from importers and dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, a lower opening in the domestic equity markets too weighed on the domestic unit.
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Big setback for India over Moody's report today
Mon, Sep 24, 2018
At current levels, India's current-account deficit (CAD) is still much narrower than the near 5 per cent of GDP posted during the ?taper tantrum? period in 2013, when the currency depreciated by nearly 20 per cent between May and August.
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Good start for Indian rupee today, rebounds 28p, saves itself from hitting 73 mark
Wed, Sep 19, 2018
A higher opening in the equity market is also stated to have supported the recovery of Indian rupee. The domestic unit on Tuesday slid further by 47 paise to settle at a record low of 72.98 after scaling an all-time low of 72.99 (intra-day) against the US currency. This was reportedly in the wake of surging crude oil prices and escalating trade war worries.
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Government moves to arrest rupee depreciation to have limited impact: Report
Sun, Sep 16, 2018
The measures include permitting manufacturing sector entities to avail ECBs up to USD 50 million with a minimum maturity of one year versus the earlier period of three years, removing caps on single group exposure for foreign investors, exemption from withholding tax for issuance of masala bond issues and removing restrictions on Indian banks' market making in masala bonds.
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Can allow rupee to depreciate, see no inflation constraints, says Sanjeev Sanyal
Fri, Sep 14, 2018
On the factors affecting the rupee's value against dollar as well as reacting to all the talk of expectations of a RBI key rate hike in the upcoming meet, he said, "Don't need rate hike to control Rupee fall; no such thing as fair value of rupee. Competitors have allowed their currency to depreciate amid Trade War."
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Surprise! Rupee strengthens again today, rises to 71.68 against US dollar in opening trade
Fri, Sep 14, 2018
Earlier on Wednesday, the domestic unit ended the session on a positive note at 72.19 per US dollar, from its record low of 72.91 it touched during the day’s trade. The rupee had ended at 72.69 on Tuesday. The forex market was closed yesterday on account of Ganesh Chaturthi.
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Your rupee is worth even less today, may hit 73 mark; no relief for common man
Wed, Sep 12, 2018
The rupee today depreciated to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market, quoting 22 paise lower against the American currency in morning trade amid surging crude oil prices and unabated foreign fund outflows.
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Your rupee is worth even less today! Value plunges to historic low
Mon, Sep 10, 2018
The Indian rupee today slumped to a fresh record low of 72.18, falling 45 paise against the US dollar, while opening at record low of 72.15 a dollar from its previous close of 71.73 at the Interbank Foreign Exchange (Forex) market. The domestic currency breached its previous record low of 72.11 hit on September 6.
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