Rupee Falls

Rupee slips 9 paise to 74.45 against US dollar in early trade

The rupee depreciated 9 paise to 74.45 against the US dollar in opening trade on Thursday, tracking muted domestic equities. The local unit opened at 74.44 against the greenback at the interbank forex market, then lost further ground and touched 74.45, down 9 paise over its last close. On Wednesday, the rupee declined by 18 paise to close at 74.36 against the US dollar. "The euphoria around a Joe Biden victory (in the US presidential election) and a vaccine becoming available by the year-end seems to be slowly settling down, said Abhishek Goenka, Founder and CEO, IFA Global. The overall risk sentiment, however, continues to remain positive, he said, adding that the dollar though has made a comeback against majors and commodity currencies. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 93.02. On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 202.76 points lower at 43,390.91, and the

Rupee falls sharply to the dollar as pandemic resurgence grips Europe

Sheds 24 paise to end at 73.85 on heavy greenback purchases by nationalised banks to meet month-end oil import bills

Rupee tanks 36 paise to all-time low of 76.80 against USD in early trade

The rupee opened weak at 76.75 at the interbank forex market and then fell further to hit an all-time low of 76.80, down 36 paise over its last close.

Forex reserves fall by $12 bn to $499 bn; rupee hits all-time low: RBI data

The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion

Indian stocks set to gain on Fed boost after logging worst single-day fall

On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar

Coronavirus impact: Rupee breaches 76 a dollar as stocks take a beating

The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar

Rupee drops by 8 paise to fresh life-time low of 75.20 vs US Dollar

Meanwhile, all central banks including RBI are trying to reduce the risk and address the liquidity crunch. However, the increasing number of coronavirus cases in India will keep the rupee on an edge.

Rupee sinks to fresh 17-month low over coronavirus, recession fears

Indian equity markets suffering their worst single-day losses and stock indices slipping into bear territory also hit the rupee sentiment

Rupee tumbles 70 paise against US dollar, hits 17-month low

The new coronavirus outbreak can now be described as a pandemic, the head of the World Health Organization announced Wednesday.

Coronavirus outbreak: Rupee closes above 73, experts see more pain

The Reserve Bank of India (RBI) did not intervene in the market, even as the offshore markets showed rupee to be weaker by 10-11 paise against the dollar

US-Iran tensions send oil prices soaring, rupee may have a tough year ahead

Analysts expect the renewed geopolitical worries to remain for a couple of days, lending support to the crude oil price and taking a toll on emerging market currencies, including the rupee

Year in Review: In uncertain times, 2019 an eventful year for bonds, rupee

The rupee started at 69.44 a dollar, and on December 27, closed at 71.32 a dollar.

Rupee falls 9p against dollar on rumours of disinvestment target slippage

The rupee depreciated by 9 paise to close at 71.27 against the US dollar on Tuesday amid heavy selling in domestic equities and steady rise in crude oil prices. Forex traders said the rupee traded in a narrow range but was weighed down in the latter half of the session after reports emerged that the government might not be able to meet its disinvestment target. At the interbank foreign exchange market, the domestic currency opened weak at 71.22 and later fluctuated between a high of 71.15 and a low of 71.29. The domestic unit finally settled at 71.27, showing a fall of 9 paise over its previous close of 71.18. "Rupee continued to consolidate in a narrow range but was weighed down in the latter half of the session after reports that the government might not be able to meet its disinvestment target. Some sources suggest that the government will not be able to finish the disinvestment process for BPCL as well as for Air India in the current fiscal year," Gaurang Somaiyaa, Forex & ...

Rupee plunges to 72 against US dollar for the first time in 2019

The domestic currency on Thursday crashed to an over eight-month low of 71.81, dropping 26 paise as tumbling equities and incessant foreign fund outflows weighed on sentiment.

Rupee crashes to over 8-month low of 71.81 on foreign fund outflows

Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee

Rupee opens 16 paise lower against US dollar amid weak global cues

The domestic unit on Monday depreciated by 14 paise to close at 71.02 as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy.

Rupee crashes to over 8-month low of 71.81; yuan falls to 11-year low

The Chinese yuan, too, fell to an 11-year low, responding to the US-imposed tariffs on imports

Rupee at nine-month low, tracking fall in yuan; Sensex crashes 776 pts

Bank treasuries, and perhaps the RBI are closely tracking the yuan movement, and are devising strategies accordingly

Rupee fall against dollar likely to spur margins of IT companies

But a weakening pound sterling may erode some of the gains

Rupee slips further to 71 level against dollar post RBI rates cut

The rupee had opened on a weak note at 70.92 at the interbank forex market, then fell further to 70.99 against the dollar