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Rupee Plunges

Rupee settles 16 paise lower at 73.03 against US dollar on Wednesday

During the session, the domestic unit touched an intra-day high of 72.90 and a low of 73.13 against the American currency

Rupee settles 16 paise lower at 73.03 against US dollar on Wednesday
Updated On : 02 Sep 2020 | 5:03 PM IST

Firms could lose over Rs 100 billion due to rupee fall: CARE Ratings

India's total external debt as on March 31 was $529.3 billion, of which $202.2 billion are external commercial borrowings

Firms could lose over Rs 100 billion due to rupee fall: CARE Ratings
Updated On : 10 Oct 2018 | 2:38 AM IST

Rupee crashes to all-time low of 73.81 on capital outflows, oil prices

The domestic currency closed at a record low of 73.58, down by 24 paise or 0.33 per cent, marking its third straight session of losses

Rupee crashes to all-time low of 73.81 on capital outflows, oil prices
Updated On : 04 Oct 2018 | 8:25 PM IST

As rupee breaches 73 level, RBI allows OMCs to raise dollar from abroad

However, the announcement came after the market closure, after the rupee witnessed a sharp decline on news that the central bank had refused to open a dollar-swap facility for the OMCs

As rupee breaches 73 level, RBI allows OMCs to raise dollar from abroad
Updated On : 04 Oct 2018 | 8:18 AM IST

Rupee depreciation is a managed fall

Effectively, the rupee has depreciated 2 per cent in real terms against a basket of six currencies since January 2017

Rupee depreciation is a managed fall
Updated On : 17 Sep 2018 | 11:55 PM IST

The fair value of rupee

It is important to ensure that India is competitive. As such, Rs 72-73 to a dollar may be the right level

The fair value of rupee
Updated On : 17 Sep 2018 | 11:44 PM IST

Exports grow but imports remain high

The effects of rupee hammering are being felt in the forex market. Corporates with outstanding ECBs are now seriously worried about the currency situation

Exports grow but imports remain high
Updated On : 17 Sep 2018 | 9:43 PM IST

Rupee weakness weighs down FMCG stocks, but shot in arm for IT pack

The IT sector, which has the second-highest weightage in the Sensex after the financial sector, has been a key contributor to the 10% gain for the benchmark this year

Rupee weakness weighs down FMCG stocks, but shot in arm for IT pack
Updated On : 12 Sep 2018 | 11:30 PM IST

Equity markets post biggest fall in 6 months; Rupee closes at 72.45

Bond yield at 4-year high as CAD widens to the most in five years

Equity markets post biggest fall in 6 months; Rupee closes at 72.45
Updated On : 11 Sep 2018 | 11:47 AM IST

Rupee breaches 72 to the dollar to hit new low, no RBI intervention seen

The rupee fell to a record low of 72.11 to the dollar at one point, with strong bids for dollars coming after 70 was hit, traders said

Rupee breaches 72 to the dollar to hit new low, no RBI intervention seen
Updated On : 06 Sep 2018 | 1:35 PM IST

Rupee falls for 6th day in a row, hits new closing low of 71.75 to a dollar

Intra-day, the domestic unit plummeted to a historic low of 71.97 a dollar before finding some respite, staging some recovery towards the tail-end

Rupee falls for 6th day in a row, hits new closing low of 71.75 to a dollar
Updated On : 05 Sep 2018 | 7:37 PM IST

Rupee to stablise on its own, dip not due to domestic factors: Govt

The rupee hit a life low of Rs 71.57 to a US dollar earlier on Tuesday, making imports costlier and putting price pressures

Rupee to stablise on its own, dip not due to domestic factors: Govt
Updated On : 04 Sep 2018 | 10:22 PM IST

Falling rupee not alarming, India in period of stability: Finance Ministry

India has inflation in control 'which gives us some space to allow this process to happen', says Sanjeev Sanyal

Falling rupee not alarming, India in period of stability: Finance Ministry
Updated On : 29 Aug 2018 | 7:59 PM IST

Rupee's weakness worrying you? Beat depreciation with international funds

These funds allow you to benefit from global growth and are especially suited for investors who want to send their children abroad for higher education, or buy a house overseas

Rupee's weakness worrying you? Beat depreciation with international funds
Updated On : 27 Aug 2018 | 6:57 AM IST

Why the rupee's depreciation cannot help boost India's exports by itself

For one, part of the gains stemming from the rupee's recent decline are offset by similar declines in currencies of other exporting countries

Why the rupee's depreciation cannot help boost India's exports by itself
Updated On : 22 Aug 2018 | 6:21 AM IST

Most companies, barring a few, can withstand ongoing rupee fall: Report

Most domestic corporates, barring a few, can withstand the ongoing rupee plunge as the share of their dollar-linked earnings largely balance the share of their greenback-denominated debt, says a report. The rupee fell beyond Rs 70 to the dollar, closing at an all-time low yesterday at 70.15, while today the market was closed. So far, the rupee has lost close to 9 per cent, making it one of the worst performers among the large currencies. "A weaker and more volatile rupee would likely result in increased hedging costs for companies, while the same may benefit exporters," an S&P report said today. "Most corporates can withstand the rupee plunge as the share of their dollar-linked earnings largely balance the share of their greenback-denominated debt. A few of them will be negatively affected, but not severe enough to impact their credit ratings," S&P said. The report further said it expects the credit profile of rated infrastructure companies to be largely protected

Most companies, barring a few, can withstand ongoing rupee fall: Report
Updated On : 17 Aug 2018 | 7:10 PM IST

Falling rupee returning to natural value, no reason to worry: Niti Aayog VC

Rupee should be realistically valued and should not be overvalued, he said

Falling rupee returning to natural value, no reason to worry: Niti Aayog VC
Updated On : 16 Aug 2018 | 2:45 PM IST

Rupee may rebound if crude keeps falling

The last fortnight was excellent for big stocks. The Nifty is very close to an all-time high and looks capable of going north but smaller stocks have continued to take a hammering

Rupee may rebound if crude keeps falling
Updated On : 24 Jul 2018 | 5:59 AM IST

Weak rupee not enough to tip the scale in favour of India's exports

A weak currency is good for exports. In India's case, the script is not so straightforward

Weak rupee not enough to tip the scale in favour of India's exports
Updated On : 20 Jul 2018 | 10:41 AM IST

Amid oil price hike and dollar strength, rupee may hit 70 mark this week

The Reserve Bank of India (RBI), however, will not be comfortable with the currency touching 70 and would strongly defend the same

Amid oil price hike and dollar strength, rupee may hit 70 mark this week
Updated On : 08 Jul 2018 | 2:42 PM IST