Indian Rupee | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 09:23 AM IST

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The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade on Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices.

Sensex falls 175 points on rupee woes, rising crude prices

The Indian currency collapsed to a new lifetime low of 74.27 in intra-day trade, raising concerns on the macroeconomic front.

09 Oct 2018 4:31 PM

The rupee slumped by 30 paise to finish at a fresh lifetime low of 74.06 against the US dollar on Monday amid strengthening of the greenback and steady capital outflows.

Rupee slumps 30 paise to close at record low of 74.06 against US dollar

The rupee had opened lower by 14 paisa against Friday's close of 73.76 in early trade as the US dollar.

08 Oct 2018 6:20 PM

The rupee dropped by another 14 paise to 73.90 per dollar in early trade on Monday as the US currency gained in global markets amid unabated foreign fund outflows.

Rupee falls 14 paise against US dollar in opening trade

The dollar strengthened after China's central bank eased its domestic policy to support the economy.

08 Oct 2018 10:30 AM

The rupee on Thursday crashed to a historic low of 73.81 to the dollar due to the twin-impact of capital outflows triggered by surging US Treasury yields and crude oil prices racing to a four-year high.

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

The rupee has lost 110 paise or 1.51 per cent in the three sessions since Monday.

04 Oct 2018 7:42 PM

With the rupee continuing to touch new lows, the Reserve Bank on Wednesday allowed forex borrowings for working capital by oil marketing companies--the largest consumers of foreign currency--under the automatic route with immediate effect.

RBI allows oil marketing firms to raise USD 10 billion from overseas

OMCs will now be able to raise external commercial borrowing for working capital purposes.

03 Oct 2018 7:44 PM

The rupee tumbled 26 paise to end at a near two-week low of 72.91 against the US dollar on Monday amid a strengthening greenback and steady capital outflows.

Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Higher US Treasury yields, which rose above the 3 per cent mark, boosted the appeal for the dollar.

01 Oct 2018 7:31 PM

The US dollar inched down against the rupee at 72.59/60 per dollar and the pound sterling also finished lower at Rs 95.27/29 per pound at the close of the Interbank Foreign Exchange (forex) market here Thursday.

US dollar inches down against rupee

The pound sterling also finished lower at Rs 95.27 per pound.

27 Sep 2018 7:07 PM

Country's largest two wheeler maker Hero MotoCorp on Wednesday said it will increase prices of its entire range of products by up to Rs 900 with effect from October 3 in order to offset impact of rising input costs and weakening of rupee against the dollar.

Hero MotoCorp to hike prices of entire range from October 3

The revision has been necessitated by the increasing commodity costs and currency depreciation.

26 Sep 2018 6:25 PM

The finance ministry along with the Prime Minister’s Office (PMO) and the commerce ministry is learnt to have finalised a list of products, which would attract higher import duty under an action-plan by the government, to stem the fall of rupee.

Duty hike on many products soon to support Rupee

The new list is likely to be announced on Wednesday.

24 Sep 2018 2:47 PM

The rupee fell sharply by 29 paise to 72.49 against the dollar on Monday as the greenback strengthened overseas. (Photo: AP)

Rupee drops 29 paise to 72.49 against US dollar

Losses in domestic equities in volatile early trade also put pressure on the rupee.

24 Sep 2018 10:55 AM

The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are closely monitoring recent developments in financial markets and are ready to take appropriate actions, if necessary.

Reserve Bank of India, SEBI closely monitoring financial markets

They are closely monitoring recent developments in financial markets and are ready to take appropriate actions.

24 Sep 2018 10:41 AM

The five-pronged strategy announced by the government to increase capital inflow into the country is unlikely to reverse the rupee depreciation, Moody's Investors Service said on Monday. (Photo: DC)

Govt steps to boost capital inflow unlikely to reverse Rupee slide: Moody's

The government also announced its intention to curb imports and reiterated its commitment to this year's fiscal deficit target.

24 Sep 2018 10:29 AM

The government will "very soon" implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon.

Curb on imports to bring rupee to 68-70 level: DEA Secretary

The government had earlier this month announced easing of overseas borrowing norms for manufacturing companies.

23 Sep 2018 5:35 PM

A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say. Rupee is hovering near 73 against the US dollar since the past one week.

Weaker rupee, regulations make realty attractive for NRIs

The drop in rupee can be seen as an investment opportunity for individual buyers as well as institutional investors.

23 Sep 2018 12:21 PM

RBI unlikely to hike repo rate in October despite weak Rupee: study

Weakness in the rupee does not offer a sufficient alibi for a rate hike.

21 Sep 2018 5:30 PM

The rupee on Friday surged by another 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.

Rupee on recovery path, gains 34 paise to end at 1 week high against dollar

Extending gains for a second session, the domestic unit hit a session high of 71.53 in early trade.

14 Sep 2018 7:51 PM

India needs to be extremely vigilant to check weakness in the rupee and the task was to minimise volatility and avoid contagion to other macro policies, a member of the prime minister’s economic advisory panel said on Friday. (Photo: DC)

India needs to be vigilant to check rupee fall: PM economic panel member

'The present challenge can be effectively dealt with,' said Rathin Roy, in a blog.

14 Sep 2018 12:41 PM

PHDCCI president-designate Rajeev Talwar on Thursday expressed hope the rupee will stablise with pick up in the economic growth though the depreciating currency is "music to exporters" at present. (Photo: DC)

Falling Rupee 'music to exporters': PHDCCI president-elect Rajeev Talwar

Talwar, who is the CEO of realty major DLF, would be assuming the post of president of industry body PHDCCI next month.

13 Sep 2018 7:46 PM

Rate hikes will be the next recourse, which is a prudent policy move but has not been most effective in arresting a weakening rupee.

RBI looking at all options to stop rupee fall, say analysts

According to Singapore-based DBS Bank, tapping foreign exchange reserves will be the first line of defence, which is already underway.

13 Sep 2018 2:21 AM

US dollar ends sharply lower at 72.19 against Rupee

The US dollar ended sharply lower against the rupee at 72.18/19 per dollar.

12 Sep 2018 7:28 PM

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Sanjeev Ahluwalia