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There are other major import items like crude oil, gold and precious stones which cannot be produced indigenously or are used for re-exports. (Representational Image)

Oil prices, 2019 elections, local fund flow top drivers for market:...

The impact of INR depreciation is mixed 5 per cent depreciation would push up inflation by 10-15 bps.

16 Aug 2018 4:02 PM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Falling rupee not a cause of worry, says Niti Aayog VC

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

16 Aug 2018 3:10 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India's oil import bill to jump by USD 26 billion on rupee woes

If the rupee is to stay around 70 per dollar for the rest of the ongoing fiscal, the oil import bill will be USD 114...

16 Aug 2018 2:36 PM IST

Mamata Banerjee said those who have been staying in the country for years were branded as infiltrators and accused the BJP of carrying out the exercise with an eye on Lok Sabha elections. (Photo: ANI | Twitter)

Depreciating rupee will kill small businesses, says CM Mamata Banerjee

Banerjee said the informal sector and small businesses will be worst hit by depreciating rupee and lead to increase in...

16 Aug 2018 1:51 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee hits new all-time low of 70.32, plunges 43 paise against USD

On Tuesday, rupee breached psychological 70-mark and plunged to a fresh all time low of 70.10 in the intra-day trading.

16 Aug 2018 9:49 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Govt says forex reserves comfortable to withstand rupee fall

Rupee hit the record low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes.

15 Aug 2018 2:01 PM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Rupee crashes to all-time low of 70.09 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

14 Aug 2018 11:04 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says...

14 Aug 2018 10:09 AM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Rupee recovers from life-time low, up 23 paise against US dollar

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency.

14 Aug 2018 9:57 AM IST

IT stocks gain up to 3 per cent on rupee fall

Led by gains in these stocks, the BSE IT index ended 1.24 per cent higher at 14,865.80.

13 Aug 2018 7:17 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Falling rupee will burn a hole in our pockets

There are hopes in some quarters that the Reserve Bank of India would intervene to stop the rupee's slide.

18 Aug 2018 12:36 AM IST

Noting that the rupee remains volatile alongside emerging market assets, the rating agency said a weaker and more volatile rupee would likely result in increased hedging costs for firms.

Telcos may see negative impact

It expects the credit profile of rates infrastructure firms to be largely protected from the current bout of rupee...

17 Aug 2018 12:45 AM IST