Tag: Rupee
17 Results
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Pakistani rupee plunges to historic low
The Pakistani rupee resumed its downwards slide on Thursday after two modest sessions as the "optimism surrounding the government and IMF talks scaled back", local media reported.
February 2, 2023 -
Rupee falls against dollar again
The Indian rupee came down against the US dollar on Monday, crossing the Rs 81 mark vis-a-vis a dollar.
January 23, 2023 -
Rupee fared relatively well versus other emerging market currencies, says World Bank
Currently, Rupee is trading around 82.0 against the US Dollar as against a record low of 83 it breached in mid-October.
December 6, 2022 -
For every rupee depreciation, software exports increase by $250 mn: SBI Chief Economic Advisor
India's software export revenue and remittances act as a strong counter-cyclical buffer against the increase in current account deficit (CAD) due to a hike in global oil prices and rupee depreciation, said the State Bank of India's (SBI) Chief Economic Adviser.
November 10, 2022 -
Centre allows international trade settlements in Indian rupee
The government has allowed international trade settlements in Indian rupees for export promotion schemes under the foreign trade policy.
November 9, 2022 -
Rupee closes at 82.78 against dollar with a fall of 31 paise
The rupee on Monday ended 31 paise lower at 82.78 at the interbank foreign exchange market. The Indian currency opened 10 paise higher at 82.57 on the support of easing crude oil prices and touched a high of 83.01 during intraday trade.
October 31, 2022 -
Amid high inflation & weak rupee, Fin Min review says economic performance ‘impressive’
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.
October 22, 2022 -
India’s forex reserves at 2-year low amid depreciating rupee
India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
October 22, 2022 -
Rupee touches a historic low of 83.18 against the dollar
The rupee touched a historic low of 83.18 against the dollar briefly during intraday trading, before it closed at 82.74 on Wednesday. However, the rupee's close of 82.74 was lower than Tuesday's close of 82.45 against the dollar.
October 19, 2022 -
‘I won’t see this as the rupee sliding but as the dollar strengthening’: FM Sitharaman
As the rupee continues with its downward trend against the dollar, touching 82.32 on Friday, Finance Minister Nirmala Sitharaman has said that she sees the phenomenon as the dollar strengthening and not the Indian currency sliding.
October 16, 2022 -
Rupee falls 16 paise to its all-time low of 82.33 against dollar
The Indian rupee on Friday, depreciated 16 paise to its all-time low of 82.33 against the dollar owing to a rise in US bond yields and climbing crude oil prices.
October 7, 2022 -
Rupee down by 32 paise against dollar on a record low of Rs 81.94
On Thursday, the rupee plunged 32 paise to close at an all-time low of 81.94 against the US dollar. High volatility in the crude oil market led to the fall of the rupee.
October 6, 2022 -
Better for RBI to allow rupee to depreciate a bit, finding its natural balance: SBI report
It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.
September 28, 2022 -
Rupee depreciates to new lifetime low; stocks decline for sixth day
Continuing with the consistent depreciation, the rupee slipped further from the recent low and hit another lifetime low at 81.90 against the US dollar on Wednesday morning. In equity markets, Indian stocks extended their losses for the sixth straight session, dragged largely by broad-based selling in the global equities. At 10.08 am, Sensex and Nifty each traded 0.3-0.4 per cent lower.
September 28, 2022 -
Rupee hits new record low of 81.55 against USD
The Indian rupee fell to a new record low of 81.55 against the US dollar on Monday after a sharp uptick in dollar index, dealers said.
September 26, 2022 -
Much of Rupee’s weakness linked to strong US dollar index: SBI Research
Much of the weakness in the rupee is on account of a strong US dollar index and not just because of India's domestic economic fundamentals, said SBI Research in its latest report.
September 25, 2022 -
Rupee breaches 81 mark for a new lifetime low
This morning, the Rupee opened 25 paise lower from the previous session to touch a record low of 81.09 versus the US dollar, against Thursday's close of 80.86. Yesterday's depreciation was the biggest single-day fall for the rupee since February 24.
September 23, 2022