Tag: Rupee
17 Results
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The rupee must be saved from this regular bashing
Tightening is required on both fronts. How many dollars are moving out/in on trade/current account must be monitored on a daily basis.
July 22, 2022 -
Why rupee is falling to it’s lowest against US dollar?
For the first time in a decade, the dollar reached its highest value in the first half of the year 2022, buoyed by various conflicts among countries and the Russia-Ukraine war.
July 20, 2022 -
The sliding rupee
Although depreciation of the currency makes imported goods expensive, and foreign travel and fees for studying abroad become costly, it is an erroneous presumption that absence of a strong currency is necessarily bad.
July 18, 2022 -
Rupee falls 19 paise to close at 74.31 against US dollar
Rupee traded weak as dollar index rallied on the back of US FED tapering bond-buying hints in weeks ahead," said Jateen Trivedi.
October 4, 2021 -
Rupee falls for 5th straight session, settles 9 paise down at 74.23/$
Parmar further said that the rupee stayed calmer on Thursday, compared to the prior three days, as participants are cautious ahead of the release.
September 30, 2021 -
Rupee rallies 40 paise to close at 73.29 against US dollar
The rupee logged the third straight session of gain on Monday. In the three trading sessions, the local unit appreciated by 95 paise.
August 30, 2021 -
Rupee snaps 5-day winning streak, drops 11 paise against US dollar
At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close.
August 9, 2021 -
India’s forex reserves swell by $2.56 bn
The value of the country's gold reserves increased by $1.008 billion to $37.020 billion.
December 26, 2020 -
NHAI form SPV for Delhi-Mumbai ‘Greenfield’ Expressway project
Currently, the NHAI is implementing about 28,000 km of highways under 'Bharatmala Pariyojna' Phase-1, and the Delhi-Mumbai Expressway is one of the flagship corridors.
August 13, 2020 -
Rupee falls 13 paise to 75.59 against US dollar in early trade
Forex traders said the local unit opened weak against the greenback tracking losses in some of the major Asian currencies and gains in the US dollar.
May 14, 2020 -
Sensex, Nifty extend losses as trading resumes after 45-minute halt amid Coronavirus lockdown
The Indian rupee slipped further by 95 paise to 76.15 against the US dollar in opening trade on Monday amid sharp rise in Coronavirus cases in the country and heavy selling in domestic equities.
March 23, 2020 -
COVID-19 Pandemic: Rupee tumbles record low, hits below 75 level against US dollar
Foreign investors remained bearish in Indian capital markets as they pulled out more than Rs 5,085.35 crore on Wednesday, market data showed.
March 19, 2020 -
Sensex soars above 1900 points as corporate tax rate slashed, Nifty crosses 11k
The government slashed the effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
September 20, 2019 -
Rupee dives 25 paise to 68.69 vs USD
Forex traders said the rupee traded in a narrow range ahead of the release of retail inflation and factory output data.
July 12, 2019 -
Rupee falls 18 paise to 68.84 against dollar
A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit, forex traders said. However, softening crude oil prices restricted the rupee's fall, they added.
July 9, 2019 -
Rupee slips 11 paise to 69.05 vs USD in early trade
Forex traders said rupee is expected to trade in a narrow range as market participants will keep a close watch on the Union budget this week, that could trigger volatility in the local unit.
July 2, 2019 -
Rupee settles 9 paise higher at 68.94 against US dollar
The domestic currency, however, could not hold on to the gains and fell to 69.09. The rupee finally settled at 68.94 a dollar, higher by 9 paise over its previous close.
July 1, 2019