Indian Rupee | The Asian Age

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Former Niti Aayog vice-chairman Arvind Panagariya has opined that rupee depreciation was long overdue, saying appreciated currency had hurt the country's exports.

Rupee fall no macro worry, was long overdue, says Panagariya

Rupee depreciation was long overdue, saying appreciated currency had hurt the country's exports.

26 Aug 2018 1:07 PM

The RBI has yet to comment on the situation, though the RBI governor had commented on the global situation earlier this month whilst announcing the monetary policy.

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

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 depreciation.

17 Aug 2018 12:45 AM

Indian travellers are very calculative and factor in currency fluctuations and keep a significant buffer while budgeting their travel.

Indian travellers unfazed by Rupee fall

The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians.

16 Aug 2018 6:12 PM

The rupee’s plunge to a record low has worried a wide cross-section of India’s society: companies, importers, those going on vacation and students planning to study overseas. (Photo: Twitter)

If rupee fall continues, it can hurt Narendra Modi

Prime Minister Narendra Modi’s job could become a lot harder just before big state and national elections.

16 Aug 2018 4:24 PM

Oil price movement is the most important driver for the Indian stock market going forward.

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

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

Niti Aayog vice chairman Rajiv Kumar on Thursday said the falling rupee is not a cause of worry as it is getting back to its natural value. (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

India's crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier, government officials said on Thursday.

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 billion.

16 Aug 2018 2:36 PM

'After demonetisation disaster and now Rupee slide, Rupee crashes to its lowest ever. We are very concerned,' the chief minister tweeted. (Photo: Twitter/ANI)

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 the oil import bill.

16 Aug 2018 1:51 PM

Rupee hit fresh record low of 70.32 against the US dollar in the opening trade on Thursday. (Photo: File/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

India’s foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the finance minister said on Wednesday, a day after the rupee currency sank to an all-time low.

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

The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted. (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

India is printing currency notes in China, says a newspaper report. Quoting Liu Guisheng, president of the China Banknote Printing and Minting Corporation.

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 the report.

14 Aug 2018 10:09 AM

The rupee recovered from all-time low of 69.91 and strengthened by 23 paise to 69.68 against the US dollar in opening trade at the interbank foreign exchange market on Tuesday on some macroeconomic boost.

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

IT stocks rose up to 3 per cent on Monday amid weakness in the rupee which ended at a historic low of 69.91 against the US currency.

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

The weakness in rupee is expected to continue further and the domestic currency could touch 70 per US dollar if crude oil prices continue moving upward, says a Credit Suisse report.

Weakness in rupee to continue further, may fall to Rs 70 per dollar

The rupee hit a fresh two-week low of 68.93 against the USD in early session.

07 Aug 2018 11:53 AM

The RBI needs to pick one battle at the expense of the other, while also acknowledging that either choice leaves apart of economy vulnerable.

Analysis: RBI chooses between falling rupee and banking cash crunch

Economists suspect it may choose currency stability, regardless of how tight funding conditions get.

03 Aug 2018 2:10 PM

The rupee recovered from its all-time low, rising 9 paise to 68.96 against the American currency in late morning deals.

Rupee recovers from record lows, up 9 paise against US dollar

The rupee is under pressure amid rising crude oil and higher inflation.

20 Jul 2018 12:16 PM

The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks but the Reserve Bank may intervene to control the volatility, says an UBS report.

Rupee to remain in 68-72 range against USD in short term, says UBS

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week.

03 Jul 2018 4:00 PM

The BSE Sensex surged almost 386 points on Friday, reversing two days of losses, as the July derivatives contracts started on a strong note amid recovery in the rupee. (Photo: PTI)

Sensex soars 386 points as July F&O series opens strong

This is the benchmark's biggest single-session gain since May 31.

29 Jun 2018 4:14 PM

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Sanjaya Baru