The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| 11 August, 2020, 09:40 PM IST | E-Paper

    Upside for Indian rupee seen limited despite multiple positives

    Reserve Bank of India's stated foreign exchange policy has been to only curb extreme volatility

    Rupee settles 12 paise higher at 74.78 against US dollar

    At the interbank forex market, the local unit opened at 74.83 against the US dollar and gained further ground to settle at 74.78, up 12 paise over its previous close of 74.90.

    KPIT hits upper circuit on sustained deal wins in Q1

    Shares of mid-tier IT company KPIT Technologies hit an upper circuit with 5 per cent gain on Tuesday morning amid a weakness among the stocks of its top-tier peers.

    Rupee opens 9 paise down at 74.90 against dollar

    Earlier, the local currency on Friday closed with a marginal 3 paise gain at 74.81 to the US dollar amid weakness in the greenback against key global peers.

    Infosys poised for a better show in FY21 than peers

    Among the three, Infosys stood out. Its reported revenue dropped by 2.4% sequentially to $ 3,121 million in the June quarter while its two peers recorded a steeper drop of over 7%.

    $10 billion India fund shuns company debt on unappealing spreads

    Quantum Asset Management Co. also recommends avoiding higher-risk India credit because the world’s-biggest lockdown has significantly weakened the debt-servicing capacity of many companies

    Have reasonable exposure to IT stocks; Infosys top pick: Anand Tandon

    ‘IT stocks will benefit from any weakness in the rupee’

    FPIs pull out Rs 3,741 cr in three trading sessions in July

    The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June.

    Expect catch up rally in silver in second half of 2020: Adrian Ash

    ‘Gold has really proven its value as a safe haven in the first half of 2020’

    How Sensex, US-dollar, 10-year G-sec performed during week ending June 25, 2020

    Here is a weekly tracker of returns from Sensex, 10-year government bond yield and US dollar vis-a-vis Indian rupee.

    Rupee set to crash past record low, former Reliance FX head says

    The portfolio inflows have done little to arrest the decline in the rupee.

    Gold rate slips as traders book profits at higher levels

    Globally, gold prices edged up on Tuesday after notching a more than one-month high in the previous session.

    RIL a must-own stock but keep risk factors in mind: Dipan Mehta

    ‘The leadership that Reliance has gained will continue for some more time’

    Rupee tumbles 31 paise against US dollar to lowest since April 28

    MOSL expects rupee to quote in the range of 75.80 and 76.40 for the day.

    Rupee falls 19 paise against the US dollar in early trade

    At 10.08 am, the rupee was down 19 paise at 75.7850 against the US dollar. It had opened at 75.80, compared with a previous close of 75.59.

    Rupee trades 11 paise higher; US Fed policy outcome eyed

    On the domestic front, market participants will be keeping an eye on inflation and industrial production number that will be released later this week.

    Borrowing costs for India’s shadow banks finally start to fall

    Policy makers are leaving no stone unturned to help NBFCs overcome the credit crisis.

    Dollar strengthens; euro falls ahead of ECB meeting

    The euro was at $1.2025, down 0.3% and retreating from three-month highs.

    Rupee opens 32 paise up at 75.03 against dollar

    For the day, MOSL expects the rupee (Spot) to quote in the range of 74.80 and 75.25.

    IndiGo Q4 results: Firm posts quarterly loss of Rs 871 crore as costs rise, pandemic hits

    Revenue for the Jan-Mar quarter grew just 4.5% to Rs 8,635 crore from Rs 8,260 crore a year earlier.

    Rupee inches 21 paise higher buoyed by gains in equities

    “For the day, we expect the rupee (Spot) to quote in the range of 75.40 and 76.20,” MOSL said.

    Deficit monetisation: Is it really as simple as RBI printing more money?

    India has a comfortable foreign exchange reserves of $487 billion currently.

    Rupee opens 8 paise up at 75.63 against dollar

    The dollar index, which measures the strength of the US dollar against a basket of six currencies, dropped 0.12 per cent.

    Rupee opens 6 paise down at 76.46 against dollar

    On the domestic front, market participants are awaiting for an announcement from the finance minister on the stimulus package to support MSMEs.

    The Indian rupee is getting crushed by its own central bank

    Re is the worst performer in emerging Asia this quarter and that’s because RBI is mopping up dollar, analysts say.

    Rupee opens 45 paise down at 75.30 against dollar

    “We expect the rupee (Spot) to quote in the range of 75.50 and 76.50,” brokerage firm Motilal Oswal Financial Services said in a report.

    Rupee opens 66 paise up at 74.49 against US dollar

    US Treasury bonds yields fell modestly morning after weekly applications for unemployment benefits surged to an all-time high.

    Where can a weak rupee hurt the most?

    The rupee has hit a new low and the outlook for the near term remains bleak despite weak crude oil prices. Some analysts expect it to drop as low as 80 against the US dollar. Is it possible? How long will this pain last and which sectors will get hit the most. Take a look:Where can a weak rupee hurt the most?

    Rupee opens 20 paise up at 76.09 against dollar

    Continued fund outflow could disturb the overall sentiment in the market as it is not only restricted to the equity segment but also the debt segment.

    People avoiding big positions due to fear: Bhaskar Panda

    According to the executive vice president of HDFC Bank, when fear takes over, it is very difficult to say what level will hold and it is very difficult to take any position.

    Rupee hits record low, slips below 75-mark against US dollar

    The domestic unit depreciated nearly 80 paise to record low of 75.02 per dollar against the previous close of 74.23.

    Can RBI's liquidity tools really save India from virus hit?

    The coronavirus scare has left investors in a tight spot. What kind of a hit will it have on the economy? Will RBI cut policy rate and will such a move help the economy stave off this crisis? Let's find out.Can RBI's liquidity tools really save India from virus hit?

    Robust intervention by RBI saves the day for the rupee

    The central bank is estimated to have sold about $1.5 billion, one of the largest interventions lately, four people with direct knowledge of the matter told ET.

    Rupee rebounds 48 paise to 73.80 a dollar on RBI assurance

    In the current month so far, FPIs have pulled out a whopping Rs 37,954 crore (USD 5.14 billion) from Indian capital markets.

    Rupee reclaims lost ground, spurts 36 paise in mid-session

    In the current month so far, FPIs have pulled out a whopping Rs 33,163 crore (USD 4.46 billion) from Indian capital markets.

    Rupee plunges to 17-month low of 74.17 against US dollar

    At the interbank foreign exchange market, the local currency opened at 73.99. During the day, it moved northward, though briefly, to touch a high of 73.85.

    Rupee slips 12 paise to 71.74 against dollar

    Rupee finally settled at 71.74, lower by 12 paise against its previous close.

    Rupee does U-turn, rises 23 paise to 69.35 against US dollar

    On Friday, the rupee had settled at 69.58 against the US dollar.

    Now shop at Dubai airports using Indian Rupee

    The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.

    Rupee rises 5 paise to 71.60 against US dollar in early trade

    The 10-year government bond yield was at 6.34 per cent in morning trade.

    Rupee ranks among top 5 EM currencies

    The Mexican peso has taken the top slot, gaining 1.2 per cent against the greenback.

    Rupee opens 3 paise up at 71.30 against dollar

    The domestic unit continued to trade in a narrow range on Thursday but came under pressure in the latter half of the session following the release of weaker-than-expected economic data.

    Rupee opens 7 paise lower at 71.27 against dollar

    “Today, USDINR pair is expected to quote in the range of 71.05 and 71.50,” Motilal Oswal Financial Services said.

    Rupee opens 30 paise down as Union Budget disappoints market

    In the Union Budget, the Finance Minister announced that the fiscal deficit for the current fiscal year could widen to 3.8 per cent compared to previous estimates of 3.3 per cent.

    Rupee trips for 4th day, down 10 paise at 71.21

    Weaker greenback overseas and easing crude oil prices helped the rupee restrict its losses to some extent.

    Brokerages find TCS valuations expensive post Q3 results; stock falls 2%

    Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.

    Cheaper loans for exporters in the works

    The commerce department has proposed giving rupee credit to exporters at around 7.5% rate of interest and dollar-denominated loans at around 3.5% under the proposed scheme. It will soon take a proposal to the cabinet.

    View: Rupee likely to extend fall as US-Iran tensions ease

    ​​The biggest shockwave was a rise in crude oil prices as Brent crude shot up by more than $3 per barrel.

    Gold slides by Rs 80, silver falls Rs 200

    Gold prices fell by Rs 80 to Rs 40,554 per 10 gram

    Infosys Q3 earnings: Here’s what to expect from the IT major

    Infosys is all set to kick off the December quarter earnings season this Friday. Here’s what to expect from the IT major.Infosys Q3 earnings: Here’s what to expect from the IT major

    Rupee surges 48 paise as US-Iran tensions ease

    A strengthening domestic equity market supported the rupee, dealers said.

    Investor wealth jumps by Rs 2.25 lakh crore on market rally

    The 30-share BSE index zoomed 634.61 points or 1.55 per cent to close at 41,452.35. During the day, it jumped 664.38 points to 41,482.12.

    Market Movers: Sunteck & Aster DM gain; Infy rises; smallcaps lead rally

    IT major Infosys snapped a three-session losing streak and added over a per cent during the day.

    Sensex bounces back by 635 pts as US-Iran tensions ease; Nifty retakes 12,200

    The advance-decline ratio leaned heavily in favour of the buyers on BSE on Thursday.

    Infosys Q3 earnings: Here’s what brokerages expect from the IT major

    The company may report healthy order wins in an otherwise seasonally weak quarter.

    India allows late foreign-exchange deals to lure trade home

    London has overtaken Mumbai to become the top center for trading the rupee

    RBI permits banks to trade in forex outside market hours

    The move was a step in the right direction to help traders hedge their bets on the domestic front, said dealers.

    IT stocks gain on weak rupee

    Analysts said large IT companies benefit from a weaker rupee

    Rupee skids 16 paise on higher crude oil prices

    Rupee is trading in a narrow range amid lack of directional cues from the global market.

    Rupee slips 9 paise against US dollar in early trade

    The domestic unit settled 14 paise up at 71.22 per dollar on Wednesday.

    Market Movers: What changed for D-Street while you were sleeping

    Nifty on Tuesday ended Calendar 2019 below the 12,200 mark.

    Most bullish forecaster sees Indian rupee at 67 on Modi return

    Rupee may strengthen to 67 per dollar by end-June, a level last seen in the same month last year, said Qi Gao.

    Risks amid hope: How to navigate a year full of risks & opportunities?

    Manav Chopra of IB Ventures asked investors to avoid leveraged positions in high-beta stocks.

    Market Movers: What changed for D-Street while you were sleeping

    Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 504.13 crore on Thursday, data available with NSE suggested.

    Market Movers: What changed for D-Street while you were sleeping

    Here’s breaking down the pre-market actions.

    View: Rupee to trade in 70.70-71.50 zone amid lack of fresh cues

    strength in the dollar against its major crosses could keep gains capped in the rupee.

    Rupee slips 5 paise in early trade

    USDINR pair is expected to quote in the range of 70.90 and 71.25: MOFSL

    The great onion crisis of 2019 may be coming to an end

    Prices at one of India’s biggest wholesale markets may plunge to about Rs 20-25 per kilogram from mid-Jan.

    Rupee ends marginally higher at 70.97

    A stronger dollar in overseas markets after solid US economic data had weighed on the rupee sentiment in early trade, forex traders said.

    Rupee slumps 17 paise to 71 against dollar

    Forex traders said the rupee ended the day in the negative territory after inflows related to Essar steel got completed.

    Forex reserves touch record high at $453 billion

    Reserves rose by $2.34 billion during the week under review.

    More bullish on Indian equities than Indian rupee: Chris Wood, CLSA

    Since the leadership of the RBI has changed we have seen more monetary easing, says Wood.

    Parliament passes bill to set up unified body to regulate IFSCs

    Speaking in the Upper House, Finance Minister Nirmala Sitharaman said the authority would also be responsible for regulating any other IFSC centre which comes up in the country in future as well. She was responding to Congress member Jairam Ramesh who said the authority has been set up to just cater to one centre in Gandhinagar.

    Benchmark yield hits 12-week high on S&P's downgrade warning

    Benchmark bond yield gained five basis points to close at 6.76 per cent on Wednesday.

    Rupee rebounds 24 paise as RBI maintains accommodative stance

    The rupee's rise was also supported by weaker dollar against key global currencies.

    Has Guv Das turned hawkish? Key takeaways from RBI money policy

    The MPC revised down real GDP growth for 2019-20 from 6.1% in October policy to 5%.

    Top shadow banks soothed by yield-hungry global funds

    The government needs a healthier shadow banking sector as it tries to boost economic growth.

    Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management

    As per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Veratech Intelligence, revenue from operation dropped 10.6% year on year in 2018-19 at Rs 4,758.62 crore, while its net loss more than tripled at Rs 459.58 crore against Rs 131.88 crore in FY18.

    Rupee rises 8 paise to 71.58 against US dollar in early trade

    Forex traders said, the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.

    Rupee edges higher by 8 paise; RBI meet in focus

    The Indian unit on Friday had closed at 71.74 against the US dollar.

    These are the Asian currencies to watch in 2020

    Signs of progress in the US -China trade dispute is adding to confidence.

    Rupee slips 12 paise to 71.74 ahead of GDP data

    Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.

    India boomed! How & why we lost the plot on the high growth path?

    The last few years has not been very good for the Indian IT industry. Growth has tapered.

    Likely GDP shock at hand, India braces for impact

    If the numbers come in at around 4.5% as widely predicted, it will be the slowest pace since Q4 of 2013.

    Rupee declines 27 paise to a week's low on trade concerns

    Fresh trade concerns after China said it was ready to take firm counter-measures against the US which passed a law supporting Hong Kong protestors also weighed on the domestic currency.

    Challenges ahead for most non-financial companies in 2020: Moody's

    Moody's expects GDP growth to slow to 6.6 per cent in 2020, weaker than previous years.

    Rupee gains 15 paise to end at over 2-week high on forex inflows

    Forex traders said the rupee appreciated for the second straight day on foreign inflows in primary as well as secondary equity market.

    Rupee spurts to over 2-week high of 71.50

    The rupee gain was further strengthened by weakening of dollar against the key rival currencies.

    RBI revises framework on currency swap arrangement for SAARC nations

    The new framework is valid from November 14, 2019 to November 13, 2022.

    India GDP growth in Q2 at 4.7 per cent; FY20 forecast at 5.6 per cent: Ind-Ra

    The revision, it said, became "inevitable as the high-frequency data now suggests that the agency's estimate of 2QFY20 GDP growth coming in a little higher than 5 per cent is unlikely to hold".

    Rupee falls 11 paise to 68.82 vs USD on foreign fund outflows

    30-share index settled 0.22% higher at 39,215.64 and Nifty ended 0.21% up at 11,687.50

    Rupee ends marginally lower against US dollar

    Rupee finally settled at 71.74, registering a loss of 3 paise over its previous close.

    Up 8,000% in 10 years! And Ashish Kacholia has just picked a stake in this stock

    The purchase took place as the company lowered its revenue growth guidance to 15-20%.

    Rupee rises by 15 paise to 68.54 against dollar

    Forex traders said Indian rupee gained taking cues from the higher Asian currencies.

    NSE to introduce trading in interest rate options from Dec 9

    Rival bourse BSE launched trading in interest rate options based on government securities in August.

    Rupee rises 5 paise to 71.76 per dollar

    Forex traders said the rupee received a leg-up after China said it will strive to reach 'phase one' trade deal with the US.

    Rupee advances 14 paise to 68.44 on Fed rate cut hopes

    Dollar index, that gauges greenback's strength against a basket of 6 currencies, dropped 0.23%.

    Rupee trips 7 paise to 68.58 vs USD

    A weak trend at the domestic equity markets and global trade tensions also kept sentiment subdued.

    AIIB plans $2.5 billion investment in India’s metro, road projects

    AIIB may invest $400 million each in the two metro projects. In Bangalore, it has decided to invest $350 million. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp. The investment is likely to boost New Delhi's Smar City initiative.

    Rupee recovers 13 paise to end at 71.71 against dollar

    Forex traders said the rupee consolidated in a narrow range following lack of cues on the domestic as well as the global front.

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