Indian Rupee

Handset companies hike prices of mobile phones on high GST

“The rupee has depreciated significantly against the US dollar. Since we maintain less than 5% profit margin for all our hardware products, we have no option other than to increase prices,” Manu Jain, India head at Xiaomi, India’s leading handset maker, said in a note to customers.

Rupee plunges 70 paise as Covid-19 concerns weigh

The number of COVID-19 cases climbed to 1,071 in India on Monday.

Rupee settles on a steady note, logs over 9% drop in FY20

Gains in equities and lower crude oil prices, however, restricted the rupee from venturing into the negative territory.

What changed for D-Street while you were sleeping

Analysts said the NSE barometer needs to respect the support of 8,244, else the downside may resume.

Rupee fall adds to India Inc’s debt pain, likely to hurt balance sheets

Analysts on Mint Street are speculating that the currency may head towards 78 kind of level.

Protect your mutual fund portfolio from Coronavirus, and yourself

When you invested in a mutual fund scheme, you would have earmarked each of your mutual fund schemes to specific financial goals. For example, a retirement that is twenty years away or a higher education fund for a child that is eight years away.

What changed for D-Street while you were sleeping

On the daily chart, the index formed a bearish candle with a lower wick. This suggests that the intraday recovery was sold into.

Rupee to average at 77 against dollar in 2020, 80 in 2021: Fitch Solutions

Ongoing global risk-off sentiment and steep monetary easing will pressure the rupee weaker.

Rupee settles 78 paise higher at 75.16 a dollar on stimulus boost

The rupee, which opened on a positive note at 75.90, settled for the day with gains of 78 paise at 75.16 against the American currency.

Coronavirus updates, govt measures, FII flows among key factors that may guide Dalal Street this week

Number of coronavirus cases in India is nearing 1,000, evoking fears of community transmission.

Rupee rises 84 paise against dollar after govt announces welfare measures to fight Covid-19

The rupee which opened on a positive note at 75.90, gained further momentum and touched a high of 75.10 against the US dollar, registering a rise of 84 paise over its previous closing.

Indian banks plan to shut down most branches during lockdown: Sources

Banks have been exempted from a 21-day lockdown that began this week.

Bain Fund, BitMEX owner among funders of India crypto bourse

The funding signals hope for an industry that floundered in the last two years amid the ban, during which time several exchanges had to shut up shop. Liquidity fell drastically and it became challenging to operate the business.

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.

What changed for D-Street while you were sleeping

Stock futures rollovers stood at 90 per cent, which were in line with an average rollovers of last three F&O series.

Rupee settles 26 paise higher at 75.94 against US dollar

Forex traders said the rupee which started the day on a positive note, witnessed heavy volatility.

Rupee in a free fall amid rush to safety! How low can it go?

The fall in domestic equities has added extra pressure on our currency.

Rupee plunges 50 paise to 74.25 amid coronavirus uncertainty

Forex traders said the fall in the domestic unit was in line with other Asian peers amid mounting fears of a coronavirus-led economic slowdown.

As coronavirus spooks markets, RBI announces $2 billion money shot

These funds would be available for 6 months. India's forex reserve is at record $487.24 billion.

Rupee hits record low of 74.99; what's next?

The rupee has weakened 3 per cent since the beginning of March.

Rupee opens 12 paise up at 74.15 against US dollar

The rupee on Tuesday opened 12 paise higher at 74.15 against the dollar following a steep fall in crude oil prices.

Rupee pares gains to close marginally down on forex outflows

The domestic unit finally finished at 74.26, down 2 paise over its previous close.

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.

RBI says will take all necessary measures to keep markets stable

RBI said it will take all necessary measures to ensure that money, debt and forex markets remain adequately liquid and stable, and continue to function normally.

Rupee pares gains after stock meltdown, closes flat at 74.24

Forex traders said the Indian rupee which started the day on a positive note, witnessed heavy volatility amid fears that the rate cut by the Reserve Bank would not be sufficient to boost market sentiments.

ADB raises $118 million from rupee-linked bonds

ADB's India rupee bonds have been a "game changer" for local currency operations

Market mayhem: Sensex posts worst ever one-day fall in history, nosedives 3,935 points; Nifty ends at 7,610

The carnage wiped off Rs 14.22 lakh crore of the m-cap of the companies listed on the BSE.

Deal with bondholders 'in process': YES Bank administrator

"We are in the process," Prashant Kumar, the administrator, told Reuters.

Don't lay off employees: CII tells member companies

Industry body CII president Vikram Kirloskar's remarks come against the backdrop of mounting concerns that companies, including in India, could resort to retrenchment due to sluggish demand and various restrictions in place to curb spreading of the coronavirus infection.

View: Rupee outlook bearish; SBI Card IPO-related inflows to offer some support

Fundamentals are also pointing towards weakness in the rupee.

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.

Govt, RBI to take all necessary steps to quell 'fear sentiment' around coronavirus: CEA

In the currency markets, the Indian rupee fell to a record low of 74.5075 (intra-day) against the US dollar.

Rupee dives 54 paise to 73.87 against dollar

The Indian unit had clocked its first gain after falling for five sessions on Thursday.

RBI cuts repo rate to lowest ever: Full text of Governor's speech

Market bulls out of ICU, but still in quarantine

The rebound follows largest single-day drop on Wall Street since Black Friday in 1987.

Covid-19 scare has spared rupee so far, shows report

What’s even more remarkable is that China, the epicentre of the viral outbreak that’s sinking financial assets from Jakarta to Johannesburg, fared better.

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 settles 6 paise lower at 71.37 against US dollar

The domestic unit had settled at 71.31 against US dollar on Thursday.

Rupee settles 6 paise higher at 71.59 against dollar

The rupee consolidated in a narrow range as gains were restricted by sustained foreign fund outflows and robust selling in domestic equities.

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.

Investors trim bearish bets on yuan after Fed cut, stay wary of volatility

Short bets on the Thai baht also rose, after Bank of Thailand vowed to act following the Fed’s cut.

Gold tumbles Rs 954 on strong rupee, global cues

Silver prices also fell by Rs 80 to Rs 49,990 per kg from Rs 50,070 per kg on Monday.

Sebi paves the way for rupee derivatives trade at IFSC

The move will benefit Indian bourses at IFSCs by bringing rupee trading to the country, as such derivative contracts are presently dominated by exchanges in Dubai and Singapore.

Gold soars Rs 953 on weaker rupee, global cues

Gold prices soared Rs 953 to Rs 44,472 per 10 gram in the national capital.

What changed for D-Street while you were sleeping

Asian markets traded weak this morning, but Nifty futures in Singapore signaled the possibility of a positive start on Dalal Street.

Rupee slips 24 paise to settle at 71.56 against US dollar

The 10-year government bond yield was at 6.39 per cent.

Rupee settles 10 paise higher at 71.30 against dollar on easing crude prices, weak dollar

At the interbank foreign exchange market, the local currency opened on a positive note at 71.36.

Ahead of Market: 12 things that will decide stock action on Friday

Nifty saw its biggest-ever fall in history, cracking below the 9,600 mark in a brisk selloff.

Rupee rises 25 paise to 71.33 against US dollar

Forex traders further said easing crude oil prices supported the local unit.

GIFT City to begin trading in rupee-dollar in futures market

The central bank Monday issued directions for currency derivatives in any currency pair involving the Indian Rupee in international financial centres.

Rupee gains 20 paise to settle at 71.65 against US dollar

​​At the interbank forex market, the local currency opened at 71.76 to the US dollar.

Rupee slides 10 paise to over 1-month low of 71.64 against US dollar

At the interbank foreign exchange market, the local currency opened at 71.75.

Asia FX sentiment weakens; bearish bets pile on Singapore dollar: Poll

Short positions on the Singapore dollar were at their highest since late August 2019.

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.

Gold prices drop Rs 396, silver falls Rs 179

Silver prices also dropped Rs 179 to Rs 46,881 per kg from Rs 47,060 per kg on Tuesday.

Rupee edges 5 paise higher on stable crude prices

The dollar index rose 0.02% to 99.14.

Macro data, coronavirus impact key drivers for markets this week: Analysts

Industrial production and retail inflation data is due on Wednesday, while WPI inflation numbers will be released on Friday.

Rupee jumps 26 paise on forecast of GDP growth revival

Chief Economic Adviser K V Subramanian said the Indian economy has bottomed out and it will see an uptick from here on.

Rupee settles nearly flat at 71.24 against US dollar

At the interbank foreign exchange market, the local currency opened at 71.25.

Rupee slips 14 paise against dollar in early trade

The Indian rupee on Tuesday had closed at 70.87 against the dollar.

What changed for D-Street while you were sleeping

Here’s breaking down the pre-market actions.

Rupee drops 7 paise to 71 against dollar in early trade

The Indian rupee on Thursday had closed at 70.93 against the dollar.

International bullion exchange to be set up at IFSC in GIFT City: Finance Minister

IFSC has the potential to become a centre of international finance and high end data processing, the minister added. It has 19 insurance entities and 40 banking entities. IFSC has also provided for setting up of precious metals testing laboratories and refining facilities.

Rupee back to winning ways, up 5 paise on easing crude prices

The rupee on Tuesday had closed at 70.87 against the US dollar. ​

Air India has dues of over Rs 822 crore towards VVIP charter flights: RTI

In its RTI response provided on Wednesday to Commodore Lokesh Batra (retd), who sought to know the latest data on outstanding bills of Air India, the carrier said as on November 30, 2019, Rs 822 crore were pending towards VVIP charter flights. It also said an additional Rs 9.67 crore towards evacuation operations and Rs 12.65 crore towards ferrying foreign dignitaries were also pending.

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.

Rupee rises 7 paise to 71.24 on bullish stock market

Forex traders said rupee consolidated in a narrow range as market participants are assessing the economic implications of the coronavirus outbreak and awaiting cues from the Union Budget.

What changed for D-Street while you were sleeping

Here’s breaking down the pre-market actions.

Marc Faber says coronavirus not behind global market selloff

For the last nine months, the economics statistics coming out of Asia have pointed out to a meaningful slowdown in economic activity, says the author of Gloom, Boom & Doom Report

Rupee ends unchanged at 71.28 against US dollar

The domestic unit had settled at 71.30 against the American currency on Monday.

Rupee starts New Year on positive note, rises 7 paise to 71.29 vs US dollar

The Indian rupee on Tuesday had closed at 71.36 against the dollar.

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.

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

Gold prices plummet Rs 766, silver tumbles Rs 1,148

The precious metal had closed at Rs 41,400 per 10 gram on Wednesday.

Rupee recoups day's losses, settles 12 paise higher against dollar

At the foreign bank exchange, the domestic unit opened significantly lower at 72.05 per dollar.

Gold prices jump Rs 485 on weaker rupee, geo-political tensions

Silver also jumped by Rs 855 to Rs 49,530 per kg from Rs 48,675 per kg on Tuesday.

Rupee regains 11 paise against US dollar amid ease in US-Iran tussle

The rupee opened on a positive note at 71.73 against the US currency.

Rupee gains 11 paise against US dollar on crude oil, FII boost

At the interbank foreign exchange market, the local currency opened at 71.24.

What checked Rupee's loss amid global tensions

“There is a line-up of inflows from external commercial borrowings and share sale expectations, which will keep the rupee under check despite global uncertainties and local deteriorating macros,” said Ashhish Vaidya, treasurer at DBS Bank India.

Rupee drops 15 paise to 71.08 against dollar

During the week, the domestic unit lost 14 paise.

What changed for D-Street while you were sleeping

Amid all these negatives, Nifty futures in Singapore hinted at a rebound for domestic stocks.

Rupee ends 6 paise lower against dollar on crude price rise

On Wednesday, the local unit had settled at Rs 70.97 against the greenback.

Rupee depreciation from Middle East events may not help exports: EEPC

The analysis of the trade data till November, 2019 during the current fiscal pointed towards quite a few months when the rupee saw a depreciation but exports did not go up; rather a declining trend was witnessed. For instance, while depreciating rupee for April, May, June, July and August should have helped engineering exports to grow, reverse happened in this period.

Rupee falls for third day as China virus fears spread

The domestic currency has lost 24 paise in the last three trading sessions.

RBI revises framework on currency swap arrangement for SAARC nations

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

Gold price hits record high of Rs 42,000 level in spot market

Gold rose by 2 per cent to record levels amid a rush to invest in safe-haven assets.

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 slips 4 paise to 71.78 against US dollar in early trade

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

Rupee settles 28 paise down at 70.97 against US dollar

The local unit finally settled at 70.97, down 28 paise over its previous closing.

Rupee logs 4th straight gains, spurts 27 paise

On a weekly basis, the rupee gained 86 paise or 1.19 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.

Rupee surges 48 paise as US-Iran tensions ease

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

Global price rally may reduce rubber imports further

Rubber imports fell 18 per cent year-on year in April-October 2019, according to Rubber Board data.

Rupee settles 3 paise down at 71.11 against dollar

Forex traders said the drop in the rupee was largely due to a spurt in crude oil prices following rising tensions in the Middle East and North Africa.

What changed for Market while you were sleeping

Nifty on Monday formed a bearish candle on the daily chart for the third straight session.

Budget, RBI policy, Q3 earnings among key factors that may guide D-Street this week

Over 700 companies will announce their financial results for the December quarter this week.

Rupee drops 11 paise to 70.93 on dollar demand

Forex traders said forex outflows and rising crude oil prices also weighed on the domestic currency.

Rupee settles 10 paise lower at 71.81 against USD

On Tuesday, the local unit had settled at 71.71 against the greenback.