Tuesday, 18 January, 2022

Topic: Dollar

Rupee rises 30 paise to 75.65 against US dollar in early trade

Forex traders said a positive start of domestic stocks supported the local unit, while it was affected by sustained foreign fund outflows and concerns over Covid-19 crisis.

Rupee drops 25 paise to 76.31 against US dollar in early trade

Forex traders said market sentiment weakened after a potential antiviral drug for coronavirus cure reportedly failed its first trial.

Rupee drops 70 paise to 74.96 against US dollar in early trade

Traders say there is a sense of anxiety among investors as they see the global as well as domestic economy plunging into a deep crisis due to COVID-19 pandemic.

Indians are not buying underwear. That’s how bad the economy is

Manufacturers and industry experts say small retail shops, hit hard by demonetisation & GST, aren’t buying stocks and are delaying payments.

India must overhaul its foreign exchange market to boost export, balance out trade deficit

Achieving a market-driven realistic exchange rate mechanism for the dollar was one of the key policy goals of the 1990-91 economic reforms in India.

Borrowing abroad is bold, but India first needs to produce data that lenders can trust

Cost of borrowing will go up if foreign lenders mistrust India’s budget estimates, off-budget borrowing or fear payment could be delayed to achieve annual targets.

Modi victory makes rupee a double-edged sword for RBI

RBI may have to rein in the rupee as foreign inflows are rising after election results and risk making Indian exports less competitive.

Pakistani rupee sinks to new low of 150/dollar as IMF bailout conditions begin to bite

Pakistan’s economy is on the brink of collapse, and the IMF sanctioned a $6 billion loan last week on the condition that the rupee be left to perform freely.

Rupee’s advance seems to be causing some discomfort for RBI

The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.

RBI is unlikely to change interest rate in monetary review on 5 December

Since the previous policy announcement, the rupee has appreciated against the US dollar and moved above the crucial mark of 70.

On Camera


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