Monday, 16 May, 2022
TopicRupee

Topic: rupee

Rupee is bouncing back from being Asia’s worst currency, thanks to flood into stock markets

Rupee has gained 0.6% this year against dollar, and there are signs it could keep rallying. A recovering economy & an expansive budget are luring global funds to India’s equities.

Wave of foreign money threatens RBI’s tight grip on rupee

For most of this year, RBI has capped currency gains as global investors poured around $50 billion into stocks and stakes in companies.

Rs 35,000 cr in 5 months — NRI deposits surged as overseas Indians returned due to Covid

Deposits into repatriable accounts hit five year high, but the situation is returning to normal levels as workers are going back overseas for jobs.

Why growth of India’s forex reserves is set to slow after new RBI measures

RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.

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 15 paise to 76.40 against US dollar in early trade

Forex traders said the weakness in the rupee was largely due to muted domestic equities and strengthening of the US dollar.

Rupee surges 41 paise to 76.05 against US dollar in early trade

Forex traders said the uptick in the currency counter was largely because market participants expect more stimulus measures from top central banks.

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 falls 43 paise to settle at all-time low of 76.87 against US dollar

Forex traders said the weakness in the rupee was largely due to strengthening of the US Dollar against a basket of currencies as investors fled to safe haven greenback.

Rupee settles 70 paise lower at 76.34 against US dollar

Traders said investor sentiments remain fragile amid concerns over the impact of coronavirus outbreak on the domestic as well as global economy.

On Camera

YourTurn

Pakistan Prime Minister-elect Shehbaz Sharif on 7 April | Photographer: Aamir Qureshi/AFP/Getty Images via Bloomberg

The four-point plan to revive Pakistan’s economy—from land reform to real estate

Pakistan must reduce non-productive expenditures like defence. The country's political economy has been overdetermined by the imperative of 'national security'.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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