Mumbai: Weakness in the global markets and the domestic currency due to the US Fed rate hike along with profit booking pulled the Sensex down close to 700 points on Friday. BSE Sensex settled 689.60 points or 1.89 per cent lower at 35,742.07 after touching an intra-day high of 36,483.49[Read More…]
Tag: Indian Rupee
Sensex plunges over 550 points amid global sell-off
Mumbai: Sustained weakness in global markets due to the US Fed rate hike along with profit booking after seven straight sessions of gains sent the Sensex plunging over 550 points on Friday. At 2.19 p.m., the S&P BSE traded 555.57 points or 1.52 per cent lower at 35,876.10 after touching[Read More…]
Rupee slips to new low, touches 74.46/$
Mumbai: The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning session on Thursday. –IANS
Indian rupee has slipped into coma: Yashwant Sinha
Ahmedabad: Former Finance Minister and former BJP leader Yashwant Sinha said here on Tuesday that the economic turmoil in the country had sent the Indian rupee into a coma. Speaking on the Rashtra Manch platform, formed early this year, Sinha said: “Narendra Modi, when he was the Gujarat Chief Minister,[Read More…]
Fund outflows, oil prices to sink rupee further; 75-mark in sight
Mumbai: The Reserve Bank of India’s (RBI) stance, along with an expected hike in the US lending rates and high crude oil prices are expected to further exert pressure on the Indian rupee in the coming week, experts say. In addition, the continuous outflow of foreign funds from the equity[Read More…]
Rupee touches new all time low at 73.77/$
Mumbai: The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning. It stood at 73.77 (73.7688) to a dollar — the lowest ever mark — it has touched against the greenback. It opened the day’s trade at the Inter-Bank Foreign Exchange Market[Read More…]
What is Masala Bond? How can it help the falling rupee?
In a meeting chaired by Prime Minister Narendra Modi on Friday, Finance Minister Arun Jaitley said that the government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices. Addressing the media after attending a meeting to[Read More…]
BJP supporters indulge into cat-fight among themselves over rising petrol prices under Modi governance
While the nation faces the fury of rising Rupee mark and increasing petrol prices in the Modi-led BJP governance, two of the party supporters – Sanju Verma and Sonam Mahajan – get into a heated argument among themselves on national television, debating over the failure or success of Narendra Modi’s[Read More…]
Rupee hits 71 mark first time ever, slides 26 paise against Dollar
As the Rupee fall continues, Indian currency opens at a fresh low on Friday morning. The rupee slides 71 mark to the US dollar for the first time ever. Falling 26 paise down to a new record low of 71.0013 against the USD during Friday morning trade, rupee grows fear[Read More…]
Rupee opens lifetime low at 70.82, falls 23 paisa against US dollar
Indian Rupee continued its free fall on Thursday August 30. The currency weekend by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows. At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad[Read More…]
Despite falling rupee, India in exceptional period of stability: Finance Ministry official
As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through “an exceptional period of stability”. The official said if one takes the long-term view, the rupee is not depreciating[Read More…]
Rupee might stabilise very soon, at 68.69 a dollar: Subhas Chandra Garg
The Indian rupee, which has been depreciating against the dollar on account of external factors, will “stabilise” soon with the fundamental equation for trade unchanged, an official said here on Saturday. “This breaching of 70 (mark) was on account of external factors largely on what happened in Turkey. Our fundamental[Read More…]
Rupee continues its free fall, record low of 70.32 a dollar
Downslide of Indian rupee continues to hit fresh records as it slumped 43 paise against the American dollar to trade at a life-time low of 70.32 on Thursday, August 16. Experts believe that the rupee is unlikely to recover soon. At the Interbank Foreign Exchange, the rupee opened at a[Read More…]
Rupee vs Dollar: Modi-supporters Chetan Bhagat, Sri Sri silent as Rupee falls
Screenshots of Twitter posts by author Chetan Bhagat and spiritual guide Ravi Shankar have become a weapon for social media army to criticise the Narendra Modi government following drastic fall of Indian Rupee, recording low of 70.09 against US Dollar. On Monday, the rupee had plunged by Rs 1.08, or[Read More…]
Indian Rupee records low, closes near 70 a dollar
Broadly negative global cues along with weakness in the Indian Rupee and caution ahead of the release of macro-economic inflation data point subdued the key Indian equity indices on Monday. The Rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers. At 3.30[Read More…]
Indian rupee records lowest in history, ends below 69.05 per dollar
Domestic political uncertainty a day ahead of a no-confidence motion against the central government weakened the Indian rupee to its record low level against the US dollar on Thursday. Accordingly, the Indian rupee weakened by 42 paise against the US dollar to close at 69.05 on Thursday, from its previous[Read More…]