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Indian Rupee

Indian rupee drops to record low, tracking Asian peers

Indian rupee drops to record low, tracking Asian peers

Fri, Nov 10, 2023

Rupee hits record low of Rs.83.42/$. Why was there a sudden decline in the rupee?

What Is E-Rupee and How is it Different From UPI? | Explained

What Is E-Rupee and How is it Different From UPI? | Explained

Fri, Sep 15, 2023

India's central bank digital currency (CBDC), e₹, is still in the pilot phase, but it has the potential to revolutionise the way we pay for goods and services. In this video, we explain what e₹ is, how it works, and who can use it. We also discuss the key differences between e₹ and UPI, and how e₹ can be used to make payments.

Rupee vs dollar in times of coronavirus: INR slips 32 paise to 75.21 amid scare

Rupee vs dollar in times of coronavirus: INR slips 32 paise to 75.21 amid scare

Mon, Mar 30, 2020

The rupee opened weak at 75.17 at the interbank forex market and then fell further to 75.21, down 32 paise over its last close. The rupee had settled at 74.89 against the US dollar on Friday.

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Your rupee is worth even less today! Value plunges to historic low

Your rupee is worth even less today! Value plunges to historic low

Mon, Sep 10, 2018

The Indian rupee today slumped to a fresh record low of 72.18, falling 45 paise against the US dollar, while opening at record low of 72.15 a dollar from its previous close of 71.73 at the Interbank Foreign Exchange (Forex) market. The domestic currency breached its previous record low of 72.11 hit on September 6.

Rupee outlook: This is what will keep Indian currency under pressure

Rupee outlook: This is what will keep Indian currency under pressure

Mon, Sep 10, 2018

Since mid-August 2018, dollar-rupee has continued to trend higher and last week we saw the pair crossing the 72 mark. This move has been on the back of a broad emerging market currency selloff affected by dollar strength, trade tensions and a sudden spike in oil price bringing India into focus.

Doomsday scenario? Rupee to haunt RBI, economy, govt, if not saved from free fall

Doomsday scenario? Rupee to haunt RBI, economy, govt, if not saved from free fall

Fri, Sep 07, 2018

Today, the Indian rupee is trading at 71.855 down by 0.13% against the US dollar, however, since the start of trading session, it has touched a low of 72.015.

Indian Rupee opens on positive note, up 4p higher against US$

Indian Rupee opens on positive note, up 4p higher against US$

Fri, Sep 07, 2018

The positive sentiment in Indian rupee today is due to slight weakness seen in the American unit against some currencies including yen on fears that US President Donald Trump would take up trade issues with Japan.

Indian Rupee creates wrong kind of history, plunges at warp speed to lowest ever

Indian Rupee creates wrong kind of history, plunges at warp speed to lowest ever

Fri, Sep 07, 2018

The rupee on Thursday slipped below 72-mark against the US dollar for the first time, hitting a record low of 72.10 amid sustained foreign fund outflows and widening current account deficit. It just took the unit less than a week to hit the milestone from 71 a dollar last Friday.

Rupee tumbles for 7th day; breaches 72-mark on global headwinds

Rupee tumbles for 7th day; breaches 72-mark on global headwinds

Thu, Sep 06, 2018

The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit. Besides, escalation in global trade war tiff too weighed on sentiments. But primarily it was weakness in emerging market currencies overseas which boosted the dollar, resulting in a duress for the domestic currency.

Rupee outlook: Indian currency to languish around 70 per $ a year from now, says poll

Rupee outlook: Indian currency to languish around 70 per $ a year from now, says poll

Thu, Sep 06, 2018

India`s battered rupee, which has lost more than 12 percent this year, will hover near record lows on a worsening trade balance and at best only pare some of those losses in the coming 12 months, a Reuters poll found.

Indian rupee plunges further, now breaches 72 mark against US$ for first time

Indian rupee plunges further, now breaches 72 mark against US$ for first time

Thu, Sep 06, 2018

The falling rupee, in turn, pushed bond yields up with investors fearing the fallout of weaker currency on inflation in the economy. Finance Minister Arun Jaitley, however, on Wednesday said that external factors have caused the depreciation of the rupee.

Indian rupee rescued from falling under 72/$; Cost? About $2 billion

Indian rupee rescued from falling under 72/$; Cost? About $2 billion

Thu, Sep 06, 2018

The Reserve Bank of India (RBI) sold nearly $1.5-2 billion on Wednesday to save rupee from record low of Rs 71.95/$1, hit during intraday trade Wednesday, dealers said.

Arun Jaitley: Global factors behind rupee fall, no need for knee-jerk reaction

Arun Jaitley: Global factors behind rupee fall, no need for knee-jerk reaction

Thu, Sep 06, 2018

Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation.

Xiaomi set to hike prices? Should you buy now?

Xiaomi set to hike prices? Should you buy now?

Wed, Sep 05, 2018

After the launch event, Xiaomi India Head (Category and online sales) Raghu Reddy told PTI, “The prices (of phones launched) do take into account the impact…the rupee is at about 71, it takes into account that. This is an introductory price with Diwali coming up. Post that (Diwali), we will evaluate.”

Price rise alert: From gold, chocolates to Xiaomi phones- Things likely to cost you more

Price rise alert: From gold, chocolates to Xiaomi phones- Things likely to cost you more

Wed, Sep 05, 2018

The rupee depreciation continued Wednesday, with the US dollar ending higher against the Indian rupee at 71.75/76 per dollar at the close of the Interbank Foreign Exchange (forex) market.

Rupee at all-time low; The currency's free fall may impact your EMIs on home, personal and education loan; here’s how

Rupee at all-time low; The currency's free fall may impact your EMIs on home, personal and education loan; here’s how

Wed, Sep 05, 2018

The rupee has now depreciated by 6.2% since June 2018 when the RBI started hiking rates. Now it needs to be noted that, Indian rupee in free fall is not a good sign for the country for a lot of reason.

Soaring diesel, petrol prices, rupee set to hit economy; govt can do very little

Soaring diesel, petrol prices, rupee set to hit economy; govt can do very little

Wed, Sep 05, 2018

Surging fuel prices have the potential to destablise the economy as it is inflationary, can widen current account deficit, already hit by falling rupee and impact the strained fiscal deficit if tax cuts are resorted to rein in prices, say experts.

Indian rupee slumps to fresh record low of 71.79 against US dollar

Indian rupee slumps to fresh record low of 71.79 against US dollar

Wed, Sep 05, 2018

At the interbank foreign exchange market in Mumbai today, the rupee resumed higher at 71.43 against yesterday's closing level of 71.58 a dollar. The Indian unit was trading on a volatile note, moving in a wide range quoting between 71.40 and 71.79 during morning deals.

Rupee, industrial production, infra development boost this segment 10% in H1

Rupee, industrial production, infra development boost this segment 10% in H1

Wed, Sep 05, 2018

Containerised cargo segment in India witnessed a double-digit growth of 10% during the first half (January-June) of the current year. The double-digit growth is being attributed to a mix of fluctuating rupee, growing industrial production and ongoing infrastructure developments in the country.

Rupee crisis, soaring fuel price set to hit you hard

Rupee crisis, soaring fuel price set to hit you hard

Wed, Sep 05, 2018

On rupee, technical indicators show currency fell too far, too fast; it is likely to cause a backlash that will hit the public

Indian rupee set to plunge to 72; will hit students, travellers, importers hard

Indian rupee set to plunge to 72; will hit students, travellers, importers hard

Wed, Sep 05, 2018

Indian rupee falls 37 paise to hit record low of 71.58 against the US dollar; set to pinch students, travellers and importers hard

Sensex logs 5th straight day loss as rupee woes continue

Sensex logs 5th straight day loss as rupee woes continue

Tue, Sep 04, 2018

The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.

Indian rupee tumbles by 37 paise to a fresh low of 71.58 against US dollar; may decline further, says SBI

Indian rupee tumbles by 37 paise to a fresh low of 71.58 against US dollar; may decline further, says SBI

Tue, Sep 04, 2018

Rising crude oil prices and negative global cues have hit rupee hard.

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