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Rupee drops 29 paise to 72.49 against US dollar

Forex dealers said the greenback's strength against other currencies overseas, after reports that China had cancelled upcoming trade talks with the US, weighed on the Indian rupee.

published on : 24th September 2018

Government steps to boost capital inflow unlikely to reverse rupee fall: Moody's

The Indian government estimates that the measures like allowing Indian banks to become market-makers, will increase capital inflows by USD 8-10 billion, or 0.3-0.4 per cent of GDP in the next year.

published on : 24th September 2018

Markets to take cues from NBFCs, crude prices & rupee

Markets will also take global cues from the US Federal Open Market Committee’s (FOMC) decision on interest rates, while developments in the US-China trade war will be closely monitored.

published on : 24th September 2018

Citizens want import tariff on gold hiked to arrest rupee slide

About 67 per cent people participating in an online poll said import duty on gold and diamond should be increased while 37 per cent favoured import restrictions on the same.

published on : 23rd September 2018

Subramanian Swamy claims Rupee fall due to black money leaving India

The rupee is the worst performing emerging market currency having lost almost 14 per cent since January this year.

published on : 23rd September 2018

Sagging rupee may spur price hike by Toyota, Mercedes

Earlier this month, Honda Cars India said it may have to go for yet another price hike due to the falling rupee.

published on : 23rd September 2018

Delhi BJP pledges to work for winning all seven Lok Sabha seats in 2019

Manoj Tiwari pointed out that party's concern has increased as the Monitoring Committee has imposed a condition of depositing one lakh rupees with the de-sealing application.

published on : 22nd September 2018

Rupee continues to battle macro fatigue; hits new life low

Panic dollar demand from importers and speculative traders sent the home currency sinking to a historic low of 72.99.

published on : 22nd September 2018

RBI unlikely to hike repo rate in October despite weak rupee: Nomura study

The economists gave a 60 per cent probability for RBI staying on hold, they said, adding that "one cannot rule out" a hike on currency weakness and higher oil prices.

published on : 21st September 2018

India may lock in crude oil prices in future to stem rupee slide

The rupee, Asia's worst performing currency this year, has depreciated about 12 per cent year-to-date against the U.S. dollar, closing at 72.39 on Wednesday, after a record low of 72.99 on Tuesday.

published on : 21st September 2018
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