TAG: Rupee
Rupee declines 2 paise to close at record low of 83.72
Rupee slipped to its weakest level on July 26 after the currency dipped two paise to end at a record low of 83.72 against the US dollar.The currency was pressured by dollar demand from local oil companies, custodial banks and tepid risk sentiment.The curr...
2 months ago
Short-term pressure on rupee unlikely to affect exports: Experts
The rupee is likely to witness more pressure in the short term which may push the currency further beyond Rs 84 against the dollar, but it will not accord an advantage to the country’s exports, according to experts.“In the near term, it will stay in the R...
2 months ago
Rupee may have room to depreciate despite record low; REER data shows overvaluation
Despite the steep fall on August 6, the Indian rupee may still have more room to depreciate, according to the real effective exchange rate (REER) data released by the Reserve Bank of India (RBI).But the central bank may not have appetite for such deprecia...
2 months ago
RBI to hold the policy rate in October meeting; 25 bps cut likely in December: MC Poll
Reserve Bank of India will likely not give in to calls for a rate cut following the US Federal Reserve’s decision to slash the policy rate by 50 bps on September 18, according to a Moneycontrol poll of 17 economists.The median forecasts in the Moneycontro...
3 weeks ago
Rupee fall not alarming, part of gradual depreciation due to global uncertainty: Economists
Economists have downplayed concerns over the recent depreciation of the rupee, emphasising that it is part of a broader, gradual trend driven by global uncertainties rather than a sudden or alarming shift.On Friday, the rupee crossed the 84 mark, reaching...
2 days ago
Rupee to stay over 84 against the dollar by FY25 end: MC Poll
The Indian rupee is likely to stay over Rs 84 against the dollar till December, depreciating further to Rs 84.1 by the end of the fiscal, according to a Moneycontrol poll of 19 economists.The rupee slipped below 84 against the dollar for the first time la...
4 hours ago