Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), recently shared his views on the rupee’s depreciation against the US dollar at the World Economic Forum (WEF) in Davos.
The rupee dropped by 40 paise to 74.08 against the US dollar in early trade Wednesday, amid increased demand of the American currencies from importers and sustained foreign fund outflows.
The key Indian equity indices opened in the negative territory on Monday, tracking broadly negative cues in the global markets and also due to a weakening rupee.
Around 10 a.m. the Indian rupee was pegged at 70.97-98 to a US dollar after it touched 71 to a US dollar -- the lowest ever mark -- against the greenback.
The rupee weakened by 13 paise to 70.24 against the US dollar in opening trade today on increased demand for the American currency from importers and banks.
Rupee Dives To Near One-month Low At 68.38 As Trade War Fears Rise
According to market observers, other factors such as the ongoing quarterly results season and the direction of foreign fund flows will also impact investor sentiments.
Fluctuations in the global crude oil prices, along with the rupee’s movement against the US dollar and the upcoming macro-economic data points are expected to chart the course of the key Indian...
Donald Trump announced Tuesday that he decided to replace Secretary of State Rex Tillerson with CIA (Central Intelligence Agency) Director Mike Pompeo.
Donald Trump announced Tuesday that he decided to replace Secretary of State Rex Tillerson with CIA (Central Intelligence Agency) Director Mike Pompeo.
The rupee weakened by 3 paise to 64.07 against the US dollar in opening trade
The US dollar climbed to 0.9920 Swiss franc from 0.9907 Swiss franc
ket observers opined that the rupee’s value against the US dollar, along with crude oil prices and the direction of foreign funds, will also impact investors’ risk-taking appe
Tensions in the Middle East, coupled with the release of key macro-economic inflation data points and the ongoing quarterly results season, are expected to determine the trajectory of equity indices...
Rupee Tests 68.89 Level On A Flight To Test 70 To US Dollar
On Friday, the rupee had lost 62 paise to end at over three-month low level of 67.25 against the American currency on fears of capital outflows amid resurgent dollar overseas
According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall Forex reserves fell by $1.50 billion to $366.13 billion for the week ended October 14.
After losing 147.03 points in the last two sessions, Sensex on Thursday rebounded on fresh buying after minutes of the US Fed July meeting cooled rate hike expectations. 
The rupee on Friday appreciated further by 11 paise to 66.80 against the American currency deals on sustained bouts of dollar selling by exporters and banks amid rallying domestic equities.