rupee depreciation

Earlier this week, the Reserve Bank of India (RBI/ Central Bank) increased the interest rate by 50 basis points. An increase of around 35 bps was largely expected by the market given the recent data on inflation. The market was,…

The MPC voted to raise the repo rate by 50 bps to 5.4 per cent (on expected lines) while remaining focused on the withdrawal of accommodation. Consequently, the Standing Deposit Facility (SDF) rate was increased to 5.15 per cent and the…

Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation, economists said. There is widespread…

Prices of Californian almonds, Washington apples, imported cherries, kiwis and berries have shot up by up to 15% due to the rupee depreciation, thereby hurting domestic demand that had gone up after the second wave of Covid-19. Prices of…

MUMBAI: The rupee declined 13 paise to close below the 80 mark for the first time against the US currency on Wednesday due to strong dollar demand from importers amid high crude oil prices. At the interbank foreign exchange market, the…

NEW DELHI: Chief Economic Advisor (CEA) V Anantha Nageswaran on Wednesday said that the depreciation of the rupee against the US dollar has been lower than other major global currencies such as the Euro, the British pound and the…

Attributing the slide in rupee and other currencies against the US dollar to the aggressive monetary tightening by the US Federal Reserve, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday that the depreciation of the…

The Centre and the Reserve Bank of India (RBI) have been taking steps to attract capital inflows so the rupee's depreciation against the dollar is smooth and gradual, government officials said. They pointed out that the dollar has…

"Rupee depreciation inline with all emerging market currencies. Indian rupee has its eyes set on the 81 to the dollar mark in the near term," says Sugandha Sachdeva, Vice President - Commodity and Currency Research, at Religare Broking…

NEW DELHI: The rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen. The primary and…