Rupee

MUMBAI: The rupee weakened at the open on Thursday and was trading just shy of its lifetime low hit earlier this week, tracking losses in most other Asian peers but traders expect dollar-selling intervention by the central bank to limit…

Mumbai: The recent announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts. Earlier this month, RBI…

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…

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The rupee has had a weakening bias because of India's consistent current account deficits (imports exceed exports). Corrections in exchange rate happen sporadically and that is when Indians feel the pain. But the impact is not uniform…

MUMBAI: The rupee treaded water in morning trade on Wednesday as gains in the domestic share market and slight falls in global crude oil prices failed to wipe out concerns around a global dollar shortage. The US dollar retreated on…

NEW DELHI: The Indian Rupee's sharp fall is proving to be the latest hurdle in the desi globetrotters' travel plans post Omicron. While current international airfares are anyway more than double pre-Covid levels, all dollar-denominated…

The Reserve Bank of India (RBI) and the Centre could take a series of one-off measures to halt the rupee's slide. These may include curbs on imports of non-essential goods, reduction in thresholds on aggregate overseas investments by…

Mumbai: Twenty-four-year-old Jay Barot, who is set to join Vanderbilt University in Tennessee to pursue MS in computer science, is feeling a price pinch even before leaving for the US with the rupee tumbling to an all-time low of 80…