Revival in FPI inflows likely to ease pressure on rupee
INR closed marginally lower at 83.55 against the U.S. dollar on Friday, hovering near its lifetime low of 83.57, amid intervention by the RBI.
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Why A Weak Rupee Looked Strong In CY23
Rupee saw the least percentage fall on buoyant FPI flows and benign crude, but an encore will depend on Fed rate cuts and oil staying lower.
Budget 2024: Rupee Weakens At A 22% CAGR Against US Dollar Since FY2012
Dollar-rupee to trade in ₹82-84 IN 2HFY24.
From Q3 earnings to global trends: 5 factors to guide market this week
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
IMF reclassifies India's exchange rate regime on forex interventions
The RBI strongly disagrees with IMF's assessment that FXI likely exceeded levels necessary to address disorderly market conditions.
Will Sensex, Nifty snap 7 sessions gaining streak? Dr Reddy’s, Bharti Airtel, M&M, IRCON stocks eyed
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
The Rupee Got Its Mojo Back!
The rupee is holding strong against the dollar index compared with six major currencies in Asia.
RBI asks banks to settle U.A.E. trade in rupee: Report
This comes a month after PM Modi and U.A.E. President discussed developing the local currency settlement system between the two countries to settle bilateral trade.
4 neighbouring countries, Iran, Russia trading in INR with India: Govt
With Russia, India has initiated "rupee trade mechanism" for trade in INR; with Iran, bilateral trade payments arrangement was adopted in 2018, says govt
Paying for Russian oil in Yuan will hurt globalisation of Rupee
Indian oil refining firms paying in Yuan for Russian oil may be inevitable but would open a floodgate to weaken INR further; Brazil, B'desh, and Argentina shifting to Yuan trade is a big threat too
