Rupee May Head Lower: Jamal Mecklai
Oct 17, 2016
On October 25, 2016 10:37 (IST)
The rupee lost 8 paise to 66.93 against the US dollar at the forex market in the wake of increased demand for the American unit amid foreign capital outflows.
On October 24, 2016 15:45 (IST)
Mark Mobius of Templeton Emerging Markets Group has termed PM Modi's reforms as "one of the most exciting things about India".
On October 20, 2016 19:28 (IST)
The rupee snapped its two-day rise against the US dollar and ended lower by 13 paise at 66.81 on fresh bouts of dollar demand from banks and importers.
On October 17, 2016 19:45 (IST)
Extremely bullish dollar sentiment overseas backed by firm hopes of a rate hike by the Federal Reserve alongside an adverse spillover effect of $22.4 billion possible outflow in the wake of ongoing FCNR-B redemption largely added pressure on the local currency.
On October 13, 2016 18:50 (IST)
The rupee closed at fresh three-week low of 66.94 against the dollar on renewed concerns over potential interest rate hike by the US Federal Reserve.
On October 13, 2016 17:16 (IST)
Indian stocks and the rupee fell sharply today, after US Federal Reserve minutes boosted the case for higher US interest rates.
On October 13, 2016 12:40 (IST)
Indian stocks and the currency declined as trading resumed after a two-day holiday, after Federal Reserve minutes boosted the case for higher U.S. interest rates.
On October 07, 2016 09:49 (IST)
The rupee fell for the third straight day by losing 9 paise to 66.78 against the dollar at the forex market on weakening demand as the appeal of the American currency grew with importers and banks.
On October 06, 2016 19:17 (IST)
Robust demand for the American currency from importers and state-run banks alongside sustained bouts of selling in local equities added more pressure on the local currency.
On October 06, 2016 17:32 (IST)
While the consensus from more than 70 foreign exchange strategists polled over the past week was for most major Asian currencies to depreciate 1-3 per cent by this time next year, a few were even expected to make modest gains.
On October 04, 2016 20:41 (IST)
Heavy dollar selling by banks and exporters alongside debt-related inflows largely supported the rupee momentum despite buoyant greenback overseas.
On September 30, 2016 19:08 (IST)
Forex dealers said apart from selling of the American currency by exporters and banks, expectations of strong capital inflows coming into the country in the long-run due to strong economic fundamentals largely supported the rupee.
On September 30, 2016 12:25 (IST)
Foreign holdings of Indian government and corporate notes jumped by the most in two years Wednesday, amid speculation the surge resulted from the inclusion of funds raised through masala bonds.
On September 29, 2016 17:12 (IST)
Reversing a positive trend in the morning, Indian markets fell sharply after the Army today said it had conducted surgical strikes against terrorists across the Line of Control on Wednesday night.
On September 20, 2016 19:24 (IST)
The rupee turned weaker after two straight days of gains and ended below the key 67 mark in a nervous trading session on Tuesday amid uncertainty over the Federal Reserve's action on interest rate.
On September 16, 2016 18:51 (IST)
After a brief overnight fall, the rupee gained ground against the dollar and ended 5 paise higher at 66.97 on improvement in trade deficit data and easing fears of rate hike by the Federal Reserve.
On September 16, 2016 13:14 (IST)
The rupee which is currently hovering around 67 per dollar level is expected to shift from a depreciation path to a consolidative trend over the next 12 months, says a DBS report.
On September 16, 2016 10:16 (IST)
The rupee firmed up 16 paise to 66.86 against the dollar in early trade on fresh selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.