Expect Rupee To Depreciate In 2017: Qi Gao
Jan 11, 2017
Rupee Outlook For 2017
Jan 10, 2017
On February 18, 2017 15:53 (IST)
According to the Edelweiss Forex rates annual currency outlook 2017, the outperformance of the rupee is unlikely to continue and US weak dollar policy can create some downside pressure on USD/INR in the near term.
On February 09, 2017 14:23 (IST)
The Reserve Bank's decision not to cut key policy rates is slightly negative for Indian equities and rupee in the near term, says a Nomura report.
On February 01, 2017 20:52 (IST)
Forex market sentiment turned highly buoyant after Finance Minister Arun Jaitley announced a fiscal deficit target that was in line with estimates along with proposal to further liberalize FDI policy.
On January 31, 2017 19:40 (IST)
Expectations of an economically balanced Budget by sticking to its fiscal consolidation path which will give room for the Reserve Bank of India to cut key rates along with robust capital inflows predominantly weighed on the local unit, despite a massive selloff in equities.
On January 09, 2017 18:50 (IST)
Forex market sentiment turned little shaky following lower economic growth projections stoked worries about its ability to meet its year-end growth target.
On January 09, 2017 09:37 (IST)
Sustained capital outflows and dollar's strength against some other currencies overseas also weighed on the local unit but a higher opening in the domestic equity market limited the rupee's fall, forex dealers said.
On January 04, 2017 19:25 (IST)
This is the biggest single day gain in one month. A weak dollar sentiment across the board alongside unwinding of long positions by speculative traders ahead of key US macro data release largely supported the recovery momentum, a forex dealer said.
On January 03, 2017 21:01 (IST)
Resurgent greenback against other currencies overseas alongside uninterrupted capital outflows predominantly kept forex market sentiment shaky for the second straight day.
On January 02, 2017 12:24 (IST)
Besides, the dollar's gain against major world currencies and a weak trend at the domestic equity market also left its mark on the rupee.
On December 19, 2016 10:44 (IST)
Staging a strong recovery, the rupee on Friday had gained seven paise to end at 67.76 against the American currency, a day after succumbing to pressure created by the Federal Reserve's rate hike.
On December 16, 2016 18:09 (IST)
The Indian rupee, which stood at 66.62 to a dollar on November 8, was trading at 67.81 in trade on Friday.
On December 09, 2016 18:59 (IST)
Renewed demand for the dollar from banks and importers alongside some caution ahead of macroeconomic data largely weighed on trade.
On November 30, 2016 20:03 (IST)
The rupee continued its strong recovery momentum for the second day, surging by 27 paise to end at 68.38 against the US currency even as a powerful dollar rally remained unabated globally.
On November 30, 2016 09:51 (IST)
Indian markets struggled in early trade today amid strong selling pressure in metal stocks. The overall market mood remained cautious ahead of September quarter GDP data, which will be released later in the day.
On November 29, 2016 19:27 (IST)
The Indian rupee staged a modest recovery from its fresh 2016 low and ended 11 paise higher at 68.65 against the US currency, largely helped by some dollar selling from banks and exporters.
On November 27, 2016 12:11 (IST)
The rupee is expected to see further depreciation in the coming months and may breach the 70-level by December and touch 72.50 by the end of 2017, says a Deutsche Bank research report.
On November 25, 2016 15:44 (IST)
Currencies from the Indian rupee to the offshore version of the Chinese yuan have hit record lows to the greenback this week, and if history is a guide, another year or two of pain lies ahead for them.
On November 25, 2016 13:07 (IST)
The rupee fell to a record low of 68.8650 on Thursday, pressured by a rallying US dollar, capital outflows from emerging markets, and worries about the government's demonetisation drive.