Jamal Mecklai's View On Rupee
Mar 15, 2017
On March 30, 2017 17:09 (IST)
The gains have been more pronounced since February 8, the day the RBI in a surprise move decided to keep interest rate unchanged and also signalled a change in its policy stance from "accommodative" to "neutral" .
On March 29, 2017 12:41 (IST)
Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following the decision to outlaw 500 and 1,000 rupee banknotes.
On March 29, 2017 12:21 (IST)
The rupee rose to as high as 64.91 per dollar, its strongest level since Oct. 28, 2015 and was last trading at 64.94/95, compared with its 65.0350 close on Monday.
On March 27, 2017 19:18 (IST)
Heightened volatility in greenback characterised foreign exchange market sentiment following the failed passage of the US healthcare reform through the US Congress last weekend.
On March 27, 2017 14:18 (IST)
Rupee also gained from strong $6.1-billion foreign investment into debt and equities this month.
On March 27, 2017 11:38 (IST)
Minister of State for Finance Arjun Ram Meghwal had told Parliament on Friday that the government is not planning to print Rs 5,000 and Rs 10,000 currency notes.
On March 26, 2017 20:22 (IST)
The rupee is trading at around 65.40 as against 67.90 in the beginning of January.
On March 24, 2017 19:50 (IST)
Foreign portfolio investors (FPIs) bought shares worth a net Rs 1,094.44 crore yesterday, as per stock exchanges data.
On March 24, 2017 17:05 (IST)
Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.
On March 22, 2017 19:09 (IST)
All notes in the denomination of Rs 10 issued by the bank in the past will continue to be the legal tender, RBI said.
On March 21, 2017 19:14 (IST)
A weak dollar in overseas markets largely supported the upmove despite a sell-off in local stocks.
On March 20, 2017 19:54 (IST)
Forex dealers pointed to the recent improvement in sentiment as the impetus for the renewed vigour.
On March 20, 2017 11:12 (IST)
The rupee has gained about 2 per cent to a 16-month high in March after PM Modi's landslide state election win, outperforming its Asian peers and all but five of the world's emerging-market currencies.
On March 17, 2017 19:14 (IST)
The rupee had surged to a 16-month high of 65.41 per dollar yesterday after a four-day rally in the currency stoked by the BJP's win in the key state of Uttar Pradesh.
On March 17, 2017 14:58 (IST)
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
On March 16, 2017 16:00 (IST)
The Sensex closed 187.74 points or 0.64 per cent higher at 29,585.85 and the Nifty50 index settled 68.9 points or 0.76 per cent higher at 9,153.7.
On March 16, 2017 17:09 (IST)
The Fed's tempered rate outlook has eased worries of a fresh burst of capital outflows from emerging economies such as India.
On March 16, 2017 10:17 (IST)
The Nifty rose to a fresh all-time high of 9,152 while Sensex gained as much as 217 points.