Rupee Value

The rupee’s tumble to a succession of record lows is sparking fears of a deeper sell-off and pitting the central bank against analysts and strategists who are predicting further losses.

Exclusive | Widening trade deficit again on PMO radar, steps being discussed: Sources

Fuelled by rising commodity prices and a weakening rupee, India's trade deficit shot up to $190.7 billion in FY22. Fears of this continuing this year have led policymakers to plan steps to reduce imports and boost exports.

Rupee dives 18 paise to fresh lifetime low of 78.22 per USD

On Wednesday, the rupee fell 18 paise to 78.22 against the US dollar, a fresh all-time low, as a lacklustre trend in domestic equities and continued foreign money outflows impacted on market morale.

Rupee pares initial losses, settles 3 paise up at 74.26/USD in first trading session of 2022

On the domestic equity market front, the BSE Sensex ended 929.40 points or 1.60 per cent higher at 59,183.22, while the broader NSE Nifty advanced 271.65 points or 1.57 per cent to 17,625.70.

'Irrational sentiment' impacting rupee value: FinMin

The Finance Ministry on Wednesday described the sharp fall in the value of the rupee as a reflection of "irrational sentiment" and said there is no need for panic.

RBI's hand is probably behind the rupee swing

The rupee slid to a two-week low mid-trade on oil importer buying and weak equities. The Indian currency however ended flat on the back of reported dollar sales by RBI.