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  • Rupee likely to depreciate towards 76.50 against the dollar in FY22: IFA Global Apr 03, 2021 01:05 PM IST

    Rupee likely to depreciate towards 76.50 against the dollar in FY22: IFA Global

    We see a limited downside in US real rates from current levels and therefore we see limited room for USD weakness overall. We expect the dollar to strengthen gradually, said Abhishek Goenka of IFA Global.

  • Why is the RBI buying dollars aggressively? Jul 12, 2020 08:18 AM IST

    Why is the RBI buying dollars aggressively?

    Foreign exchange reserves have risen by $50 billion since the beginning of the year, despite a net ~ $14 billion outflow from domestic equity and debt markets in the same period.

  • RBI may continue to step in from time to time to keep rupee volatility in check May 23, 2020 01:47 PM IST

    RBI may continue to step in from time to time to keep rupee volatility in check

    We may see the range shift higher from 75.20-75.90 to 75.90-76.90 in the medium-term. In the absence of a steep USD up move globally, the central bank may continue to step in from time to time to keep volatility in check.

  • Momentum may take Rupee towards Rs 76/$ levels: Abhishek Goenka Mar 21, 2020 10:18 AM IST

    Momentum may take Rupee towards Rs 76/$ levels: Abhishek Goenka

    Technical factors suggest the current bullish momentum to continue targeting 76 plus levels. Currency depreciation pressure and falling crude oil price should bode well for rate cuts

  • Top 5 reasons why rupee hit a record low of 69.13/USD on Friday Jul 21, 2018 01:59 PM IST

    Top 5 reasons why rupee hit a record low of 69.13/USD on Friday

    The rupee touched a new all-time low of 69.13 against the dollar on Friday. The depreciation in the rupee has been on account of several factors.

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