Rupee Decline

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Rupee feels Brexit heat, sinks to 4-month low at 67.96

Spooked by Brexit impact, the rupee plunged as much as 71 paise to settle at a 4-month low of 67.96 against the dollar on fresh demand for the US currency as the latter rose overseas amid a sharp fall in equities
Weak sentiment, less inflows to strain rupee: StanChart

Forex experts blame the overall weak sentiment for the currency‘s decline. Agam Gupta, MD of FI trading at Standard Chartered Bank says that the rupee will continue to be weak if the sentiment does not improve and inflows start coming in.
PM seeks report on impact of offshore forex trade on rupee

PM Manmohan Singh has sought a report mitigating the impact of offshore rupee trade in the decline of rupee in the domestic market. This comes in a day after PM met the industry heads where he was briefed about the activities of the offshore currency trade.
Falling rupee will delay interest rate cuts, says Crisil

Ratings agency Crisil said that the RBI may pause further repo cuts due to the impact of the sliding rupee on the inflation after some time.

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Rupee Decline

Rupee feels Brexit heat, sinks to 4-month low at 67.96

Weak sentiment, less inflows to strain rupee: StanChart

PM seeks report on impact of offshore forex trade on rupee

Falling rupee will delay interest rate cuts, says Crisil