There is a shortage of foreign exchange with India’s major export destinations, including Latin America and Africa.
Inflation has been a challenge for packaged consumer goods makers since the onset of the COVID-19 pandemic. The rupee’s fall against the dollar is set to worsen their struggle.
Runaway inflation in many economies, sell-off by FPIs in Indian equities, and fears of crude prices taking a U-turn northwards are piling pressure on the rupee
What's behind the rise and fall in a currency's value? We all know that the rupee touched a historic low and fell below the 80 mark to a dollar recently. But who decides what the rupee's value is - and what are the factors that affect it? Moreover, what can central banks of countries do to ensure that they provide a cushion against global factors? All the answers in this comprehensive video above!
As global economies cut back on discretionary spending in the face of recession, export-focused discretionary sectors are likely to be hit the hardest as demand comes down abroad
The central bank announced measures on July 6 to boost foreign exchange inflows and alleviate pressure on the rupee’s exchange rate
The minister said the fall in the value of the national currency, which hit a record low of 78.92 against the dollar, is being monitored by the government
Despite its depreciation, the rupee has been an outperformer in the current financial year, say analysts.
After reaching a record low of 77.14 to the dollar on March 7, the rupee has since gained to 76.25 as of March 16. This still represents a fall of 2.28 percent since the beginning of the year, when it was 74.51.
While a falling rupee makes Indian exports more competitive, imported inputs become more expensive
As the RBI's Monetary Policy Committee's mandate is to target inflation, there is a possibility that we may be seeing another rate hike -- the third in a row.
Here's a recap of what made news in the business world in the month of August.
Possible US Fed rate hike, OPEC decision to cut crude production and redemption of FCNR deposits are causing volatility in the rupee. Here is a quick video to help you understand why the rupee is falling.
In the debate between cyclicals and defensives, Pashupati Advani of NBIE says cyclicals will be fine as long as interest rates are low.
Speaking to CNBC-TV18, M Shiv Kumar, chief financial officer, Raymond, says the company‘s strong Q2 performance has been the result of a revival in its apparel business that has also helped make profits. “All other bisuness segments, too have seen an all-round improvement,†adds Kumar.
The rupee on Monday closed at 61.79/USD, shedding 35 paise after stocks weakened on concerns about continuing US government shutdown.
Aditi Nayar, senior economist at ICRA believes the mid-quarter monetary policy review will not see overnight changes. A gradual reversal of the steps to address rupee's fall will be taken, she told CNBC-TV18.
Tech Mahindra is hopeful of benefitting from the weak rupee for 1-2 quarters. However, inflationary pressure will push up domestic costs and overall postive impact will be less, Vineet Nayyar, vice chairman of Tech Mahindra says.
India is looking at desperate measures to cut the country's oil costs by nearly USD 20 billion after the rupee slid to record lows. It has left the country with an oil bill 50 percent higher than on May 1.
The overall scope for investment in oil and gas sector is good and one should invest aggressively in it, says Jal Irani of Macquarie. He told CNBC-TV18 that easing subsidy burden, gas price hike next year will make these stocks look attractive.
India and Indonesia could see their credit ratings lowered if their governments fail to halt the current slump in investor confidence towards the countries, Fitch ratings said on Thursday.
The recent rupee depreciation has added another layer of uncertainty. It has made it difficult to determine what the right corpus size is when the actual time of financial goals arrives
ICICI Bank has raised fixed deposit rates by up to 0.75 percent across select maturities due to a series of steps taken by RBI, leading to tightening of liquidity condition.
The battered rupee hit another record low of 62.76 to the dollar on Monday, and although most analysts see further weakness in the coming months, they say the currency's woes are set to ease.