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Topic
Rupee▼ −75% net tone today
- The rupee fell 37 paise to close at 96.31 against the US dollar
- The rupee sank to a two-month low amid FPI selling and rising US yields
- Kotak Securities says the rupee may weaken to 97
Stories per day
027 Sept
2128 Sept
2229 Sept
2030 Sept
181 Oct
72 Oct
03 Oct
FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report
- Foreign currency non-resident inflows have bolstered rupee stability and India’s balance of payments
- FII flows are crucial to sustaining external stability
- Rupee stability matters to import-heavy Indian companies, while FII flows influence equity demand
Rupee near 97: Rupee faces multi-front pressure; SBI Research calls for immediate protective measures
The rupee is facing multi-front pressure from FPI outflows, stronger dollar demand and a sharp rise in global bond yields, with the currency nearing the 97-per-dollar mark. SBI Research said the RBI’s ability to intervene meaningfully and thwart speculative forces will be a key test as pressure on the currency intensifies.
ETMarkets Smart Talk: Rupee under pressure, inflation sticky: Will RBI be forced to rethink rates? Ankita Pathak, Ionic Asset
- The Fed is entering a tightening cycle as the rupee remains under pressure
- Inflation shows signs of persistence, complicating India’s monetary policy trade-off
- Rupee and inflation pressures shape RBI policy; banks and rate-sensitive Indian stocks are exposed
Rupee sinks to 96.31, logs biggest fall in over 2 months
- The rupee fell to 96.3150 against the US dollar, its biggest drop in over two months
- The decline was attributed to escalating US bond yields
- A weaker rupee raises import costs for Indian companies and can weigh on foreign investor returns