🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Indian rupee drops to fresh 10-month low

Reuters · 1y ago

Indian rupee drops to fresh 10-month low

The Indian rupee dropped to the lowest in more than 10 months, tracking broad losses on Asian peers and on oil price worries.

Related News

Rupee drops to all-time low on India growth worries, dollar strength

VCCircle

VCCircle · 8m ago

Rupee drops to all-time low on India growth worries, dollar strength

The Indian rupee has reached an all-time low due to concerns over the country's slowing growth and the strength of the US dollar. The rupee dropped to a record low of 84.7425 against the dollar, surpassing the previous all-time low of 84.7050. The decline has raised worries among traders and bankers, as they believe the Reserve Bank of India's intervention has been comparatively mild. India's weak GDP growth and declining foreign exchange reserves further suggest a weakening path for the rupee.

Rupee drops below 84 per dollar on equity outflows, oil prices

VCCircle

VCCircle · 10m ago

Rupee drops below 84 per dollar on equity outflows, oil prices

- Indian rupee falls below 84 per dollar for the first time on concerns of oil prices and foreign outflows from equity market. - The Reserve Bank of India (RBI) had defended the 84 level, but the rupee breached it on Friday. - RBI intervened by instructing state-run banks to sell dollars to prevent a sharp fall in the rupee. - The rupee may face further pressure, but the RBI is expected to only allow marginal depreciation to maintain stability. - Factors contributing to the rupee's decline include rising oil prices, foreign selling of Indian shares, and a widening trade deficit leading to a shrinking balance of payments surplus. - Asian currencies have performed better than the rupee recently, while expectations rise for the Indian central bank to cut rates.

Rupee ends at fresh record low, stays above 84/$ mark

VCCircle

VCCircle · 10m ago

Rupee ends at fresh record low, stays above 84/$ mark

The Indian rupee hit a new record low against the US dollar, closing at 84.0650 amidst equity outflows. However, it managed to avoid a steep decline due to continued dollar sales from state-run banks, possibly on behalf of the Reserve Bank of India. The rupee's depreciation comes as foreign investors withdraw $8.4 billion from Indian stocks this month, surpassing the previous record monthly outflow. Despite the rupee not benefitting from the positive trend in Asian currencies, benchmark Indian equity indices ended the day higher, but with a third consecutive weekly decline.

Rupee log best week in 19 months on heavy RBI intervention

VCCircle

VCCircle · 6m ago

Rupee log best week in 19 months on heavy RBI intervention

The Indian rupee experienced its largest weekly rise in 19 months, driven by the Reserve Bank of India's heavy intervention in the foreign exchange market, deterring speculators. The rupee rose 0.7% through the week, closing at 86.8225 per U.S. dollar. Though it previously hit a record low of 87.95, RBI's dollar sales stabilized it. Market analysts estimate the central bank sold $10-$11 billion. The rupee is predicted to trade between 86.60 and 87.20 in the near term.

Rupee sees worst month since March as dollar rises

VCCircle

VCCircle · 9m ago

Rupee sees worst month since March as dollar rises

The Indian rupee had its worst month in eight as the US dollar and bond yields increased following Donald Trump's election win. Despite closing at 84.4825 against the dollar on Friday, which is slightly up from last week's lifetime low of 84.5075, the rupee fell by almost 0.5% in November. The dollar has been performing well and US yields have increased following Trump's win, which has hurt emerging market assets. Despite this, the rupee has performed relatively well compared to its regional counterparts, due to frequent interventions by the Reserve Bank of India.

Rupee logs sharp weekly fall as India-Pakistan conflict intensifies

VCCircle

VCCircle · 3m ago

Rupee logs sharp weekly fall as India-Pakistan conflict intensifies

The Indian rupee experienced a significant weekly decline due to escalating conflict between India and Pakistan, which affected local equities and sovereign bonds. Despite closing stronger at 85.37 against the U.S. dollar, it hit a near one-month low before the Reserve Bank of India intervened. The rupee fell 0.9% for the week. Rising geopolitical tensions have created market uncertainty, but there's cautious optimism to avoid long-term escalation. The RBI's intervention helped mitigate deeper losses.

Rupee slumps to record low, logs worst day in nearly 7 months as dollar bids spike

VCCircle

VCCircle · 8m ago

Rupee slumps to record low, logs worst day in nearly 7 months as dollar bids spike

The Indian rupee reached a new low against the US dollar as dollar demand increased due to maturing non-deliverable forwards and currency futures. The rupee weakened to a new all-time low of 85.8075 against the dollar, before recovering slightly after intervention by the central bank. The rupee has been hit by concerns over India's slowing growth and widening trade deficit, as well as the strengthening US dollar.

Global stock sell-off pushes Indian rupee to another record low

VCCircle

VCCircle · 1y ago

Global stock sell-off pushes Indian rupee to another record low

The Indian rupee has reached another record low, as concerns of a global stock sell-off and geopolitical tensions in the Middle East continue to impact markets. The rupee slipped to 83.7525 to the US dollar, surpassing its previous low of 83.7450. Despite expectations of economic growth and a lower fiscal deficit, the rupee has weakened by 0.7% since India's recent elections. The country's central bank has been buying dollars to prevent appreciation of the rupee, aiming to correct an overvaluation of the currency.

Markets stay strong despite conflict fears and IPO slowdown

Inshorts · 3m ago

Markets stay strong despite conflict fears and IPO slowdown

Indian markets show resilience amid conflict tensions, with Sensex and Nifty up 10% since April lows. FIIs' long-shot ratio hit a 7-month high, reflecting bullish sentiment. Yet IPOs are stalling, with $760 million in offerings delayed due to weak investor demand. Meanwhile, the rupee slipped slightly, and the dollar remains under pressure globally.

Rupee hits over two-month low, hurt by geopolitical worries, Trump tariff remark

Economic Times

Economic Times · 2m ago

Rupee hits over two-month low, hurt by geopolitical worries, Trump tariff remark

The Indian rupee reached a two-month low, falling to 86.24 against the US dollar, due to escalating geopolitical tensions in the Middle East and U.S. President Donald Trump's announcement of impending pharmaceutical tariffs. This decline comes as Indian pharmaceutical companies, significantly reliant on U.S. revenue, face potential impacts. Additionally, a trader mentioned that ongoing dollar demand from state-run banks contributed to the rupee's weakness. Market focus remains on Federal Reserve decisions and Middle East developments.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Exclusive: Robotics startup Miko ...

“Your Phone Is Outdated”: Sam Alt ...

Download the medial app to read full posts, comements and news.