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Rupee slips 17 paise to 88.26 against US dollar on FPI outflows

Economic Times

Economic Times · 24d ago

Rupee slips 17 paise to 88.26 against US dollar on FPI outflows

The Indian rupee depreciated by 17 paise to 88.26 against the US dollar due to continuous foreign fund outflows and concerns over US tariffs. The rupee had previously breached the 88 per dollar mark, closing at an all-time low of 88.09. The Reserve Bank of India continued selling dollars to protect the rupee, but it might allow further depreciation to maintain competitiveness. India's economy grew 7.8% in the first quarter, despite trade and tariff issues.

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Related News

Rupee hits all-time low with more trouble ahead: 5 reasons why it is bad for markets

Economic Times

Economic Times · 24d ago

Rupee hits all-time low with more trouble ahead: 5 reasons why it is bad for markets

The Indian rupee hit a new low against the US Dollar, driven by concerns over a widening fiscal deficit due to US tariffs on Indian products, importers' hedging demand, and FPI outflows. Analysts warn the falling rupee could increase inflation and import costs, widen the trade deficit, lead to foreign capital outflows, and increase the burden of corporate debt. The Reserve Bank of India might intervene if the rupee approaches 88.50.

Rupee falls 18 paise to 87.76 against US dollar in early trade

Economic Times

Economic Times · 27d ago

Rupee falls 18 paise to 87.76 against US dollar in early trade

The Indian rupee fell by 18 paise to 87.76 against the US dollar due to ongoing foreign fund outflows and increased month-end dollar demand. Traders highlighted pressure on the rupee from US tariffs impacting Indian exports and the trade deficit. The Reserve Bank of India cited uncertainties in US trade policies affecting India's economic demand, while the government plans support for exporters. Meanwhile, the dollar index rose by 0.18%, reflecting a stronger dollar environment.

Rupee rises 10 paise to 87.59 against US dollar in early trade

Economic Times

Economic Times · 28d ago

Rupee rises 10 paise to 87.59 against US dollar in early trade

The rupee appreciated 10 paise to 87.59 against the US dollar, supported by a weaker dollar index and lower Brent crude prices. The Reserve Bank of India's intervention helped prevent the rupee from crossing its historic low. Despite these gains, foreign institutional investor outflows and weaker domestic equities limited further appreciation. The dollar index fell, influenced by concerns over the US Federal Reserve's independence, following President Trump's dismissal of FED Governor Lisa Cook.

Rupee falls 3 paise to close at 88.12 against US dollar

Economic Times

Economic Times · 16d ago

Rupee falls 3 paise to close at 88.12 against US dollar

The rupee fell by 3 paise to close at 88.12 against the US dollar, due to persistent foreign portfolio outflows and global trade tensions. Pressure from concerns over US tariffs on India and trade uncertainties, along with continuous foreign fund outflows, affected investor sentiments. The rupee's movement remained within a range as it responded to market factors, with experts predicting a negative bias in the trade due to ongoing India-US trade issues.

Rupee falls 12 paise to close at 88.28

Economic Times

Economic Times · 2d ago

Rupee falls 12 paise to close at 88.28

The Indian rupee weakened to 88.28 against the dollar on Monday, influenced by concerns over Trump's H-1B visa fee hike and its potential impact on Indian remittances. Traders fear the increased visa costs could lead to equity outflows from the IT sector and pressure the rupee.

Rupee extends losses, slumps 48 paise to all-time low of 88.76/USD

Economic Times

Economic Times · 2d ago

Rupee extends losses, slumps 48 paise to all-time low of 88.76/USD

The Indian rupee plummeted to a record low of 88.76 against the US dollar following President Trump's H-1B visa fee hike, sparking concerns about remittances and IT sector equity outflows. This double blow, coupled with already weak foreign inflows, intensified pressure on the currency.

Rupee slips to record low as equity sentiment sours after tax hike

VCCircle

VCCircle · 1y ago

Rupee slips to record low as equity sentiment sours after tax hike

The Indian rupee reached a new all-time low against the US dollar as concerns about outflows from local equities weighed on the currency. However, the Reserve Bank of India's intervention helped ease the pressure. The rupee hit a record low of 83.72 against the dollar before closing at 83.7175. Sentiment surrounding local equities has been dampened by the government's decision to raise taxes on profits from equity investments and derivatives trades. The RBI's routine interventions have helped to limit volatility expectations for the rupee.

Rupee falls 35 paise to hit all-time low of 83.48 against US dollar

Money Control

Money Control · 1y ago

Rupee falls 35 paise to hit all-time low of 83.48 against US dollar

The Indian rupee depreciated to a record low of 83.48 against the US dollar as the greenback strengthened against major currencies. The decline was driven by the surprising interest rate cut by the Swiss National Bank, which increased the likelihood of a rate cut by the European Central Bank. Foreign fund outflows also impacted the rupee. However, the domestic equity market showed gains, with the Sensex rising by 0.26% and the Nifty by 0.39%. Overall, the rupee is expected to have a negative bias due to the strong US dollar and potential rebound in crude oil prices.

Rupee falls 4 paise to 88.30 against US dollar in early trade

Economic Times

Economic Times · 10d ago

Rupee falls 4 paise to 88.30 against US dollar in early trade

The Indian rupee fell 4 paise to 88.30 against the US dollar due to concerns over US trade tariffs affecting India's exports and ongoing foreign portfolio outflows. The rupee experienced range-bound trading amidst these economic pressures, despite efforts by the Reserve Bank of India to curb volatility. Market focus has shifted to potential US Federal Reserve rate cuts, adding uncertainty to the dollar's strength. Meanwhile, US Commerce Secretary Howard Lutnick emphasized the need for India to reduce tariffs.

Rupee rises 2 paise to close at 83.95 against US dollar as local equities gain

Money Control

Money Control · 1y ago

Rupee rises 2 paise to close at 83.95 against US dollar as local equities gain

The Indian rupee ended marginally higher against the US dollar, supported by gains in the domestic markets. The rupee consolidated in a narrow range and settled higher by 2 paise at 83.95 against the dollar. Traders are now waiting for the release of US CPI data, India CPI, WPI, IIP data, and India's trade data next week for further cues on the rupee. The rupee is expected to trade with a slight negative bias due to selling pressure from foreign investors and a positive US dollar.

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