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Rupee tops 88/$ for the first time in three weeks

Economic Times

Economic Times · 2m ago

Rupee tops 88/$ for the first time in three weeks

The rupee strengthened against the dollar, breaching the 88-mark for the first time in nearly three weeks due to the anticipated US Federal Reserve rate cut and positive India-US trade talks. The rupee gained 24 paise, closing at 87.8150 per dollar. The dollar's weakness and improved US-India trade outlook contributed to the rally. However, any hawkish signals from the Fed or trade setbacks could limit further appreciation and increase volatility.

Related News

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

Economic Times

Economic Times · 2m 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.

Aggressive central bank intervention helps rupee rise above 88/USD, traders say

Economic Times

Economic Times · 1m ago

Aggressive central bank intervention helps rupee rise above 88/USD, traders say

The Indian central bank intervened aggressively to bolster the rupee, pushing it to a near one-month peak of above 88 against the U.S. dollar. This followed about two weeks of the currency hovering near its record low of 88.80. The intervention helped the rupee rise sharply to a peak of 87.9250 before settling at 87.9850, a 0.9% increase for the day. The dollar index was down 0.2% while most Asian currencies strengthened.

Deals Digest: Big-ticket PE transaction skews weekly numbers as total value tops $1 bn

VCCircle

VCCircle · 7m ago

Deals Digest: Big-ticket PE transaction skews weekly numbers as total value tops $1 bn

Dealmaking activities were subdued during a four-day period, with private equity and venture capital transactions reaching their lowest in four weeks. Despite the reduced number of transactions, the total deal value surpassed $1 billion for the first time in 2025. A significant private equity transaction was a major contributor to this milestone, highlighting a skewed distribution in deal numbers versus value, according to data from VCCircle.

Rupee recovers 88 paise from its all-time closing low to 87.93 against US dollar in early trade

Economic Times

Economic Times · 1m ago

Rupee recovers 88 paise from its all-time closing low to 87.93 against US dollar in early trade

The rupee appreciated by 88 paise to 87.93 against the US dollar from its all-time low, driven by a softer dollar index after the US Fed signaled rate cuts. Easing crude oil prices and possible RBI intervention also supported the currency's rise. The interbank market saw the rupee start at 88.74 before strengthening. Meanwhile, key domestic equity indices saw gains in early trading sessions.

YouTube tops Disney and Netflix in TV viewing, Nielsen finds | TechCrunch

TechCrunch · 5m ago

YouTube tops Disney and Netflix in TV viewing, Nielsen finds | TechCrunch

Nielsen’s April 2025 report reveals that YouTube has maintained the largest share of TV viewing for three months, with 12.4% of audience time, up from 12% the previous month. YouTube surpasses Disney, which holds 10.7%, and rivals like Netflix. TVs are the primary device for YouTube in the U.S. YouTube’s growth is set to continue with a new deal to exclusively stream the NFL's first Friday game globally, a first for the platform.

Rupee's steepest rise in 4 months said to come on RBI's dollar sales

Economic Times

Economic Times · 1m ago

Rupee's steepest rise in 4 months said to come on RBI's dollar sales

The Indian rupee appreciated to 88.0750 against the US dollar, marking its steepest rise in nearly four months. This rise followed a consistent closing range of 88.51 to 88.80 over the past three weeks. Market participants attribute the rupee's surge to heavy dollar sales by the Reserve Bank of India, aimed at addressing speculative dollar positions. Improved inflows in local equity and debt markets were noted, despite concerns over higher tariffs impacting the rupee.

Rupee recovery fizzles with US tariff woes fuelling persistent dollar buying

Economic Times

Economic Times · 2m ago

Rupee recovery fizzles with US tariff woes fuelling persistent dollar buying

The Indian rupee's recovery faltered due to increased hedging by importers in response to U.S. tariffs, driving up dollar demand. Despite initial gains, the rupee weakened to 87.6575 against the U.S. dollar. The Reserve Bank of India's (RBI) intervention plays a key role in maintaining rupee levels. Traders expect the rupee to face continued pressure, possibly moving between 87.50 and 88, influenced by weak risk appetite and global economic factors.

Bitcoin tops $100,000 on trade deal optimism

Economic Times

Economic Times · 6m ago

Bitcoin tops $100,000 on trade deal optimism

Bitcoin surpassed $100,000 for the first time since early February, driven by an extensive trade agreement between the United States and the United Kingdom, indicating a potential easing in U.S. President Trump's trade conflicts. By midday, Bitcoin was trading at $101,402.19, marking a 4.8% daily gain. Although it recovered to positive territory for the year, it remains below its January peak of over $109,000.

Beardo revenue tops Rs 200 Cr in FY25; profit jumps 3.6X

Entrackr

Entrackr · 26d ago

Beardo revenue tops Rs 200 Cr in FY25; profit jumps 3.6X

Men’s grooming brand Beardo, owned by FMCG giant Marico, crossed the Rs 200 crore revenue milestone for the first time since the acquisition. The company posted a 23.7% rise in revenue and a 3.6X jump in profit after tax (PAT) in the same period. According to its standalone financial statements sourced from the Registrar of Companies (RoC), Beardo’s revenue from operations rose to Rs 214 crore in FY25 from Rs 173 crore in FY24. At the same time, the company’s profit after tax climbed to Rs 13 crore from Rs 3.63 crore a year earlier, while total income stood at Rs 215 crore. The growth was steered by tighter cost management and higher operating efficiency. The company’s total expenses grew 17.3% YoY to Rs 197 crore, slower than topline expansion, leading to improved profitability. When it comes to burn, the cost of materials consumed grew 39.3% to Rs 94 crore in FY25, whereas the employee benefits and other costs stood at Rs 14 crore and Rs 52 crore, respectively. Beardo’s EBITDA margin more than doubled to 7.1% from 3.4% in FY24, while its ROCE stood at a healthy 57% during the fiscal year ending March 2025. Beardo’s board noted in its annual filing that FY25 marked the first year it crossed the Rs 200 crore revenue mark, adding that the company expects to “achieve new heights in the coming years.” The grooming brand continues to focus on hair styling, perfumes, and skincare categories, which together contribute over 90% of its turnover. Since its acquisition by Marico in 2017, Beardo has transitioned from a D2C startup to a structured FMCG subsidiary, with better supply chain control, offline expansion, and cost efficiency. The appointment of Siddharth Vaya as whole-time director in April 2024 also reflects Marico’s increased strategic oversight. On the balance sheet front, Beardo’s total assets grew 44% to Rs 72 crore, supported by a 39.5% increase in current assets to Rs 60 crore. On a unit level, it spent Rs 0.92 to earn a rupee in FY25. In the men’s personal care space, it competes with peers such as The Man Company, Ustraa, and Bombay Shaving Company.

Rupee stuck in narrow range as equity inflows, dollar selling clash with importer hedging

Economic Times

Economic Times · 25d ago

Rupee stuck in narrow range as equity inflows, dollar selling clash with importer hedging

The Indian rupee remained in a narrow range, ending slightly higher on Thursday. The currency opened stronger, influenced by reports of potential U.S. tariff cuts on Indian imports, but inverse effects from importer dollar demand limited its advance. The Reserve Bank of India has been intervening to support the rupee, particularly when it nears the 88-level against the dollar. The recent market environment was impacted by U.S. policy considerations against China, affecting Asian currency demand.

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