Accept Weaker Currencies or Push Back
(Bloomberg) — Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch…
Rupee weakens to lifetime low hurt by merchant dollar bids, weak equities
MUMBAI, Dec 18 (Reuters) – The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by…
India bond yields rise after rupee falls to lifetime low amid Fed-fuelled nervousness
MUMBAI, Dec 17 (Reuters) – Indian government bond yields rose on Tuesday, with the benchmark yield inching above the key 6.75% level, after the rupee fell to yet another record…
Record trade deficit adds to rupee’s challenges, may open to all-time low
MUMBAI, Dec 17 (Reuters) – The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a…
Inflows help rupee end higher on day but weekly losing streak persists
MUMBAI, Dec 13 (Reuters) – The Indian rupee logged its the sixth consecutive weekly decline on Friday as pressure remained on account of heightened dollar demand in the non-deliverable forwards…
Rupee hits record low, RBI intervention counters bearish tilt
MUMBAI, Dec 12 (Reuters) – The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the U.S. dollar in the…
Rupee slips to record low but central bank steps in to curb losses
(Updates to add analyst comment, details throughout) MUMBAI, Dec 12 (Reuters) – The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards…
Rupee likely to maintain downward drift, RBI counted on to cap losses
MUMBAI, Dec 11 (Reuters) – Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the…
Rupee hits record low as appointment of new RBI Governor spurs repo rate cut bets
Indian rupee weakened to a record low on Tuesday as the appointment of the new Reserve Bank of India (RBI) Governor increased expectations of interest rate cuts next year. The…
Rupee poised for all-time low as RBI change of guard spurs rate cut hopes
MUMBAI, Dec 10 (Reuters) – The Indian rupee is likely to weaken to its lifetime low on Tuesday after the government named career civil servant Sanjay Malhotra to replace outgoing…