Why A Weak Rupee Looked Strong In CY23
Rupee saw the least percentage fall on buoyant FPI flows and benign crude, but an encore will depend on Fed rate cuts and oil staying lower.
rupee vs dollar
February 2024
May 2023
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December 2022
July 2022
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December 2021
The 'R' Club Dare to U.S. Dollar
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
India Inc.'s Young Brigade
Countries wary of excessive dollar outflows, especially those who run trade deficit with India, have started signing rupee trade settlement deals.
Gloomy quadrilateral sank rupee 11% in 2022
Against the backdrop of the strengthening Dollar Index that made its two-decade high in September 2022, the rupee managed to close the year at 82.61 to the US dollar, down from 74.29 at end of 2021.
Fortune 500 India: The Barometer of Scale
The top 500 club in 2022 is now worth $1.57 trillion in annual revenue, almost as big as the economies of Canada, Mexico and Spain.
Rupee devaluation hits ability to buy goods, services, petrol, diesel
Around 76% of respondents to a survey say they will be able to afford less in coming years as higher import costs will get reflected in products they buy
Rupee freefall continues after RBI liberalises forex inflow norms
RBI says it's closely monitoring liquidity conditions in the forex market. Today, the rupee depreciated 18 paise to 79.25 against the U.S. dollar
Rupee falls to 78 per US dollar for first time
The local currency plunged 36 paise to a lifetime low of 78.29 against the US dollar.
Reverse FDI: Indians transferred $68 billion abroad in 5 yrs
Deposits under LRS on course to hit record high of $800 mn in CY21.
