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  • Rupee Closes Below 73 Mark Against Dollar For First Time: 10 Things To Know
    The rupee declined sharply lower against the US dollar to close at a record 73.34 on Wednesday, amid soaring crude oil prices. The rupee touched a fresh all-time low of 73.42 against the American currency during the session, but contained some of those losses by the end of the session. The government will hold an inter-ministerial meeting on Thursday to discuss currency weakness and its impact on trade deficit. Analysts say concerns on surging crude oil prices and widening of currency account deficit along with a rising dollar backed by strengthening of the US economy impact the rupee.
  • Oil Surge Means Things May Get Lot Worse For Rupee This Year: Report
    One positive for the rupee is that its implied volatility has remained lower than in 2013. That also perhaps explains the lack of aggressive intervention by the Reserve Bank of India in the currency market, even as policy makers have taken other measures.
  • Rupee Hits Lifetime Low Of 73.42 Against Dollar: 10 Things To Know
    The rupee registered a new all-time low against the US dollar on Wednesday, slipping below the 73 mark for the first time ever. A surge in crude oil prices - which held near their highest level since 2014 - along with demand for the dollar and strength of the greenback overseas hurt the rupee, according to analysts. Extended weakness in the rupee comes despite the Reserve Bank of India (RBI) announcing bond purchases worth Rs 36,000 this month to ease liquidity. Analysts will closely watch the outcome of a three-day policy meeting, which began on Wednesday.
  • Forex Markets Closed Today For Gandhi Jayanti: 5 Things To Know
    The Reserve Bank of India (RBI) on Monday said that it would pump Rs 36,000 crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.
  • Rupee Closes Near 2-Week Low Against Dollar
    The Reserve Bank of India announced it would inject liquidity of Rs 36,000 crore into the system through purchase of government bonds in October to meet the festival season demand for funds.
  • RBI To Buy 36,000 Crore Rupees Of Bonds In October To Ease Liquidity
    RBI said the auctions would be conducted during the second, third and fourth week of October.
  • Rupee Drops 36 Paise Against US Dollar: 10 Things To Know
    The rupee declined against US dollar on Monday, despite measures announced by the central bank to support the currency. The rupee dipped by 36 paise to 72.84 against the US dollar, reported news agency Press Trust Of India (PTI). The Reserve Bank of India (RBI) announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity in the system. Investors are now waiting for the outcome of a bi-monthly policy meet due later this week. In recent weeks, the rupee has taken a beating amid volatility in global markets and strengthening of the greenback overseas. The central bank has been taking various measures to shore up the rupee.
  • Rupee Declines 2% Against US Dollar This Month: 5 Things To Know
    Rupee Vs US dollar: The government announced a reduction of Rs 70,000 crore in the gross borrowing estimate for the current fiscal year.
  • Rupee Falls Marginally Against US Dollar: 10 Things To Know
    The Indian rupee erased its early gains to dip 6 paise to 72.65 against the US dollar in late morning deals. The domestic currency slipped, following fresh bouts of dollar demand from importers and banks. The rupee opened positive at 72.50 against Thursday's closing level of 72.59 a dollar at the foreign exchange market. The local unit rose further to 72.49 supported by government measures to reduce import duties on some products, though a sharp rebound in US dollar overseas once again brought back volatility.
  • Rupee Gives Up Most Of Day's Gains Against Dollar: 10 Things To Know
    The rupee gained 22 paise to hit 72.38 at the day's strongest point, but gave up those advances by the end of the session. Measures to boost liquidity in the system and curb the current account deficit announced by the government and the central bank are expected to ease some pressure on the currency, say analysts.
  • RBI Relaxes Cash Rules For Banks As Credit Crunch Fears Persist
    Banks currently have to buy government bonds worth about 19.5 per cent of their deposits as a part of their statutory liquidity ratio (SLR).
  • Rupee Rises Against US Dollar After Government Hikes Import Duty: Key Things To Know
    INR vs USD: The Indian currency strengthened today after the government raised import duties on select items to check rupee fall.
  • Rupee Breaks Two-Day Fall Against US Dollar: 10 Things To Know
    The mild gain in the rupee against the dollar came after two days of fall.Weakness in the greenback overseas provided some support to the rupee but crude oil prices held near four-year highs capped the upside.
  • Rupee Rises 8 Paise Against US Dollar
    Rupee Vs US Dollar: Weakness in the dollar against some global currencies overseas and a higher opening of the domestic equity market supported the rupee.
  • Rupee Recovers Most Of Day's Losses To Close At 72.69 Against Dollar: 5 Things To Know
    Tuesday's decline meant two days of fresh depreciation in the rupee after the Reserve Bank of India (RBI) said the central bank and market regulator Sebi were watching market developments closely and would act if required.

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