Rupee

Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.

The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.

The rupee recovered to gain a touch on Friday, tracking a weaker dollar and a robust rally in domestic stocks which made a stunning comeback from deep losses in the previous session driven by an increase in risk appetite after China cut a key lending benchmark to support its economy.

The rupee closes at a new all-time low of 77.73 against the dollar, the fifth record weak close in the last 10 trading sessions.

The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.

The Pakistani rupee dropped to a new historic low in the interbank market amid increasing political pressure on the government to announce an early election.

The rupee extended its losses into early Thursday after closing at a new all-time low, even as the dollar took a breather after heavy gains and as global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth.

The rupee closed at a new all-time low of about 77.58 against the dollar on Wednesday, tracking a rise in crude prices and a reversal in domestic stocks, with the two-day relief rally in equity benchmarks coming to an end.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

The Reserve Bank of India sold a net $20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the US dollar, its monthly bulletin showed on Tuesday.

The rupee recovered from its record intra-day lows after the Reserve Bank of India's intervention in both the spot and the futures markets, limiting further losses.

The rupee reversed from record lows after the Reserve Bank of India intervened in both the spot and the futures markets.

The LIC IPO listing comes as Indian equity benchmarks rose for a second consecutive session on Tuesday, while the rupee weakened to an all-time low.

The rupee weakened to a new all-time low of 77.69 against the dollar early on Tuesday, even as the US currency fought for a footing as investors trimmed bets on whether interest rate rises will drive further dollar gains.

Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.

The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.

The rupee recovered to gain a touch on Friday, tracking a weaker dollar and a robust rally in domestic stocks which made a stunning comeback from deep losses in the previous session driven by an increase in risk appetite after China cut a key lending benchmark to support its economy.

The rupee closes at a new all-time low of 77.73 against the dollar, the fifth record weak close in the last 10 trading sessions.

The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.

The Pakistani rupee dropped to a new historic low in the interbank market amid increasing political pressure on the government to announce an early election.

The rupee extended its losses into early Thursday after closing at a new all-time low, even as the dollar took a breather after heavy gains and as global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth.

The rupee closed at a new all-time low of about 77.58 against the dollar on Wednesday, tracking a rise in crude prices and a reversal in domestic stocks, with the two-day relief rally in equity benchmarks coming to an end.

India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

The Reserve Bank of India sold a net $20.1 billion in the spot foreign exchange market in the month of March to support the rupee against the US dollar, its monthly bulletin showed on Tuesday.

The rupee recovered from its record intra-day lows after the Reserve Bank of India's intervention in both the spot and the futures markets, limiting further losses.

The rupee reversed from record lows after the Reserve Bank of India intervened in both the spot and the futures markets.

The LIC IPO listing comes as Indian equity benchmarks rose for a second consecutive session on Tuesday, while the rupee weakened to an all-time low.

The rupee weakened to a new all-time low of 77.69 against the dollar early on Tuesday, even as the US currency fought for a footing as investors trimmed bets on whether interest rate rises will drive further dollar gains.