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Know who will be worst affected by rupee's depreciation

Know who will be worst affected by rupee's depreciation

Till the currency settles itself, let’s have a look at how continuous depreciation of the Indian currency will affect the common man.

RBI sold $3.18 bn in August to stem rupee slide

The Reserve Bank of India pumped in USD 3.18 billion in the forex market to arrest the slide of the rupee in August, when it fell to an all-time low against the dollar.

Rupee up 142 paise at 61.96 Vs dollar

Rupee showed a sharp gain of 142 paise or 2.24 percent from its last close.

Rupee washes out initial losses, up 19 paise at 63.18 Vs dollar

The rupee washed out earlier losses Wednesday and was quoted higher by 19 paise to 63.18 per dollar on fresh selling of the US currency by banks and exporters on the back of its weakness overseas.

Rupee gains 43 paise at 62.95 Vs dollar in early trade

The domestic currency has spurted by 425 paise or 6.28 percent in last five straight sessions.

Rupee fall has forex reserves plunging $16.5 bn since April

The Reserve Bank was net seller of the dollar twice this year in May and June, according to its monthly data.

'Rupee depreciation matter of concern but no reason for despair'

"The recent depreciation of rupee, which is more than 18 percent during the last one year, high food inflation and a drop in manufacturing activity are matters of concern.

Rupee trading at 66.06 per dollar

Finance Minister P Chidambaram had yesterday asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.

Sensex up 400 points as Rajan sparks reform hopes

The 30-Share barometer Sensex climbed by 392 points to 18,989 with all sectoral indices, except IT, trading in the positive zone rising up to 7.53 percent.

Hiring outlook weakens on falling Re; bad days ahead: Experts

Hiring outlook has weakened in most of the Asia Pacific region, particularly in India with the rupee falling against most currencies and experts are of the opinion that the worst is yet to come.

Rupee trims initial losses Vs dollar, still down 14 paise

The Indian rupee trimmed its initial losses but was still quoted down by 14 paise to 65.84 per dollar on demand for the US currency from banks and importers due to higher global cues amid firm equity market.

BSE Sensex up nearly 180 points; Nifty crosses 5,500-level

The 30-share Sensex was trading up at 177 points to 18,791 led by buying in IT, FMCG, banking and healthcare.

Rupee down 45 paise to 66.15 against dollar in early trade

At the interbank foreign exchange market, the local currency resumed 66.15 from the previous close of 65.70 against dollar.

Falling rupee poses challenges, opportunities for India: IMF

The unprecedented slide of rupees poses both challenges and opportunities for India, the International Monetary Fund (IMF) has said.

Rupee spoils holidays abroad for Indians, but not for all

While a rising dollar has hit Indians’ purchasing power for plane tickets and hotel stays, travelling abroad has never been off the table for some.

Rupee crash forces holidaymakers to ditch Italy for Goa

The rupee's crash has swept away banker Nupur Sood's dream of a holiday in Venice: instead the 35-year-old will settle for cold beers on the beaches of Goa on India's west coast.

Rupee meltdown: How it will impact you

Let’s have a look at how continuous depreciation of the Indian currency will affect the common man.

Why has govt failed to arrest rupee's free fall?

Constant efforts of the government might bring a very marginal respite for the rupee, but to bring it back to 55-level will be an uphill struggle.

Rupee's collapse confounds India Inc

Companies such as Whirlpool of India Ltd say they can't plan more than a couple of months out as a fast-falling rupee currency drives up the cost of imports, forcing them to raise prices even as consumer spending crumbles.

FM could unveil more steps to stem rupee slide

Finance Minister P Chidambaram is likely to unveil next week more measures to support rupee which had hit all-time low of 61.80 against dollar, a top official hinted Thursday.