Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
India has not been able to compete with countries such as Bangladesh and Vietnam.
Growth has slowed in some of the large emerging economies, its interim economic assessment report added. "One factor has been a rise in global bond yields -- triggered in part by an expected scaling back of the US Federal Reserve's quantitative easing -- which has fuelled market instability and capital outflows in a number of major emerging economies, such as India and Indonesia.
Klitschko and his brother Vitali, also a former world heavyweight champion and now the mayor of Kyiv, have both taken up arms against invading Russian forces.
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
Adopting a wait- and-watch approach ahead of US Fed meeting
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
The first fatality from COVID-19 was reported from the Washington state on February 26.
Rupee is under pressure against the dollar say currency watchers.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
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Policymakers stepped in late Thursday to calm markets.
The breadth, indicating the overall health of the market, turned negative from positive
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
Adequate dollar supply gave a boost to the local currency
Trump has roped in Army Corps of Engineers to build hospitals all over the country, activated the ready reserve components of the Armed Forces and invoked the Defense Production Act to compel General Motors to accept, perform and prioritise federal contracts for ventilators.
In the United States, economic data is likely to take a back seat next week.
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
Oil prices were poised for a third day of gains following a rise of more than 4 percent last week after Islamic militants seized much of northern Iraq as Baghdad's forces there collapsed.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
This rally is largely being driven by hopes that the Modi government will drive economic growth higher, and, thus, increase earnings growth for companies.
This is the biggest one-day fall in the rupee since August 3, 2016
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
Most companies were working on Rs 65-66 to a dollar.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
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