At the Interbank Foreign Exchange market, the domestic unit commenced higher at 61.80 a dollar from previous close of 61.92.
The rupee on Thursday appreciated 20 paise to end at 62.37, its highest in two weeks, on positive trends in local equities and fresh dollar selling by exporters.
A look at statistics and aspects which have made SRH's 2024 season such a memorable one:
Lower dollar in the overseas market also boosted the rupee value
Any currency design change must be approved by the RBI central board and the central government.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
After Bandhan MF's US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
Officials said the six were arrested after a money changer noticed that the 500 and 1,000 Indian rupee notes presented to him for changing were fake.
Abhishek Porel and Tristan Stubbs struck half-centuries for Delhi Capitals in their final league game of the season.
A meal in an Indian restaurant in London has become costlier due to stronger rupee and restrictions on supplies and exports necessitated by growing demand within India for basmati rice.According to a London-based Rice Association, the strengthening Indian rupee has increased sterling import costs by more than 10 per cent between August 2006 and January 2008.
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Money exchangers and bankers in Muscat said that non-resident Indians have started resorting to personal loans as rupee touched an all-time low of 62.03 against the US dollar on Friday, Times of Oman reported.
The biggest risk to India's growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Wednesday. Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country. He is cautiously optimistic about the Indian economy as after the pandemic abated, consumption demand has begun to recover though the recovery is uneven across sectors and industries.
Global currency market sentiment is likely to be driven by the US deficit and debt ceiling negotiations, with markets likely to turn more risk averse closer to October 17, the date by which the US Congress must approve raising the country's borrowing limit.
The rupee had shed one paise to end at one-month low of 61.74 against the US dollar in Tuesday's trade.
The dollar's weakness against rivals overseas supported the rupee.
In a poor village of daily wage earners in Siwan, Bihar, people speak about their hard lives and why they vote.
Continuing its fall for the sixth consecutive day, the Indian rupee on Monday depreciated by 43 paise against the greenback in opening trade
The court will now decide whether to accept the report or direct the agency to continue the investigation and file a chargesheet.
No consensus on what, when and how much to do.
The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
Standard and Poor's raised the outlook for India's "BBB-minus" rating back to "stable" from 'negative,' saying Prime Minister Narendra Modi government's 'strong' mandate would allow it to implement fiscal and economic reforms.
Police sources said the girl's mother had, in the past, lodged over 50 complaints against various people including the then Bengaluru Police Commissioner Alok Kumar, and his staff, for allegedly manhandling her and abusing her.
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
The reason why Jammu resident Jagmohan Singh is doing so will bring tears to your eyes.
Due to the rupee's rise and its impact on IT firms earnings, employees in IT, BPO sector will not only have to work longer but will find their salary increments being pruned.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
Rupee rebounds from one-week low, up 9 paise against dollar.
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The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
From Shashank Singh and Ashutosh Sharma sharing the limelight with their raw talent, to SRH's Travis Head smashing some brutal boundaries to notch up big runs and totals for his franchise, this season has had some real power hitters on show.
A new entrant, whether a popular actor or not, has not been able to sweep the polls, as their fans had hoped for. Given a proven pattern, it should hold true for Vijay as well. Or, something drastically has to happen between now and 2026, asserts N Sathiya Moorthy.
Investors in international funds should have a horizon of more than five years. Not only will this help them overcome equity and currency volatility, it will also help them enjoy better tax treatment, says Sanjay Kumar Singh.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation.
Rupee rises against the dollar for 4th straight session.
The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
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