The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
The agency had alleged in its earlier charge sheets that at least 36 accused, including former Delhi Deputy Chief Minister Manish Sisodia and Kumar, "destroyed, used or changed" 170 phones to conceal evidence of "kickbacks" worth thousands of crores of rupees in the alleged scam.
'It is time to allow the rupee to move towards its true value, as it is hurting Indian exports, investment and SMEs associated with export sectors that create jobs,' argues Pravakar Sahoo.
The broader NSE Nifty after shuttling between 10,451.90 and 10,595.75 finally ended 100.30 points, or 0.96 per cent, higher at 10,582.50.
A weak rupee, though seemingly good for exporters, would push up input cost further for Indian companies.
On a relative worldwide scale of 0-100, the search value index of the rupee stood at 100 in August so far.
Some of the top cricketers are contemplating terminating their central contracts with the Pakistan Cricket Board after some were refused NOCs to go and play in foreign T20 leagues.
The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
Delhi Chief Minister Arvind Kejriwal, arrested in the Delhi liquor policy case, on Thursday alleged that the 'actual' excise scam started after the Enforcement Directorate (ED) probe and not when the policy was made and that the agency's 'two main motives' were to crush his Aam Aadmi Party and to declare it corrupt.
'Global investors expect the rupee to be more vulnerable in the downturns in the future than ever before,' notes Apoorva Javadekar.
'We used to get Rs 250 for a Test match, and if the match was over in 4 days, 50 rupees were cut.'
TDP supremo N Chandrababu Naidu consistently emphasises, among others, the issue during his campaign, alleging that the state has been supplying poor quality liquor while profiting immensely from 'inflated' prices, running to thousands of crores of rupees.
The Sittwe deal is more significant than Chabahar in Iran, where India has rights to operate only two terminals and not the port itself.
'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
India now has three companies in the global top 100 list in terms of market value: Reliance Industries (RIL) ranks 72, Tata Consultancy Services (TCS) is at 86 and HDFC Bank at 99.
The dollar was weak against major world currencies.
The partially convertible rupee was trading at 65.87/88 per dollar.
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours.
In a scathing attack on Prime Minister Narendra Modi, former prime minister Manmohan Singh on Thursday accused him of lowering the dignity of public discourse and the gravity of the office of the PM by giving "hateful speeches" during the poll campaign.
The rupee touched a high and low of 65.91 agaisnt the greenback during the day.
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
Prime Minister Narendra Modi on Tuesday said the people have given his government a mandate for stability and continuity for the third consecutive term after seeing its work of 10 years and accused the Congress of trying to build a narrative that it has defeated the Bharatiya Janata Party-led National Democratic Alliance in the Lok Sabha polls.
With the rupee crossing Rs 72/dollar in recent times, things suddenly don't look too good on several counts.
The rupee had dropped by 60 paise or 0.89 per cent in previous three trading days.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Overseas, the US dollar took a breather against basket currencies
The rupee depreciated further by 7 paise to 65.12.
In a poor village of daily wage earners in Siwan, Bihar, people speak about their hard lives and why they vote.
Weakness of the dollar against other currencies overseas gave the rupee more muscle.
A weak dollar in overseas markets also strengthened the rupee sentiment
Weakness in the dollar against some currencies supported the rupee.
A weak dollar overseas supported the rupee sentiment.
The rupee had lost 11 paise to close at 66.44 against the dollar.
Strong month-end demand for the US currency mainly from oil importers along with currency futures expiry related purchases predominantly weighed heavily on the forex market and haunted investor sentiment.
If the REER is to be restored to its 2004-05 level, the rupee has to depreciate a lot, says V K
A 32-ground land parcel in Chennai worth crores of rupees and owned by a Shiva temple was taken over by authorities on Sunday while officials were directed to initiate action to take possession of nearly 100 more grounds of land belonging to the same shrine, the government said.
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
The rupee slipped from its initial gains by 5 paise against the US currency to 67.89 in late morning deals on bouts of dollar demand from importers.
Bearish dollar overseas also supported the rupee
