SIP top-ups are especially beneficial for young investors, who may start with a small SIP installment and grow it over their working careers, says Dwaipayan Bose.
Sustained inflows of foreign funds supported the rupee
In the global market, the US dollar index, which tracks the greenback against a basket of six major rivals, was up by 0.33 per cent.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.
The rupee had shed 13 paise to close at 64.04.
Increased month-end demand for the US currency from importers put pressure on the rupee
The dollar maintained its bullish momentum in Asian and early European trade
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
Rising for the second session, the Indian rupee on Thursday climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
Asian Development Bank will, for the first time, tap the Indian debt market in March to raise a little over Rs 4,500 crore (Rs 45 billion) through rupee bonds, which would be used for assisting private companies engaged in core sector.
'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Sharp rate hike in Russia further raised concerns about the global economy.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
In the last 3 months, rupee has depreciated 16% against dollar.
The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.
The domestic unit moved in a range of 64.14 and 63.99.
The rupee had ended 5 paise lower at 67.49 on Monday.
The rupee recovered by 15 paise at 65.49 against the US dollar.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
The domestic currency has gained by four paise or 0.06 per cent in two days.
The rupee has dropped by 21 paise or 0.32 per cent in the last two sessions.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar.
The rupee had depreciated by 13 paise to end at 67.20.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
Sharp fall in domestic stock market also affected the rupee sentiment.
The Indian rupee on Tuesday ended marginally higher against the American currency at 61.41 amid volatile trading on the back of a higher dollar overseas.
The RBI fixed the reference rate for the dollar at 64.1505 and for the euro at 72.2720.
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
The US dollar jumped in overseas market on Wednesday.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Rupee gained on increased selling of the US currency by banks and exporters
The rupee on Tuesday gained 29 paise to close at seven-month high of 60.48 against the dollar on sustained selling of the US currency by exporters and banks.
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
