New 100 rupee currency notes with inset letter 'G' in both numbering panels will be in circulation shortly.\n\n
The rupee had dropped by 18 paise to end at 66.40
Fag-end selling of dollars by banks and exporters
Dwaipayan Bose on how index funds play a key role in the diversification of portfolios and help manage risks
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
In forward market, premium for dollar continued to fall due to persistent receivings from exporters.
The rupee snapped its two-day winning run against the dollar.
Three persons are being questioned in connection with the massive seizure.
According to DMK, the voters are already consolidated on ideological lines, hence the impact of anti-incumbency, whether against the BJP Centre or the DMK state may not be too much, notes N Sathiya Moorthy.
The rupee has gained by 21 paise or 0.31 per cent in last two days
Weakness in dollar in the overseas market also boosted the rupee value
The domestic currency has dropped by 62 paise or 0.93 per cent in four trading days.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
The US stimulus programme has been credited with fuelling a global equities rally for most of the year.
The rupee slipped marginally by two paise at 66.43 against the US dollar on good demand
India's sad export figure put pressure on the rupee
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
The US dollar's weakness against some currencies overseas capped the losses.
Healthy demand for the American unit from importers and corporate weighed on the rupee
Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms, and 2.3 per cent returns in dollars. And, had it not been for the very high inflow of smuggled gold and the huge discount prevailing in the market due to high prices, the returns in gold would have been much higher, analysts said. The precious metal has consistently been delivering positive returns in India since 2016.
A weak dollar sentiment across the board alongside unwinding of long positions by speculative traders ahead of key US macro data release largely supported the rupee
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
'This time, triumph will belong to the brother who promises a brighter future, not the one who merely remembers his sisters during elections and then vanishes.'
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
The US currency's decline against major world currencies alongside fag-end dollar supply largely helped the rupee recoup some of its initial losses
The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
A sustained rise in equity market also boosted the rupee sentiment.
The recovery in equities in the early session capped the rupee's fall.
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
US-based Spectrum Global Fund Administration, providing back-office operations to hedge funds in the US and the UK, is closing its facilities in India. The company had started its operations in India two years ago.
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
Weak equity markets too hit rupee sentiment
MNC required to bring in only 10% of issue value upfront during buyback; domestic currency lost 12% since offer was announced
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
The Rupee is seen strengthening against the dollar.
The dollar strengthened against major world currencies.
Meanwhile, the rupee opened at Rs 46.11/12 per dollar and was quoted at Rs 46.1125/1225 in late morning deals, it changed little from overnight close of Rs 46.1150/1250.\n\n\n\n
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