The most expensive player in IPL history, the English all-rounder showed why he is worth every rupee of the Rs 16.25 crore (Rs 162.5 million) spent on him by his franchise.
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
A weak US dollar in overseas markets was the main reason for the rupee's rise even as losses in domestic stocks and some fag-end dollar demand from importers prevented further gains
A weak dollar against major world currencies supported the domestic unit.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
The rupee gained for the second day, adding 32 paise to close at a fresh two-month high of 61.07 against the dollar amid a rise in local equities and sustained capital inflows.
The public sector behemoth is looking at forming joint ventures with states.
The RBI fixed the reference rate for the dollar at 63.8061 and for the euro at 69.6571.
The rupee had shed 10 paise to close at 66.14.
Unwinding of long dollar positions ahead of the US job data backed the rupee sentiment
For the week, the battered rupee gained 26 paise against the greenback
Unwinding of long dollar positions by banks too aided the sentiment
India's current account deficit narrowed sharply to just $300 million
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
Weakness of dollar in the overseas market also boosted the rupee value.
In line with rally in stocks, the Indian rupee on Monday appreciated for the second straight session and closed with a eight paise gain at a one-week high of 61.36 against the Greenback.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
The rupee plunged by 28 paise to more than 2-month low of 66.47 against the US dollar on Monday.
The steady inflows from systematic investment plans (SIPs) into mutual funds (MFs), coupled with outflows from debt schemes, has propelled the share of SIPs in the total assets being managed by the industry to a new high of 17.1 per cent in February. SIPs are used predominantly by retail investors. Nearly seven of every 10 SIP accounts are in equity-oriented active MF schemes.
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
The rupee resumed lower at 61.15 per dollar as against the last weekend's level of 61.07 at the Interbank Foreign Exchange market and hovered in the range of 61.15 and 61.28 before quoting at 61.24 per dollar at 1030 hours.
Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.
The rupee resumed marginally lower at 67.24 per dollar against Wednesday's closing level of 67.21.
Indian rupee appreciated by 35 paise to end at two-week high of 63.03 against the greenback.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
Weak dollar against other currencies overseas supported the rupee
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
The domestic currency has gained 9 paise or 0.13 per cent in two days.
Fresh dollar selling by banks and exporters largely helped the home currency to recover from early losses
Rupee ends day at 61.91 against the US dollar.
Tracking local stocks, rupee on Tuesday regained 19 paise to end at 61.85 against dollar as reports of easing geopolitical tension between Russia and Ukraine helped emerging market currencies script a smart recovery.
The stubbornly high global crude oil prices are opening up a can of worms to heightened inflation risks and likely to disrupt government's fiscal maths along with deteriorating global financial conditions.
The rupee appreciated by 29 paise to close at 63.38 against the greenback following fresh dollar selling by exporters.
The domestic currency had last touched 65-level and ended at 65.24 on September 6, 2013. It moved in a range of 64.63 and 65.23 during the day.
The dollar index was trading higher by 0.06 per cent against its major global rivals today.
Traders said stockists selling in line with a weak global trend as stronger dollar reduced appeal for the precious metal, led to decline in gold prices.
Snapping its two-day gains, the rupee on Monday declined by 48 paise to settle at nearly four-week low of 62.17 against the US currency.
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