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Regulatory Tweaks: Limited Support To Forex Flows But Strong INR Signaling Intent

The recent policy moves both on government and monetary regulatory front aim at managing inflation, and lingering twin deficits as well as the funding of CAD, Emkay Global has said in a report. The recent regulatory actions by the RBI pertaining ...

Rupee Trades Lower At 71.31 Per US Dollar

Indian rupee opened on Thursday lower at 71.25 as against previous close of 71.23 per US dollar. On the first day of CY 2020, the rupee closed with gains as current account deficit for the quarter ended September narrowed as ...

Rupee Close To 70 Per US Dollar: Things To Note

On Monday, Indian rupee after opening at 69.75 per US dollar versus the last close of 69.35 was dragged to day's low of 69.88, the lowest level since March 11. The sharp fall in the domestic currency came on the back ...

India's Q3 CAD Widens To 2.5% Of GDP

India's current account deficit widened (CAD) to 2.5 percent of GDP (gross domestic product) in the third quarter of the current fiscal 2018-19 from 2.1 percent a year ago, primarily on account of a higher trade deficit despite a surge in ...

India's Q2 Current Account Deficit Widens To 2.9% of GDP

The country's current account deficit (CAD) widened to 2.9 percent of the gross domestic product (GDP) in the July-September quarter. During the same quarter last year, it stood at 1.1 percent. RBI (Reserve Bank of India) said that it was mainly ...

Lower Crude Oil Price To Ease India's CAD: Report

As per the SBI Ecowrap report, lower crude oil prices that have receded sharply to an extent last seen 4 years back, the country's CAD i.e. the difference between foreign currency outflows and inflows is likely to settle at a better ...

Rupee’s Likely Recovery Path To Between 69 And 68 In Coming Months

Rupee this year has lost a great deal due to number of reasons primarily being the crude oil price rise that exceeded in price to as high as 77 per barrel and now given the concerns around economic slowdown and production ...

Rupee's Sharp Jump To 72 Level In A Month: Here's An Explanation

The rupee in Wednesday's trade showed sharp resilience and surged to levels of 72 against the US dollar for the first time since September 21. Here are explained some of the major reasons which pulled the home currency back from 74.5 ...

Rupee In Trouble With Year-end Forecast At 76.50 Per US Dollar

In a Bloomberg survey, the currency expert at ING based out of Singapore has estimated the rupee's forecast for the year end at 76.50 even as the currency is making a rebound. At 11:08, the rupee gained ground and was trading ...

Centre Hikes Import Duty On Some Communication Parts To Up To 20%

The centre on Thursday in a bid to check rupee's plunge and ballooning current account deficit (CAD) hiked import tariffs on some select communication components that include base stations, by up to 20%. In a notification, the Central Board of ...

Govt Proposes More Import Curbs To Strengthen Battered Rupee, CAD

In order to provide some relief to ailing rupee, which has lost over 14% in value so far this year, and curb ballooning current account deficit, the Indian government is mulling over a proposal to hike import duty on an array ...

More Steps To Stabilise Rupee, CAD To Be Taken: Jaitley

On the sidelines of the 16th Hindustan Times Leadership Summit, Finance minister Arun Jaitley today said more measures will be taken to stabilize rupee and tame current account deficit. At the same time, he assured business community that our country will ...

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