Rupee falls 9 paise to 82.73 against U.S. dollar in early trade

The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on February 24, 2023. | Photo Credit: The Hindu The rupee depreciated 9 paise to 82.73 against the U.S. dollar in early trade on Friday, weighed down by the strength of the American currency in the overseas market. Sustained foreign fund […]

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Rupee hits record low of 83.06 against U.S. dollar

A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said A sell-off in domestic equities and risk-averse sentiments weighed on the local unit, traders said The rupee depreciated 6 paise to a record low of 83.06 against the U.S. dollar in opening trade on Thursday due to a stronger greenback […]

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Data | Strengthening dollar shrinks foreign reserves across nations

While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern While the fall of the rupee has been relatively moderate, the pace at which India’s foreign exchange reserves are dwindling is a cause for concern The rupee’s weakening exchange rate […]

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Study Abroad: Want to pursue higher studies at a foreign university? Plan early to beat rupee depreciation, says expert

With the fall of the rupee, Indian students may have to plan better, pick up extra loans or maybe even give up their dream of studying abroad. However, Nasser Salim, managing partner at investment services firm Flexi Capital, believes that if parents plan early and in the right way, sending their children abroad for higher […]

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Rupee falls 19 paise to close at lifetime low of 80.98 against U.S. dollar

Equity indices fell sharply by nearly 2% each, extending their decline for the third day running Equity indices fell sharply by nearly 2% each, extending their decline for the third day running The rupee slumped 19 paise to close at a fresh lifetime low of 80.98 against the U.S. dollar on September 23, 2022, weighed […]

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Rupee fall to hit Indian students abroad more than those who are yet to leave, say experts

Impact of Falling Rupee: With the fall of the rupee, Indian students studying abroad, especially in the US, may have to pick up extra loans and finances to ensure they are comfortable, according to experts. As the rupee’s value is depreciating, the tuition fee for Indian students abroad is on the rise, they added. “In […]

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Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

“In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating expenses are U. S. dollar driven,” as per ICRA. “In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating […]

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Annual revenue of 49 auto ancillaries may grow 8-10% in FY23: Icra

While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 basis points in operating margins in 2022-23, with easing of commodity prices and supply-chain issues While cost pressures are likely to continue in first half of the fiscal year, Icra expects year-on-year improvement of 50-75 […]

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