The rupee seems to be caught in a vicious cycle. Sustained foreign portfolio outflows have exacerbated the rupee’s fall and the currency’s depreciation, in turn, has led to a flight of capital.FPIs have net sold equities worth $21.8 billion since the war broke out between Russia and Ukraine on February 24. Net sales in the year to date is nearing $30 billion and is already the highest for any ...

The Indian Rupee is likely to depreciate further amid worsening global scenario and pressure on the domestic assets. The steps taken by RBI could definitely have a short-term psychological positive impact on foreign fund inflows but the worries remain intact as long as capital outflows counties and the trade deficit widen. Rupee declined against the US dollar on Thursday as the hawkish stance of t...

The Indian rupee depreciated 14 paise to fresh lifetime low of 79 against the US dollar in opening trade on Wednesday amid persistent foreign capital outflows and elevated crude oil prices. At the interbank foreign exchange, the local unit opened on a weak note at 78.86 against the greenback, then lost ground to quote at 79 — its all-time low level, registering a fall of 14 paise from the previo...

Rupee depreciated in the week amid unabated foreign fund outflows. Meanwhile, sharp downsides were restricted due to ease in crude oil prices Dollar index depreciated amid weak economic data and fall in US treasury bond yields. Further, dollar was pressurised by fears that the US economy could slide into recession. Federal Reserve Chair Jerome Powell said, higher rates are painful but are the mean...

Rupee depreciated in the previous week majorly on the back of strong dollar and fall in domestic indices. Meanwhile, drop in crude oil prices provided some cushion. Dollar index edged higher amid fears of a global economic slowdown and steep interest rate hike by the US Federal Reserve. US Federal Reserve decided to raise interest rates by 75 bps to a range between 1.50% and 1.75%. They projected ...