Depreciating Rupee News Today

Efforts to prop up the currency have failed to significantly keep it from hovering near the all-time low amid a dovish pivot by the RBI, soaring inflation, and trade imbalances.

SpiceJet on Wednesday reported a net loss of Rs 789 crore in the first quarter of the current financial year as the company business was severely impacted due

Sales in second half of the year could be better than the first half with the softening of the commodity prices, speculate market watchers.   

As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupees value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

InterGlobe Aviation, which operates IndiGo, on Wednesday said its consolidated losses widened to ₹1,682 crore in the March quarter on the back of rising fuel costs, a depreciating rupee, and a covid-induced fall in demand in early January

Infosys plunged over 9% yesterday after the company posted its earnings. The fall was primarily because brokerage houses lowered their margins.

Price uptrends weren’t mere blips and the Ukraine crisis has worsened our price-stability prospects