Falling Rupee News Today

The Indian rupee has depreciated around 20% over the past two to three years. Banks are unable to help you hedge the increasing cost of fees and expenses that you will incur if the rupee continues to depreciate. How can you manage this risk of depletion of the education corpus?

Except for sound forex reserve and external debt, other indicators like weak and K-shaped recovery, and high fiscal deficits point to a prolonged crisis

The cost for studying in the US has gone up by Rs 1.5 to 2 lakh per year, Indian students abroad are also facing problems in finding accommodation due to the increase in the prices of hostels and homestays. 

Sensex Nifty crash: Amid the ongoing selling in the stock market, market capitalisation of the BSE-listed firms tanked to Rs 270 lakh crore in the afternoon trade on September 26 from Rs 283 lakh crore on September 20.

The efficacy of these new measures will be minimal as they are introduced for a brief and temporary period.

The RBI Governor has put up a 4-point strong defence in favour of the rupee value against the US dollar.

Forex traders said the rupee is hovering around 80 level as the overall gains in crude prices in the last few days, wherein Brent has risen above $106 per barrel mark, is putting pressure on the local unit.

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

The RBI's currency reserves have fallen by more than $60 billion from its peak of $642.450 billion in early September, in part due to valuation changes, but largely on the back of dollar selling intervention.

Analysts on Dalal Street believe that investors should keep an eye on export-oriented sectors as the rupee slipped to a fresh all-time low of 80.06-mark against the US dollar on Tuesday. The local currency has depreciated nearly 8 per cent on a year-to-date (YTD) basis due to the strengthening greenback and Fed’s monetary tightening bias despite the weakening growth outlook.