Page 2 - Rupee Fall News Today

"Depreciation pressures on INR is expected to be higher in the near term with crude oil prices above $90 and dollar strength," Gaura Sen Gupta, economist at IDFC First Bank wrote in a note.

Experts feel RBI intervention is keeping the rupee low, which also helps exports. The only way to control the fall was to keep increasing the already high interest rates. According to them, several factors such as trade deficit, nature of forex reserves and interest rate differential with the US are behind the currency dynamics.

Mumbai, The rupee depreciated 7 paise to 82.25 against the US dollar in early trade on Monday, tracking a strong American currency and outflow of foreign funds

The US dollar index, which measures the value of the US currency against six major counterparts, hit a fresh 15-month low on Friday, , dollar, rupee fall, us dollar index

The rupee ended at 82.0375 per US dollar, compared with its close of 81.7950 in the previous session, , rupee fall

This winter session is expected to be the last session held in the existing Parliament house, , Winter session of Parliament, centre govt, congress, inflation, rupee fall, India China dispute

The RBI governor said that market interventions by the central bank have helped in containing volatility and ensuring the orderly movement of the rupee.

Indian companies are rushing to hedge their overseas dollar debt against further declines in the rupee, a process that threatens to cascade into additional losses for the battered local currency.

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

India's central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a