Personal Finance: A depreciating rupee is more worrisome than high domestic equity prices
A depreciating INR (against the USD) has several implications, rising domestic inflation being the most worrying
Source: moneycontrol.com
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Exporters unable to leverage rupee depreciation to boost export order value: Industry
There is a shortage of foreign exchange with India’s major export destinations, including Latin America and Africa.
Source: moneycontrol.com
Rupee's dive traps FPIs with unhedged govt bond positions
Foreign portfolio investors, having splurged on government bonds ahead of India's inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successive technical levels amid a retreating Chinese yuan and lack of significant market interventions by the Reserve Bank of India.
Source: indiatimes.com
Rupee falls 1 paisa to 83.38 against US dollar in early trade
In the domestic equity market, the 30-share BSE Sensex was trading 20.84 points or 0.03 per cent lower at 69,530.19 points. The broader NSE Nifty inched up 5.15 points or 0.02 per cent at 20,911.55 points.
Source: indianexpress.com
Weakening rupee is a much-needed shot in the arm for Indian exports
A weak currency does not necessarily mean a weaker economy. In fact, a weak rupee supported by good quality products, can actually boost exports despite global slowdown and attract investments into India
Source: moneycontrol.com