archiverupee

The weakening rupee has started impacting Indian corporates that have gone for foreign currency borrowings, compounding concerns at a time when trade wars and economic slowdown are casting a shadow over global growth prospects. The five per cent depreciation in the rupee since April 2024 has directly increased the rupee equivalent of debt repayment for companies relying on external commercial borrowings (ECBs) by the same percentage, pinching the corporate sector.There could be more trouble in the offing as there are clear indications from the RBI that it may not be...

The rupee witnessed high volatility in morning trade on Wednesday, as the support from positive domestic equities was weighed down by significant pressure from global uncertainties prompting investors to take the cautious path. Forex traders said the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank foreign exchange, the rupee opened at 86.56, and fell to a low of 86.71 against the greenback in a highly volatile morning session. On Tuesday, the rupee fell 13 paise to 86.58...