Rupee hit a new low against the dollar on Thursday (1 $ = 60 INR ) after the US Federal Reserve said it could start to reduce stimulus measures for the US economy.
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Rupee hit a new low against the dollar on Thursday (1 $ = 60 INR ) after the US Federal Reserve said it could start to reduce stimulus measures for the US economy.
Rupee may go even to more low levels, I was reading analysis and it was said that if economic conditions remained same then it may go down to 70 levels.
It is really bad, if that happens we will see inflation soaring at even higher rates.
If it goes more higher then we have big trouble of Inflation.
Indian rupee recovered against the dollar and recover to 60.40, Yesterday it was closed on 60.76,
Indian rupee recovered against dollar and closed on 59.51 ..
1 USD = 70 INR .. Indeed that would be a very worse condition and bad news for economy. Only people who would be rejoicing at this would be the BPO industry or exporters who would get more money for their services as they deal in USD currency.Quote:
Originally Posted by Savera
Current situation on 1 USD = 59.43 INR, looks good sign for economy.
Just for better understanding.. what according to experts should be the ideal rate between INR and USD?
Rupee fell to 60.03, due to strong demand of dollar intraday trade afternoon
Rupee is going record low, Dollar has dominated rupee
Coal India reversed initial losses triggered by weak Q1 result. Bank stocks declined, with ICICI Bank, State Bank of India (SBI) and Bank of Baroda (BoB) hitting 52-week low. The market breadth, indicating the overall health of the market, turned positive from negative.
The BSE Sensex was 43.82 points up at 19207.84 & The CNX Nifty was 8.30 points up at 5686.20. The Indian Rupee was 0.41% strong against USD.
Rupee fell all time low 61.80 on Tuesday. The BSE Sensex was 38.41 points down at 18694.63 & The CNX Nifty was 14.20 points down at 5528.05. The Indian Rupee was was 0.92% week against USD.
The rupee fell as much as 2.2% to 65.56, heading for a sixth straight session of declines, and is down 16% so far this year. I wonder what will happen ?
Rupee is going down and down... It might reach or pass 70. This will bring huge inflation, Government must do something.
Its already effecting things. Govt. has increased import duties on Gold, it may in turn encourage Gold smuggling.. Why Govt. is not trying to encourage exports.. ?.. that way only things can get balanced.
I think government should stop importing various goods, and we have to increase export goods to international market.Quote:
Originally Posted by Savera
Who Moved and Why 23 aug 2013
1) Gitanjali Gems drops after a foreign bank sold 0.61% stake in the jewellery firm in a bulk deal.
2) Sequent Scientific surged, extending recent rally triggered by the company's promoters converting warrants into equity shares at a high premium.
3) Bajaj Corp surged, with the stock extending Thursday's gain triggered by securing board nod for acquisition skin care brand from Ozone Ayurvedics.
4) Shree Ganesh Jewellery House jumped after the company said it allotted 12.80 lakh equity shares at Rs 125 each to a non promoter.
Indian rupee also managed to bounce back on RBI measures and was trading around sub 67 levels after slipping to a fresh record low of 68.80 per dollar on Wednesday.
The BSE Sensex was 251.38 points up at 18871.10 & The CNX Nifty was 71.75 points up at 5543.43. The Indian Rupee was 0.14% week against USD.
Rupee staged a sharp rebound against the dollar. Metal and mining stocks edged higher as a private survey showed growth in China's services sector hit a five - month high in August. Among IT stocks, the market breadth, indicating the overall health of the market, was strong. The BSE Sensex was 343.65 points up at 18578.31 & The CNX Nifty was 111.25 points up at 5452.70.
The market breadth, indicating the overall health of the market, was strong. Indian stocks surged and the rupee rose today, 5 September 2013, after the new central bank Governor Raghuram Rajan announced plans late on Wednesday to bolster the financial industry and stabilize the rupee. Realty stocks rose on renewed buying. Auto stocks also participated in the rally.
64.11 INR/Dollar Rupee rose to a two-week high against the dollar on receding geopolitical risks from Syria.
Two wheeler makers rose on expectations of pickup in sales during the upcoming festive season and on hopes good rains this year will boost rural sales. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 88.55 points down at 19908.54 & The CNX Nifty was 20.55 points down at 5876.20.
The Indian Rupee was 1.29% strong against USD. 1 INR = 62.50 Dollar. Bank stocks gained across the board. The market breadth, indicating the overall health of the market, was positive. The BSE Sensex was 10.50 points up at 19743.26 & The CNX Nifty was 2.60 points up at 5853.20.
Weakness in the rupee and losses in Asian stocks weighed on sentiment. Mahindra & Mahindra (M&M) rose for the third straight day on expectations of increase in tractor sales due to good rains this year.The BSE Sensex was 2.07 points down at 19740.40 & The CNS Nifty was 2.15 points down at 5838.40.
Rupee to hover around 65/USD level, currently rupee down to 63.71 as compared to 61.41 in last month September 2013, earlier it has hovered to 63 to 69 per USD level in August 2013
We should not become jubilant in such slight raise or downfall of the conversion rate between Rupee and Dollar.
The current stability (despite of few ups and downs) is due to a large amount of foreign investment in October.
No stimulus package is available to relieve us from unnecessary calamity
Thanks sharing valuable information .
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Today's trend of rupees against dollar Dollar-Rupee
61.9700 -0.07 (-0.11%)
It is good market standard in dollar is situated at the lowest level in month.
Today's Rupee Level
Dollar-Rupee
62.1300 -0.09 (-0.14%)
Today Indian Rupee against Dollar 60.175. Where as Euro equals 83.9495 and Sterling pound 100.4927
This will continue happen of rise and fall upto election then it is say that it turn to be big change in the rupee dollar market.
Today Rupee Market
The Indian rupee opened with marginal gains of 5 paise at 60.59 per dollar on Tuesday as against previous day’s closing value of 60.64 a dollar.
This is very good news. It will bring good news for share market also.
Indian Rupee Live Spot Dollar to Rupee 61.4950 0.09 (0.14%)
Today INR opened at 67.49 per dollar. It is down by 14 paisa . There are several factors which are responsible behind these price movements in commodities.