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17
BusinessApr 03, 2026 04:26 AM

Rupee climbs 1.6 per cent to settle at 93.18 against USD

Mumbai, April 2: The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank fo ...Read More >

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15
BusinessApr 02, 2026 10:34 PM

Global Tensions Prompt Foreign Investors to Pull Back from Indian Equities | Business

Foreign investors are withdrawing from Indian equities due to global risk aversion amid West Asia tensions, but India's domestic strength remains solid. Ross Maxwell of V T Markets highlights that the retreat reflects a risk-off strategy rather than concerns about India's economic fundamentals, with geopolitical developments impacting investor sentiment. Global investors are retreating from Indian equities, driven by increasing global uncertainties and a 'risk-off' mindset amid ongoing West Asi ...Read More >

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18
BusinessApr 02, 2026 09:03 PM

Rupee strengthens 1.6 pc to settle at 93.18 against US dollar after RBI measures

Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank ...Read More >

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29
BusinessApr 02, 2026 06:14 PM

Indian banks' tighter liquidity may add to margin pressure: Report

New Delhi, Apr 2 (PTI) Margin pressure for Indian banks could increase, as the Reserve Bank of India's (RBI) flexibility to inject local-currency liquidity into the banking system has narrowed amid efforts to contain rupee volatility, a report said on Thursday. However, banks' direct foreign-currency risks remain limited, Fitch Ratings said in a report. "Sector margins could decline by 20-30 bps below our current 3.1 per cent forecast for the financial year ending March 31, 2027 (FY27) if high ...Read More >

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15
BusinessApr 02, 2026 04:29 PM

Rupee strengthens 1.6 pc to settle at 93.14 against US dollar after RBI measures

Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At ...Read More >

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BusinessApr 02, 2026 10:34 AM

To defend rupee, RBI widens forex lens beyond banks to corporate treasuries | Mint

Summary India's central bank is scrutinizing corporate treasury positions amid rupee pressure from capital outflows and rising crude prices. The Reserve Bank of India aims to assess arbitrage exposure rather than immediate regulation, following new rules on banks' open positions in the forex market. With the rupee under pressure from capital outflows and higher crude prices, India's central bank is expanding its scrutiny beyond banks to corporate treasury positions in the foreign exchange mark ...Read More >

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BusinessApr 01, 2026 10:01 PM

RBI announces more actions amid rupee depreciation

Mumbai, Apr 1 (PTI) Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs). The moves follow a "review of evolving market conditions" and are applicable immediately. Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the central bank said in a late-evening notification ...Read More >

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18
BusinessApr 01, 2026 06:52 PM

Business News | Rupee May Weaken to 97/USD in H1FY27 if West Asia Crisis Continues: Report | LatestL...

Mumbai (Maharashtra) [India], April 1 (ANI): The Indian rupee may come under further pressure in the coming months if the ongoing West Asia crisis continues, with the Reserve Bank of India (RBI) likely needing to remain flexible in its approach, according to a report by Yes Bank. The report stated that the rupee could weaken to 97.00-97.50 against the US dollar in the first half of FY27. Also Read | Pune Weather Update: IMD Predicts Heatwaves and Above-Normal Rainfall. "RBI will have to be op ...Read More >

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21
BusinessMar 31, 2026 05:34 PM

Rupee posts biggest annual decline in 14 years, tumbles 9.88 pc in FY26

Mumbai, Mar 30 (PTI) The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking the sharpest decline against the greenback in 14 years. In FY12, the domestic currency declined by 12.4 per cent against the dollar at a time when the current account deficit had widened to 4.2 per cent. In the current fiscal year, the steep depreciation was driven by persistent foreign fund outflows, elevated crude oil prices, and a strengthening dollar globally. Volatility in global financi ...Read More >

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17
BusinessMar 31, 2026 08:27 AM

Oil companies should have a special window for forex, it will ease rupee depreciation: Report

New Delhi [India], March 31 (ANI): Amid sharp volatility in the currency markets and pressure on the Indian rupee, a report by the State Bank of India has suggested that oil marketing companies (OMCs) should be provided a special foreign exchange (FX) window to help stabilise the currency. The report noted that with the rupee witnessing sharp depreciation in a volatile global environment, the large and regular dollar demand from OMCs is adding to market pressure. It is recommended that regulato ...Read More >

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BusinessMar 31, 2026 08:18 AM

Rupee depreciation in line with global currencies amid West Asia conflict, strong forex cushion vola...

New Delhi [India], March 31 (ANI): The recent depreciation in the Indian rupee after February 27 (start of the current conflict in West Asia) remains broadly in line with movements seen in other global currencies, and does not signal excessive weakness, according to a report by the State Bank of India. The report noted that the rupee's movement in the current phase reflects global uncertainty, adding that currencies which had appreciated earlier have corrected more sharply, indicating that usin ...Read More >

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37
BusinessMar 31, 2026 12:16 AM

Weakening Rupee Spikes Foreign Education Costs

Hyderabad: The depreciation of the Indian rupee against foreign currencies like the US dollar due to the West Asia crisis is stepping up financial pressure on families of Indian students studying overseas, particularly in the United States and Canada. A weaker rupee will make tuition fees and living costs more expensive. Families who had already paid the full course fees earlier are feeling relieved, as they managed to avoid the impact of the weaker rupee. However, those who are paying fees sem ...Read More >

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BusinessMar 13, 2026 06:04 PM

India's forex reserves drop USD 11.68 bn to USD 716.81 bn

Mumbai, Mar 13 (PTI) India's forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion. For the week ended March 6, foreign currency assets, a major component of the reserves, decreased by USD 9.880 billion to USD 563.245 billion, according to data released by the central bank. Expressed in dollar te ...Read More >

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25
BusinessFeb 17, 2026 04:43 PM

KRBL Q3 consolidated profit at Rs 170 crore

MUMBAI: KRBL isn't just cooking rice, it's serving up a hearty profit platter even as some costs bubble over. The Delhi-based basmati giant reported consolidated profit after tax of Rs 169.97 crore for the quarter ended 31 December 2025, down slightly from Rs 172.11 crore a year earlier, despite a revenue dip. Revenue from operations stood at Rs 1,476.93 crore (down from Rs 1,681.90 crore), with other income Rs 24.62 crore, pushing total income to Rs 1,501.55 crore. Expenses totalled Rs 1,272.8 ...Read More >

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19
BusinessDec 17, 2025 03:29 PM

Business News | ICRA Flags Margin Pressure for Steelmakers Despite 8% Demand Growth in FY26 | Latest...

New Delhi, [India] December 17 (ANI): Domestic steel demand is expected to remain healthy at around 8 per cent in FY2026; however, continued weakness in steel prices is likely to keep operating margins of steel producers under pressure, according to a report by rating agency ICRA. The report says, the operating environment for domestic steelmakers will remain challenging over the coming quarters amid subdued steel prices, stable but sticky input costs, and an unfavourable global environment. Th ...Read More >

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22
BusinessDec 17, 2025 10:23 AM

Rupee sees high volatility against US dollar in early trade

Mumbai, Dec 17 (PTI) The rupee witnessed high volatility in early trade on Wednesday, as support from easing crude oil prices was offset by uncertainty over the India-US trade deal and persistent foreign fund outflows. Forex traders said the key driver of rupee weakness in December was continued FPI selling across both equity and debt markets, with foreign investors repeatedly selling several billion dollars' worth of Indian assets on a daily basis in the last few months, the selling intensifyi ...Read More >

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BusinessDec 17, 2025 09:40 AM

Gujarat Kidney IPO opens on Dec 22: Check key dates, price band, objective

Gujarat Kidney IPO: Gujarat Kidney and Super Speciality, a multispeciality healthcare services provider, is set to launch its initial public offering (IPO) for public subscription on Monday, December 22, 2025. The company aims to raise ₹250.8 crore through a fresh 22 million equity shares. There is no offer for sale (OFS) component. The company has reserved not less than 75 per cent of the net offer for qualified institutional buyers (QIBs), not more than 10 per cent for retail investors, and n ...Read More >

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16
BusinessDec 17, 2025 09:33 AM

Rupee will depreciate further, no need to panic or worry: Axis Bank chief economist

The rupee is expected to weaken further, reaching 92-94 against the dollar by June 2027. Experts believe this is not a cause for alarm given India's strong foreign exchange reserves. Investment commitments from foreign firms and manageable balance of payments support the currency's fundamentals. Challenges stem from speculative aspects and foreign investor sentiment. Mumbai, Axis Bank chief economist Neelkanth Mishra on Tuesday said the rupee is likely to depreciate further, and there is no nee ...Read More >

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BusinessDec 17, 2025 06:53 AM

Rupee slides to record low of 91.08 amid FII outflows, FDI repatriation

Kolkata: The rupee, already the weakest Asian currency this year in a back-loaded retreat against the US dollar, Tuesday breached the 91 mark for the first time on unabated outflows from local assets by overseas investors. The currency, which Tuesday touched a fresh all-time low of 91.08, has depreciated over 6% this year against the US dollar, the world's reserve currency in which both traded and investable assets are priced across geographies. 'Pace of Decline to Slow' Nearly half of that d ...Read More >

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BusinessDec 16, 2025 10:10 PM

Axis Bank Expects India GDP To Grow 7.5 per cent

Mumbai: India's economy is expected to grow above 7.5 per cent in real terms in FY27, supported by easing fiscal and monetary conditions, low inflation, and ongoing regulatory reforms, according to Axis Bank's India Economic Outlook 2026 report. "With fiscal and monetary headwinds receding, GDP growth has picked up in FY26. In FY27, the pace of fiscal consolidation should slow further (20bps), and lagged effects of monetary easing should become visible, pushing growth to 7.5 per cent (above tre ...Read More >

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BusinessDec 16, 2025 09:35 PM

Rupee Breaches 91 On Continuous Foreign Outflows, Uncertainty On India-US Trade Deal

MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop ...Read More >

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BusinessDec 16, 2025 09:17 PM

Rupee breaches 91 mark against US dollar; govt cites trade gap, delay in India-US deal for decline

Mumbai, Dec 16 (PTI) The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday, even as the government attributed the currency's slide to the widening trade gap and developments related to the India-US trade deal. During the session, the local unit tanked below 91 and hit its lowest level of 91.14 against the US dollar. However, it recouped some of the losses towards the end of the session, settling at 90.93, down 15 paise from its previous close. The I ...Read More >

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BusinessDec 16, 2025 08:41 PM

Rupee hits new all-time low, ends 15 paise down at 90.93 Vs USD; govt cites trade gap, delay in Indi...

Mumbai, Dec 16 (PTI) The rupee descended to a fresh record low, breaching the 91-a-dollar mark for the first time before ending 15 paise weaker at 90.93 against the greenback on Tuesday, even as the government in the Rajya Sabha attributed the sliding currency value to the widening trade gap and developments related to the India-US trade deal. During the session, the local unit lost 36 paise from its previous close to hit its lowest-ever level of 91.14 against the greenback, but strengthened sl ...Read More >

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20
BusinessDec 16, 2025 08:29 PM

Foreign investors sold Indian shares at Rs 145 crore every trading hour in 2025

Foreign investors have been selling Indian stocks at a pace never seen before in Indian markets. In 2025 so far, FIIs have dumped equities at a rate of nearly Rs 145 crore every trading hour. Yet, this entire shock was absorbed by domestic institutional investors, armed with continuous SIP flows. FIIs have sold more than Rs 2.23 lakh crore worth of Indian equities through the secondary market this year. Spread across the trading calendar, this works out to roughly Rs 900 crore of net selling ev ...Read More >

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BusinessDec 16, 2025 12:26 PM

Indian investors increasing widening their investment portfolio in overseas market: Report

New Delhi, Dec 16 (PTI) Indian investors are increasingly broadening their exposure beyond single-stock investments to include US equities, index and thematic ETFs, private market opportunities, and global funds, a report said. This reflects a more structured approach to portfolio construction and a growing comfort with global market participation, a report titled 'How India Invests Globally 2025' by Vested Finance. According to the report, broadening access to research, digital tools, and edu ...Read More >

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BusinessDec 15, 2025 08:05 PM

Wholesale Inflation Goes Down By 0.32pc In November

New Delhi: Wholesale inflation in November this year was in a negative zone, down by 0.32 per cent due to falling prices of food articles, oils and electricity. However, the figure was still 0.71 per cent up as compared to the previous month, when the WPI recorded a sharp plunge registering at (-) 1.21 per cent in October and 2.16 per cent in November last year. This increase in November, however, is attributed to the month-on-month increase in the prices of pulses and vegetables, the government ...Read More >

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BusinessDec 15, 2025 05:40 PM

Business News | Indian Stock Market Begins Week on Negative Note, Nifty Closes Above 26,000 | Latest...

Mumbai (Maharashtra) [India], December 15 (ANI): The Indian stock market on Monday begin the week on a negative note with Nifty managing to close above 26,000 in the volatile session. Sensex and Nifty 50 ended in the red. Sensex ended 54 points, or 0.06%, lower at 85,213.36, while the Nifty 50 closed at 26,027.30, down 20 points, or 0.08%. Also Read | iPhone 16 Pro Flipkart Price Drop Alert: Apple's Premium Model Available at Discounted Rates; Check Current Price, Specifications and Features. ...Read More >

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BusinessDec 15, 2025 11:28 AM

Sensex falls over 350 points, Nifty below 25,950 as foreign outflows keep D-St on edge

Indian equities opened the week on a weak footing Monday, with the Sensex and Nifty snapping a two-session rally as persistent foreign investor selling and lingering uncertainty around a potential U.S. trade deal tempered risk appetite. The S&P BSE Sensex slipped over 350 points, to trade at 85,900, while the NSE Nifty 50 fell over 100 points, to slip 25,950, with early losses reflecting investor unease over global and policy-related headwinds. On the 30-share Sensex, Mahindra & Mahindra, Tren ...Read More >

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BusinessDec 15, 2025 11:05 AM

Rupee depreciation offers limited export benefit, hurts labour-intensive sectors: Report

New Delhi [India], December 15 (ANI): The recent depreciation of the Indian rupee has reignited debate on whether a weaker currency genuinely enhances India's export competitiveness. A new report by Systematix Research says that currency depreciation delivers uneven outcomes across sectors and, in many cases, worsens the trade balance rather than improving it According to the report, sectors such as electronics, chemicals, machinery and petroleum products do see an apparent export benefit from ...Read More >

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BusinessDec 14, 2025 03:47 PM

CII lays out investment roadmap for Budget 2026-27

India's economic future depends on strong investment. The Confederation of Indian Industry (CII) proposes the Union Budget 2026-27 boost public spending and private sector investment. CII suggests tax credits and easier compliance for businesses. They also recommend attracting foreign capital through an NRI Investment Promotion Fund. Simpler borrowing rules and a single-window system for foreign investments are also key. India's next phase of economic growth will depend on steady and strong inv ...Read More >

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