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Top News In Rupee Weekly Outlook Today - Breaking & Trending Today

Forex reserves back in red, drops to 3-month low at $560 billion

As per RBI s latest report, India s reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to $562.40 billion. ....

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Rupee declines as US Fed's Powell stokes fears of high-interest rates

Eleven of the 13 major sectoral indexes declined, with high-weightage information technology shedding 0.7% ....

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Rupee nears fresh 1-month high against dollar as bond yields retreat, positive equities

Rupee took lead in the gains in Asian currencies against the US dollar. South Korean won and Malaysian ringgit also appreciated. However, the upside was capped due to fears that central banks across the globe would keep raising rates and the Chinese government setting a modest growth rate of 5% for the economy in 2023. ....

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Rupee depreciates against dollar as yuan weakens on Covid surge; ends at 81.84

This week, the Indian currency is expected to range between 81 to 83 per dollar as the dollar is expected to gain momentum. Also, manufacturing and services PMI data of major economies will likely sway sentiment in the current week. ....

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Rupee may hover near 81 against dollar in the coming week

On the back of the strong greenback, stubborn offloading of risker assets by overseas investors, and fear of global recession amidst inflationary pressure, monetary policy tightening, and geopolitical tensions - the rupee has stayed vulnerable against the American currency. ....

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