India's battered rupee is expected to stay that way for a while, trading near recent record lows over the coming year even as the Reserve Bank of India is forecast to raise rates in December and once more in 2019, Reuters polling found.

No rebound for India's reeling rupee seen likely in coming year: Poll

The rupee made a cautious recovery of 18 paise to 73.88 against the US dollar Tuesday on fresh selling of the American currency by banks and exporters. Besides, the dollar's overseas weakness, easing global crude oil price and higher opening in the domestic stock market supported recovery in the domestic unit, traders said.

Rupee recovers 18 paise against US dollar at Rs 73.88

The rupee on Thursday crashed to a historic low of 73.81 to the dollar due to the twin-impact of capital outflows triggered by surging US Treasury yields and crude oil prices racing to a four-year high.

Rupee crashes to all-time low of 73.81 on capital outflows, surging oil prices

The rupee on Thursday opened on a positive note against the American dollar at 72.41, almost 20 paise up. This comes a day after the Indian government decided to hike import tariffs on 19 "non-essential items" in a bid to strengthen the tumbling Indian currency.

Rupee up by 20 paise against US dollar at Rs 72.41

Continuing its uptrend, the rupee firmed by another 53 paise to trade at over a two-week high of 71.84 against the US dollar in early trade Friday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.

Rupee at 2-week high, markets open in green

Kolkata-based businessman Paras Mal Lodha was arrested for converting over 25 crore old currency into new

Enforcement Directorate arrests businessman for money laundering

Many were caught off-guard, others welcomed the move but maintained that steps should be taken to ensure people don't face any difficulty

Rs 500, Rs 1000 notes pull-out: People scramble to ATMs, gas stations in India

The surprise step is designed to bring billions of dollars?worth of cash in unaccounted wealth into the mainstream economy

Indian markets likely to welcome withdrawal of Rs 500, Rs 1000 denomination currency notes

indian-currency

Indian Currency, News on Indian Currency, stories on Indian Currency, articles on Indian Currency, Indian Currency stories at Wion, Indian Currency news, Indian Currency latest news

indian currency