16 Dec 2017 | 8:53 AM
Research Report
Daily

Currency Research Report: Daily Currency Report

Indian rupee opened the session on a weaker note against the dollar and extended its slide as the session progressed.
27 Aug 2013 | 10:00 AM

  • Indian rupee opened the session on a weaker note against the dollar and extended its slide as the session progressed.
  • Rupee weakness was mainly attributed to the month-end dollar demand from oil importers and foreign banks' non-deliverable forwards related dollar purchases have also added to the pressure on the rupee.
  • Rating agency Fitch has cautioned that the constant rupee depreciation may undo financial stability and further slippage can trigger India rating downgrade.