Rupee Hits Lifetime Low: The Indian Rupee hit a lifetime low level of 80.43 on Thursday after US Fed’s decision to hike interest rate by 75 basis points yet again. The domestic currency opened at a record low of 80.2850 per US dollar, down from the previous close of 79.97.
Rupee
Rupee has come under Intense Selling Pressure
The rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds, which analysts believe will continue to pummel the Indian currency in the months ahead as well. Earlier in July, rupee tested record lows and breached the Rs 80 per US dollar level at least twice, recovering only after the Reserve Bank of India (RBI) stepped in to stem the depreciation. Since then, the rupee has regained some ground and has been trading in the 78.50-79.80 range. One of the reasons behind the rupee’s fall was strong demand.
Rupee Down 15 Paise To All-Time Low Of 79.60 Against US Dollar
The rupee declined 15 paise to close at a new lifetime low of 79.60 (provisional) against the US dollar on Tuesday as a strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments.
सोना आयात शुल्क 5% बढ़ा [01-07-2022]
30 जून को जारी एक सरकारी नोटिस के अनुसार, भारत ने सोने पर मूल आयात शुल्क 7.5 प्रतिशत से बढ़ाकर 12.5 प्रतिशत कर दिया है। यह कदम भारत के सोने के बाद दुनिया के दूसरे सबसे बड़े कीमती धातु उपभोक्ता के रूप में सोने की आमद को कम करने के लिए उठाया गया है। बढ़ते व्यापार घाटे ने रुपये को रिकॉर्ड निचले स्तर पर धकेल दिया। यह पिछले साल के केंद्रीय बजट प्रस्तावों का उलट है, जहां वित्त मंत्री निर्मला सीतारमण ने सोने पर सीमा शुल्क को 12.5% से घटाकर 7.5% करने की घोषणा की थी। उस समय सोने पर कुल शुल्क 10.75% था, जिसमें उपकर, सामाजिक कल्याण अधिभार और जीएसटी शामिल थे।
Rupee Gains As Traders Position For LIC IPO Inflows
The Indian rupee advances for a second day as traders cite inflows ahead of the mega share sale of Life Insurance Corp. of India, likely by mid-March. Bonds are lower with traders waiting to see if the government cancels the last auction of the fiscal year
Rupee Bond Traders To Await Rs 26,000 Crore T-Bill Sale
Indian bond traders will look forward to a Rs 26,000 crore ($3.5 billion) Treasury-bill sale on Wednesday. Trading volumes may be muted ahead of the central bank’s monetary policy review on Thursday.
Rupee, Bonds May Fall After Federal Reserve’s Hawkish Pivot
Indian government bonds and the rupee are likely to come under pressure after the Fed opened the door to more and faster-than-anticipated rate hikes.