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The Indian rupee is the official currency of the Republic of India. It replaced all the currencies of the previously autonomous states following independence in 1947.

Indian Rupee News Archive

Indian Rupee Loses Value vs. Dollar

The Indian rupee declined today against the US dollar as speculations about potential monetary tightening from the Federal Reserve continues to support the greenback against other currencies, particularly riskier ones.

Indian Rupee Erases Losses

The India rupee retreated today on speculations that the nation’s central bank intervened in order to prevent excessive appreciation of the currency that may hurt the country’s economic growth. The currency managed to pare losses and resumed its rally as of now.

S&P Comments Bolster Indian Rupee

The Indian rupee climbed after Standard & Poor’s praised the efforts of the country’s government to reduce the budget deficit, which may improve the outlook for India’s sovereign credit rating.

Indian Rupee Falls as Importers Step in to Buy Dollars

The Indian rupee fell today as local importers were buying dollars for their needs, while Indian shares demonstrated lackluster performance, suggesting that investors are not particularly interested in the nation’s assets.

Indian Rupee Gains as Exporters Repatriate Earnings

The Indian rupee demonstrated biggest advanced in more than a week today, following yesterday’s massive slump, as India’s exporters were selling dollars to convert their earnings into the local currency.

Indian Rupee Bounces as Rally of Oil Prices Falters

The Indian rupee gained today as falling prices for crude oil eased fears about potential increase of the nation’s trade balance deficit. The currency was heading for a first weekly gain in a month.

Rupee & Rupiah Continue to Fall on Conflict in Iraq

Asian currencies declined today as the conflict in Iraq kept driving prices for crude oil higher, endangering economies of emerging markets. The Indian rupee and the Indonesian rupiah led the decline.

Indian Rupee Suffers from High Crude Oil Prices

The Indian rupee fell today on speculations that rising prices for crude oil will lead to widening of the country’s trade balance deficit. Such prospects hurt the appeal of the nation’s assets.

Indian Rupee Falls, Still Looks Attractive

The India rupee fell today, and analysts say that the most likely reason for the drop is that local importers were buying dollars. The currency dropped even as economic data from the country was rather positive.

Hopes for Reforms from New Government Boost Indian Rupee

The optimism about the election results in India continued to support the rupee, making the currency rally today. The currency has risen 2 percent over the week, demonstrating the biggest advance since September.