The Indian rupee strengthened today after the Indian central bank kept its key interest rate unchanged in an effort to support the nation’s economy and the currency, but outlook for the rupee remained bearish.
Indian Rupee INR
Detailed information and fundamental factors
Central Bank: Reserve Bank of India
Interest Rate: 6.00%
Public Debt to GDP Ratio, 2010: 50.6%
Trade Balance, 2010: -$132.1 bln.
Inflation, 2010: 12%
Supporting Factors
High-yielding interest rates
medium
Factors of Weakness
High-risk emerging country
medium
Indian Rupee News Archive
Rupee Falls Despite Help from RBI
December 22nd, 2011 at 18:27
Indian Rupee
The Indian rupee weakened today on the speculation that the currency will continue its awful performance in the next year even as the nation’s central bank has taken steps to bolster the Indian currency.
Rupee Rebounds from Record Low
December 16th, 2011 at 9:51
Indian Rupee
The Indian rupee gained today, following yesterday’s drop to the all-time low, as the nation’s central bank stepped in, announcing measures to curb the volatility on the foreign-exchange market.
INR Reaches Record Low vs. USD
December 13th, 2011 at 3:19
Indian Rupee
The Indian rupee reached the record low price versus the US dollar yesterday as the nation’s industrial production declined and Europe deterred investors from buying riskier currencies of emerging markets.
Rupee Falls, Will Central Bank Intervene?
The Indian rupee fell today, reigniting the speculation that the nation’s central bank will intervene to support the currency as the excessive depreciation of the rupee may lead to a surge of the inflation.
Indian Central Bank Plans to Stop Rate Hikes, Rupee Isn’t Bothered
December 01st, 2011 at 4:12
Indian Rupee
The Indian rupee rose today despite the speculation that the slowing economic growth will cause India’s central bank to pause its interest rate hikes.
Rupee Rebounds as Central Bank Supports Currency, But Falls Again
November 23rd, 2011 at 12:54
Indian Rupee
The Indian rupee rebounded today after seven sessions of decline on the speculation that the central bank will intervene to stem the currency’s losses, but resumed its drop later.
India’s Rupee Drops to Record
November 22nd, 2011 at 20:24
Indian Rupee
The Indian rupee sank today as the negative outlook for the country’s economy and the unfavorable developments in the global economy hurt the prospects for the currency.
India’s Rupee Rebounds on Inflation Pressure
The Indian rupee climbed today after the previous decline as the currency’s weakness spurred the speculation the central bank will intervene to support the currency and trim the inflation.
USD/INR Above 50, Will RBI Intervene?
October 21st, 2011 at 13:31
Indian Rupee
The Indian rupee fell below 50 per a dollar today on the signs of an economic slowdown in India, spurring the speculation that the nation’s central bank may intervene to support the currency.