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The Indian services and the depreciation in the rupee

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Published in [n.p .
Written in English


Book details:

The Physical Object
Pagination16 p.
Number of Pages16
ID Numbers
Open LibraryOL24185994M
OCLC/WorldCa60676001

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  Rupee's Appreciation Has Been Softer Against Dollar's Depreciation In July US dollar index dropped % and the Indian rupee appreciated against the greenback by a mere 1%, Bloomberg data showed.   The rupee has depreciated due to varied factors. Depreciation refers to its fall against the U.S. dollar while appreciation means the opposite. When the rupee depreciates, Indian buyers pay more to purchase a good or service priced in dollars and vice versa during : Ranen Banerjee.   History of Indian Rupee: A comparison of Indian Rupee Value vs US dollar. Since October , the exchange rate of INR per USD has depreciated from Rs to Rs – as of 9 th January Here is a historical data of the exchange rate of Indian rupee per US Dollar. The value of the Indian rupee against dollar has significantly declined to the level of Rs Fall in the rupee has become a matter of concern as it can slow down the economic growth, corporate earnings, and can lead to market volatility. Currency depreciation for any developing economy could be a major stumbling block in its growth.

  Similarly, between and , while the rupee slumped from to , the Indian equity market saw FPIs pumping in about Rs lakh crore. Since , again, the rupee .   With the Indian economy projected to contract this year, the rupee may slip to even 80 a dollar, according to experts. For several products like textiles, India is operating at a thin margin of per cent, and hence, a 6 per cent depreciation in the rupee makes a big difference.   The Indian Rupee has fallen in value against a basket of currencies since independence in In recent years, the Indian Rupee has continued to depreciate in value. Indian Rupee value against US Dollar. In , you could buy $1 for 16 Indian Rupees. By , the value of a Rupee had fallen, so that you would need 65 Indian Rupees to buy $1.   Washington: Compared to December , the real effective depreciation of Indian rupees is between six and seven percent, says an IMF estimate. Broadly since the beginning of the year, Indian rupee has lost about 11 percent of its value in nominal terms vis a vis the US dollar", said IMF spokesperson Gerry Rice, responding to a question on the fall of the Indian currency in the last few .

This will help limit the extent of rupee depreciation, the rating agency said, adding it has revised down its average Brent oil price forecast to USD a barrel, from USD 62 previously.   Rupee opens 14 paise up at against dollar 16 Jun, , AM IST “We expect the rupee (Spot) to quote in the range of and ,” brokerage Motilal Oswal Financial Services . The rupee has depreciated by % in the past three months. If anyone has questions on what impact this will have on the profits of IT services companies, the last place they should look is a.   BENGALURU: Indian IT services companies could see improvement in margins by as much as basis points in their second quarter results due to the depreciating rupee against the US dollar, based on factors such as level of offshoring and hedging policy, say analysts. Companies such as Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Tech Mahindra and Mindtree .