[ad_1] essence TCS’ dollar-denominated revenue is expected to increase by 1.9% sequentially to $6,824.5 million, compared to a 2.6% increase in the prior quarter, according to an average of estimates from ETIG and eight brokerages. A weaker euro and pound against the dollar will impact the reported growth, even though constant currency (CC) growth is expected to exceed 3-4%. ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report a moderation in sequential revenue and profit growth in dollar terms for the June 2022 quarter, keeping in view the…
Tag: dollar
RBI: RBI takes steps to attract dollar to check rupee’s fall
[ad_1] (This story originally appeared in . on July 07, 2022) MUMBAI: To offset multi-billion dollar outflows due to sell-offs and record trade losses by foreign portfolio investors (FPIs), reserve Bank of India Steps have been taken to boost credit flow. This step has been taken amidst the fall of the rupee to a record low. However, on Wednesday, the rupee closed with a gain of 7 paise at 79.30. as a temporary measure to attract CapitalRBI has allowed banks to give higher returns on foreign currency deposits, on which…
Rupee today rate: Rupee weakens more than 79 per dollar to record low, seen falling further
[ad_1] Indian Rupee Weak Past $79 a dollar, a plumbing record low in early trade, as investors pulled out of Indian stock markets on Friday, as the greenback held firm against major peers on prospects of US higher interest rates and fears of a broader recession. By 0352 GMT, Partially Convertible Rupee After touching a record low of 79.10, it was trading at 79.08/09 per dollar. The unit had ended at 78.9675 on Thursday. The dollar was little changed against major peers, but was on track for its best week…
Dollar: Dollar shortage may impact foreign exchange borrowing companies
[ad_1] Mumbai: Signs of Dollar Shortage is emerging in India and many companies borrowing foreign currency may face some adverse conditions, according to the central bank’s Financial Stability Report (FSR) Told. “Signs of tension are also emerging in short-term dollar financing,” it said. “With the announcement of sanctions, the forward rate agreement – the overnight indexed swap spread – how expensive or cheap it will be for banks to borrow in the interbank market relative to the risk-free rate – has widened along with the spread of non-financial commercial letter,”…
Rupee Today: Rupee hits fresh record low against dollar. Here’s what analysts have to say
[ad_1] New Delhi: Rupee fell to an all-time low of 78.86 on Wednesday U.S. Dollar in the open. Some analysts said that it will touch the 79 mark. The partially convertible rupee was trading at 78.94/95 per dollar. The currency had closed at 78.77 on Tuesday. “As the equity markets decided that the downturn was not good for stocks, after all, the dollar index managed to open almost all of last week’s retracement in just one session. The dollar-yen exchange rate was above 136 this morning, and Jeffrey Haley, Senior…
The possibility of weakening of the rupee due to the strengthening of the dollar, risk aversion in the markets; USDINR pair to trade in this range
[ad_1] Indian Rupee There is a possibility of depreciation on Thursday amid strengthening dollar, risk aversion in domestic, global markets. “The rupee is likely to open the day near the sticky levels of 77.60 and another narrow day is expected between 77.45 to 77.80,” experts said. The rupee had recovered from its record low against the US dollar in the previous session. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day’s trade. The local…