Exchange Rate

  • Rupee falls below 63 to over twomonth low January 27, 2014

    Mumbai: The rupee fell for a third consecutive session on Monday to its lowest against the dollar since midNovember as a broad emerging market selloff raised worries foreign investors would pare down their domestic stock and bond holdings. The Reserve Bank of India's policy review on Tuesday also kept investors cautious....
  • RBI happy with reduction in exchange rate volatility, says Raghuram Rajan December 18, 2013

    Reserve Bank Governor Raghuram Rajan on Wednesday said the central bank is contented with reduction in the volatility of the rupee. "We are happy with the reduction in volatility and that was our aim right through. We also wanted to reduce the unhinged expectations on the rupee, there was a...
  • India a safe investment destination: FM to Indian diaspora November 21, 2013

    Singapore: Finance Minister P Chidambaram on Thursday assured the Indian diaspora community that their home country was a safe investment destination. He also assured stability of Indian rupee, saying it better reflected the true value after the RBI took urgent steps for managing the currency volatility. "We believe that the exchange...
  • Drop in Trade deficit: Much ado about something? October 10, 2013

    The recent persistent drop in India's trade deficit has given us a reason to rejoice. Perhaps, it's a Diwali gift from goddess Lakshmi. But, what real implications if any does it have for the Indian economy and what to expect in the near future? The trade deficit has fallen as...
  • Interactive graph: Indian rupee vs US dollar (December 1990 to August 2013) August 20, 2013

    An interactive graph showing the Indian rupee's (INR) performance against the United States dollar (USD) from December 1990 to June 2013. Note the steep incline at the end of the graph. ...
  • Re falls for 1st time in 3 days, down 13 paise at 59.52 on $ demand July 1, 2013

    Mumbai: The rupee on Monday fell for the first time in three days to end 13 paise lower at 59.52 as fagend demand of the US dollar from some banks and importers washed out the early gains on account of strong local stocks. At the Interbank Foreign Exchange (Forex) market, rupee...
  • Interactive graph: Indian rupee vs US dollar (Dec 1990 to June 2013) June 26, 2013

    An interactive graph showing the Indian rupee's (INR) performance against the United States dollar (USD) from December 1990 to June 2013. Note the steep incline at the end of the graph. ...
  • Rupee trims gains after RBI holds repo rate September 17, 2012

    Mumbai: The rupee and bond prices trimmed gains after the Reserve Bank of India (RBI) kept interest rates on hold, dashing hopes the central bank would follow up with action of its own after the government announced fiscal reform measures. The rupee was trading at 53.76/77 per dollar as of 11.07...
  • HSBC raises rupee forecast to 52/dollar September 17, 2012

    HSBC raised its forecast for the Indian rupee at the end of December this year to 52 to a dollar from 57 previously, citing the government's recently announced reform moves as well as the Federal Reserve's quantitative easing. "Additional reforms may be forthcoming, which in turn could quell concerns over a...
  • Rupee strengthens against the dollar in early trade June 6, 2012

    Mumbai: The rupee on Wednesday appreciated by 11 paise to 55.53 against the US dollar in early trade on the Interbank Foreign Exchange, following a higher opening on the stock market amid selling of the American currency by exporters. Dealers said besides higher opening in local equities and selling of dollars...
  • Rupee at 1week high; some see bottom June 4, 2012

    Mumbai: The rupee rose on Monday to its highest against the dollar in a week, despite a steep selloff in global risk assets, on the back of dollar sales by corporates and exporters, as well as unwinding of longdollar positions by banks. The recovery comes after the rupee had hit a...
  • 'RBI doing everything it can to stabilise exchange rate' June 2, 2012

    Kochi: With the rupee continuing with its free fall, RBI on Friday said it was doing everything it can to stabilise the exchange rate to reduce volatility of the currency. "... That has been our approach from the time this (depreciation) started and we will continue it," RBI Deputy Governor Subir...
  • Rupee hits record low; exporter dollar sales eyed May 22, 2012

    Mumbai: The rupee fell to a new record low of 55.32 to the dollar, its fifth consecutive alltime low, as arbitrage measures taken by the RBI late on Monday provided only a brief sentiment boost. At 10:05 am, the partially convertible rupee traded at 54.95/00 per dollar, rebounding from the record...
  • Rupee off record lows on G8 statement May 21, 2012

    Mumbai: The rupee was broadly flat against the dollar on Monday tracking a mild recovery in risk assets after G8 leaders over the weekend backed keeping Greece in the euro zone and vowed to take all steps needed to combat financial turmoil. The rupee was last trading at 54.42/45, unchanged against...
  • Rupee lifts, oil prices lift on Russian offer December 12, 2008

    Mumbai: The US Dollar ended sharply lower against the Rupee at Rs.48.33/34 per dollar and the Pound Sterling also finished lower at Rs.72.09/11 per pound at the Interbank Foreign Exchange (Forex) Market on Thursday. Oil prices jumped four dollars, or almost 10 per cent, on the same day as Russia said...
  • Squeeze maximum out of your rupee on a trip abroad December 5, 2008

    New Delhi: The weakening of the rupee to Rs 50 levels against the US dollar has made your foreign holiday costlier. How, you ask? If you were planning to spend USD 1,000 on shopping, local sight seeing, it would have cost you Rs 40,000 a few months back. But, today, the...