Exchange Rate

  • Rupee falls below 63 to over two-month low 27-01-2014 09:35 AM

    Mumbai: The rupee fell for a third consecutive session on Monday to its lowest against the dollar since mid-November as a broad emerging market sell-off 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...
  • RBI happy with reduction in exchange rate volatility, says Raghuram Rajan 18-12-2013 05:05 PM

    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 21-11-2013 12:24 PM

    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...
  • Drop in Trade deficit: Much ado about something? 10-10-2013 09:30 AM

    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) 16-08-2013 12:46 PM

    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 01-07-2013 10:08 AM

    Mumbai: The rupee on Monday fell for the first time in three days to end 13 paise lower at 59.52 as fag-end 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,...
  • Interactive graph: Indian rupee vs US dollar (Dec 1990 to June 2013) 26-06-2013 05:22 PM

    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. ...