CNBC-TV18 banking editor Latha Venkatesh explains why the rupee continues to fall. ...
10:30 PM, Jun 22, 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 by exporters, euro's gains against the American currency mainly supported the rupee. In a volatile trade, the rupee had...
09:51 AM, Jun 06, 2012
Mumbai: The rupee fell to a new record low of 55.32 to the dollar, its fifth consecutive all-time 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 low and strengthening from its close of 55.03/04 on Monday. Traders said some exporters were selling dollars in the...
11:00 AM, May 22, 2012
Mumbai: The depreciating rupee has been giving nightmares to not only the businessmen but to students also, especially those who are hoping to study abroad. For Pune's Pranaav Jadhav, a second year communications student in the US, the rupee's downfall has been a terrible blow. The higher exchange rates mean he has to shell out an additional Rs 50,000 per semester as his tuition fee. Living expenses have also risen...
09:59 AM, May 21, 2012
Finance Minister Pranab Mukherjee said on Saturday that India was watching the euro crisis very closely. ...
03:08 PM, May 20, 2012
