Indian Rupee

  • Rupee closes at 59.90 vs US dollar 02-04-2014 10:28 AM

    Mumbai: The rupee on Wednesday ended flat at 59.90 against the dollar after surrendering initial gains on mild dollar selling by exporters. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced higher at 59.80 a dollar from last weekend's close of 59.91. It shot up further to touch...
  • Rupee closes higher by 5 paise at 61.17 against US dollar 13-03-2014 09:23 AM

    Mumbai: The rupee closed higher by 5 paise or 0.08 per cent at 61.17 against the US dollar on Thursday. Earlier in the day, the Indian rupee opened higher at 61.02 per dollar on Thursday as against previous day's closing value of 61.22 a dollar. It immediately breached 61 level...
  • Rupee closes lower by 12 paise at 62.68 against dollar 31-01-2014 09:12 AM

    Mumbai: The rupee on Friday closed lower by 12 paise or 0.20 per cent at 62.68 against the US dollar. The rupee gained 17 paise to 62.39 against the dollar in early trade on Friday. Rupee on Wednesday closed at 62.56 to the dollar. Dollar is at one-week high against...
  • Rupee hits fresh 1-month high, up 30 paise vs dollar 05-12-2013 10:23 AM

    Mumbai: The rupee on Thursday rose by 30 paise to trade at fresh one-month high of 61.75 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters, amid sustained foreign capital inflows. Strengthening of other currencies against the dollar...
  • Rupee closes at 62.57 vs dollar, first drop in 5 days 20-11-2013 06:52 PM

    Mumbai: The rupee fell against the dollar for the first time in five days, losing 21 paise to close at 62.57 on Wednesday, as local stocks declined. Fresh dollar demand from importers, mainly oil refiners, and a firm US currency overseas outweighed support for the rupee from continued foreign fund...
  • Rupee up 6 paise vs dollar in early trade 28-10-2013 09:23 AM

    Mumbai: The rupee on Monday gained 6 paise to 61.40 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Forex dealers said strengthening of the euro against the dollar in overseas market on expectations that the US Federal...
  • Rupee down, opens at 61.53 vs $ against Thursday's close of 61.46 25-10-2013 09:10 AM

    Mumbai: Rupee on Friday opened down at 61.53 vs US dollar against Thursday's close of 61.46. This after it rose for the second day in a row and ended 13 paise higher at 61.46 against the dollar after banks and exporters sold the US currency as it weakened overseas. Sustained...
  • Rupee at 61.65 vs US dollar, down 6 paise in early trade 24-10-2013 09:49 AM

    Mumbai: The rupee moved down by 6 paise to 61.65 against the dollar in early trade on Thursday on increased demand for the US currency from banks and importers. A higher opening in the domestic equity market and dollar's weakness against other currencies overseas capped the fall, dealers said. The...
  • Rupee trims early losses, still down 39 paise against dollar 09-10-2013 09:34 AM

    Mumbai: In line with the equity market, the rupee trimmed early losses and was quoted down 39 paise to 62.18 against the dollar on demand from banks and importers for the US currency as it strengthened overseas. The rupee resumed lower at 62.07 per dollar as against the previous close...
  • India to stick with austerity despite looming election: P Chidambaram 08-10-2013 08:50 AM

    The government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country's Finance Minister said on Monday, underlining that an austerity drive will not be blown off course by an election due next year. P Chidambaram told Reuters ahead of a trip to...
  • Rupee ends at 61.73 versus US dollar 03-10-2013 09:20 AM

    Mumbai: The rupee gained 73 paise or 1.17 per cent to end at 61.73 versus US dollar on Thursday. The rupee on Tuesday ended 14 paise up at 62.46 versus US dollar against it close on Monday at 62.60 versus US dollar. Meanwhile, Sensex opened 116.90 points or 0.60 per...
  • Rupee weakens further by 15 paise to 62.75 vs US dollar 24-09-2013 09:45 AM

    Mumbai: The rupee on Tuesday weakened for the third straight session, moving lower by another 15 paise to close at 62.75 against the dollar on month-end demand from importers as the US currency strengthened overseas. Fresh capital outflows and some hesitancy in local stocks also weighed on the rupee. The...
  • Rupee opens 1.69 paise up at 61.69 vs US dollar, at highest level since Aug 16 19-09-2013 09:16 AM

    Mumbai: The rupee on Thursday opened 1.69 paise up at 61.69 against the dollar, as against its previous close at 63.38 vs US dollar on Wednesday. The rupee is at its highest level since August 16. The rupee on Wednesday closed just a paisa lower at 63.38 against the dollar,...
  • Rupee gains 69 paise, opens at 62.80 vs US dollar 16-09-2013 09:18 AM

    Mumbai: The Indian rupee opened with a gap up of 69 paise at 62.80 per dollar versus 63.49 Friday. The dollar slides to 81 levels to hit a four week low after Lawrence Summer's exit from the race for Fed president. The euro retreats a tad after jumping to 1.33...
  • Indian stocks, currency sink as Syrian tension worsens 03-09-2013 05:00 PM

    Mumbai:Indian rupee and stock markets plunged on Tuesday, with bechmark Sensex sliding by 650 points on reports that missiles were fired at Syria, raising fears of disruption in oil supply and spike in prices. The Indian rupee slipped below 68 against a dollar, losing more than two percent of its...
  • Falling factory activity adds to rupee's woes 02-09-2013 04:58 PM

    The rupee remained frail after last week's record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activity in August shrank for the first time in over four years. Investors want bold reforms to restore confidence in India, spur growth, reduce a...
  • Rupee slide a concern but no 1991-like crisis: PM 30-08-2013 08:44 PM

    Prime Minister Manmohan Singh on Friday said the sharp slide in the value of the rupee caused by external developments was a matter of concern, but India is not heading to a 1991-like crisis when the country was forced to pledge its gold to pay import bills. There is no...
  • Rupee jumps 85 paise, Sensex rises 219 points after PM's hard-talk 30-08-2013 07:55 PM

    The rupee on Friday soared 85 paise to 65.70 against dollar and the Sensex jumped nearly 219 points to over two-week high levels after Prime Minister Manmohan Singh promised not to resort to capital controls or reverse economic reforms to tackle turbulence in markets. The financial markets lapped up his...
  • How the rupee fall will impact you 28-08-2013 12:02 PM

    The rupee, which reached 68 vs US dollar on Wednesday, hasn't been this bad in over 18 years. It is going to affect the common man in many ways like expensive foreign travel, costlier imported goods and higher EMIs. Here's how the depreciating rupee can affect your wallet: ...
  • Students who wish to study abroad bear the brunt of the falling rupee 28-08-2013 09:13 AM

    Chennai: The rupee reached a new low of 67 vs US dollar on Wednesday, witnessing its biggest fall in 18 years. Bearing the brunt of the falling rupee are students who wish to study abroad. "It's like choosing to work for two years in between has become a punishment for...
  • Rupee hits all-time closing low of 66.24, posts biggest fall in nearly 18 yrs 27-08-2013 07:02 PM

    The rupee hit a record low and posted its biggest percentage fall in 18 years on Tuesday after Lok Sabha's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about government resolve to control spending ahead of elections due next year. The alarm over...
  • Decisions taken by government in 2008 led to rupee fall, admits Chidambaram 27-08-2013 02:06 PM

    New Delhi: As rupee reached a new record low of 66.07 vs US dollar on Tuesday, Finance Minister P Chidambaram admitted that the decisions taken by the government to counter the 2008 economic meltdown are among the reasons why the rupee depreciated. Chidambaram said the stimulus programme announced by the...
  • Govt has not drawn any red line on rupee value, says Montek 25-08-2013 07:29 PM

    In the backdrop of the declining value of India's currency, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Sunday said the government has not drawn any red line on the rupee, which he felt has over depreciated. "I don't believe that either the government or the RBI have taken a...
  • The Last Word: What can the government do to arrest rupee fall? 22-08-2013 11:16 PM

    The rupee remained in the doldrums for the sixth session in a row on Thursday as it breached the 65 mark to an all-time intra-day low of 65.56 before recovering to settle at 64.55 against the dollar, still down 44 paise. ...
  • Inflation could accelerate due to rupee fall, says RBI 22-08-2013 10:08 PM

    India's inflation could accelerate in the current fiscal year due to the rupee's sharp depreciation, the Reserve Bank of India (RBI) said in a report on Thursday. The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 percent so far this year despite efforts by policymakers...
  • Chidambaram warns of flat Q1, says rupee undervalued 22-08-2013 10:03 PM

    India's troubled economy did not rebound in the quarter that ended in June but will begin to in the rest of the financial year, the finance minister said on Thursday, after the rupee, which he said was "undervalued," hit another record low. The rupee has tumbled 17 percent since May,...
  • Rupee touching 70 per dollar cannot be ruled out: Latha Venkatesh 22-08-2013 04:44 PM

    The Rupee has fallen to an all-time low, trading at almost 65 to a Dollar and 100 to a Pound Sterling. Is the situation getting where depreciation and inflation starts feeding off each other? CNBC-TV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q. Are...
  • Yes Bank, Canara Bank, HDFC Bank shares erase early gains as rupee tumbles a new low 21-08-2013 07:26 PM

    In highly volatile trade, banking stocks on Wednesday erased almost all the gains they notched up in early trade after the rupee declined sharply to sub-64 levels. Banking stocks were trading in the positive terrain on BSE taking cues from RBI measures to ease liquidity in the system. Yes Bank,...
  • Centre only worried about saving its chair, not rupee: Modi 20-08-2013 02:40 PM

    Attacking the Centre over its inability to arrest the declining rupee against the US dollar, Gujarat Chief Minister Narendra Modi on Tuesday said the Centre was neither concerned about the economy nor the falling rupee but only worried about saving its chair. "The country is disappointed because the government is...
  • Why is the rupee falling? All you wanted to know 20-08-2013 01:01 PM

    To summarise the collective commentary on why the rupee is falling, the immediate triggers are the imposition of capital controls last Wednesday and the hike in import duties on 'non-essentials' like gold and flat screen TVs. The Reserve Bank reduced the amount that individuals could take out of the country...