RUPEE

  • Rupee rebounds from one-week low, up 9 paise at 62.16 against US dollar Yesterday

    Mumbai: Rebounding from one-week low, the Indian rupee on Thursday rose by 9 paise to finish at 62.16 against the dollar, snapping its four-day falling trend, on the back of dollar selling by banks and exporters amid rise in stocks. Moreover, dealers avoided taking any long dollar positions ahead of...
  • After 20 years, RBI to put Re 1 note into circulation 2 days ago

    New Delhi: One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. "The Reserve Bank of India will soon put in circulation currency notes in one rupee denomination. The notes will be printed by...
  • Excessively strong rupee undesirable: Raghuram Rajan 2 days ago

    Mumbai: RBI Governor Raghuram Rajan on Wednesday said that the "excessively strong rupee" is undesirable as it triggers disinflationary pressures. "The rupee has remained strong relative to peer countries. While an excessively strong rupee is undesirable, it too creates disinflationary impulses," Rajan said in a statement announcing cut in interest...
  • Sensex breaches 30,000 mark, Nifty above 9,100 on RBI rate cut 2 days ago

    Sensex breached the 30,000-mark and the Nifty hit a lifetime high of 9,119.20 in opening trade on Wednesday in a surprise move, cut repo rate by 0.25 per cent. The 30-share index crossed the 30,000-mark by surging 431.01 points, or 1.45 per cent, to trade at an all-time high of...
  • Rupee slips 33 paise to 1-week low against US dollar after Raghuram Rajan's currency comment 2 days ago

    Mumbai: In line with weak stocks, the rupee on Wednesday slipped by a hefty 33 paise -- its fourth straight daily loss -- to close at 62.25 against dollar amid RBI Governor Raghuram Rajan's comment that an "excessively strong rupee" is undesirable as it triggers disinflationary pressures. Heavy demand for...
  • Sensex falls 644 from top after hitting 30,000 on RBI rate cut 2 days ago

    Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut. The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...
  • Rupee falls 5 paise against US dollar, ends at 61.92 3 days ago

    Mumbai: Continued its slide for the third straight session, the Indian rupee on Tuesday fell 5 paise to end at 61.92 against the Greenback following sustained demand for the American currency from importers and a better dollar in overseas trades. Widening fiscal deficit, which rose to Rs 5.68 lakh crore...
  • Rupee weakens four paise against US dollar 4 days ago

    Mumbai: Bucking the uptrend in stocks, the Indian rupee on Monday weakened four paise to finish at 61.87 against the US dollar due to sustained demand for the American currency from banks and importers. Some caution adopted by participants ahead of core sector data outcome also impacted sentiments, said forex brokers. The...
  • Rupee falls 10 paise against dollar in early trade on Friday 1 week ago

    Mumbai: The rupee weakened by 10 paise to 61.85 against the US dollar in early trade at the Interbank Foreign Exchange due to rise in the Greenback's value against other currencies overseas. Forex dealers attributed the rupee's fall to month-end demand for the American currency from importers as well as the...
  • Rupee hits fresh 3-week high, gains 22 paise to end at 61.75 vs US dollar February 26, 2015

    Mumbai: Bucking a weak trend in Indian stocks, the rupee on Thursday surged by 22 paise to close at a fresh three-week high of 61.75 against the US currency on persistent selling of dollars by banks and exporters. Debt-related inflows also continued to support the rupee which rose for the third...
  • Rupee surges 23 paise to 3-week high of 61.97 vs US dollar February 25, 2015

    Mumbai: The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three-week high at 61.97 on Wednesday on Budget optimism and sustained dollar selling by banks. Good foreign capital inflows also helped the rupee maintain its gains at closing, forex...
  • Markets riding for a fall unless budget delivers February 24, 2015

    Mumbai: Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013. Prime Minister Narendra Modi's election victory nine months ago...
  • Rupee bounces back by 11 paise against US dollar, ends at 62.20 February 24, 2015

    Mumbai: The rupee recouped by 11 paise to close at 62.20 against the US currency on fresh selling of the dollar by banks and exporters on hopes of more foreign capital inflows into equity market. The rupee resumed higher at 62.25 per dollar as against the last close of 62.31...
  • Sensex ends below 29,000, down 256 points; SBI, ONGC drop 2 per cent February 23, 2015

    Mumbai: The market extended losses, falling 0.9 per cent on the first day of Budget week, dragged by banking & financials, FMCG and oil stocks. It was a second straight day loss for the market. The 30-share BSE Sensex broke 29000 level, down 256.30 points to 28975.11 while the 50-share...
  • Rupee gains 7 paise against dollar in early trade on Monday February 23, 2015

    Mumbai: The rupee strengthened by seven paise to 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks. Forex dealers said besides selling of the US currency by exporters and banks, a higher opening in domestic...
  • Lapse by Finance Ministry: Rs 10 notes printed using defective security threads February 20, 2015

    In a huge embarrassment for the previous UPA regime, an internal enquiry report has revealed that during the printing of Indian currency, security features were compromised. The lapses were kept under wraps by senior officials working under the Ministry of Finance. The incident happened in 2012. ...
  • Rupee gains 12 paise against US dollar, closes at 62.22 February 20, 2015

    Mumbai: Bucking the weak trend in Indian shares, the rupee on Friday closed with a gain of 12 paise against the American currency at 62.22 on selling of dollars by banks and exporters. Forex traders said participants bet against the dollar ahead of talks between Greece and Eurozone on bailout...
  • Sensex snaps 7-day rally, down 231 points; BHEL jumps 5 per cent February 20, 2015

    Mumbai: The market lost ground on Friday, for the first time in last eight sessions, especially ahead of Union Budget week. Profit booking in banking & financials, technology and select oil stocks dragged the market. The 30-share BSE Sensex declined 230.86 points to 29231.41 and the 50-share NSE Nifty slipped...
  • Major lapses in currency printing kept under wraps, UPA government ignored national security February 19, 2015

    In a major security breach that could embarrass the previous Congress-United Progressive Alliance government, an internal enquiry report has revealed that certain security features were allegedly compromised during the printing of Indian currency, and the lapses were kept under wraps by senior officials working under Ministry of Finance. The incident...
  • Sensex gains for seventh straight session; metals, miners surge February 19, 2015

    Mumbai: The BSE Sensex gained for a seventh straight day on Thursday in a volatile session that saw metals and mining companies such as Hindalco Industries (HALC.NS) and Jindal Steel and Power (JNSP.NS) surging after the successful completion of the country's first auction to sell mines. The auction follows a court...
  • Rupee snaps two-session uptrend vs US dollar, down 18 paise February 18, 2015

    Mumbai: The Indian rupee snapped its two-session uptrend against the American currency on Wednesday, falling 18 paise to close at 62.34 on fresh dollar demand from banks and importers. The dollar was trading up in global markets on caution ahead of the US Federal Reserve's January policy meeting minutes release. The rupee...
  • Sensex up 184 points, capital goods surge February 18, 2015

    Mumbai: A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed on Wednesday's trade 184 points or 0.63 per cent up as capital goods stocks surged. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the day's trade with healthy gains. It ended on...
  • Rupee ends higher for the 2nd consecutive day vs US dolla, up 3 paise February 16, 2015

    Mumbai: The rupee on Monday ended higher for the second consecutive day, moving up by another 3 paise to close at 62.16 against the dollar on continued selling of the US currency by banks and exporters. The rupee resumed higher at 62.15 per dollar as...
  • RBI to soon put one rupee notes in circulation again February 14, 2015

    Mumbai: After a gap of about two decades, the RBI will again put in circulation rupee one notes soon. Printing of one rupee note was discontinued about 20 years ago. "These currency notes are legal tender as provided in the Coinage Act 2011. The existing currency notes in this denomination...
  • Rupee gains 26 paise against dollar in early trade February 13, 2015

    Mumbai: The rupee strengthened by 26 paise to 62.05 against the dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic...
  • Rupee down 17 paise against dollar in early trade February 12, 2015

    Mumbai: Extending losses for the fourth straight session, the rupee fell by 17 paise to 62.42 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market as the American currency strengthened overseas amid persistent foreign capital outflows. Forex dealers said besides the dollar's gain against other currencies...
  • Sensex surges 178 points, Nifty regains 8600-mark on reform hopes February 11, 2015

    Mumbai: Stock markets on Wednesday rose for the second straight day with the benchmark Sensex rising 178.35 points to end at 28,533.97 and the Nifty index reclaiming the 8,600-mark powered by a rebound in bluechips amid hopes of faster reforms and optimism over the upcoming Budget. After surging to 28,618.91 points...
  • Rupee down for the 3rd day vs dollar, ends at fresh 1-month low February 11, 2015

    Mumbai: The Indian rupee fell for the third consecutive session on Wednesday against the American currency, slipping by six paise to close at fresh one-month low of 62.25 on persistent dollar demand from banks and importers. Talk of persistent foreign capital outflows also affected the market sentiment, said brokers, adding...
  • Rupee falls to over one-month low of 62.19 agaist US dollar February 10, 2015

    Mumbai: The Indian rupee on Tuesday washed out its initial gains against the American currency and ended two paise down at over one-month low of 62.19 on late dollar demand from banks and importers. The Indian currency resumed higher at 62.15 as against Monday's close of 62.17 at the Interbank...
  • Rupee ends at nearly 4-week low of 62.17 vs dollar February 9, 2015

    Mumbai: Snapping its two-day gains, the rupee on Monday declined by 48 paise to settle at nearly four-week low of 62.17 against the US currency due to capital outflows and fresh dollar demand from banks and importers. Persistent fall in equity markets and a strong dollar...