US Dollars

  • Wipro's Q4 profit rises 28.8 pc to Rs 2,226.5 crore 17-04-2014 07:43 PM

    Bangalore: The country's third-largest software services firm Wipro on Thursday posted a 28.8 per cent increase in profit to Rs 2,226.5 crore in the quarter ended March 31 on the back of improving global economic sentiment and cost optimisation. The Bangalore-based firm had registered a profit of Rs 1,728.7 crore...
  • Exclusive: Not worried about rupee overvaluation right now, says Rajan 02-04-2014 02:41 PM

    Mumbai: Reserve Bank of India governor Raghuram Rajan said he was not worried about rupee overvaluation for now. Strong foreign fund inflows over the last couple of months have lifted the rupee to an 8-month high, stoking concerns that India's exports could become uncompetitive. "When we were at 60/$, people...
  • 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 hits over one-month high, ends 10 paise up vs US dollar at 61.75 05-03-2014 08:59 PM

    Mumbai: The rupee on Wednesday rose to its highest level in over a month and closed 10 paise up at 61.75 against the dollar following sustained selling of American currency by exporters and some banks, amid firm local equities. At the Interbank Foreign Exchange (Forex) market, the local currency commenced...
  • Rupee up 21 paise to end at 62.22 vs US dollar 11-02-2014 10:06 AM

    Mumbai: The rupee on Tuesday rose 21 paise, logging its best daily gain in two weeks, to end at 62.22 after trade gap narrowed in January and the dollar fell ahead of Fed Reserve chief Janet Yellen's testimony to US Congress. Fresh dollar selling by exporters and some banks also...
  • Rupee falls 15 paise to end at 62.43 vs US dollar 10-02-2014 05:44 PM

    Mumbai: Falling for the first time in three days, the rupee on Monday erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market. The rupee resumed higher at 62.15 per dollar as...
  • Rupee down 10 paise against dollar in early trade 22-01-2014 09:12 AM

    Mumbai: Continuing its falling streak for the fourth straight day, the rupee fell by 10 paise to 61.98 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange market on sustained demand for the American currency from importers. Forex dealers said apart from demand from importers,...
  • Indian rupee slips 11 paise, opens at 61.67 vs US dollar 20-01-2014 09:15 AM

    Mumbai: Indian rupee declined in the early trade on Monday. It has opened lower by 11 paise at 61.67 per dollar as against Friday's closing value of 61.55. Agam Gupta of Standard Chartered feels dollar-rupee will open higher at around 61.70 level mainly reflecting dollar strength overnight. He expects exporters...
  • Rupee at 61.89 vs US dollar, up 12 paise 18-12-2013 03:34 PM

    The Indian rupee trimmed its initial gains against the American currency, but was quoted still up by 12 paise to 61.89 per dollar on selling of dollars by banks and exporters ahead of RBI's policy review. Weakness of dollar in the overseas market also boosted the rupee sentiment, a forex...
  • Rupee up 6 paise to 62.87 vs USD; has first weekly gain in six 22-11-2013 09:55 AM

    Mumbai: The rupee recovered after breaching the 63 level against the dollar today and ended with a six-paise gain at 62.87 after the RBI was said to have stepped in to stem the fall. Fresh capital outflows and almost flat local equities restricted the rupee's rise, a forex dealer said....
  • 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...
  • Worst is over for rupee, 60-65 per US dollar fair value: Montek Singh Ahluwalia 09-10-2013 10:55 AM

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the worst is over for the rupee and the fair value for the currency could be between 60 and 65 against the US dollar. "I would certainly say so (worst is over for rupee). It is evident from the markets...
  • Rupee gains slightly, opens at 61.68 vs US dollar 08-10-2013 09:21 AM

    Mumbai: The rupee on Tuesday recovered by 11 paise to 61.68 against the dollar in early trade at the Interbank Foreign Exchange market amid a higher opening in the stocks. Sentiments turned buoyant after RBI on Monday cut the marginal standing facility (MSF) rate, at which it lends emergency funds...
  • US Federal Reserve surprises, sticks to bond-buying stimulus as it cuts growth outlook 19-09-2013 08:10 AM

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling US stocks to record highs and driving down bond yields. Yields on...
  • 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...
  • Rupee ends at 63.50 versus dollar, down 12 paise 12-09-2013 05:16 PM

    The rupee fell on Thursday, ending five days of gains, as state-run banks likely bought dollars to meet defence needs of the government and as investors booked profit in shares. Dealers cited RBI intervention to support the rupee as it approached 64 to the dollar. The rupee has been on...
  • 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 low, closes 68.80 vs US dollar 28-08-2013 09:07 AM

    Mumbai: The rupee breached the 68-mark on Wednesday to close at an all-time low of 68.72 against the US dollar. The rupee on Wednesday opened at 66.90 vs US dollar. Rupee has fallen more than 6 per cent this week so far and more than 12 per cent since July...
  • Rupee ends at all-time low of 66.24 vs US dollar 27-08-2013 09:10 AM

    Mumbai: The rupee fell to a lifetime low to close at 66.24 against the dollar on month-end demand from importers, capital outflows and Food Bill subsidy concerns. The rupee on Monday closed at 64.30 against the dollar. Meanwhile, the BSE Sensex fell 590.05 points and ended at 17,968.08, while the...
  • Rupee tanks 110 paise to 64.30 against dollar 26-08-2013 09:22 AM

    Mumbai: The rupee today tumbled 110 paise to once again close below the 64 mark against the dollar, giving up a major part of Friday's gains amid heavy month-end dollar demand from importers and capital outflows. A strengthening dollar overseas and late weakness in local stocks also put pressure on...
  • Rupee posts biggest single-day gain in nearly a year 23-08-2013 06:41 PM

    The rupee rose 2.1 per cent on Friday, its biggest jump in nearly a year, as equities posted strong gains for a second session and the RBI was suspected to have sold dollars heavily late in the session. However, the partially convertible rupee registered its second weekly loss, as investors...
  • Rupee opens at 64.30 per dollar, gains 25 paise 23-08-2013 09:33 AM

    Mumbai: The rupee recovered further on Friday, opening 25 paise higher at 64.30 per dollar as against previous close of $ 64.55. The currency had touched a record low of 65.56 per dollar Thursday, but later on, it had managed to recover from that level to close at 64.55. Himanshu...
  • Rupee could touch 70 per $ in a month: Deutsche 21-08-2013 11:11 AM

    Mumbai: The rupee could touch 70 against the US dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday. "We continue to believe that fundamentally the rupee is undervalued and has overshot...
  • 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...
  • Rupee movement, global cues key for stocks this week: Experts 18-08-2013 12:13 PM

    Movement of the rupee against the US dollar, foreign fund investment flows and global cues will dictate the stock markets trend this week, say experts. Besides, investors will also track the ongoing monsoon session of Parliament as a heavy legislative business has been lined up by the government. "With no...
  • CPI(M) blames high current account deficit for falling rupee 16-08-2013 05:20 PM

    The volatility in rupee value was "bound to happen" due to a very high current account deficit and the situation was akin to the major financial crisis faced by India in 1991, the CPI(M) said on Friday. "It is clear that a very serious current account deficit has built up...
  • 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. ...
  • Premji sees double-digit growth for Wipro in coming years 26-07-2013 12:18 AM

    Bangalore: Wipro is poised for double-digit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said on today. Wipro can achieve growth levels in double-digits of at least 15 per cent in US dollar terms in the coming years as the...