Mumbai: The rupee was marginally weaker on Monday, with the outlook negative as global sentiment, fuelled by weak US non-farm payrolls and Chinese non-manufacturing PMI, continued to hurt risk assets. At 9:04 am, the partially convertible rupee was at 55.58/60 per dollar, weaker than its 55.54/55 close on Friday. Europe's debt crisis has frayed nerves around the world for months. Now signs of weakness in the US jobs market and...
09:33 AM, Jun 04, 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 rupee made a new low of 54.91 against $, marking its third consecutive record low in a row vs 54.49/50 last close. Traders say 55 is the next key psychological resistance, breaching it could spark deep concerns. Global risk aversion weighing heavily on rupee; local shares down 1.2 percent. Risk aversion made a strong comeback with Asian stocks showing deep cuts and euro falling to a four-month low....
09:29 AM, May 18, 2012
Mumbai: The Indian rupee shot past the Rs 53 per US dollar-mark in early trade on Wednesday, losing 8 paise to Rs 53.05 per dollar amid foreign capital outflows and dollar gains against the euro and other rivals overseas, coupled with a lower opening in the domestic equity market. The rupee had closed 5 paise higher at Rs 52.97/98 per US dollar on the Interbank Foreign Exchange on Wednesday on...
10:07 AM, Dec 29, 2011
Mumbai: The Indian rupee rebounded early on Friday, a day after the central bank curbed speculation in the forwards market after the currency had plumbed record lows for three days in a row. At 9:21 am (0351 GMT), the rupee was at 52.63 per dollar, 1.8 per cent stronger than its previous close of 53.64/65. It strengthened to as much as 52.50 in early deals. On Thursday, it had touched...
09:33 AM, Dec 16, 2011
New Delhi: The Reserve Bank of India will meet on Friday to review its credit policy against the backdrop of a gloomy economic environment. Ahead of the RBI's credit policy meet, Finance Minister Pranab Mukherjee admitted that high interest rates have contributed to the economic slowdown. "Domestically the struggle against inflation and tightening of interest rate regime has contributed to lowering of growth and investment. The slowdown in industrial growth...
07:00 AM, Dec 16, 2011
Mumbai: The rupee hit a record low for the fourth straight session on Thursday as concerns over the domestic economy and risk aversion globally raised fears of more capital outflows from Asia's third largest economy. At 12:51 PM, the rupee was at 54.2000/2050 per dollar, after hitting an all-time low of 54.30 in early trade. The partially convertible currency is down nearly 20 percent from its July high, with the...
09:12 AM, Dec 15, 2011
Mumbai: The rupee hit another record low on Wednesday as worse-than-expected inflation data and the US Fed's decision to refrain from new economy-boosting measures heightened concerns that capital outflows from riskier economies could accelerate. At 12:40 pm, the rupee was at 53.62/63 to the dollar, after hitting an all-time low of 53.75, taking the drop since its July high to 18.4 percent. "The bearish sentiment is very strong and there...
09:34 AM, Dec 14, 2011
New Delhi: The fast deteriorating value of the Indian rupee is spelling good news for some and bad news for others. With industrial growth at an all-time low, the fall in the rupee could not have come at a worse time. Student Sanjana Prakash has been preparing for studies abroad for one year. But now she is having second thoughts. Sanjana is worried that her dream of acquiring a foreign...
09:18 AM, Dec 14, 2011
Sydney: The Group of Seven rich nations on Friday agreed to join in rare concerted intervention to restrain a run-away yen, hoping to calm global markets after a wild week of often panic selling. The US dollar immediately surged over a full yen to 80.73 yen, leaving behind a record low of 76.25 hit on Thursday. Japan's Nikkei share index climbed 2.5 per cent, recouping some of the week's stinging...
07:57 AM, Mar 18, 2011
Economies around the world are in a crunch which, in turn, affects the people living in these hard times. It makes you wonder how far your dollars can go. ...
05:46 PM, Mar 18, 2010
The Indian rupee will join the select club of currencies like US dollar and others. ...
03:34 PM, Feb 26, 2010
OPEC is fully enforcing its deepest ever oil supply curbs. ...
12:53 AM, Jan 23, 2009
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