US Dollar

  • Ecuador to launch the world's first government-issued digital currency 4 days ago

    Quito: Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the US dollar, which the government cannot control. The virtual currency, which Central Bank officials say they expect will start circulating in December, does...
  • Rupee crashes 63 paise vs USD to end at over 4-month low August 1, 2014

    Mumbai: Weakness in global stock markets and a strong US currency pulled down the rupee by a whopping 63 paise to end at over four-month low of 61.18, logging its worst weekly loss since January 24. Importers and some banks bought dollars and short-sellers covered their positions on hopes of further...
  • Rupee slips from two-week highs, ends at 60.12 vs US dollar July 24, 2014

    Mumbai: In contrast to rising equities, the rupee on Thursday retreated from nearly two-week highs and ended three paise lower at 60.12 against the Greenback on late dollar demand from importers. The domestic currency also snapped its two-day upmove when it had gained 21 paise against the US currency. At the...
  • Rupee rises six paise to end at 60.24 against US dollar July 22, 2014

    Mumbai: Rupee rose six paise to end at 60.24 against US dollar on Tuesday. It opened at 60.22 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters amid sustained foreign capital inflows. The local currency had shed two...
  • Rupee closes at 60.31 against dollar July 21, 2014

    Mumbai: The rupee on Monday closed at 60.31 against US dollar. The rupee recovered by 10 paise to 60.18 against the US dollar in early trade at the Interbank Foreign Exchange market on selling of the American currency by exporters amid increased capital inflows. Further, strengthening of the euro and the yen...
  • Rupee falls to 1-month low vs US dollar, down 10 paise at 60.28 July 18, 2014

    Mumbai: The rupee continued its downslide mostly throughout the week and on Friday fell 10 paise to log a one-month closing low of 60.28 against the greenback on dollar demand from importers and rising global risk aversion. Heavy capital inflows in local equities, however, restricted the rupee fall, said forex brokers....
  • Rupee down 7 paise against US dollar in morning trade July 14, 2014

    Mumbai: The rupee fell by seven paise to 60.00 against the American currency in morning trade on fresh dollar demand from banks and importers amid weak equity markets. Fresh capital outflows from foreign funds affected the value of the rupee against the dollar, a forex dealer said. The rupee resumed lower...
  • Rupee edges up to 59.75 vs US dollar ahead of Budget July 9, 2014

    Mumbai: On the eve of Narendra Modi-led government's maiden Union budget, the rupee on Wednesday rose for the second day and ended three paise higher at 59.75 against the dollar on sustained selling of the US currency by exporters and some capital inflows. However, weak trend in local equities and a...
  • Iraq crisis led to rupee depreciation: Government July 8, 2014

    New Delhi: The recent Iraq crisis has led to marginal depreciation of the rupee and government is calibrating "appropriate policy responses" to cope with the situation, Parliament was informed on Tuesday. "Since the escalation of the Iraq crisis in the second week of June 2014, the exchange rate of the rupee...
  • Rupee drops 9 paise vs US dollar; logs worst monthly show since August June 30, 2014

    Mumbai: The rupee on Monday fell nine paise to end at 60.17 against the dollar, completing its worst monthly show since August and its first quarterly drop in three. Ignoring firm local equities, the rupee weakened following fresh dollar demand from importers. However, continued capital inflows and a weak dollar overseas...
  • Rupee recovers 6 paise against US dollar to end at 60.08 June 27, 2014

    Mumbai: The rupee recovered by six paise to close at 60.08 on Friday against the US dollar on the back of firm local equities amidst weak dollar in overseas. Fresh dollar selling by exporters and weak dollar overseas also aided the rupee rise while sustained capital outflow restricted the surge, a...
  • Rupee slumps to 7-week low as oil boils on Iraq unrest; Fed eyed June 18, 2014

    Mumbai: The rupee on Wednesday fell 36 paise to end at an over seven-week low of 60.39 against the US dollar as growing unrest in Iraq pushed up crude and caution prevailed in the currency markets ahead of the outcome of US Fed meeting. A sharp fall in local equities amid...
  • IT entrepreneurs looking for new ways to tackle Indian rupee June 8, 2014

    Mumbai: India's IT entrepreneurs are looking at various options to minimise the impact on their bottomlines of the strengthening of the rupee against the US dollar. While these entrepreneurs have started quoting in dollars to their clients abroad, they are also parking part of their earnings from foreign clients at...
  • Rupee loses 23 paise to end at 3-week low of 59.38 against US dollar June 3, 2014

    Mumbai: Falling for the fourth day in succession, the rupee on Tuesday dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets. The Reserve Bank of India is...
  • Rupee closes at 61.07 depreciates by 31 paise again US dollar April 23, 2014

    Mumbai: The rupee on Wednesday depreciated by 31 paise to finish at one-month low at 61.07 against the dollar on sustained dollar demand from banks and importers. "Lesser supply of inflows from FIIs and month-end demand for the US currency weighed on the rupee. Some debt related outflows from overseas...
  • Wipro's Q4 profit rises 28.8 pc to Rs 2,226.5 crore April 17, 2014

    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 in...
  • Exclusive: Not worried about rupee overvaluation right now, says Rajan April 2, 2014

    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 April 2, 2014

    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 an...
  • Rupee hits over one-month high, ends 10 paise up vs US dollar at 61.75 March 5, 2014

    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 weak...
  • Rupee up 21 paise to end at 62.22 vs US dollar February 11, 2014

    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 helped...
  • Rupee falls 15 paise to end at 62.43 vs US dollar February 10, 2014

    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 January 22, 2014

    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, a...
  • Indian rupee slips 11 paise, opens at 61.67 vs US dollar January 20, 2014

    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 December 18, 2013

    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 dealer...
  • Rupee up 6 paise to 62.87 vs USD; has first weekly gain in six November 22, 2013

    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. At the...
  • Rupee down, opens at 61.53 vs $ against Thursday's close of 61.46 October 25, 2013

    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 October 9, 2013

    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 and...
  • Rupee gains slightly, opens at 61.68 vs US dollar October 8, 2013

    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 to...
  • US Federal Reserve surprises, sticks to bond-buying stimulus as it cuts growth outlook September 19, 2013

    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 US...
  • Rupee gains 69 paise, opens at 62.80 vs US dollar September 16, 2013

    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...