Dollar

  • Rupee gains on foreign flows, but falls for the week Yesterday

    Mumbai: The rupee rose for a fourth consecutive session on Friday, boosted by strong foreign fund flows into markets, although the local currency fell against the dollar for the week, in line with losses in other emerging Asian currencies. Scotland's decision to stay in the United Kingdom also eased investor concerns...
  • Rupee gains for 3rd day, rises 8 paise vs USD to end at 60.84 2 days ago

    Mumbai: Rebounding from one-month lows, the Indian rupee on Thursday ended eight paise higher at 60.84 against the greenback following late dollar selling by exporters and a strong rally in local shares. A fall in dollar value abroad against major rivals also helped rupee recover from early losses as US Federal...
  • Rupee jumps 13 paisa vs dollar ahead of US Fed policy meet outcome 3 days ago

    Mumbai: The Indian rupee appreciated for the second day in a row and ended 13 paise higher at 60.92 against the Greenback following sustained dollar selling by exporters ahead of a decision on US interest rates by Federal Reserve. A weak dollar overseas also aided the rupee rise while fresh sell-off...
  • Rupee up 11 paise against dollar in early trade 5 days ago

    Mumbai: The rupee recovered from over one-month low by rising 11 paise to 61.02 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on selling of the American currency by exporters and banks. Forex dealers said besides fresh selling of the American currency by exporters and...
  • Rupee tanks 48 paise to 1-month low of 61.13 vs US dollar 5 days ago

    Mumbai: The Indian rupee on Monday plunged 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback following fresh dollar demand from importers and negative cues from local equities. A strong surge in dollar overseas also kept the rupee...
  • Rupee ends two paise higher at 60.93 vs US dollar September 11, 2014

    Mumbai Snapping a two-day declining trend, the rupee on Thursday managed to end two paise higher at 60.93 against the greenback after late dollar demand and negative cues from stocks washed out a major part of mid-session gains. Dollar demand from importers and some banks on hopes of further rise in...
  • Rupee tumbles to biggest loss in a month, down 31 paisa vs US Dollar September 9, 2014

    Mumbai: Tumbling from six-week highs, Indian rupee on Tuesday saw its biggest daily loss in over a month as it slumped 31 paise to end at 60.60 against dollar on concern US interest rates may rise sooner than investors had anticipated. Weakness in local equities and fresh dollar demand from...
  • Rupee at 2 week low of 60.68 on sustained dollar demand September 2, 2014

    Mumbai: The rupee hit two-week closing low of 60.68 by losing 15 paise against the dollar on consistent demand for the US currency from importers and some banks on strong global cues, continuing its downward trend for the fourth straight session. The dollar gaining strength against its rivals mainly weighed...
  • Rupee up 3 paise against dollar in early trade September 1, 2014

    Mumbai: The rupee recovered by three paise to 60.47 against the US dollar in early trade on Monday on sustained foreign capital inflows amid the country's economic growth rate improving to two-and-half year high of 5.7 per cent in the April-June quarter. Increased selling of dollars by banks and exporters amid...
  • Ecuador to launch the world's first government-issued digital currency August 29, 2014

    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...
  • London: Indian teachers asked to enter $1 million prize August 27, 2014

    London: A global education foundation has called upon Indian teachers to enter the USD 1 million Global Teacher Prize to be presented to an exceptional teacher who has made an outstanding contribution to the profession. Kerala-born entrepreneur Sunny Varkey, founder of the Dubai-based Varkey GEMS Foundation, launched the prize at the...
  • Rupee rises nine paise to 1-week high of 61.08 vs US dollar August 14, 2014

    Mumbai: The Indian rupee on Thursday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at 61.08...
  • Rupee down most in a week vs US dollar to end at 61.21 as inflation rises August 13, 2014

    Mumbai: The rupee on Wednesday fell 13 paise in its biggest drop in a week to end at 61.21 against the Greenback following fresh dollar demand from importers, amid uptick in retail inflation and slowing industrial production growth. However, better local equities and some capital inflows helped restrict the fall...
  • Rupee rises 9 paise to 1-week high of 61.08 vs US dollar August 12, 2014

    Mumbai: The Indian rupee on Tuesday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at...
  • Rupee up 13 paise against dollar in early trade August 11, 2014

    Mumbai: The rupee strengthened by 13 paise to 61.02 against the dollar in early trade at the Interbank Foreign Exchange market on Monday on increased selling of the American currency by exporters and banks. Besides, the dollar's weakness against other currencies overseas and a higher opening in the domestic equity market...
  • Gold gains Rs 110 on festive season demand, global cues August 6, 2014

    New Delhi: Gold prices jumped by Rs 110 to Rs 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides, depreciating rupee which fell to almost five-month low of Rs 61.41 (intra-day) against the US dollar, making imports costlier, influenced gold prices. However, silver...
  • Sensex up 185 pts as RBI gives more funds to banks for lending August 5, 2014

    Mumbai: The benchmark Sensex on Tuesday soared 185 points as rate-sensitive auto, consumer durables and realty shares notched up handsome gains after RBI Governor Raghuram Rajan enabled banks to provide more credit even as he held interest rates for the third straight meeting. In highly volatile trade, the Sensex opened higher...
  • 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 rises 7 paise Vs US dollar to end at over 2-week high of 60.06 July 30, 2014

    Mumbai: In line with the recovery in local equities, the Indian rupee on Wednesday washed out early losses and closed up by seven paise at over two-week high of 60.06 against the greenback. Fresh dollar selling by exporters too aided the rupee rise while a firm dollar overseas capped the...
  • Rupee slips by 3 paise to nearly 1-week low of 60.13 vs dollar July 28, 2014

    Mumbai: The rupee on Monday ended lower by 3 paise to end at nearly a one-week low of 60.13 against the American currency on month-end dollar demand from importers and banks. The rupee resumed lower at 60.12 per dollar as against the last weekend's level of 60.10 per dollar at the...
  • Nifty falls to one-week closing low on profit taking July 28, 2014

    Mumbai: The Nifty fell on Monday to its lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank Ltd for a second consecutive session after the record highs hit last week. ICICI Bank provisionally fell 1.3 per cent, while Reliance Industries ended lower 1.8 per cent. The...
  • FII inflows hit $5 billion in July; cross $25 billion so for this year July 27, 2014

    New Delhi: Betting big on the government's reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since January. Net investments by foreign investors in the equity market were USD 2.2 billion...
  • The Rupee on Friday ended 0.02 points down at 60.10 for the week July 26, 2014

    Mumbai: The Rupee on Friday ended 0.02 points down at 60.10 for the week Dealers attributed the domestic currency's fall to gains made by the dollar against other currencies overseas and fresh demand for the American unit from importers. The rupee had retreated from nearly two-week high and ended three paise lower...
  • 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...
  • Rather than dollars, India need ideas, knowledge: Modi to World Bank July 23, 2014

    New Delhi: Prime Minister Narendra Modi on Thursday told World Bank President Jim Yong Kim that India requires ideas, knowledge and expertise "rather than dollars" as there is a need to focus on developing a base of skilled people keeping the future in mind. During a meeting, Modi also suggested to...
  • Rupee rises 15 paise to end at over one-week high of 60.09 against US dollar July 23, 2014

    Mumbai: Rupee rose 15 paise to end at over one-week high of 60.09 against US dollar on Wednesday. Extending its rising streak for the second straight session, the rupee strengthened by 12 paise to trade at 60.12 against the US dollar in early trade on Wednesday on sustained foreign capital...
  • 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 slips to one-week low of 60.18 vs US dollar July 17, 2014

    Mumbai: The rupee on Thursday declined six paise to end at one-week low of 60.18 against the Greenback following demand for dollars in view of defence-related payments and importers. However, a positive closing in local equities, capital inflows and a weak dollar overseas helped cap the fall to some extent, a...