Mumbai: The rupee fell to a two-month low on Monday, touching 55 to the dollar, after data showed India's trade deficit widened in October. The data raised concerns about the current account deficit. The rupee was trading at 54.91/92 to the dollar as of 12:11 pm after briefly touching 55, a level last seen on September 13, 2012. It had last closed at 54.75/76 on Friday. ...
12:41 PM, Nov 12, 2012
Mumbai: The rupee erased initial gains and was quoting steady at 54.36 against the dollar today on fresh demand for the American currency from banks as it strengthened in the overseas forex markets. The rupee resumed stronger at 54.30 a dollar as against the last closing level of 54.36 at the Interbank Foreign Exchange (Forex) Market. It moved between 54.27 and 54.37 before quoting at Thursday's closing level at 1040...
09:59 AM, Nov 09, 2012
Mumbai: The rupee lost a hefty 36 paise to Rs 54.56 against the US dollar in early trade at the Interbank Foreign Exchange market on strengthening of the American currency against the euro overseas. Forex dealers said dollar rose against the euro after the European Union cut its economic growth forecast and the ECB chief stoked worries about how slowing growth is hurting the continent's top economy, Germany. Besides, a...
10:14 AM, Nov 08, 2012
Mumbai: The rupee advanced further by 24 paise to 54.19 against the US currency on selling of dollars by banks and exporters after the greenback weakened against against major world currencies. Dealers said dollar slipped against the euro and yen after President Barack Obama was re-elected in a knife-edge US presidential election. They added that dollar fell on expectations that under Obama the Federal Reserve would continue with the loose...
10:07 AM, Nov 07, 2012
Dollar slips ahead of US election results New York: The dollar is falling slightly against other major currencies as traders await results from the US presidential election, which is expected to be a tight race. The euro rose to $1.2816 from $1.2792 late on Monday. The British pound rose to $1.5994 from $1.5972. The dollar fell to 0.9428 Swiss franc from 0.9435 Swiss franc and to 99.30 Canadian cents from...
12:39 AM, Nov 07, 2012
Mumbai: The rupee on Tuesday fell by 17 paise to touch a fresh two-month low of 54.78 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers. Besides, euro's weakness against the dollar overseas on renewed worries about Greece's debt crisis and Tuesday's US Presidential elections also put pressure on the local unit, forex dealers said. The rupee...
10:16 AM, Nov 06, 2012
Mumbai: The rupee recovered from early losses and was trading at 53.79 a dollar on fresh selling of the American currency by banks on hopes of more capital inflows from foreign funds into equity market. The rupee resumed lower at 53.85 per dollar as against the last closing level of 53.80 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.90. However, it recovered to 53.70 per dollar...
11:11 AM, Nov 01, 2012
Mumbai: The rupee failed to maintain its early gains and slipped by five paise to trade at 53.52 against the US currency on fresh dollar demand from banks and importers amidst weak local equity markets. The rupee resumed higher at 53.40 per dollar against the last closing level of 53.47 per dollar and improved further to 53.36 per dollar at the Interbank Foreign Exchange (Forex) Market on selling of dollars...
09:47 AM, Oct 23, 2012
Mumbai: The rupee on Monday appreciated by 9 paise to 53.75 against the US dollar in early trade on Monday at the Interbank Foreign Exchange on selling of the American currency by exporters and banks. Besides, a lower opening in the equity market and strengthening of the euro against the dollar overseas also supported the rupee, forex dealers said. The BSE benchmark Sensex fell by 81.43 points, or 0.43 per...
09:54 AM, Oct 22, 2012
Mumbai: The rupee recovered marginally on Friday but was still trading 24 paise down at 53.65 a dollar on fresh demand for the American currency from banks and importers amid weak equity market. The rupee resumed lower at 53.70 per dollar as against the last closing level of 53.41 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.80. However, it recovered marginally to 53.65 at 1040 hrs....
10:10 AM, Oct 19, 2012
Mumbai: The rupee rises to 52.95/96 from a session high of 53.1050, as gains in the domestic shares hurt sentiment for the dollar. The cross closed at 52.87/88 on Wednesday. Traders say dollar demand from oil firms could cap any broader losses in USD/INR. The Sensex is up 0.7 per cent, led by gains in banking shares ahead of the RBI policy review later this month. The euro holds near...
10:07 AM, Oct 18, 2012
Mumbai: Moving in line with the equity market, the rupee failed to maintain its earlier gains, although it was still quoting 8 paise stronger against the US dollar. The American currency saw selling from banks amid its losing some ground in the overseas market. The rupee resumed higher at 52.75 a dollar as against the last closing level of 52.87 at the Interbank Foreign Exchange (Forex). It moved up further...
09:59 AM, Oct 17, 2012
Mumbai: The rupee on Friday dropped by 12 paise to 52.80 against the US dollar in the late morning trade on fresh dollar demand from banks despite the latter being weak in overseas market amidst persistent capital inflows. The rupee resumed marginally higher at 52.65 per dollar as against the last closing level of 52.68 at the Interbank Foreign Exchange (Forex) Market. However, it declined immediately to 52.88 a dollar...
10:19 AM, Oct 12, 2012
Mumbai: The rupee erased its marginal gains on Thursday and was trading 6 paise down against the US dollar, falling for the 5th consecutive day to 53.11, on rising demand for the American currency from banks as it strengthened in the global market. The rupee resumed lower at 53.09 a dollar as against the last closing level of 53.05 at the Interbank Foreign Exchange (Forex) Market. Later, it gained marginally...
10:06 AM, Oct 11, 2012
Mumbai: The rupee declined for fourth day in a row by losing 16 paise to Rs 52.88 per dollar in early trade on Wednesday, weighed down by dollar's gains overseas. Forex dealers said weakness in Asian currencies against the US dollar and demand for the greenback from importers put pressure on the rupee. Meanwhile, the BSE benchmark Sensex fell by 127.22 points, or 0.68 per cent, to 18,666.14. The domestic...
10:06 AM, Oct 10, 2012
Mumbai: The rupee shed some of its early gains but was still up by 21 paise at 52.43 against the american currency on late Tuesday morning trade on renewed selling of dollar by banks and exporters in view of sustained capital inflows. The rupee resumed higher at 52.39 per dollar against the last closing level of 52.64 at the Interbank Foreign Exchange (Forex) Market. It moved in a range of...
10:06 AM, Oct 09, 2012
Mumbai: The rupee rose to a near six-month high in opening trade on Friday after the government took more reform measures to attract foreign investment. India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament. Positive global risk sentiment and a stronger euro also aided gains, dealers...
09:47 AM, Oct 05, 2012
Mumbai: The Sensex fell on Friday, snapping a four-day rise, as profit-taking hit recent outperformers such as ICICI Bank, while investor sentiment was also hit after dozens of erroneous orders triggered a brief halt in the Nifty. ICICI Bank shares fell 1.7 per cent, while mortgage lender HDFC fell 5.08 per cent after Carlyle Group sold a 3.7 per cent stake for $841 million. The NSE was brought to a...
09:14 AM, Oct 05, 2012
Mumbai: The rupee continued to rule firm at 51.97 against the American currency in the later morning trade on persistent dollar selling by banks and exporters in view of sustained capital inflows from foreign funds into the equity market despite firm dollar overseas. The rupee had resumed higher at 52 per dollar at the Interbank Foreign Exchange (Forex) market and moved in a range of 51.86-52.10, before quoting at 51.97...
09:59 AM, Oct 04, 2012
Mumbai: The BSE Sensex rose to a 15-month high, while the Nifty hit 17-month highs, after the government's reform proposals for the insurance and pension sectors sparked gains in financial stocks such as State Bank of India and ICICI Bank. State Bank of India gained 2.1 per cent, while ICICI Bank rose 2.9 per cent. The BSE Sensex rose 1 per cent to 19058.15. The 50-share Nifty gained 0.98 per...
09:31 AM, Oct 04, 2012
