Dollar

Rupee falls 8 paise against dollar in early trade

Mumbai: The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange on Tuesday following increased month-end demand for the American currency from importers. Besides, dollar's gains against euro in the overseas markets amid the increasing threat for another debt-restructuring in Greece also put pressure on the local unit, forex dealers said. A higher opening in the stock market, however, restricted the...  

I love working with newcomers: Sekhar Kammula

Telugu director Sekhar Kammula says he has nothing against working with big heroes, and admits he loves working with newcomers as his story demands them. "I love working with newcomers because my story demands it and moreover they're fun to work with. It's easy working with them because I can effortlessly connect and extract the best out of them," Sekhar told IANS over phone from Hyderabad. "The bigger responsibility is...  

Rupee at four-month high of 54.01

Mumbai: Tracking stock market movements, the rupee on Monday surged to 53.66 a dollar on robust capital inflows but pared some gains to close at 54.01 " still 29 paise higher " amid Reserve Bank infusing Rs 17,000 crore into system by way of a cut in Cash Reserve Ratio (CRR). At the Interbank Foreign Exchange (Forex) market, the rupee resumed sharply higher at 53.80 a dollar compared to last...  

Rupee trims gains after RBI holds repo rate

Mumbai: The rupee and bond prices trimmed gains after the Reserve Bank of India (RBI) kept interest rates on hold, dashing hopes the central bank would follow up with action of its own after the government announced fiscal reform measures. The rupee was trading at 53.76/77 per dollar as of 11.07 am, weakening from around 53.71 levels before the RBI announcement, although still stronger than its 54.30/31 close on Friday....  

HSBC raises rupee forecast to 52/dollar

HSBC raised its forecast for the Indian rupee at the end of December this year to 52 to a dollar from 57 previously, citing the government's recently announced reform moves as well as the Federal Reserve's quantitative easing. "Additional reforms may be forthcoming, which in turn could quell concerns over a possible downgrade for the sovereign. If so, we would likely see additional room for the INR to strengthen," the...  

Rupee at 4-month high on reforms, RBI eyed

Mumbai: The rupee rose to a four-month high in early trade on Monday with hopes of major foreign inflows after the federal government announced opening up of the aviation and multi-brand retail sectors to overseas direct investment. At 9.04 am local time, the rupee was at 53.72/73 to the dollar against its previous close of 54.30/31. It rose to a high of 53.66, its highest since May 15. The market...  

Rupee at a high of 54.72 against dollar; up by 71 paise

Mumbai: The rupee gained a hefty 71 paise to trade at two-month high of 54.72 against the dollar in early trade on Friday at the Interbank Foreign Exchange as the American currency weakened against euro overseas. Dollar selling by exporters and banks amid a strong opening in the domestic equity market also supported the local unit, forex dealers said. The government's decision to hike diesel prices by Rs 5 per...  

Sensex ends 443 points up, highest since July 2011

Mumbai: Equity benchmarks rose over 2 per cent - the highest single day gain in 12 months - to end at seven month highs as investors are viewing the governments steps on fuel price as a precursor to the Reserve Bank of India cutting policy rates shortly. The 30-share BSE Sensex surged 443.11 points to close 18464.27 and the 50-share Nifty vaulted 142.30 points to finish the day at 5577.65....  

Asian shares rally, dollar remains weak

Asian shares rose to a four-month high on Friday while the dollar remained weak against other major currencies after the US Federal Reserve announced an aggressive new stimulus to drive job creation in the US economy. ...

Asian shares rally, dollar remains weak

Tokyo: All eyes will be on the markets on Friday after the Sensex hit a six-month high at 18,000 on global cues on Thursday. Asian shares rose to a four-month high on Friday while the dollar remained weak against other major currencies after the US Federal Reserve announced an aggressive new stimulus to drive job creation in the US economy. The Fed's move will likely accelerate the risk-positive momentum at...  

Rupee sheds 20 paise against dollar in early trade

Mumbai: The rupee depreciated by 20 paise to 55.41 against the dollar in early trade on Thursday on fresh demand for the American currency. Forex dealer said increased demand for the US dollar from oil importers mainly put pressure on the local unit, however, higher opening in the equity market and weak dollar against other currencies overseas capped rupee's losses. Meanwhile, the BSE benchmark Sensex rose by 42.56, or 0.24...  

Rupee down 5 paise against dollar in early trade

Mumbai: The rupee declined by 5 paise to 55.49 against the dollar in early trade on Tuesday, extending Monday's losses, on the Interbank Foreign Exchange on continued demand for the American currency. Besides dollar demand from oil importers, a lower opening in the equity market also put pressure on the local unit, forex dealers said. They, however, added that dollar's weakness against euro and other currencies overseas restricted the rupee's...  

Sensex ends up for the 5th day, gains 86 points

Mumbai: In volatile trade, the Sensex extended its winning run for the fifth day on Tuesday by rising 86 points on buying in IT, power and banking shares. The BSE benchmark index, which had gained 455 points in the last four trading sessions, opened a tad higher from Monday's level on flat global cues. With momentum picking speed in the last two hours, Sensex finally closed 86.17 points, or 0.49...  

Rupee falls by 9 paise against dollar

Mumbai: The rupee declined by 9 paise to 55.72 against the dollar in early trade on Friday at the Interbank Foreign Exchange on increased demand from oil importers for the American currency. Besides increased dollar demand, a weak opening in the domestic equity market ahead of first quarter GDP data also put pressure on the rupee, forex dealers said. They, however, added that euro's gains against the dollar in the...  

Sensex ends 161 points down on weak Q1 GDP growth

Mumbai: Indian shares fell 1 per cent on Friday - last session of the August month - due to slowdown in the growth momentum, political & policy paralysis and unlikely of QE3 hint by Ben Bernanke in the Jackson Hole meet today evening. Unwinding of long positions as the market head into September month too added fuel to the fire in the second half of trade. Even the less room...  

Rupee gains 3 paise against dollar in early trade

Mumbai: The rupee rose marginally by 3 paise to 55.64 against the dollar in early trade on the Interbank Foreign Exchange on Wednesday as the American currency weakened against euro overseas. Forex dealers said euro's gain against the US dollar supported the rupee, but month-end dollar demand from oil importers and a weak opening in the equity market restricted the gains. The BSE benchmark Sensex declined by 56.27 points, or...  

Rupee down 19 paise against US dollar

Mumbai: Extending losses for the third day in a row, the rupee depreciated by 19 paise to 55.88 against the dollar in early trade on Tuesday on the Interbank Foreign Exchange on continued demand for the American currency. Besides month-end dollar demand from oil importers, a lower opening in the equity market and euro's weakness against the US dollar overseas also put pressure on the rupee, forex dealers said. Meanwhile,...  

Rupee likely to trade in 55-56 a dollar

Mumbai: Rupee is likely to trade in the range of 55-56 per US dollar in the coming week with no visible trigger from international and domestic fronts, according to experts. "Rupee will be range bound and is likely to be in the range of Rs 55-56 per dollar in the coming week," Geojit Comtrade currency strategist Hemal Doshi told PTI over the weekend. According to Doshi, lack of any visible...  

Rupee rises to over 1-week high on Euro

Mumbai: The rupee rose to an over one-week high on Thursday after the Euro jumped to a seven-week high on hopes of monetary easing by the Federal Reserve and as the government made it easier for companies to tap overseas funds. At 9.04 am local time, the rupee was trading at 55.2325/2475 versus its last close of 55.4950/5050. It rose to a high of 55.20, its highest since August 13....  

Rupee down 29 paise against dollar

Mumbai: The rupee depreciated by 29 paise to 55.63 against the dollar in early trade on Tuesday, extending losses for the third day in a row on the Interbank Foreign Exchange on continued demand for the American currency. Besides increased dollar demand from importers, a lower opening in the domestic equity market put pressure on the rupee, forex dealers said. They, however, added that euro and yen's rise against the...