Foreign Currency

  • Rupee slips by 3 paise to nearly 1-week low of 60.13 vs dollar 3 days ago

    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...
  • Rupee down 18 paise vs dollar in early trade June 20, 2014

    Mumbai: The rupee on Friday lost 18 paise to 60.26 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers. Forex dealers attributed the rupee's fall to increased dollar demand from importers amidst rising global crude prices but said...
  • Rupee gains most in over a month on Fed's dovish policy outlook June 19, 2014

    Mumbai: Bucking the weak trend in stocks, the rupee on Thursday rose 31 paise, logging its best single-day gain in over a month, to end at 60.08 against the dollar as the American currency weakened on US Fed keeping its policy of ultra-low interest rates intact. Fresh selling of dollars by...
  • Rupee rebounds from over 7-week lows, ends up 13 paise at 60.03 vs US dollar June 17, 2014

    Mumbai: The rupee on Tuesday appreciated for the first time in three days against the dollar and ended 13 paise up at 60.03 boosted by late surge in local equities and comments by RBI Governor that India is better prepared to deal with any fallout from the ongoing Iraq crisis. Fresh...
  • Rupee posts first weekly drop in five on rising dollar demand May 30, 2014

    Mumbai: The rupee on Friday extended losses and fell by eight paise to end at 59.11 against the dollar dragged down by month-end importer demand of the US currency. It lost 59 paise in the past five trading sessions, logging its first weekly drop in five. In May, the rupee...
  • Rupee gains 3 paise closes at 60.04 against US dollar May 9, 2014

    Mumbai: The rupee on Friday gained three paise against the dollar to end the day at 60.04 on persistent selling of the US currency by banks and exporters in view of sustained foreign capital inflows into equity markets. The rupee unit resumed slightly lower at 60.09 per dollar as against...
  • Rupee 2 paise lower closes at 59.96 against US dollar May 7, 2014

    Mumbai: The rupee rose to above 60-level at 59.96 against the dollar but surrendered the gain to settle the day lower by a marginal two paise at 60.13 as a sudden demand for the US currency emerged at fag end of trade. The rupee resumed higher at 60.02 as against the...
  • Rupee gains 15 paise against US dollar May 2, 2014

    Mumbai: The rupee appreciated by 15 paise to close at three-week high of 60.16 against the dollar following sustained selling of the US currency by exporters amid capital inflows, completing three straight sessions of gain. However, weakness in local equities and a firm dollar overseas...
  • Three UP men arrested with huge foreign currency cache in Nepal April 19, 2014

    Nepal police have apprehended four Indians from Nepalgunj along the India-Nepal border Friday evening with a huge cache of foreign currency while they were trying to board a Kathmandu-bound flight at the local airport. The police confisticated 179,500 euros, $2,900 and 1,300 Thai bhats - accounting to more than NRs.24.59 million...
  • Rupee down 10 paise against dollar in early trade January 16, 2014

    Mumbai: The rupee on Thursday lost 10 paise to 61.64 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the American unit against other currencies overseas. Increased demand for the dollar from importers at current levels also put pressure on the rupee. Dealers attributed...
  • Rupee falls by another 37 paise to 62.60 vs USD on weak stocks September 23, 2013

    Mumbai: The rupee on Monday depreciated by another 37 paise to close at 62.60 against the dollar following good month-end demand for the US currency from importers and a fall in local equities on rate hike concerns. The rupee opened at 62.55 a dollar from the previous close of 62.23 at the...
  • Rupee up 6 paise vs dollar in early trade April 29, 2013

    Mumbai: The rupee on Monday gained six paise to 54.31 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. Strengthening of euro and yen against the dollar in overseas market and a higher opening in the equity market also...
  • RBI relaxes overseas direct investment norms April 3, 2012

    Mumbai: The Reserve Bank of India (RBI) has eased its overseas direct investment norms by waiving the need for Indian entities to seek its approval to open foreign currency accounts abroad. The norm has been liberalised to provide operational flexibility to Indian entities, the central bank said in a statement on...
  • BJP demands sacking of Goa minister Babush Monserrate April 7, 2011

    Goa state minister Babush Monserrate is caught in a new controversy. This time, for being held at the Mumbai airport with foreign exchange over and above the legal limit. ...
  • Sack Babush Monserrate from Goa govt: BJP April 7, 2011

    New Delhi: Goa state minister Babush Monserrate is caught in a new controversy. This time, for being held at the Mumbai airport with foreign exchange over and above the legal limit. Controversies are not new for this Monserrate. With 13 criminal cases against him, including one of attacking a police...
  • Goa Education Minister detained at Mum airport April 2, 2011

    Mumbai: Goa Education Minister Atanasio (Babush) Monserrate was detained on Saturday, at Mumbai airport. He was caught with huge amounts of Indian and foreign currency beyond permitted limits for passengers traveling abroad and was about to board a flight to Dubai. Monserrate was carrying cash worth Rs 25 lakh approximately in...
  • Rahat fallout: Pak artists need NOC to go abroad February 25, 2011

    Islamabad: Pakistani artists and students would now need to have a no-objection certificate from the interior ministry, a decision that was "supposedly taken after the embarrassing episode in which singer Rahat Fateh Ali Khan was detained by Indian authorities", said a leading Pakistani daily. Calling it an "ominous development", the editorial...
  • Rahat Fateh Ali Khan pays Rs 15 lakh penalty February 21, 2011

    New Delhi: Pakistani singer Rahat Fateh Ali Khan and his manager Maroof each paid Rs 15 lakh on Monday by way of penalty slapped on them in connection with the huge amount of undeclared foreign currency recovered from them. Official sources said on Monday night the amount was paid to the...
  • Karmapa is not a China spy, clarifies Centre February 17, 2011

    New Delhi: Tibetan spiritual leader Karmapa Ugyen Trinely Dorji has been given a clean chit on accusation of being a China spy. A probe was initiated aginst the spiritual leader after huge amount of foreign currencies were recovered from his premises. Foreign currency belonging to 25 countries, including China, was recovered by...
  • Thanks for releasing Rahat: Pak Minister February 15, 2011

    New Delhi: Pakistan's Interior Minister Rehman Malik on Tuesday phoned his Indian counterpart P Chidambaram to thank him for the release of singer Rahat Fateh Ali Khan, detained at the airport here for carrying undisclosed foreign currency of over $100,000. "The two ministers spoke to each other. Rehman Malik thanked Chidambaram...
  • Should Bollywood stay away from Pak artists? February 15, 2011

    On Talking Point, Rajdeep Sardesai asks, 'Should Bollywood stay away from Pak artists?' ...
  • Rahat Fateh Ali Khan freed, no clean chit given February 14, 2011

    New Delhi: A day after he was detained at the Delhi airport on charges of carrying undisclosed foreign currency, Pakistani singer Rahat Fateh Ali Khan was released on Monday after interrogation by officials of the Directorate of Revenue Intelligence (DRI). Rahat, along with two of his colleagues Maroof and Chitresh...
  • Diplomatic row over Rahat: questioning still on February 14, 2011

    New Delhi: The detention of Pakistani Sufi singer Rahat Fateh Ali Khan is threatening to blow up into a major diplomatic row between the two countries. Rahat Fateh Ali Khan is still being questioned by India's Directorate of Revenue Intelligence (DRI) for the second day on Monday. Speaking to CNN-IBN, Vijayalakshmi Sharma,...
  • Rahat Ali Khan detained at IGI with $ 1 lakh February 14, 2011

    New Delhi: Renowned Pakistani singer Rahat Fateh Ali Khan was detained at the IGI airport in New Delhi on Sunday by revenue intelligence sleuths after he and two of his troupe members were caught allegedly carrying $ 1.24 lakh (about Rs 60 lakh) in undeclared foreign currency. Rahat (37) and his...
  • No clean chit to Karmapa yet: Dhumal February 12, 2011

    Dharamsala: Himachal Pradesh Chief Minister Prem Kumar Dhumal on Saturday said Tibetan religious leader the Karmapa had not yet got a clean chit following the discovery of unaccounted money from him. Investigations are still on into the nearly Rs 70 million worth of foreign and Indian currency recovered from his monastery...
  • ED questions Karmapa over foreign currency February 1, 2011

    Dharamsala: The Enforcement Directorate questioned Karmapa Lama in Dharamsala in connection with the foreign currency recovered from his office. Enforcement Directorate officials reached Karmapa's monastery on Tuesday afternoon to question him. He was grilled for over five hours but reportedly insisted that he had no idea where the money recovered from...
  • Karmapa: Fin Ministry seeks report from HP Govt January 29, 2011

    New Delhi: On the controversy surrounding the Karmapa Lama, the Finance Ministry has asked for a report from the Himachal Pradesh government. While the Karmapa was questioned by a three member team of Himachal police, his treasurer Shakti Lama has been sent to police custody till February 5. His secretary's house...
  • HP: Karmapa's office raided, Rs 1 cr seized January 27, 2011

    Dharamsala: Huge amount of foreign currency was seized during raids at a transit home of 17th Karmapa Ugyen Trinley Dorje at Sidhbari near Dharamsala on Thursday. ADGP (Law and Order) S R Mardi said the exact amount of currency notes of different countries recovered during the raids at Gyuto Monastery,...