FOREX

  • Rupee ends almost stable at 61.73 Vs US dollar on Monday November 17, 2014

    Mumbai: In lackluster trade, the Indian rupee on Monday closed almost flat at 61.73 against the Greenback on alternate bouts of demand and supply amid rise in dollar value overseas. While the marginal drop in rupee was its third straight session of decline, the local currency seemed to hold steady compared...
  • Rupee finishes almost flat at 61.41 against US dollar November 5, 2014

    Mumbai: The Indian rupee on Wednesday ended almost flat at 61.41 against the Greenback on alternate bouts of buying and selling. Despite a strong start, the rupee erased all its morning gains during intra-day due to sharp bouts of dollar demand from importers. However, it fell later before recouping losses...
  • Rupee drops to 2-week low vs US dollar after Fed sticks to low rates October 30, 2014

    Mumbai: Moving in opposite direction to stocks, the rupee on Thursday fell for the fourth day, dipping 10 paise to close at two-week low of 61.45 against the Greenback after US Federal Reserve kept in place its plans to maintain record low interest rate for some more time. While the Fed's...
  • Rupee down 9 paise against dollar in early trade September 12, 2014

    Mumbai: The rupee depreciated by 9 paise to 61.02 against the US dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the American currency from importers. The dollar's gains against other currencies overseas also put pressure on the local unit but a higher opening in...
  • Rupee dips below 61mark vs US Dollar, ends at 60.95 September 10, 2014

    Mumbai: In line with weak stocks, rupee on Wednesday fell below 61mark against dollar and ended at a fourweek low of 60.95, down 35 paise, on growing concern that US hiking interest rates soonerthanexpected will hit inflows. Continued dollar demand from importers and some banks too weighed on the rupee value...
  • Sensex closes at over 1week high; Hindalco logs best gain July 17, 2014

    Mumbai: Rising for the third session, the benchmark Sensex on Thursday edged higher to end at over oneweek closing peak of 25,561.16 supported by gains in shares from metal and power sectors. After rising nearly 64 points, the BSE barometer pared gains amid profitbooking in realty, oil & gas and...
  • Rupee ends flat at 60.12 vs US dollar July 16, 2014

    Mumbai: After a twoday slide, the rupee on Wednesday ended flat at 60.12 against the US dollar on alternate bouts of demand and supply. The Indian rupee commenced weak at 60.23 a dollar from last close of 60.12 at the Interbank Foreign Exchange (Forex) market and declined further to a...
  • Rupee rebounds 26 paise vs US dollar to 59.93; logs 1st weekly drop in 3 weeks July 11, 2014

    Mumbai: The rupee on Friday bounced back by 26 paise to end at 59.93 versus dollar as exporters and some banks sold the greenback, but steep losses in previous sessions forced the local currency to log its first weekly drop in three. After ending at 59.72 last Friday, the rupee depreciated...
  • Rupee edges up to 59.75 vs US dollar ahead of Budget July 9, 2014

    Mumbai: On the eve of Narendra Modiled 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...
  • Rupee inches up 2 paise against US dollar to end at 59.27, snaps 2day fall June 11, 2014

    Mumbai: The rupee on Wednesday snapped its two days of losses and edged up two paise to end at 59.27 against the dollar following late selling of the US currency by exporters. Persistent capital inflows and some weakness in dollar overseas also helped the rupee recover even as government...
  • Rupee logs fourth drop in 5 days, down 10 paise against US dollar May 29, 2014

    Mumbai: The rupee on Thursday weakened by 10 paise, logging its fourth loss in five days, to end at 59.03 against the dollar following fresh demand for the US currency from importers and capital outflows linked to fall in shares. The rupee commenced a tad higher at 58.92 a dollar from...
  • Rupee ends 14 paise lower against US dollar at 58.77 May 21, 2014

    Mumbai: The rupee on Wednesday lost 14 paise to end at 58.77 against the dollar on sustained demand for the US currency from importers amid negative local equities. A slowdown in capital inflows also weighed on the rupee sentiment, forex dealers said. The dollar index was almost flat against its major...
  • Rupee closes at 60.31 up 11 paise against US dollar April 30, 2014

    Mumbai: The rupee on Wednesday appreciated by 11 paise to close at more than oneweek high of 60.31 against the the dollar on sustained selling of the US currency by exporters and corporates amid capital inflows. Dealers said the Indian forex market is keenly awaiting the decision of the ongoing US...
  • Rupee gains 23 paise closes at 60.42 against US dollar April 29, 2014

    Mumbai: The rupee on Tuesday rose by 23 paise to close the day at 60.42 against the dollar on fresh selling of the American currency by banks and exporters. Dealers in foreign exchange said dollar's fall overseas triggered selling of the US unit in the domestic market. The rupee opened higher...
  • China needs to disclose foreign exchange market intervention: US April 16, 2014

    Washington: Like other large emerging market countries including India and Brazil, China also needs to disclose its foreign exchange market intervention to increase the credibility of its monetary policy framework and to promote exchange rate and financial market transparency, the United States has said. "In line with the practice of most...
  • Rupee ends 26 paise lower against US dollar; back in 60 levels April 3, 2014

    Mumbai: The rupee on Thursday dropped 26 paise to close at 60.16 against the dollar on fresh dollar demand from banks and importers in view of the US currency gaining in overseas markets and weakness in local equities. Forex dealers, however, said foreign capital inflows seemed...
  • Rupee ends 2 paise lower at 61.19 against dollar March 14, 2014

    Mumbai: In volatile trade, the rupee on Friday lost two paise to end the day at 61.19 against the dollar amid tension in Ukraine ahead of a weekend referendum prompting investors to exit from riskier markets. Late dollar demand from importers also weighed on the rupee, a forex dealer said, adding...
  • Rupee closes down by 29 paise at 62.04 against US dollar March 3, 2014

    Mumbai: Logging its biggest loss in two weeks, the rupee on Monday tumbled 29 paise to 62.04 against the dollar, hit by global risk aversion as the Russia-Ukraine conflict threatens to snowball into a full-fledged war. Downbeat figures of December quarter GDP and fiscal deficit for April-January which were released on...
  • Rupee closes at 61.75 against US dollar February 28, 2014

    Mumbai: The rupee on Friday fell by 23 paise or 0.37 per cent to close at 61.75 against US dollar. The rupee fell by 14 paise to 62.12 against the dollar in early trade today at the Interbank Foreign Exchange due to month-end demand for the American currency from importers,...
  • Rupee falls ahead of interim budget, opens at 62.02 vs dollar February 17, 2014

    Mumbai: The rupee weakened by 9 paise to trade at 62.02 against the dollar in early trade on Monday at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers. Dealers largely expect Finance Minister P. Chidambaram to stick to his fiscal deficit aim of...
  • Rupee ends at 62.10 vs dollar, up 12 paise to threeweek high February 12, 2014

    Mumbai: Rising for the second day, the rupee on Wednesday strengthened by 12 paise to end at a threeweek high of 62.1 against the dollar on capital inflows linked to rise in stocks and a weak American currency ahead of US retail sales. The rupee traded in a tight range in...
  • 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...
  • Rupee hits oneweek high, opens at 61.94 January 10, 2014

    Mumbai: The rupee hits a oneweek high of 61.94 in opening deals, its highest since January 2. Currently, the pair trading at 61.98 versus its close of 62.07 on Thursday, tracking broad losses in the dollar versus other majors. Rupee seen moving in a range of 61.80 to 62.20 in...
  • India's foreign exchange reserves drop by $12.6 mn December 28, 2013

    Mumbai: India's foreign exchange (forex) reserves declined by $12.6 million to $295.50 billion for the week ended December 20, Reserve Bank of India (RBI) data showed. This is the second consecutive week of decline in the country's forex reserves. The foreign exchange reserves had declined by $192.8 million to $295.51 billion...
  • Rupee drops 37 paise to end at 62.16 versus dollar December 26, 2013

    Mumbai: The Indian rupee snapped a threeday winning streak on Thursday on monthend dollar demand from oil firms and other importers and dropped 37 paise to end at 62.16 versus dollar. However, it continued strong foreign flows into shares and debt limited further declines. Foreign funds have bought a total of...
  • Rupee trims initial losses vs dollar, still down by 3 paise December 4, 2013

    Mumbai: The rupee trimmed initial losses against the American currency, but was quoted still lower by 3 paise to 62.39 on mild dollar demand from banks and importers. The rupee resumed lower at 62.40 per dollar as against the last closing level of 62.36 at the Interbank Foreign Exchange market and...
  • PSUs need more autonomy, freedom from bureaucratic control:PM November 21, 2013

    New Delhi: Pitching for public sector enterprises being made more competitive, Prime Minister Manmohan Singh on Thursday said the staterun companies need to be given greater functional autonomy, be freed from bureaucratic control and not shielded from private sector competition. "Going forward, our governments will have to increasingly adopt competitionneutral policies....
  • Rupee trims early gains, quotes at 63.07 vs dollar November 14, 2013

    Mumbai: The rupee trimmed its early gains but was still higher by 23 paise to 63.07 against the dollar in late morning trade today on selling of the American currency by banks and exporters amid recovery in equity market. Persistent capital inflows from foreign funds into equity market also boosted the rupee...
  • Rupee closes at 63.30 versus US dollar, rebounds by 41 paise November 13, 2013

    Mumbai: Rupee closed on Wednesday at 63.30 versus US dollar, rebounds by 41 paise or 0.64 per cent. Continuing its slide for the sixth straight day, the rupee on Wednesday lost 17 paise to trade at a fresh twomonth low of 63.88 in early trade on strong dollar demand from importers...
  • Rupee closes at 63.73 vs US dollay, lower 49 paise November 12, 2013

    Mumbai: Continuing its slide for the fifth straight day, the rupee on Tuesday closed at 63.73 vs US dollar down by 49 paise. The rupee lost 23 paise to trade at 63.47 on strong dollar demand from importers. At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at...