Forex

  • Sensex closes at over 1-week 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 one-week 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 profit-booking in realty, oil & gas and...
  • Indian rupee opens at 60.23 per dollar; down 11 paise July 16, 2014

    Mumbai: The Indian rupee slipped in the opening trade on Wednesday. It has opened lower by 11 paise at 60.23 per dollar against 60.12 on Tuesday. The dollar clung to modest gains post comments by the head of the Federal Reserve that rates could rise sooner if employment continued to...
  • 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 Modi-led 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 2-day 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 one-week 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 three-week high February 12, 2014

    Mumbai: Rising for the second day, the rupee on Wednesday strengthened by 12 paise to end at a three-week 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 one-week high, opens at 61.94 January 10, 2014

    Mumbai: The rupee hits a one-week 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 three-day winning streak on Thursday on month-end 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 state-run 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 competition-neutral 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 two-month 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...
  • Rupee closes at 63.18 vs US dollar, up 71 paise November 11, 2013

    Mumbai: The rupee closed at 63.18 vs US dollar, up 71 paise on Monday. The rupee on Monday opened at 63.02 against US dollar. It was lower by 55 paise from the earlier close. The rupee closed at 62.7 against US dollar on Friday. The rupee depreciated by 24 paise to 62.65...
  • Rupee closes at 62.7, up by 31 paise against US dollar November 8, 2013

    Mumbai: The rupee closed at 62.7, up by 31 paise against US dollar on Friday. The rupee depreciated by 24 paise to 62.65 in early trade on Friday at the Interbank Foreign Exchange market on increased dollar demand from banks and importers. Forex dealers said besides dollar gaining against other currencies in...
  • Rupee down, ends at 62.41 versus US dollar November 7, 2013

    Mumbai: Rupee on Thursday ended two paise or 0.03 per cent down at 62.41 versus US dollar. Rupee had opened flat at 62.40 per dollar on Thursday as against previous day's closing of 62.39 per dollar. According to Ashutosh Raina of HDFC Bank , re-emergence of US Fed tapering expectations after...
  • Rupee falls, closes at Rs 61.65 vs US dollar October 22, 2013

    Monday: The rupee fell to a near one-week low on Tuesday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of US nonfarm payroll data. The rupee had opened at 61.77 against US dollar, down 25 paise. It fell on Monday amid volatility...
  • Rupee drops 25 paise to close at 61.52 vs US dollar October 21, 2013

    Mumbai: The rupee fell for the second day amid volatility in the stock markets, dropping 25 paise to 61.52 versus the dollar, on Monday, on persistent demand from importers and banks as the US currency strengthened overseas. The rupee opened at 61.35 per dollar as against the previous close of 61.27...