Forex

  • China needs to disclose foreign exchange market intervention: US 16-04-2014 07:18 AM

    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...
  • Rupee ends 26 paise lower against US dollar; back in 60 levels 03-04-2014 10:00 AM

    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 persisting and this capped...
  • Rupee ends 2 paise lower at 61.19 against dollar 14-03-2014 09:43 AM

    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,...
  • Rupee closes down by 29 paise at 62.04 against US dollar 03-03-2014 09:54 AM

    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...
  • Rupee closes at 61.75 against US dollar 28-02-2014 09:28 AM

    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 17-02-2014 10:00 AM

    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...
  • Rupee ends at 62.10 vs dollar, up 12 paise to three-week high 12-02-2014 09:33 AM

    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...
  • Rupee down 10 paise against dollar in early trade 22-01-2014 09:12 AM

    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,...
  • Rupee hits one-week high, opens at 61.94 10-01-2014 09:19 AM

    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 28-12-2013 04:39 PM

    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...
  • Rupee drops 37 paise to end at 62.16 versus dollar 26-12-2013 10:16 AM

    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...
  • Rupee trims initial losses vs dollar, still down by 3 paise 04-12-2013 11:35 AM

    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...
  • PSUs need more autonomy, freedom from bureaucratic control:PM 21-11-2013 12:41 PM

    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...
  • Rupee trims early gains, quotes at 63.07 vs dollar 14-11-2013 09:22 AM

    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...
  • Rupee closes at 63.30 versus US dollar, rebounds by 41 paise 13-11-2013 10:15 AM

    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...
  • Rupee closes at 63.73 vs US dollay, lower 49 paise 12-11-2013 09:20 AM

    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...
  • Rupee closes at 63.18 vs US dollar, up 71 paise 11-11-2013 09:13 AM

    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...
  • Rupee closes at 62.7, up by 31 paise against US dollar 08-11-2013 09:21 AM

    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...
  • Rupee down, ends at 62.41 versus US dollar 07-11-2013 09:30 AM

    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...
  • Rupee falls, closes at Rs 61.65 vs US dollar 22-10-2013 09:28 AM

    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 21-10-2013 10:53 AM

    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...
  • RBI opens new window for daily dollar requirements of oil companies 28-08-2013 11:46 PM

    Mumbai: As a measure to stabilise the falling rupee, the Reserve Bank of India on Wednesday opened a special window to meet the daily dollar requirements of IOC, HPCL and BPCL. The RBI will buy and sell dollars for a fixed tenure through a designated bank. "On the basis of...
  • We have enough reserves to deal with currency woes: RBI 22-08-2013 11:33 PM

    New Delhi: The Reserve Bank on Thursday said it has adequate foreign exchange reserves to deal with the declining value of rupee and the widening current account deficit (CAD). "I believe our forex reserves are adequate to manage current situation," RBI Governor D Subbarao said in a response to whether...
  • Rupee recovers after hitting record low of 64.11 vs US dollar 20-08-2013 05:29 PM

    Mumbai: The rupee fell past 64 to the dollar for the first time on Tuesday and bond yields spiked to a five-year high before the RBI stepped in to sell dollars, as Asia's third-largest economy bore the brunt of the global emerging markets selloff. Underscoring how hard it is for...
  • Rupee hits record low past 62 vs dollar 16-08-2013 09:55 AM

    Mumbai: The rupee fell to a record low on Friday as measures to curb foreign currency outflows were seen as the latest roll of the dice by policymakers struggling to defend the currency in a slowing economy and a toughening global investment environment. Far from propping up the currency, the...
  • Rupee opens weak at 61.25 versus dollar 07-08-2013 10:17 AM

    Mumbai: The rupee continued it downtrend on Wednesday as it opened weak by 48 paise at 61.25 per dollar against 60.77 on Tuesday. Pramit Brahmbhatt, Alpari India said, "A weak equity market and high dollar demand from domestic importers will put pressure on the rupee. However, a weaker dollar and...
  • PMEAC Chairman Rangarajan for curbs on speculation to check rupee fall 06-08-2013 07:38 PM

    New Delhi: Speculative activities in the forex market should be curbed and short-term measures are needed to take corrective action to arrest the fall in the rupee, which hit an all-time low, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Tuesday. The rupee dropped to a record...
  • RBI to rollback steps after stabilisation of forex market 02-08-2013 02:21 PM

    Hyderabad: The Reserve Bank on Friday said liquidity tightening measures will be rolled back only after stability is restored in the forex market as volatility hurts growth. "We will roll back these (liquidity tightening) measures only after we determine that stability has been restored to the foreign exchange market," RBI...
  • Rupee rebounds from record lows, up 7 paise to 60.40 vs dollar 31-07-2013 09:26 AM

    Mumbai: The government's announcement to boost exports and attract more foreign capital on Wednesday lifted the rupee from near record lows and close with a gain of 7 paise at 60.40 against the US dollar. A late recovery in local stocks and fag-end dollar selling by exporters also supported the...
  • Rupee down 21 paise against dollar in early trade 25-07-2013 10:30 AM

    Mumbai: The rupee on Thursday fell by 21 paise to 59.34 against the US dollar in early trade on the Interbank Foreign Exchange due to month-end demand for the US currency from importers and banks amid a weak opening in the equity market. The rupee had bounced back sharply by...