Rupee down 16 paise at 66.30 against dollar in early trade
Besides, a lower opening of the domestic equity market weighed on the domestic currency but dollar's weakness against other currencies capped the losses, forex dealers said.
Aug 31, 2015, 10:09 AM IST
$354-bn forex reserves too small to fight a crisis: Kaushik Basu
World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.
Aug 26, 2015, 23:02 PM IST
Raghuram Rajan says enough reserves to contain volatility, hints at rate cut
"I wish to reassure the markets that our macroeconomic factors are under control as the economy is in much better position relative to many other economies," Rajan told the IBA-Ficci organised banking summit Fibac.
Aug 24, 2015, 15:03 PM IST
Rupee trims initial losses, still down 59 paise at 66.42
The domestic currency resumed sharply lower at 66.47 per dollar as against last weekend's level of 65.83 at the Interbank Foreign Exchange (Forex) market.
Aug 24, 2015, 11:36 AM IST
No apprehension in using reserves to reduce rupee volatility: Raghuram Rajan
Rajan said, once market volatility settles down, India should emerge again as an investment destination of choice. He also said that the crude prices may remain soft for a year or two.
Aug 24, 2015, 10:23 AM IST
Rupee slumps to two-year low, crashes to 66.49 against US dollar
A strong dollar demand from importers and banks, and heavy losses in domestic equity markets weighed on the local currency, forex dealers said.
Aug 24, 2015, 09:51 AM IST
Barclays must face US class action over Libor
Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.
Aug 21, 2015, 15:43 PM IST
Rupee sinks to 2-year low at 65.40 against US dollar
Forex dealers said apart from sustained demand for the US currency from importers and dollar's gain against other currencies overseas, lower opening in domestic equity markets put pressure on the rupee.
Aug 19, 2015, 10:06 AM IST
Dollar up on rate hike hopes, baht falls after Bangkok blast
The dollar broadly rose on Tuesday as strong housing data bolstered hopes for a US interest rate hike, while the Thai baht slumped to a fresh six-year low after a deadly Bangkok bombing.
Aug 18, 2015, 11:32 AM IST
Rupee tumbles to over 2-year low at 65.31 against US Dollar
The rupee plummeted by 31 paise to end at over two-year low of 65.31 against the US dollar Monday on the back of consistent demand for greenback from importers and state-run banks.
Aug 17, 2015, 18:41 PM IST
Rupee back at over two-year lows, falls 21 paise to Rs 65.21
The domestic currency on Thursday had plummeted by 32 paise to 65.10 against the dollar, hitting its weakest level last seen in September 2013, as China further devalued yuan.
Aug 17, 2015, 09:39 AM IST
RBI seen shoring up forex kitty to ward of Fed taper impacts
Even though forex reserves have touched all-time highs, RBI will continue to accumulate the same as it needs resources to fight another round of pressure on the rupee that may come with the Fed rate hike and also a surge in imports with the economic recovery, BofAML has said.
Aug 11, 2015, 21:46 PM IST
RBI net dollar purchase touches $565 mn in June
The central bank bought USD 5.530 billion from the market, while it sold USD 4.965 billion in the reporting month, RBI said in monthly bulletin release on Monday.
Aug 10, 2015, 22:47 PM IST
Gold reserves plunge, forex kitty dips to $353.46 bn
India's gold reserves fell sharply by USD 824.2 million as the metal's prices weakened globally, but gains in currency assets limited the dip in overall forex reserves, which were down USD 187.6 million at USD 353.46 billion for the week ended July 31.
Aug 07, 2015, 20:25 PM IST
Rupee surges 30 paise Vs US dollar to 2-week high of 63.74
Extending its gains for the second straight day, the rupee surged by 30 paise Tuesday against the American currency to hit a two-week high at 63.74 on selling of the greenback by banks and exporters on the back of lower dollar in the overseas market.
Aug 04, 2015, 20:04 PM IST
Euro depreciation makes Europe a favourite tourist spot
With competitive air fares and lucrative tour packages, there is a big surge in the number of tourists who are more interested in visiting Europe than South Asia or USA.
Jul 31, 2015, 14:19 PM IST
Rupee weakens by 6 paise to 64.10 against dollar
Besides, month-end demand for the American currency from importers weighed on the rupee but a higher opening in the domestic equity market capped the losses, forex dealers said.
Jul 31, 2015, 09:56 AM IST
Dollar rally takes breather in Asia
In Tokyo, the greenback bought 123.98 yen against 124.15 yen in New York, where it briefly jumped to 124.50 yen.
Jul 31, 2015, 09:39 AM IST
Rupee down 7 paise at 63.98 against dollar
Besides, month-end demand for the US currency from importers also weighed on the rupee. Early gains in the stock markets, however, capped the rupee fall, dealers said.
Jul 30, 2015, 10:01 AM IST
Rupee pares inital gains; trades flat in late morning deals
The Indian rupee pared its initial gains to trade at its overnight level of 63.91 against the US currency in late morning deals on bouts of dollar selling by banks and exporters amid firm equities.
Jul 29, 2015, 11:42 AM IST
