China`s yuan currency `no longer undervalued`: IMF
China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.
May 26, 2015, 17:17 PM IST
Rupee weakens 11 paise to 63.68 against dollar
The rupee had declined 5 paise to close at 63.57 in yesterday's trade on fresh dollar demand from banks and importers amid a sharp fall in equities.
May 26, 2015, 10:19 AM IST
Rupee slips 7 paise to 63.59 against dollar
Forex dealers attributed the fall to the dollar's strength on jump in US core inflation and demand for the American currency from importers.
May 25, 2015, 09:30 AM IST
Yen edges up after Bank of Japan holds fire on stimulus
In Tokyo trade, the dollar bought 120.83 yen, down from 120.91 yen just before the announcement and 121.07 yen in New York late Thursday.
May 22, 2015, 10:26 AM IST
CAD likely to be 1.5% in 2015-16: HSBC
The CAD in the first half of fiscal year 2014-2015 was 1.9 percent of GDP (USD 18 billion).
May 19, 2015, 18:31 PM IST
Rupee bounces back by 5 paise vs dollar to 63.67
It moved in a range of 63.54 and 63.81 per dollar during the day.
May 19, 2015, 18:09 PM IST
Asia shares slip after US data but euro advances
Asian markets mostly retreated, however, the euro added to recent gains after data showing the eurozone economy picking up,
May 14, 2015, 11:02 AM IST
Euro ticks up despite Greek debt worries
There was relief at the start of the week when it emerged Athens had managed to pay 750 million euros due to the IMF.
May 13, 2015, 10:53 AM IST
Rupee falls 30 paise to 64.15 against US dollar
Besides, increased demand for the dollar from importers and a lower opening in the domestic equity market weighed on the rupee, forex dealers said.
May 12, 2015, 09:42 AM IST
Care sees Rupee falling to 65, forcing Rajan to hold rates in June
Expecting the rupee to slide further to 65 against the dollar, domestic rating agency Care Ratings on Friday said Reserve Bank Governor Raghuram Rajan may opt for a status quo on rates in the June 2 policy review.
May 08, 2015, 21:17 PM IST
Forex kitty swells by $7.3 bn to hit new record of $352 bn
The forex reserves continued to scale new highs, expanding by a whopping USD 7.26 billion to hit a new all-time high of USD 351.87 billion for the week ended May 1, the Reserve Bank said on Friday.
May 08, 2015, 19:06 PM IST
Rupee hits 20-month low, trades at 64.35 against US dollar
Traders said the uptick in non-deliverable forwards traded in Singapore was hitting sentiment for the local unit and prompting custodian banks to sell the rupee.
May 07, 2015, 09:49 AM IST
First global code of conduct for FX trading may be within reach
Central banks seeking to quell misconduct in the $5 trillion a day currency market are hopeful that for the first time they can unify the industry`s disparate codes of conduct into one central document within the next two to four years.
May 06, 2015, 19:25 PM IST
Rupee up 13 paise to 63.31 against US dollar
Forex dealers said besides fresh selling of the American currency by exporters, dollar's weakness against other currencies after a US data showed a sharp rise in the trade deficit, supported the rupee at Interbank Foreign Exchange.
May 06, 2015, 09:46 AM IST
Rupee down 14 paise to 63.56 against US dollar
Forex dealers said increased demand for the dollar from importers also weighed on the local currency, but a higher opening in the domestic equity market limited rupee's fall.
May 05, 2015, 09:49 AM IST
India's forex reserves touch record high at $345 bn
The rise in exchange reserves was mainly on account of a $1.4 billion jump in the foreign currency assets (FCAs) which stood at $320 billion, data released by the RBI showed.
May 01, 2015, 23:10 PM IST
Euro steady on positive economic data
With most major Asian markets closed for holidays, trading was thin in Tokyo where the euro bought $1.1206 and 134.10 yen compared with $1.1224 and 134.00 yen in New York.
May 01, 2015, 12:12 PM IST
Rupee depreciates further by 12 paise Vs US dollar
The rupee depreciated for the second day Thursday closing down by 12 paise at 63.42 against the US currency due to month-end dollar demand from importers and fall in stocks markets.
Apr 30, 2015, 19:51 PM IST
Rupee drops 28 paise to 63.58 against US dollar
Forex dealers attributed the fall in the rupee to month-end demand for the US dollar from importers and sustained capital outflows amid a lower opening in the domestic stock market.
Apr 30, 2015, 09:33 AM IST
European equities drop before US GDP, Fed rate call
European stocks slumped Wednesday over worries about upcoming US economic growth data, and before the outcome of the Federal Reserve`s latest monetary policy meeting.
Apr 29, 2015, 18:33 PM IST
