Barclays bank warns forex charge could top £2 billion
Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits.
Apr 29, 2015, 17:49 PM IST
Barclays bank Q1 profits halve, takes new forex charge
Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March compared with a year earlier, Barclays said in a results statement.
Apr 29, 2015, 14:20 PM IST
Rupee down 13 paise at 63.28 against US dollar
Forex dealers said besides month-end demand for the US dollar, a lower opening in the domestic equity market weighed on the rupee.
Apr 29, 2015, 10:25 AM IST
Rupee rises for 2nd session; gains 33 paise Vs dollar
The rupee Tuesday maintained its winning streak for the second straight day by gaining 33 paise to close at 63.15 against the American currency on persistent selling of dollars by banks and exporters.
Apr 28, 2015, 19:34 PM IST
Rupee snaps 2-day fall, recovers 8 paise Vs dollar at 63.48
Snapping its two-day losing trend, the rupee Monday recovered by 8 paise to close at 63.48 against the US dollar, after plunging to a 4-month intra-day low of 63.77, on fresh selling of the American currency by exporters and some banks.
Apr 27, 2015, 21:02 PM IST
ICICI Bank Q4 net profit up 13.2%, forex gain jumps, NPAs soar
Private sector lender ICICI Bank Monday reported a 13.24 percent increase in its March quarter consolidated net profit at Rs 3,084.92 crore even as bad loans and provisions increased.
Apr 27, 2015, 15:17 PM IST
Global shifts leave India's exporters exposed to lofty rupee
The rupee has climbed to heights seen only once before in the past decade, as measured against the currencies of the country`s trading partners. Unlike past periods of strength, it has exporters reeling.
Apr 27, 2015, 11:24 AM IST
Rupee falls 21 paise at 4-month low against dollar
Forex dealers said sustained demand for the dollar from importers mainly weighed on the local currency but a higher opening in the domestic equity market and easing dollar against other currencies overseas, limited the rupee's losses.
Apr 27, 2015, 09:44 AM IST
Rupee gains for 2nd session; up 3 paise Vs US dollar
Continuing its winning streak for the second straight session, the rupee today strengthened by another 3 paise to 62.82 against the US dollar on persistent selling of the American currency by banks and exporters amid fresh foreign capital inflows into the equity market.
Apr 22, 2015, 19:24 PM IST
Rupee decline temporary, will stabilise soon: FinMin
The rupee's decline against the US dollar is a temporary phenomenon and the domestic currency will stabilise soon, a top Finance Ministry official said.
Apr 21, 2015, 23:13 PM IST
Rupee trims initial losses, still down by 6 paise
The rupee trimmed its initial losses against the American currency in late morning deals but was still trading lower by 6 paise to 62.97 on dollar demand from from banks and importers.
Apr 21, 2015, 22:21 PM IST
Rupee logs biggest fall in 2015, down 55 paise Vs dollar
Logging its biggest fall of the year, the rupee Monday plunged by 55 paise to close at over one-month low of 62.91 against the greenback amid sustained demand for dollars from importers.
Apr 20, 2015, 19:13 PM IST
Rupee down 19 paise at 62.55 against US dollar
Forex dealers said fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses.
Apr 20, 2015, 09:33 AM IST
RBI snaps up $49.2 bn in Apr-Feb, highest in 7 years
The central bank net purchased the currency from the spot market in April 2014-February 2015, according to the central bank data, which comes with a lag of two months.
Apr 19, 2015, 19:18 PM IST
Rupee down 7 paise at 62.37 against US dollar
Forex dealers said apart from fresh demand for the dollar, a lower opening in the domestic equity market also weighed on the local currency.
Apr 17, 2015, 09:45 AM IST
Rupee marginally up at 62.3 against US dollar
Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies on worse-than-expected US industrial production data, supported the rupee.
Apr 16, 2015, 09:49 AM IST
Rupee recovers 13 paise at 62.38 against US dollar
Forex dealers said besides increased selling of the US dollar by exporters, a higher opening in the domestic equity market, supported the rupee.
Apr 15, 2015, 09:45 AM IST
Rupee drops 5 paise at 62.36 against US dollar
Forex dealers attributed the fall in the rupee to the dollar's strength against other global currencies and increased demand for the greenback from importers.
Apr 13, 2015, 09:50 AM IST
Rupee ends flat against dollar at 62.24
In restricted trading, the rupee ended steady at 62.24 against dollar due to uneven demand and supply transactions of the American currency from banks.
Apr 09, 2015, 18:36 PM IST
RBI warns companies, banks on unhedged forex loans
Reserve Bank Governor Raghuram Rajan Tuesday warned companies against keeping their foreign currency exposures unhedged, saying they might face "big risk" in case of change in the monetary policy globally.
Apr 07, 2015, 21:43 PM IST
