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Foreign Exchange News
Rupee gains 8 paise to 71.49 vs USD in early trade
Wed, Feb 06, 2019
At the Interbank Foreign Exchange, the rupee opened higher at 71.56 then gained further ground to touch 71.49 against the US dollar, showing a gain of 8 paise over its previous closing.
Rupee falls 54 paise, touches 71 level against US dollar
Thu, Dec 06, 2018
The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market.
India's Forex reserves up $568.9 mn
Sat, Nov 24, 2018
India`s foreign exchange (forex) reserves rose by $568.9 million during the week ended November 16, official data showed on Friday.
Indian rupee set to shock further, create more history, of the negative kind
Mon, Nov 05, 2018
With global crude prices remaining elevated, the Indian rupee is likely to be under pressure, and may touch the 76 level against the US currency over the next three months, says a report.
Rupee vs US dollar: Indian currency strengthens by 8 paise to 73.24 in early trade
Mon, Oct 22, 2018
The Indian rupee strengthened by 8 paise to 73.24 against the dollar in early trade Monday on increased selling of the US currency by exporters and banks amid easing crude prices.
Rupee jumps 29 paise against US dollar to 73.32
Fri, Oct 19, 2018
The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar Friday, amid a weakening greenback.
Arun Jaitley on Indian rupee: Comfortable forex reserves to deal with undue volatility
Thu, Aug 16, 2018
Recent developments relating to Turkey have generated global risk aversion towards emerging market currencies and the strengthening of the dollar, the minister said in a series of tweet.
Rupee inches up 9 paise in early trade
Fri, Dec 23, 2016
Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.
Rupee near record low, at 68.79 to a dollar
Thu, Nov 24, 2016
During opening trade, INR fell 0.3% and was trading at 66.7950 to a dollar. Bloomberg data show that this is the lowest point in three years for the rupee.
GSTN, DGFT agreement to strengthen processing of exporter tax transactions, boost robotics
Fri, Oct 28, 2016
State-owned IT service provider, Goods and Services Network (GSTN) signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code data on Thursday.
Forex reserve dips for second straight week to $366.1 billion
Fri, Oct 21, 2016
Since the start of year 2016, forex reserves had touched a new high week after week as RBI built up its reserves to prepare against externalities.
India's FX, stock markets to stabilise within days: Shaktikanta Das
Thu, Sep 29, 2016
India's rupee and stock markets will stabilise in a few days, Economic Affairs Secretary Shaktikanta Das said on Thursday, following a sharp fall in the markets after India launched attacks on suspected militants.
Foreign tourist arrivals grew by 12% in August; brought in over Rs 12,900 crore
Wed, Sep 21, 2016
The growth rate in foreign exchange earnings (FEE) in rupee terms during August 2016 over August 2015 was 13.1% as compared to the growth of 9.9% in August 2015.
SIT tells RBI to share crucial info on black money with govt agencies
Mon, Sep 05, 2016
The SIT has also asked the Revenue Department to identify a single point agency in the Revenue Department which could access the above three databases and could thereafter disseminate them to various Enforcement Agencies.
Forex reserves up $ 1 billion, at record high of $ 367 billion
Fri, Aug 26, 2016
The country's foreign exchange reserves increased by a healthy $ 1.346 billion to touch a record high of $ 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs). Last week, the reserves had shot up by $ 73.2 million to $ 365.822 billion.
Cabinet approves amendment for foreign investment in NBFCs
Wed, Aug 10, 2016
The amendment will enable inflow of foreign investment in "Other Financial Services".
India's forex reserves down by $970 million
Sat, May 21, 2016
India's foreign exchange reserves went down marginally by $970 million to $361 billion as on May 13, the Reserve Bank of India (RBI) said. According to RBI's foreign exchange data, the reserves stood at $361.02 billion as on May 13, against $361.99 billion as on May 6.
Rupee stutters, falls 4 paise against dollar
Fri, May 20, 2016
The dollar was firm against some global currencies after minutes of US Fed's April policy meeting hinted at the possibility of a June rate hike, which made the rupee slide further, dealers said.
Rupee slides 6 paise against dollar to 66.61
Thu, May 05, 2016
The rupee had closed 13 paise lower at 66.55 at the Interbank Foreign Exchange yesterday.