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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.
RBI's efforts to stabilise rupee drains $5.14 bn from forex reserve
Sat, Oct 20, 2018
According to Anindya Banerjee, Deputy Vice President for Currency and Interest Rates with Kotak Securities, the decline in Forex reserves can be attributed to the RBI`s aggressive intervention in the spot market to stem the decline in rupee`s fall.
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.
How many millionaires in India? Desi wealthy club adds 7,300, totalling 3.43 lakh
Thu, Oct 18, 2018
Amidst rising concern over the increasing inequality, the country created a whopping 7,300 more millionaires during the 12 months to mid-2018, taking the total number of dollar-millionaires to 3.43 lakh, who are collectively worth around USD 6 trillion, says a report.
Indian rupee finally gets some good news, courtesy US
Thu, Oct 18, 2018
India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries - China, Germany, Japan, South Korea and Switzerland.
Rupee vs dollar: Indian currency falls 13 paise to 73.61 ahead of FOMC minutes
Wed, Oct 17, 2018
The beleaguered Indian rupee managed to gain during the day against the US dollar but by the close ended up giving up all the gains by falling 13 paise to 73.61 on Wednesday.
India venture capital market saw investments of over $2 bn: KPMG
Sun, Oct 14, 2018
India's venture capital market saw large sequential growth during the third quarter of 2018 with over USD 2 billion being invested, according to a report by KPMG.
Modi govt strategy in place to tackle weakening rupee, widening CAD
Fri, Oct 12, 2018
On Thursday, Seeking to calm the nerves of stock market investors, a top finance ministry official said that the government has a strategy in place to tackle weakening rupee and widening current account deficit (CAD).
Indian Rupee rises from record low, recovers 23 paise against US dollar
Thu, Oct 11, 2018
Besides, RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee, dealers said.
Unbelievable, but your rupee set to hit Rs 75 mark vs US dollar
Wed, Oct 10, 2018
Over the weekend China reduced its reserve requirement ratio by 100 basis points, or 1%, to support growth by infusing liquidity. RBI maintained a status quo on the rates it lends to banks for the same reason.
Indian rupee ends at fresh lifetime low of 74.39 against US dollar
Tue, Oct 09, 2018
Global brokerage firm Nomura, in a research note, said, "The balance of payments (BoP) turning negative has led to a sharp depreciation in rupee in the past two months. With steep depreciation over the past two months, rupee is now the worst performing currency against the USD in Asia so far this year, down 13.4 per cent."
Indian rupee plunge beyond most outlying expectations; further fall expected
Mon, Oct 08, 2018
The depreciation of the rupee has been beyond the most outlying expectations at the beginning of this year. While the valuations might suggest that the slide is overdone but global factors indicate that in the near-term rupee might come under further pressure.
Rupee slumps to all-time low of 73.76 as RBI holds rate
Fri, Oct 05, 2018
The rupee skidded by 18 paise to finish at a fresh lifetime low of 73.76 against the US dollar Friday after the RBI unexpectedly kept the policy rate unchanged.
Weak rupee to attract NRI investments into Indian real estate: Realty players
Fri, Oct 05, 2018
With the Indian rupee under pressure for the past few months and declining to its lowest-ever levels, real estate players expect non-resident Indian, or NRI, investments in the sector to gain momentum.
Indian Rupee plunges to new all-time low of 73.77, sheds 43 paise against US dollar
Thu, Oct 04, 2018
A day after hitting an all-time low, the Indian rupee repeated the dose and started on a very dismal note on Thursday. The rupee hit a new low of 73.77 after it plunged 43 paise against US dollar.
Your rupee is worth even less today! Unbelievable, Rs 74 mark on horizon
Wed, Oct 03, 2018
Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,842 crore on Monday, according to the provisional data. Investors remained concerned over sustained foreign capital outflows and rising crude oil prices crossing the USD 85 per barrel.
Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low
Mon, Oct 01, 2018
On Monday, The rupee tumbled 26 paise to end at a near two-week low of 72.91 against the US dollar amid a strengthening greenback and steady capital outflows.
Rupee ends at 1-week high of 72.48 against US dollar
Sat, Sep 29, 2018
Continuing its healthy recovery momentum for the third-straight day, the rupee today gained 11 paise to end at a one-week high of 72.48 against the US dollar on sustained selling of the American currency by exporters.
India's external debt declines 2.8 pc to USD 514.4 bn at end-June: RBI
Sat, Sep 29, 2018
On Friday, India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said.
US dollar ends cheaper against rupee
Wed, Sep 26, 2018
On Wednesday, The US dollar ended cheaper against the rupee at 72.60/61 per dollar and the pound sterling also finished lower at Rs 95.45/47 per pound at the close of the Interbank Foreign Exchange (forex) market here.