US Dollar
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.
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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.
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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.
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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).
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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.
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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."
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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.
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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.
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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.
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