Mumbai | May 24, 2013 18:03 (IST)
The rupee weakened on Friday, falling 1.3 per cent for the week, extending its losing streak to a third successive week, hurt by concerns about a possible pullback in global fund flows and the country's external deficit.
Mumbai | May 24, 2013 10:30 (IST)
Dealers attributed the rupee's fall to dollar gains against other currencies overseas, but a higher opening of the domestic equity market, capped the rupee's losses to some extent.
May 23, 2013 14:10 (IST)
The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year.
Mumbai | May 22, 2013 17:43 (IST)
The rupee fell for a fourth successive session on Wednesday to mark its longest losing streak in over three months, hurt by dollar demand from oil refiners and a late fall in equities.
May 22, 2013 13:09 (IST)
Dealers say a large private refiner, which was seen in late session on Tuesday, seen buying dollars again.
Mumbai | May 21, 2013 22:50 (IST)
The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.
May 21, 2013 17:00 (IST)
At 1115 GMT, the rupee was at 55.37/38 versus its Monday close of 55.10/11. It fell to 55.41 during the session, a level last seen on November 29, 2012.
Mumbai | May 21, 2013 12:23 (IST)
The rupee opened higher at 54.97 per dollar as against the previous closing level of 55.11 at the Interbank Foreign Exchange (Forex) market.
Mumbai | May 20, 2013 19:11 (IST)
The rupee weakened to its lowest level in two-and-a-half months on Monday, weighed down by heavy demand for the greenback from gold and oil importers along with choppy domestic shares.
May 20, 2013 15:38 (IST)
Traders, however, expect the pair to face a stiff resistance around 55.15 levels, holding it in a broad range of 54.50 to 55.15 band in the near-term.
Mumbai | May 20, 2013 11:46 (IST)
The rupee opened weak at 55.06 per dollar as against the previous closing level of 54.88 at the Interbank Foreign Exchange (Forex) market.
New Delhi | May 17, 2013 22:55 (IST)
Foreign investors expect the rupee to trade below the 55 level against the US dollar in the next six months even as India's large current account deficit is seen as a major risk.
Mumbai | May 17, 2013 17:43 (IST)
The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off.
May 17, 2013 12:03 (IST)
The dollar held firm near a 10-month high versus a basket of currencies on Friday after a regional Federal Reserve chief said the U.S. central bank may begin to taper its asset buying this summer, while Asian shares were mixed.
Mumbai | May 17, 2013 10:18 (IST)
Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the domestic stock market capped the fall.
Mumbai | May 16, 2013 18:09 (IST)
"D&B expects the rupee to average at around 54.00-54.20 per dollar during May 2013," the note added.
May 16, 2013 16:29 (IST)
The rupee continues to trade weaker at 54.84/85 versus its previous close of 54.78/79 as the euro's losses against the greenback boost.
May 16, 2013 11:15 (IST)
Besides, strengthening of yen and other Asian currencies against the dollar in overseas market also supported the rupee, forex dealers said.
Mumbai | May 15, 2013 11:48 (IST)
The rupee resumed weak at 54.86 per dollar as against yesterday's closing level of 54.81 per dollar at the Interbank Foreign Exchange (Forex) market.
Mumbai | May 14, 2013 19:36 (IST)
The rupee edged lower on Tuesday as a sharp easing in wholesale price inflation raised optimism the central bank would cut interest rates to boost economic growth, but gains were short-lived as the dollar remained well bid in the local market.