New Delhi | May 17, 2013 22:55 (IST)
Foreign investors expect the rupee to trade below 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.
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.
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.
Mumbai | May 13, 2013 18:30 (IST)
The rupee recovered sharply from more than two-month lows hit earlier on Monday after the Reserve Bank of India (RBI) said previously announced restrictions on gold imports would apply immediately, leading to big short-covering of rupee positions.
May 13, 2013 13:53 (IST)
The rupee traded weaker against the dollar at 54.94/95 from its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt. The pair rose to as high as 55.01 earlier in the session, its highest since March 4.
May 13, 2013 09:59 (IST)
The rupee weakened to its lowest level in more than two months on Monday weighed down by weaker domestic shares and broad gains in the dollar against global currencies.
May 13, 2013 09:49 (IST)
The rupee fell to a five-week low of 54.87/88 against the dollar, from its previous close of 54.80/81 on Friday, tracking broad gains in the dollar versus majors and other Asian currencies.
May 12, 2013 18:28 (IST)
The declining trend in rupee is expected to be short-lived and is likely to be seen stabilizing towards the 54 mark against the US dollar soon, say experts. This is on the back of expected low inflation numbers coming next week and stabilising global economy, they say.
Mumbai | May 10, 2013 18:07 (IST)
The rupee posted its biggest single-day fall in four months on Friday, as the dollar's strength against global currencies and demand from oil and gold importers offset gains in domestic shares that have been driven by strong foreign flows.
May 10, 2013 15:43 (IST)
The yen weakened past 100 per dollar, giving Japanese Prime Minister Shinzo Abe a symbolic victory for his easy money policies, with markets bracing for further declines in the currency that could raise tensions with trading partners.
May 10, 2013 10:16 (IST)
The dollar rose above 100 yen for the first time in more than four years Friday as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves to help revive Japan's moribund economy.
May 10, 2013 09:53 (IST)
The rupee hit a more than three-week low of 54.65 in opening deals before currently trading at 54.53/54 versus its Thursday's close of 54.25/26.
Mumbai | May 09, 2013 17:49 (IST)
The rupee weakened for a fifth session on Thursday as persistent dollar demand from oil and gold importers offset the positive risk sentiment seen regionally, while a fall in local shares also weighed.
May 08, 2013 17:46 (IST)
The rupee remained in a tight range on Wednesday as positive sentiment due to stronger Asian currencies and the euro was offset by choppy domestic shares and demand for the greenback from custodian banks and oil importers.
Mumbai | May 07, 2013 17:44 (IST)
The rupee rose on Tuesday, snapping three sessions of losses, as rumoured inflows related to a corporate deal helped offset dollar demand for defence-related purchases.
May 07, 2013 10:09 (IST)
The rupee lost against the dollar for a fourth session on early follow-on demand from oil and defence importers, dealers said.
May 07, 2013 09:31 (IST)
Non-deliverable forwards are used to hedge or speculate against currencies when exchange controls make it difficult for foreigners to trade in the spot market directly.
Mumbai | May 06, 2013 17:26 (IST)
The rupee fell to its lowest in nearly a week on Monday on continued dollar demand from state-run banks, likely related to the government's defence purchases.
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On May 17, 2013 14:33 (IST)
A stronger US dollar coupled with an easing of financial meltdown fears in Europe will limit gold's investment appeal. 
