Forex

June 19, 2013 12:47 (IST)

The rupee rose on hopes of inflows related to debt limit auction, dealers said. The pair traded at 58.70/71 after rising to 58.92, versus its record closing high of 58.77/78 on Tuesday and remained within touch of an all-time high of 58.98 hit on June 11.

June 19, 2013 10:23 (IST)

Rupee hits 58.91, nears record low ahead of Fed meeting

June 19, 2013 09:06 (IST)

The rupee saw small recovery against the U.S. dollar on Wednesday rising to 58.70 against Tuesdays close of 58.77/78 per dollar. The Indian currency had earlier hit a low of 58.82 in opening trades.

Mumbai | June 18, 2013 17:59 (IST)

The rupee fell 1.5 per cent to a record closing low on Tuesday as traders worried that the country's current account deficit made the currency especially vulnerable to any scaling back of the US Federal Reserve's monetary stimulus.

June 18, 2013 16:21 (IST)

The rupee approached a record low while other Asian currencies also fell, reflecting the high stakes for regional policymakers should the Federal Reserve end a period of easy money that had boosted markets from Jakarta to Mumbai.

June 18, 2013 09:14 (IST)

Rupee slips to 58.38 against dollar, nears record low

June 17, 2013 11:40 (IST)

The Indian rupee traded off the day's low at 57.86 after the Reserve Bank kept the key lending rate unchanged.

June 17, 2013 09:59 (IST)

The Indian rupee traded lower ahead of the Reserve Bank's policy decision due later on Monday. The central bank is widely expected to keep rates steady.

Mumbai | June 14, 2013 23:13 (IST)

India's foreign exchange reserves rose $1.78 billion to reach $289.67 billion during the week ended June 7 on account of a healthy increase in currency assets.

Mumbai | June 14, 2013 18:00 (IST)

The rupee gained on Friday on the back of large dollar selling by exporters in spot and forward markets, ending a tough week that saw the currency slump to a record low as part of a broader regional market sell-off.

June 14, 2013 14:12 (IST)

The rupee extended gains after headline inflation eased further, holding out some hopes for a rate cut, dealers said.

June 14, 2013 09:32 (IST)

The rupee opened stronger tracking gains in most other Asian peers and a slight recovery in Asian share markets, but the wholesale price-based inflation data due to be released later in the day will be key for direction.

June 13, 2013 11:25 (IST)

Rupee extends losses to 58.56, unaffected by Chidambarams assurance

June 13, 2013 09:10 (IST)

The Indian rupee opened sharply lower against the dollar on Thursday, falling to a low of 58.17 against the greenback in early trade. The partially convertible rupee traded at 58.07 against Wednesday's close of 57.79/80 as of 09.06 a.m.

Written By: Varun Sinha | June 13, 2013 08:32 (IST)

Home loan equated monthly installments are a significant drain on salaries, so it's no surprise that the Reserve Bank's policy moves are closely tracked not only by economists, but loan consumers too. When headline inflation eased to over 40-month low in April, a rate cut on June 17 - when the RBI meets to discuss policy rates - looked a certainty. However, the sharp plunge in the rupee has changed all equations and more and more analysts have discounted the possibility of a rate cut next week.

Mumbai | June 12, 2013 22:42 (IST)

The unexpected upward revision of Indias sovereign rating by Fitch on Wednesday will strengthen the battered rupee which would also stem the fund outflow from the domestic market, Standard Chartered said.

Mumbai | June 12, 2013 21:49 (IST)

The steep fall in the local currency in recent weeks is likely to delay the rate-cut cycle by the Reserve Bank of India (RBI) as the decline will add to imported inflation, economists from three large foreign brokerages said on Wednesday.

Mumbai | June 12, 2013 21:42 (IST)

The battered rupee is likely to trade in the range of 54-56 against dollar in fiscal year 2013-14 with a possibility of widening of this band depending on strengthening of the US unit, Citi Research said on Wednesday.

June 12, 2013 20:08 (IST)

The rupee on Wednesday recovered after a five-session losing streak. The partially convertible rupee ended at Rs 57 57.79/80 against the dollar, 1 per cent stronger compared with 58.39/40 on Tuesday.

Mumbai | June 12, 2013 18:55 (IST)

India said on Wednesday that it is considering measures that would help stabilise the rupee after hitting an all-time low but the assurances are unlikely to be enough unless backed by concrete steps to revive inflows into the slowing economy.