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.
May 23, 2013 09:47 (IST)
The rupee is at a new six-month low on global dollar strength after Bernanke testimony, says a dealer. The rupee is at 55.77/78 after falling to 55.86, last closed at 55.46/47.
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 09:57 (IST)
The rupee hit a fresh near 6-month low in opening trades, falling to 55.48 after opening at 55.335. It traded at 55.43/44 versus Tuesday's close of 55.41/42.
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 09:46 (IST)
The rupee opened higher on Tuesday. The rupee-dollar pair traded at 54.97/98 versus its last close at 55.10/11.
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 09:42 (IST)
The rupee is trading at 54.02/03 after touching 55.07 in opening deals, its lowest since March 4.
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.
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.