On July 28, 2014 18:07 (IST)
The rupee closed marginally weaker on Monday, marking another sluggish session as dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks.
On July 28, 2014 14:44 (IST)
The Indian unit was stuck in a narrow range as greenback sales from custodian banks are offset by dollar buying from importers to meet month-end demand.
On July 28, 2014 10:15 (IST)
The biggest pressure on the rupee might come from the Reserve Bank's monetary management. According to Morgan Stanley, the RBI will remain a buyer of dollars over the next few years to safeguard the rupee from external shocks such as a sudden spike i...
On July 26, 2014 16:50 (IST)
Following the May 22 announcement by the Fed, there was a heavy depreciation in the rupee due to India's external sector vulnerabilities. From a level of 55 against the dollar, it touched an all-time high of 68.54 in August.
On July 26, 2014 13:21 (IST)
India's foreign exchange reserves surged for the seventh straight week, rising by $813.2 million to $317.85 billion in the week ended July 18 on the back of a healthy rise in the core currency assets, the Reserve Bank of India (RBI) said on Friday.
On July 25, 2014 17:22 (IST)
The rupee ended marginally higher on Friday, as heavy dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks, continuing a pattern of largely range-bound trading.
On July 24, 2014 18:10 (IST)
The rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the session on the back of month-end dollar demand from importers and possible intervention by the Reserve Bank of India (RBI).
On July 23, 2014 17:24 (IST)
The rupee strengthened to its strongest level in a week and half on Wednesday as continued foreign fund inflows into the domestic share and debt markets aided while gains in other Asian units also helped.
On July 23, 2014 09:57 (IST)
Importer dollar demand to meet month-end payment commitments will limit the gains in the Indian unit.
On July 22, 2014 17:55 (IST)
The Indian rupee touched an all-time low of 68.85 in August last year and since then it has recovered to 60 levels. But forex expert AV Rajwade is of the view that rupee should depreciate to 70 per dollar to spur export-driven growth in India.