On December 19, 2014 16:41 (IST)
Finance Minister Arun Jaitley on Friday said there is no "serious crisis" in the rupee. Speaking in Rajya Sabha, he blamed the rising dollar for the recent weakness in the rupee and said the strength in the US currency posed a "serious challenge" for...
On December 18, 2014 16:42 (IST)
Investor bets on the Indian rupee remained slightly bullish, but long positions in the rupee were trimmed to their lowest level in two months.
On December 17, 2014 22:23 (IST)
Continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey.
On December 17, 2014 18:06 (IST)
The rupee retreated from thirteen-month lows after the Reserve Bank of India (RBI) stepped up intervention, while bonds also recovered despite concerns over whether foreign funds will stick with India, one of the star performers this year among emerg...
On December 17, 2014 14:50 (IST)
Indian stock markets traded off the day's low on Wednesday after earlier falling by more than 1 per cent. The Sensex was down nearly 40 points, while the Nifty had recovered above 8,000 in the last hour of trade.
On December 17, 2014 23:23 (IST)
The BSE Sensex slumped to a two-month low of 26,500 on Wednesday, while the rupee weakened to 63.89 per dollar - a level not seen since November 2013. The sudden fall in Indian stock and currency markets has been triggered by an economic crisis in Ru...
On December 17, 2014 00:47 (IST)
Asian central banks have ramped up their intervention in currency markets to stem the selloff roiling emerging markets, testing the notion that the region is better placed to handle a market rout than during its 1997-1998 financial crisis.
On December 16, 2014 18:27 (IST)
The rupee hit thirteen-month lows and bonds plunged as markets in the region tumbled on fears about the global economy, raising doubts about whether India can afford to cut interest rates given risks that such a move could trigger foreign outflows.
On December 16, 2014 16:31 (IST)
On a day the rupee breached the 63 mark against US dollar, Commerce Secretary Rajiv Kher said the government would get uncomfortable if the Indian currency stays below the 62 mark for long.
On December 16, 2014 11:32 (IST)
But efforts by the government and the central bank to narrow the current account deficit and the election of Prime Minister Narendra Modi have sparked a sharp turnaround: foreign investors have purchased a net $43.4 billion in shares and bonds this y...
On December 16, 2014 17:06 (IST)
The Indian rupee slumped nearly 1 per cent on Tuesday to register a 13-month low of 63.59 per dollar. This is the weakest level for the rupee since November 13, 2013 when it hit a low of 63.90 per dollar.
On December 16, 2014 08:17 (IST)
The weakness in the Indian rupee should also get halted around 63 per dollar amid expectations that the Reserve Bank will likely intervene to control volatility.
On December 15, 2014 18:57 (IST)
The rupee posted its biggest single-day fall in more than four months, tracking steep losses in emerging market currencies while domestic data showing an unexpected contraction in industrial output sparked concerns about economic growth.
On December 15, 2014 13:29 (IST)
Indian equity markets which have appreciated nearly 35 per cent year-to-date may witness further profit booking by foreign investors ahead of the year end, which is likely to accentuate the fall in rupee, market men say.
On December 15, 2014 16:26 (IST)
TCS was the top Nifty loser today, falling to its lowest intraday level since July 17. The selloff in TCS has come despite the rupee weakening past 62.50 against the dollar and data points from the US suggesting a pickup in the economy. The US is the...
On December 12, 2014 21:37 (IST)
India's foreign exchange reserves dropped by a massive $1.649 billion to $314.661 billion in the week to December 5, led by a fall in foreign currency assets.
On December 12, 2014 18:54 (IST)
The rupee marked its biggest weekly fall in over four months on Friday, tracking steep declines in local shares and broad dollar strength as the slump in crude oil prices raised concerns about the global economy.
On December 12, 2014 08:38 (IST)
Indian stock markets are expected to remain volatile on Friday. Crude oil prices have now slipped below $60 per barrel and the rupee, which has weakened over the last few days, should also stabilize around 62 per dollar albeit with Reserve Bank's int...