On September 04, 2015 15:39 (IST)
The People's Bank of China sent shockwaves through global financial markets on August 11 by devaluing the currency by nearly 2 per cent, triggering fears of a currency war.
On September 04, 2015 17:28 (IST)
Indian stocks markets sold off sharply on Friday with BSE Sensex falling over 2 per cent to hit 14-month lows.
On September 01, 2015 09:36 (IST)
BSE Sensex and Nifty are set to open lower after data released yesterday showed that Indian economy slowed in the June quarter.
On August 31, 2015 09:33 (IST)
Indian markets are likely to open lower today, tracking weak Asian markets. Uncertainty over Fed rate hike and concerns about China weighed on global markets today.
On August 28, 2015 23:02 (IST)
India's foreign exchange reserves rose by $920.6 million to $355.353 billion in the week to August 21, on account of higher foreign currency assets.
On August 28, 2015 19:37 (IST)
The rupee weakened by 10 paise to end at 66.14 against the US dollar due to month-end demand for the American currency from importers and banks.
On August 28, 2015 15:07 (IST)
Indian markets lost some momentum in afternoon trade after European markets struggled in early trade.
On August 26, 2015 23:29 (IST)
Ratings and research firm Crisil on Wednesday said there is a two-third chance that the rupee can touch the level of 64 against the US dollar by March-end 2016 while there is a one-third chance it may reach 67 per dollar.
On August 25, 2015 20:53 (IST)
Traders attributed the sharp rebound in the rupee to developments in China, where the central bank cut its benchmark interest rates and the amount of cash banks must keep on hand.
On August 25, 2015 15:51 (IST)
Meanwhile, Indian asset markets joined the global rout on August 24, with benchmark equity index plunging 5.9 per cent and rupee depreciating more than 1 per cent on the day to close.
On August 25, 2015 19:32 (IST)
Indian stock markets started on a bright note on Tuesday, with the BSE Sensex climbing around 380 points in opening trade, but a sharp selloff in China shares triggered another round of panic selling in equities.
On August 24, 2015 22:55 (IST)
State Bank of India chairperson Arundhati Bhattacharya on Monday described the massive fall in the rupee to be "driven by apprehensions" about the crisis in China and asserted it does not indicate any fundamental issues with Indian economy.
On August 26, 2015 18:22 (IST)
In line with a crash in equities, the rupee tumbled sharply by 82 paise - its biggest single-day fall this year - to settle at 66.65 against the US dollar as global meltdown fears remained unabated.
On August 24, 2015 14:36 (IST)
Indian financial markets are in turmoil as a result of external factors and they should soon settle down, Finance Minister Arun Jaitley said on Monday.
On August 24, 2015 14:29 (IST)
Speaking at an event, Finance Minister Arun Jaitley sought to calm the market nerves by saying that the Indian economy is reviving and the current global market turmoil will have transient impact on India.
On August 24, 2015 12:36 (IST)
Bank of America Merrill Lynch compiled lists of stocks that will be positively and negatively impacted from rupee fall.
On August 21, 2015 15:38 (IST)
Indian stock markets fell sharply for a second consecutive session on Friday. The BSE Sensex came close to breaching the psychological 27,000 mark, while the Nifty slipped below the key 8,250 levels in morning trade.
On August 21, 2015 11:25 (IST)
The Indian rupee fell to 65.81 on Friday amid fears of a currency war after China's depreciation of its yuan. This is lowest value of the rupee since September 6, 2013, when it had hit 66.29/dollar.
On August 20, 2015 20:44 (IST)
The rupee fell back sharply by 27 paise to end at a new two-year low of 65.54 against the US dollar following renewed demand for the American currency from banks and importers.
On August 20, 2015 16:17 (IST)
The rupee fell to as low as 65.50 to the dollar on Thursday, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world's second largest economy.