APN News » Currency
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Rupee plunges 56 paise against dollar in early trade
Jun 18, 2013The rupee plunged by 56 paise, or almost 1 per cent, to trade at 58.43 against the dollar in early trade at the Interbank Foreign Exchange market on Tuesday due to renewed dollar demand from importers and appreciation of the US currency overseas. Forex dealers said besides dollar’s gains against the yen overseas as investors [...]
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Rupee turns weak; down 43 paise Vs dollar in early trade
Jun 13, 2013After a day’s relief, the rupee on Thursday fell by 43 paise to 58.22 against the dollar in early trade due to increased demand for the US currency from banks and importers amid a weak opening in local equities. Dealers said besides increased demand for dollar from importers, a weak opening in the domestic equity [...]
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Govt taking steps to arrest rupee’s fall, says Montek
Jun 12, 2013Attributing the rupee’s decline to dollar surge in international markets, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the government has been taking steps to deal with the economic situation and hoped that forex market will stabilise. “We have taken a number of steps, macroeconomic steps, fiscal deficit reduction step, steps to improve [...]
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Rupee recovers from record low; up 19 paise vs dollar
Jun 12, 2013The rupee recovered by 19 paise to 58.20 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market after RBI announced steps to check free-fall in rupee, raising the limit for online repatriation of export proceeds by over three-fold to USD 10,000. Besides, selling of American currency by banks and dollar’s [...]
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Rupee hits all-time low of 58.90 in late morning trade
Jun 11, 2013Rupee today fell by 74 paise to hit a new all-time low of 58 rupee 90 paise in the late morning trade on persistent dollar demand from importers and banks as well as heavy capital outflows amid weak local equities. Earlier rupee resumed lower at 58 rupees 35 paise against the dollar as against the [...]
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Panic in market about Rupee ‘unwarranted’: Fin Min
Jun 10, 2013With rupee plunging to life-time low of 57.54 verus dollar, the Finance Ministry on Monday said there is an unwarranted panic in the market and hoped it will settle down in a sometime. “If you see weakening of all currency vis-a-vis dollar, rupee is also not unaffected in that sense. But I think this is [...]
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Rupee hits over 11-month low of 57; down 16p
Jun 6, 2013The rupee on Thursday hit the 57-level in the late morning trade after 11 months on persistent dollar demand from importers and banks. The rupee resumed lower at 56.80 per dollar as against Wednesday’s closing level of 56.73 at the Interbank Foreign Exchange (Forex) market and dropped further to a low of 57.00 per dollar [...]
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Import duty on gold hiked to 8%
Jun 5, 2013With spiralling gold imports putting huge pressure on the Current Account Deficit, government on Wednesday night hiked the import duty on the metal to 8 per cent, up by 2 per cent, in a bid to rein in demand. “The import duty on gold has been increased from 6 per cent to 8 per cent,” [...]
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Rupee up 12 paise against dollar in early trade
Jun 5, 2013The rupee on Wednesday rose by 12 paise to 56.32 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters. Forex dealers said strengthening of the euro against the dollar overseas, also supported the rupee. They said, however, a weak opening in the domestic [...]
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Rupee hits over 11-mth low vs dollar
May 31, 2013Tracking massive fall in equities, the rupee declined by 12 paise to end at 11-month lows of 56.50 against the US dollar amid worries over current account deficit and GDP growth. Rupee commenced lower at 56.50 from previous close of 56.38 at the Interbank Foreign Exchange (Forex) market on Friday. With FII outflows of USD [...]
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