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Currency

Rupee recovers back from historic lows, ends FY14 with 10% loss

The rupee has ended the fiscal with a loss of over 10 per cent against the US dollar, clawing back from its lifetime low hit in August and becoming one of the best performing Asian currencies. On the last trading session of this fiscal on March 28, the rupee ended at 59.91, an eight-month high. […]

Currency

Rupee at 3-month high, up 64 p Vs $ as CAD drops, stocks soar

The rupee on Wednesday zoomed 64 paise to end at almost a three-month high of 61.11 against the US dollar enthused by a narrowing current account deficit (CAD) and domestic stock indices logging new peaks. Continued foreign funds inflow and persistent dollar selling by exporters and some banks also boosted the rupee value, a forex […]

Currency

Rupee down 11 paise against dollar in early trade

The rupee lost 11 paise to 62.15 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange Market due to appreciation of the American currency against the euro and other currencies overseas. Downbeat figures of December quarter GDP data and increased demand for the dollar from importers and banks also put […]

Currency

Rupee up 13 paise against USD in early trade

The rupee on Friday recovered 13 paise to 62.03 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks. Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market also supported the […]

Currency

Rupee up 14 paise vs dollar in early trade

The rupee today gained 14 paise to 62.27 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters. Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market ahead of second quarter economic growth […]

Currency

Rupee rises 30 paise against dollar

The rupee rose 30 paise to 62.81 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on continued selling of the US currency by exporters amid a higher opening in the equity market. Forex dealers said persistent capital inflows from foreign funds after RBI announced fresh steps to boost liquidity […]

Currency

Rupee down 23 paise to 2-month low against dollar

Continuing its slide for the fifth straight day, the rupee today lost 23 paise to trade at 63.47 on strong dollar demand from importers. At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at 63.47 a dollar from its previous close of 63.24. Forex dealers said besides sustained demand for the US […]

Currency

Rupee touches nearly 8-week low Vs USD, drops 83-paise

The rupee dropped by 83-paise to 63.30 against the American currency after a gap of nearly eight weeks on persistent dollar demand from importers and banks on the back of higher dollar overseas. The rupee resumed lower at 63.00 per dollar as against the last weekend’s level of of 62.47 per dollar at the Interbank […]

Currency

Rupee down 19 paise against dollar in early trade

The rupee on Thursday lost 19 paise to 62.58 against the dollar in early trade at the Interbank Foreign Exchange market due to higher demand of the US currency from banks and importers. Forex dealers said a lower opening in the domestic equity market also put pressure on the rupee but dollar’s weakness against euro […]

Currency

Rupee plummets by 77 paise to one-month low versus US dollar

In step with the weak stock market, the rupee today plunged by 77 paise to end at over one-month low of 62.39 against the dollar on renewed fears that the US Federal Reserve would look at scaling back its stimulus soon. Dollar buying by banks and importers picked up after data showed on Tuesday that […]