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Currency

Rupee trims initial gains; still quoting higher at 67.60 vs Dollar

The rupee trimmed its initial gains against the US Dollar, but was still quoted higher by 120 paise to 67 rupees 60 paise per dollar in the late morning trade on selling of dollars by banks and exporters. The battered rupee recovered after the RBI yesterday said it has started a facility to meet the […]

Currency

Rupee sinks to new low of 68.85

The rupee on Wednesday collapsed to a lifetime low of 68.85 against the dollar and closed at 68.80, registering its biggest single-day loss of 256 paise, as global oil prices jumped, deepening concerns about the current account deficit and capital outflows. Consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil […]

Currency

Rupee reaches lifetime low at 68.75

The rupee plunges to a new record low of 68.75 per dollar in the late morning trade on persistent dollar demand from banks and importers due to further fall in equity market amid rise in crude oil prices. The rupee resumed lower at 66.90 per dollar as against the last closing level of 66.24 per […]

Currency

Rupee logs worst fall to all-time low of 66.30, ends at 66.24

Worries about the food subsidy bill dragged the rupee to a fresh lifetime low of 66.30 to the dollar on Tuesday before closing at 66.24 as the market ignored govt assurances on keeping the fiscal deficit in check. The rupee fell amid weak local equities, dollar demand from importers and banks, outflows and rising oil […]

Currency

Rupee breaches 66-mark against dollar, down 176 paise

The rupee on Tuesday breached the 66-mark against the dollar for the first time in history and quoted at 66.06 at mid-session, a strong US currency overseas and capital outflows also weighed on the rupee. The Indian currency declined amid weak local equities and demand for the dollar from importers and banks. The rupee opened […]

Currency

Rupee breaches 65 mark vs Dollar in early trade

The rupee today again breached 65-mark against dollar falling sharply by 104 paise to trade at 65 rupees 34 paise on strong month-end dollar demand from importers and a weak opening in the domestic equity market. The rupee had recorded a steep fall of 110 paise to close at 64 rupees 30 paise against the […]

Currency

Rupee snaps losing streak; rises 25 paise to quote at 64.30 vs Dollar

Snapping a six-session losing streak, the rupee today rose by 25 paise to 64.30 in early trade on fresh selling of the US dollar by exporters. The local currency had lost 44 paise to close at a new low of 64.55 against dollar, after breaching the 65 mark to mark all-time intra-day low of 65.56 […]

Currency

Rupee hits record low of 62.60

The Rupee tumbled to record low of 62.60 against the dollar in early trade at the Interbank Foreign Exchange market on dollar demand from importers. Besides increased demand from oil importers for the US currency, lower opening in the equity market pulled down to Rupee to all-time low, forex dealers said. The Rupee had lost […]

Currency

Rupee down 27 paise Vs dollar in early trade

The rupee on Friday lost 27 paise to 60.70 against dollar in early trade on the Interbank Foreign Exchange market on higher demand for the US currency from importers, even as RBI took more measures to curb the domestic unit’s fall. Forex dealers said apart from higher demand from importers for the American currency, the […]

Currency

Rupee breaches 61-mark against dollar

The rupee breached the 61-mark again by falling 60 paise to 61 rupees 7 paise against the dollar in early trade. This follws heavy month-end demand for the US currency amid growth concerns. The rupee had declined by a whopping 106 paise to close at three-week low of 60 rupees 47 paise yesterday. It […]