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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 […]

Currency

Rupee down 12 paise against dollar in early trade

The rupee fell by 12 paise to 61.86 in early trade at the Interbank Foreign Exchange market on Tuesday on fresh dollar demand from banks and importers amid strengthening of the US currency overseas. Forex dealers said besides dollar gaining against other currencies in the global markets, increased demand for the American currency from importers […]

Currency

Rupee falls 21 paise in early trade

The rupee fell by 21 paise to 61.48 in early trade on Monday, on the Interbank Foreign Exchange market due to fresh dollar demand from banks and importers, amid strengthening of the US currency overseas. Forex dealers said besides dollar gaining against other currencies in the global markets, increased demand for the American currency from […]

Currency

Rupee rallies to over 2-month high at 60.92 Vs US dollar

The rupee rallied to a two-month high of 60.92 against the US dollar in late morning deals on Friday on persistent selling of the USD by banks and exporters on the back of sustained capital inflows from foreign funds. The domestic currency resumed higher at 61.19 per dollar as against the last closing level of […]

Currency

Rupee depreciates further by 28 paise to 61.83 against dollar

The rupee fell for the second day and depreciated by 28 paise on Tuesday to 61.83 against the dollar which strengthened on expectations US lawmakers would reach a deal to end the debt ceiling impasse. The dollar was up 0.40 percent against six major global rivals. The local currency also fell amid weak local stocks […]

Currency

Rupee recovers 23 paise Vs dollar in early trade

The rupee recovered by 23 paise to 61.32 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange following selling of the American currency by exporters and banks. A higher opening in the domestic equity market and a weak dollar against other currencies overseas also supported the gain in rupee, forex dealers […]

Currency

Rupee up 29 paise against dollar in early trade

The rupee on Friday appreciated further by 29 paise to 61.10 against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and increased capital inflows. Forex dealers said besides selling of the American currency by exporters, gains in other Asian currencies against the dollar […]

Currency

Rupee trims early losses, still down 39 paise against dollar

In line with the equity market, the rupee trimmed early losses and was quoted down 39 paise to 62.18 against the dollar on demand from banks and importers for the US currency as it strengthened overseas. The rupee resumed lower at 62.07 per dollar as against the previous close of 61.79 at the interbank foreign […]

Currency

Rupee down 51 paise against dollar in early trade

The rupee weakened by 51 paise to 62.30 against the dollar on the Interbank Foreign Exchange market in early trade on Wednesday after the International Monetary Fund lowered its projection of India’s growth rate. Besides, strengthening of the US dollar against euro and other currencies in the global market and a lower opening in the […]

Currency

Rupee ends unchanged at 61.79 against dollar

The rupee ended unchanged at 61.79 against the dollar today on alternate bouts of demand and supply amid surprise steps by the RBI to increase liquidity. The Reserve Bank of India on Monday reduced the marginal standing facility (MSF) rate, at which it lends emergency funds to banks, by 50 basis points to 9 per […]