India Rupee zooms to nearly 3-month high of 67.22 against US dollar
The rupee continued to outshine against the beleaguered US dollar and ended at a nearly 3-month high of 67.22, appreciating by 9 paise on sustained unwinding of American currency by exporters and corporates ahead of the RBI policy.
Feb 06, 2017, 18:47 PM IST
Forex reserves up $932.4 million to $360.77 billion
Country's foreign exchange reserves surged for the second consecutive week by USD 932.4 million to USD 360.775 billion in the week to January 20 on account of rise in foreign currency assets, the Reserve Bank said today.
Jan 27, 2017, 18:42 PM IST
Rupee nears 1-month high, soars 27 paise to 67.36 against US dollar
Stretching its resurgent trend for the third straight day, the rupee on Thursday ended at a near one- month high of 67.36, rising 27 paise against the US currency due to continuous dollar selling from exporters and banks.
Dec 08, 2016, 20:44 PM IST
Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report
The rupee is expected to see further depreciation in the coming months and may breach the 70-level by December and touch 72.50 by the end of 2017, says a Deutsche Bank research report.
Nov 27, 2016, 17:39 PM IST
Rupee struggles at 9-month low on forex outflow fears
The rupee remained under immense pressure and continued to slide against the US dollar with the domestic currency ending lower by 9 paise at 68.25 - its lowest level in nine-months on heightened capital outflows.
Nov 22, 2016, 19:34 PM IST
Rupee crashes below 68 level against dollar; ends at 9-month low
The rupee Friday crashed below the psychological 68-mark to end at near nine-month low as sentiment turned bearish on combination of growing US rate hike expectations and stunning dollar run.
Nov 18, 2016, 18:52 PM IST
Indian rupee jumps to 1-month high against US dollar at 66.62
The rupee on Tuesday recovered 12 paise to close at one-month high of 66.62 per US dollar following heavy dollar unwinding by banks and exporters amid capital inflows.
Nov 08, 2016, 18:59 PM IST
China's forex reserves drops to lowest since 2011
The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.
Nov 07, 2016, 22:19 PM IST
RBI issues guidelines for forex hedging by foreign companies
Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.
Nov 04, 2016, 18:41 PM IST
Foreign exchange reserves dip by $1.5 bn to $366.13 bn
In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.
Oct 21, 2016, 18:29 PM IST
Rupee rebounds against dollar, up 15 paise at 66.73
In a smart rebounds, the Indian rupee on Tuesday gained a good 15 paise against the dollar to end at 66.73 on fresh bout of the US currency selling by exporters and banks amid weak overseas sentiment.
Oct 18, 2016, 21:53 PM IST
India's foreign exchange reserves over $371 billion
According to data released by the RBI on Friday, the reserves stood at around $371.99 billion as on September 30, as against $370.76 billion as on September 23.
Oct 08, 2016, 18:23 PM IST
China's forex reserves fall to 5-year low in September
China`s mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows.
Oct 08, 2016, 18:05 PM IST
Rupee tumbles 39 paise against dollar on 'surgical strikes'
The rupee Thursday lost a whopping 39 paise -- its biggest single-day fall in three months - against the US dollar to close at 66.85 after the Army carried out "surgical strikes" last night on terror launchpads across LoC.
Sep 29, 2016, 19:06 PM IST
FCNR bonds were 'least bad' option to raise dollars: Rajan
RBI Governor Raghuram Rajan on Saturday said that he chose the "least bad" option of raising forex through FCNR(B) scheme three years ago, but it had helped in strengthening the rupee and stabilising the currency market.
Sep 03, 2016, 18:50 PM IST
Rupee jumps to one-month high on strong RBI macro view
The rupee staged a solid recovery against the US dollar Tuesday by rising 16 paise to end at 67.02, its highest highest level in a month, on heavy selling of the greenback by exporters and banks.
Aug 30, 2016, 19:12 PM IST
RBI wants to liberalise while strengthening bond markets: Raghuram Rajan
Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said that the central bank aims to go for liberalisation while strengthening the bond market.
Aug 26, 2016, 20:25 PM IST
Rupee rebounds from 1-month low; closes up 13 paise against USD
The rupee Tuesday recovered from one-month low level to close higher by 13 paise at 67.06 a dollar on the back of selling of the US currency by banks and exporters.
Aug 23, 2016, 20:30 PM IST
China's forex reserves down to $3.201 trillion in July
China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.
Aug 07, 2016, 16:43 PM IST
India link emerges in $3.5-billion forex trading fraud at HSBC
An India link has emerged in the alleged USD 3.5-billion forex trading fraud case at HSBC, where two senior executives have been accused of doing 'front-running' by cheating a client that was selling part-stake in an Indian subsidiary.
Jul 21, 2016, 20:25 PM IST
