Weekly Review: Rupee suffered major setback; plunges to fresh one-month low
The resurgent rupee suffered a major setback during the week as the home currency crumbled under heightened US political instability fears and plunged to end at a fresh one-month low of 64.64 against the greenbank.
May 20, 2017, 18:25 PM IST
Weekly Review: Rupee stages a spectacular recovery against dollar
The forex market sentiment also got a boost from the domestic equities' which scaled their life highs and also expectation of good monsoon reviving rural demand, soft interest rates and strong lending growth for the region's third largest economy.
May 13, 2017, 16:25 PM IST
Weekly review: Rupee fell back from a near 21-month high against dollar
Snapping a brief recovery, the home currency ended the week with a loss of 14 paise.
May 06, 2017, 17:37 PM IST
Rupee rise shows economic power, govt not targeting level: Das
The domestic currency has been Asia's best performer this year and its rising clout against the US dollar has been aided by a hands-off approach by the RBI.
May 05, 2017, 15:41 PM IST
Weekly review: Rupee makes strong comback against dollar; ends at a near 21-month high
Halting a two straight weeks of downfall, the rupee made a strong comback against the US currency and ended at a near 21-month high of 64.24 - surging by a good 37 paise on heavy dollar selling by exporters and corporates.
Apr 29, 2017, 20:44 PM IST
Rupee at fresh 21-month high of 63.98 against dollar
Robust foreign fund inflows supported the rupee but weakness in domestic equities in early trade capped the gains.
Apr 27, 2017, 10:04 AM IST
Weekly review: Rupee continues dizzying downward spiral for second-straight week
The rupee continued its dizzying downward spiral for the second-straight week and depreciated by a whopping 20 paise to end at 64.61 against the US currency.
Apr 22, 2017, 18:23 PM IST
Rupee to average 66.2 against dollar in 2017-18: Kotak
The appreciation in the rupee is likely to continue for some time and it is expected to average at 66.2 against the US dollar in the current financial year.
Apr 11, 2017, 13:02 PM IST
Weekly review: Rupee continues its undisputed performance vs USD; at fresh 20-month high of 64.28
The overall forex market sentiment also got a leg-up after the RBI projected India's growth at 7.4 percent for the current fiscal, up from 6.7 percent.
Apr 08, 2017, 17:30 PM IST
Rupee good run continues, gains 4 paise against dollar
The rupee's good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows.
Feb 03, 2017, 10:00 AM IST
Demonetisation: Rupee touches all-time low, regains to end at 68.73
As the rupee plunged to a record low today, Finance Ministry said it is closely monitoring the currency movement.
Nov 24, 2016, 18:16 PM IST
No plans to devalue rupee, market to determine value: Finance Ministry
As the rupee saw a sudden plunge this morning on reports of currency devaluation, Finance Ministry officials on Thursday said there were no plans to devalue the domestic unit and its value will continue to be determined by the market.
Sep 15, 2016, 14:19 PM IST
Didn't tell reporter I want devaluation: Nirmala Sitharaman
The government sent mixed messages on Thursday whether it wanted a weaker rupee, with Commerce Minister Nirmala Sitharaman saying she had not told a reporter the government was discussing a devaluation but stopping short of an outright denial.
Sep 15, 2016, 11:05 AM IST
Rupee falls on report of ministry's call for weaker currency; finance ministry denies
The Indian rupee fell below 67 to the dollar on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports.
Sep 15, 2016, 11:00 AM IST
Forex reserves continue to slide, fall to $360.2 bn
In the previous week, the reserves had fallen by USD 121.3 million to USD 360.905 billion.
Jun 03, 2016, 19:30 PM IST
India's forex reserves down $121.3 mn to $360.90 bn
Total reserves had dipped by USD 968 million to USD 361.02 billion in the previous reporting week ended May 13.
May 27, 2016, 20:57 PM IST
RBI Governor says no reason for government to sell dollar bonds
"I see no reason for the sovereign to issue dollar bonds across the world," said Rajan, speaking at an event at the Chicago Booth business school in London.
May 13, 2016, 15:46 PM IST
Forex intervention will continue to reduce volatility: Raghuram Rajan
Rajan said India will intervene in the currency market when there`s a sustainable risk in global markets and the country sees a flood of capital coming in.
Apr 19, 2016, 09:17 AM IST
Rupee snaps 2-week rise; down 25 paise to 66.46
Snapping its nearly 2-week winning spree against the American currency, the rupee on Tuesday dropped by 25 paise to end at 66.46.
Apr 05, 2016, 19:34 PM IST
Rupee stays on shaky wicket, slips 8 paise to 66.79 against dollar
Extending its slide for the third straight day, the rupee shed another 8 paise to 66.79 against the dollar in early trade on Wednesday on appreciation of the American currency against others overseas.
Mar 23, 2016, 09:50 AM IST
