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RBI to take steps to check excessive volatility in forex market RBI to take steps to check excessive volatility in forex market Amid the rupee touching nearly 9- month low against the US dollar, Reserve Bank of India (RBI) Friday said it will continue to take steps to check excessive volatility in the currency market.
Rupee falls for 6th day, down 4 paise at 55.63 on USD demand Rupee falls for 6th day, down 4 paise at 55.63 on USD demand On a weekly basis, the rupee fell by 1.36 percent or 75 paise as dollar demand outweighed supply and stocks fell.
Rupee down 10 paise at 55.69 against dollar Rupee down 10 paise at 55.69 against dollar The rupee on Friday weakened further by 10 paise to 55.69 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.
No need to panic on rupee front: Raghuram Rajan No need to panic on rupee front: Raghuram Rajan He said euro has also depreciated against the dollar and so is Japanese yen.
Rupee partially recovers after sinking below 56-mark Rupee partially recovers after sinking below 56-mark After sinking below 56-mark in early trade on heavy dollar demand, the rupee today erased some losses but still ended 13 paise lower at fresh six-month low of 55.59 amid signs of capital inflows in battered equities and exporters selling the American currency to book profits..
Rupee slumps to fresh 6-month low at 55.46 Vs dollar Rupee slumps to fresh 6-month low at 55.46 Vs dollar Inching closer to the 56-level, the rupee on Wednesday weakened by five paise to hit a fresh six-month low of 55.46 against dollar.
Rupee snaps initial gain, down 4 paise at 55.45 vs dollar Rupee snaps initial gain, down 4 paise at 55.45 vs dollar Strengthening of the euro against the dollar in overseas market and a higher opening in the domestic equity market supported the rupee, dealers said.
Rupee hits 6-month low at 55.41 vs dollar Rupee hits 6-month low at 55.41 vs dollar The rupee on Tuesday hit nearly a six- month low of 55.41 by losing a staggering 30 paise, due to sustained dollar demand from importers and weak local equities, extending losses for the third straight session.
Rupee trims early gains, still up by five paise at 55.06 vs dollar Rupee trims early gains, still up by five paise at 55.06 vs dollar Rupee had lost 23 paise to close at five-month low of 55.11 a dollar yesterday.
Anil Ambani for boosting Rupee-RMB-Dollar trade Anil Ambani for boosting Rupee-RMB-Dollar trade Billionaire industrialist Anil Ambani today said business leaders from India and China should enhance Rupee-RMB-Dollar trade for furthering co-operation between the two nations.
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