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HSBC raises rupee forecast on flows, current account

Last Updated: Friday, October 11, 2013, 12:12

HSBC cuts its USD/INR forecast for the end of the year to 62 from 65 previously, citing improvements in the current account deficit and measures to attract inflows.

Rupee value should be 59-60 to a dollar: Chidambaram

Last Updated: Friday, September 27, 2013, 18:14

"We think that based on the REER (real effective exchange rate) value, that (59-60) is the right level of the rupee and it should not overshoot its mark.

Rupee gains for first time in four days, ends 31 paise higher

Last Updated: Wednesday, September 25, 2013, 21:35

The rupee advanced for the first time in four sessions on Wednesday, ending 31 paise higher at 62.44 against the dollar as exporters and some banks sold the US currency, which weakened in the overseas market.

Rupee up 142 paise at 61.96 Vs dollar

Last Updated: Thursday, September 19, 2013, 09:48

Rupee showed a sharp gain of 142 paise or 2.24 percent from its last close.

Rupee washes out initial losses, up 19 paise at 63.18 Vs dollar

Last Updated: Wednesday, September 18, 2013, 09:42

The rupee washed out earlier losses Wednesday and was quoted higher by 19 paise to 63.18 per dollar on fresh selling of the US currency by banks and exporters on the back of its weakness overseas.

Rupee gains 43 paise at 62.95 Vs dollar in early trade

Last Updated: Thursday, September 12, 2013, 09:56

The domestic currency has spurted by 425 paise or 6.28 percent in last five straight sessions.

Task force on promoting local currency trade to meet Wednesday

Last Updated: Tuesday, September 10, 2013, 19:21

Officials from economic ministries, Reserve Bank, SBI and industry bodies will deliberate on mechanisms for international trade in local currencies at their first panel meeting Wednesday.

Rupee fall has forex reserves plunging $16.5 bn since April

Last Updated: Sunday, September 08, 2013, 17:34

The Reserve Bank was net seller of the dollar twice this year in May and June, according to its monthly data.

'Rupee depreciation matter of concern but no reason for despair'

Last Updated: Saturday, September 07, 2013, 22:37

"The recent depreciation of rupee, which is more than 18 percent during the last one year, high food inflation and a drop in manufacturing activity are matters of concern.

Rupee trading at 66.06 per dollar

Last Updated: Friday, September 06, 2013, 09:23

Finance Minister P Chidambaram had yesterday asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.

Rupee trims initial losses Vs dollar, still down 14 paise

Last Updated: Monday, September 02, 2013, 12:58

The Indian rupee trimmed its initial losses but was still quoted down by 14 paise to 65.84 per dollar on demand for the US currency from banks and importers due to higher global cues amid firm equity market.

Rupee down 45 paise to 66.15 against dollar in early trade

Last Updated: Monday, September 02, 2013, 09:12

At the interbank foreign exchange market, the local currency resumed 66.15 from the previous close of 65.70 against dollar.