Currency market

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
IMF keeps watch on Brexit, stands ready to offer support

IMF keeps watch on Brexit, stands ready to offer support

The managing director of the International Monetary Fund (IMF), Christine Lagarde, said on Friday that following the vote in favour of Britain`s exit, or "Brexit", from the European Union, her organisation will keep watch on the outcome and is "ready to support" member countries in any financial difficulties they might come up against.

Jun 25, 2016, 09:35 AM IST

Mandi Live: Expert's Outlook on the currency market

Check out our expert's outlook on the currency market.

Jan 27, 2016, 17:10 PM IST
Market forces should determine rupee value: Sinha

Market forces should determine rupee value: Sinha

Value of the rupee should be driven by market forces even as the Reserve Bank and the government strive to maintain stability in the currency market, Minister of State for Finance Jayant Sinha has said.

Sep 10, 2015, 15:50 PM IST

Greek crisis may have impact on global currency market: Nirmala

The government is "very closely" monitoring the developments in Greece as that could have implications on the international currency market, Commerce and Industry Minister Nirmala Sitharaman said today.

Jul 07, 2015, 01:00 AM IST

Tokyo stocks open flat

The Nikkei 225 index at the Tokyo Stock Exchange, which finished at its best level since April 2000 on Thursday, inched up 5.50 points to 20,208.37 at the start.

May 22, 2015, 10:18 AM IST

First global code of conduct for FX trading may be within reach

Central banks seeking to quell misconduct in the $5 trillion a day currency market are hopeful that for the first time they can unify the industry`s disparate codes of conduct into one central document within the next two to four years.

May 06, 2015, 19:25 PM IST

Rupee falls for 3rd straight week, ends at 61.15 Vs USD

Extending losses for the third straight week, the rupee came off from seven-week low of 61.62 logged on Friday but still closed down by 34 paise to settle the week at 61.15 against the Greenback.

Sep 27, 2014, 18:16 PM IST

Exchange rate reflecting true value of rupee: Chidambaram

Volatility and speculation have been largely contained in the currency market and it is reflecting the true value of the rupee, Finance Minister P Chidambaram said on Thursday.

Nov 21, 2013, 17:20 PM IST

ADB warns of asset price bubbles risk

The Asian Development Bank (ADB) warned Monday of risk of asset price bubbles as local currency bond markets in East Asia expanded by 12.1 percent last year.

Mar 18, 2013, 14:49 PM IST

Rupee gains 54 paise; claws back to 55-level Vs dollar

Moving up for the second straight day, the rupee on Friday gained a whopping 54 paise to end at 55.54 against the dollar on persistent dollar-selling by exporters amid RBI hinting at opening a separate dollar window for oil firms.

Jun 01, 2012, 10:00 AM IST

Rupee weakens after 3-day rally, down 49 paise vs dollar

After three days of relief rally, the rupee on Tuesday came under pressure touching a low of 55.88 on heavy month-end dollar buying by oil companies amid the US dollar gaining strength globally but RBI intervention helped the domestic currency finally close 49 paise lower at 55.67.

May 29, 2012, 10:24 AM IST

Rupee rises for 2nd day; RBI action helps unit gain 27 paise

Rising for second day in a row, the rupee on Friday gained 27 paise to close at 55.37 against the dollar after RBI intervened on currency breaching the 56-level in early trade.

May 25, 2012, 13:25 PM IST

No respite for rupee, slumps to new record low of 56.38 Vs dollar

The rupee slumped to a fresh low of 56.38 against US dollar in early trade Thursday, extending its losses for the seventh day as RBI's multiple attempts to prop up the currency did not have the much impact with fund outflows intensifying on renewed Greece concerns.

May 24, 2012, 09:45 AM IST

Rupee free-fall continues, hits new low of 56.22 Vs dollar

The rupee slumped to a fresh low of 56.22 on Wednesday but closed at 56 against the dollar, extending its losses for the sixth day.

May 23, 2012, 10:37 AM IST

No end to rupee's free-fall; hits new low of 55.47 vs dollar

Continuing its free-fall for the fifth day in a row, rupee set a new low of 55.47 before ending at 55.39 against the dollar.

May 22, 2012, 16:00 PM IST

Rupee stages recovery after touching new low of 55.07

The Indian rupee recovered by four paise to 54.99 after touching all-time low of 55.07 against the American currency in early trade due to mild selling of dollars by banks following following measures taken by RBI to curb the local currency's fall.

May 22, 2012, 10:29 AM IST

Rupee recovers from record low, up 29 paise against dollar

The rupee had plunged against the US dollar to a historic low of 54.56 before closing at 54.50 in yesterday's trade, the lowest closing ever.

May 17, 2012, 10:07 AM IST

Rupee at historic low levels; govt says don't panic

The rupee on Wednesday plunged against the the dollar to a historic low of 54.56 before closing slightly better at 54.50 despite RBI's intervention, raising widespread concerns about the health of the economy.

May 16, 2012, 13:53 PM IST

Rupee hits fresh 5-month low of 54.26 against dollar; all-time low in sight

The rupee had touched a record intra-day low of 54.32 on December 15, 2011.

May 16, 2012, 10:09 AM IST