Mandi Live: Expert's Outlook on the currency market

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Rupee gains 60 paise to 53.24 against dollar on RBI measures

The rupee on Thursday recovered by a hefty 60 paise to 53.24 against the US dollar in early trade on the Interbank Foreign Exchange market after the Reserve Bank tightened norms for utilisation of the foreign currency fixed deposit funds to check outflow of forex.

Rupee ends at all-time low of 53.84; may go sub-54 by weekend

The rupee on Wednesday closed at all-time low of 53.84 losing a hefty 72 paise against dollar due to sustained demand for the US currency which rose sharply against major rivals after poll results in Greece and France fueled fresh eurozone worries.