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Currency market News

03 Sep 2016

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.

25 Jun 2016

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.

Currency market

27 Jan 2016

Mandi Live: Expert's Outlook on the currency market

10 Sep 2015

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.

06 Jul 2015

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.

22 May 2015

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.

06 May 2015

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.

27 Sep 2014

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.

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