close
This ad will auto close in 10 seconds
Rupee recovers from 7-week low, up 16 paise at 64.73

Rupee recovers from 7-week low, up 16 paise at 64.73

The rupee on Wednesday reclaimed some lost ground by rebounding 16 paise to 64.73 following fresh bouts of dollar selling by banks and exporters.

Forex reserves touch record high at $372.73 billion

Forex reserves touch record high at $372.73 billion

The foreign exchange reserves rose by USD 1.594 billion to touch a life-time high of Rs 372.73 billion in the week to April 28, supported by increase in the foreign currency assets, the Reserve Bank said.

Gold turns firm despite strong US data, Yellen rate hike hints

Gold turns firm despite strong US data, Yellen rate hike hints

Gold rose as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

Forex reserves decline by $935.2 million to $359.671 billion

Forex reserves decline by $935.2 million to $359.671 billion

India's foreign exchange reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said on Friday.

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Due to continuous pressure on rupee against dollar, prospects for cut in the policy rates by the RBI mabe be adversely affected.

 

Zimbabwe to issue derided 'bond notes' on Monday

Zimbabwe to issue derided 'bond notes' on Monday

Zimbabwe will issue "bond notes" equivalent to the US dollar from next week to ease critical cash shortages, the central bank announced on Saturday, despite widespread public fear of a return to hyperinflation.

Sensex tumbles 192 points on weak rupee, F&O expiry

Sensex tumbles 192 points on weak rupee, F&O expiry

Breaking its two-day rally, the BSE Sensex tumbled 192 points to end below the 26,000-mark today after the rupee collapsed to a life-time low against the dollar amid continued foreign fund outflows.

Rupee spurts 18 paise against US dollar in early trade

Rupee spurts 18 paise against US dollar in early trade

The rupee strengthened by 18 paise to 66.84 against the dollar in early trade at the Interbank Foreign Exchange today on selling of the US currency by exporters and banks amid foreign fund inflows.

India Inc's foreign investment fell 84% in August at $399 million

India Inc's foreign investment fell 84% in August at $399 million

Indian firms' overseas direct investment fell 84 per cent to USD 399.06 million in August, data from RBI showed.

 Forex reserve at record high of $367.169 billion

Forex reserve at record high of $367.169 billion

The country's foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets (FCAs).

Dollar edges down, kiwi firm despite rate cut expectations

The dollar was down 0.2 percent at 102.33 yen , well above last week`s low of 100.68 yen, while the euro was steady at $1.1085.

Yen strengthens as Japan announces stimulus

The Japanese yen rose slightly against the dollar and the euro on Tuesday.

Asian shares at 9-month highs on inflow bets; dollar strong

Asian shares at 9-month highs on inflow bets; dollar strong

Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on growing bets of a U.S. rate increase as early as September.

ADB trims developing Asia growth forecast; India on track

ADB trims developing Asia growth forecast; India on track

ADB on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet 7.4 percent and 7.8 percent growth forecast for this and the following year.

Rains, rupee, reforms expected to lift equities

Rains, rupee, reforms expected to lift equities

Healthy monsoon rains, more economic reforms and a firm rupee are expected to support the equity markets` upward trajectory in the coming week.

US, European stocks rise, ending Brexit rout

US and European stocks rose sharply on Tuesday, making their first gains since Britain`s unexpected vote to quit the EU, while the pound rebounded as investors returned to jittery markets.

'India preparing projects worth $2-3 billion for funding by AIIB'

'India preparing projects worth $2-3 billion for funding by AIIB'

India is preparing a basket of projects worth USD 2-3 billion for funding by the Asian Infrastructure Investment Bank (AIIB) in several areas like urban development and energy and is ready to set up an office of the China-backed bank in New Delhi.

Forex reserves touch a life-time high of $363.8 billion

Foreign exchange reserves hit a life-time high of USD 363.8 billion after it rose USD 592.1 million in the week ended June 17, the Reserve Bank said on Friday.

Dollar edges higher vs euro as central banks weigh policy

The dollar pushed higher on the euro and the yen was stronger.

Dollar dips vs yen as Yellen dampens rate hike signal

Less than two weeks ago Yellen said that the US economy was improving enough to support a hike "probably in the coming months."