Rupee gains 4 paise at 65.25 against US dollar
Rupee gains 4 paise at 65.25 against US dollar

The rupee strengthened by four paise to 65.25 against the dollar in early trade on Tuesday on sustained selling of the US currency by exporters and banks amid firm equity markets.

US dollar traded mixed
US dollar traded mixed

The PPI report indicated relatively low inflation level, therefore lowering market expectation for an interest-rate hike as early as this month.

This temple trust got Rs 3.8 crores in cash donation on Gurupurnima

The Saibaba Sansthan trust has received Rs 3.8 crore cash, gold and foreign currency donations from devotees during the three-day 'Gurupurnima Utsav', an official said Monday.

Dollar ticks up after falling on US wage report

The euro bought $1.0985 and 136.23 yen, slightly higher than $1.0984 and 136.10 yen in US trade.

Euro depreciation makes Europe a favourite tourist spot

With competitive air fares and lucrative tour packages, there is a big surge in the number of tourists who are more interested in visiting Europe than South Asia or USA.

Dollar near five-year high vs yen on hawkish comments from Fed official

The dollar index was little changed at 97.995 and near a three-month high of 98.147 scaled overnight.

Saudi reserves dip $49 bn from end-2014: Report

Saudi Arabia`s foreign currency reserves dropped by $49 billion in the first four months of 2015 following the dive in world oil prices, a report said Monday.

Dollar near eight-year high against yen

In Tokyo, the greenback bought 123.15 yen, compared with 123.09 yen in New York, where it passed the 123.30 yen level at one point, its highest since mid-2007.

Fxkart.Com announces $2 million seed funding

Fxkart.Com is an online platform for exchange of foreign currency.

Swiss central bank swells foreign currency reserves to record high

Switzerland`s central bank dramatically increased its foreign currency reserves last month as it moves to keep the heated franc from getting too strong, data released Wednesday showed.

SEBI seeks parity between foreign currency, rupee convertibles

Market regulator SEBI Monday said it is in favour of allowing rupee convertibles for domestic investors, on the lines of overseas investors subscribing to foreign currency convertible bonds.

India’s Forex reserves down $1.64 billion

According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the Forex reserves, plunged $867.4 million at $289.95 billion in the week under review.

Indian Bank to revise interest rates from today

Public sector Indian Bank will revise its interest rates on the foreign currency non-resident (banking) term deposits from tomorrow.

Euro at multi-year lows against dollar, yen

The euro is facing selling pressure as investors worry that another round of sanctions on Russia will have a knock-on effect for the eurozone.

Want euros in London? Don’t ask your bank

The exchange rates on the board are not even the best ones Sakthi and his colleagues give bigger or regular clients.

Convert inoperative foreign currency A/c into Re A/c: RBI

The Reserve Bank has directed banks to convert credit balances in any inoperative foreign currency denominated deposit into Indian rupee if the former remains not in use for a period of three years from date of maturity of deposit.

Indian Bank revises interest rates

Public sector lender Indian Bank has revised the term deposit interest rates on foreign currency non-resident (banking) with immediate effect.

For companies, a rocky road ahead in emerging markets

International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.

`Hawala` operator held with foreign currency worth Rs 1.22 cr

An alleged hawala operator was arrested on Wednesday for allegedly trying to smuggle out foreign currency worth Rs 1.22 crore at international airport here.

IDBI Bank shares fall 2% after S&P lowers rating

The foreign currency issuer credit rating on IDBI Bank was cut to 'BB+/B' from 'BBB-/A-3'. The outlook on the long-term rating is negative, S&P had said.