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Rupee tumbles 39 paise against dollar on 'surgical strikes'

Rupee tumbles 39 paise against dollar on 'surgical strikes'

The rupee Thursday lost a whopping 39 paise -- its biggest single-day fall in three months - against the US dollar to close at 66.85 after the Army carried out "surgical strikes" last night on terror launchpads across LoC.

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.

Rupee jumps to one-month high on strong RBI macro view

Rupee jumps to one-month high on strong RBI macro view

The rupee staged a solid recovery against the US dollar Tuesday by rising 16 paise to end at 67.02, its highest highest level in a month, on heavy selling of the greenback by exporters and banks.

RBI wants to liberalise while strengthening bond markets: Raghuram Rajan

RBI wants to liberalise while strengthening bond markets: Raghuram Rajan

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said that the central bank aims to go for liberalisation while strengthening the bond market.

Rupee rebounds from 1-month low; closes up 13 paise against USD

Rupee rebounds from 1-month low; closes up 13 paise against USD

The rupee Tuesday recovered from one-month low level to close higher by 13 paise at 67.06 a dollar on the back of selling of the US currency by banks and exporters.

China's forex reserves down to $3.201 trillion in July

China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.

India link emerges in $3.5-billion forex trading fraud at HSBC

India link emerges in $3.5-billion forex trading fraud at HSBC

An India link has emerged in the alleged USD 3.5-billion forex trading fraud case at HSBC, where two senior executives have been accused of doing 'front-running' by cheating a client that was selling part-stake in an Indian subsidiary.

Foreign exchange reserves slide $3 bn amid Brexit turmoil

Foreign exchange reserves slide $3 bn amid Brexit turmoil

The country's foreign exchange reserves declined by USD 3.03 billion to USD 360.79 billion for the week ended June 24 amid volatility in the currency market after Brexit referendum in the UK.

RBI governor Raghuram Rajan faces ghosts of rupee's past

RBI governor Raghuram Rajan faces ghosts of rupee's past

The looming expiration of an emergency liquidity measure introduced during India`s 2013 currency crisis comes at a risky time for the rupee, with about $20 billion in deposits expected to leave the country as global investment appetite worsens.

Forex reserves continue to slide, fall to $360.2 bn

In the previous week, the reserves had fallen by USD 121.3 million to USD 360.905 billion.

India's forex reserves down $121.3 mn to $360.90 bn

India's forex reserves down $121.3 mn to $360.90 bn

Total reserves had dipped by USD 968 million to USD 361.02 billion in the previous reporting week ended May 13.

Rupee at fresh 2-month low, tumbles 39 paise to 67.36

Rupee at fresh 2-month low, tumbles 39 paise to 67.36

Extending losses for the sixth straight session, the rupee Thursday plummeted by 39 paise to hit an over 2-month low of 67.36 per dollar on persistent demand for the American currency from banks and importers amid higher greenback overseas, coupled with sharp fall in equities.

Rupee breaches 67-mark against US dollar, ends 10 paise lower at 66.97

Rupee breaches 67-mark against US dollar, ends 10 paise lower at 66.97

The rupee continued its free fall against the US dollar for the fifth straight session Wednesday and touched the 67-level after a gap of two months, but closed 10 paise lower at 66.97 on sustained demand for the greenback from banks and importers amid fall in domestic equities.

Rupee hits 2-week closing low of 66.58 against US dollar

Rupee hits 2-week closing low of 66.58 against US dollar

The rupee surrendered its morning gains and ended lower by 4 paise at the close, hitting 2-week low of 66.58 on fag-end dollar demand from banks and importers amid higher greenback in the global markets, despite a sharp recovery in domestic equities.

Forex reserves at record high of $361.601 bn

In the previous week, the reserves had risen by USD 333.7 million to USD 360.250 billion.

Rupee drops 14 paise to 66.62 against US dollar

Extending its fall for the third session, the rupee Monday dropped by another 14 paise to close at 66.62 against the US dollar on persistent demand for the American currency from banks and importers amidst lower domestic equities.

Forex reserves at record high of $360.25 bn

Forex reserves at record high of $360.25 bn

In the previous week, the reserves had increased by USD 157.4 million to USD 359.917 billion.

Forex reserves surge to record high of $359.759 bn

Forex reserves surge to record high of $359.759 bn

India's foreign exchange reserves surged by a whopping USD 4.2 billion to touch a record high of USD 359.759 billion in the week ended April 1, mainly on account of rise in foreign currency assets, the Reserve Bank said today.

Rupee hits 7-week high of 67.54 Vs US dollar, up 31 paise

Rupee hits 7-week high of 67.54 Vs US dollar, up 31 paise

Continuing its upward march for the fourth consecutive day, the rupee Wednesday surged by another 31 paise to end at a nearly seven-week high of 67.54 on persistent selling of dollars by banks and exporters in view of fresh foreign capital inflows.

Rupee snaps 2-day gains, ends down 31 paise at 68.38 Vs USD

The domestic currency moved in a range of 68.13 and 68.43 per dollar during the day.