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Central banks launch forex market code of conduct

Central banks launch forex market code of conduct

Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world`s major financial institutions.

Rupee pares early gains, down 5 paise vs USD

The rupee pared its early gains to trade down by 5 paise at 64.94 against the dollar on emergence of demand for the US currency from importers and banks despite higher local equities.

Markets to remain closed today on account of  Ambedkar Jayanti and Good Friday

Markets to remain closed today on account of Ambedkar Jayanti and Good Friday

BSE, NSE, Forex, Money Market, Bullion and other major commodity markets will remain close on Friday, on account of "Dr Baba Saheb Ambedkar Jayanti" and "Good Friday"

Forex reserves move up $2 billion to $369.95 billion

Forex reserves move up $2 billion to $369.95 billion

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

Indian Rupee hits 3-month peak of 66.85 against US dollar

Indian Rupee hits 3-month peak of 66.85 against US dollar

Building on yesterday's massive gains, the rupee on Thursday soared by 34 paise to end at a fresh 3-month high of 66.85 against the US dollar on frantic selling of the American currency by exporters and banks.

India Rupee zooms to nearly 3-month high of 67.22 against US dollar

India Rupee zooms to nearly 3-month high of 67.22 against US dollar

The rupee continued to outshine against the beleaguered US dollar and ended at a nearly 3-month high of 67.22, appreciating by 9 paise on sustained unwinding of American currency by exporters and corporates ahead of the RBI policy.

Forex reserves up $932.4 million to $360.77 billion

Country's foreign exchange reserves surged for the second consecutive week by USD 932.4 million to USD 360.775 billion in the week to January 20 on account of rise in foreign currency assets, the Reserve Bank said today.

Rupee nears 1-month high, soars 27 paise to 67.36 against US dollar

Stretching its resurgent trend for the third straight day, the rupee on Thursday ended at a near one- month high of 67.36, rising 27 paise against the US currency due to continuous dollar selling from exporters and banks.

 Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report

Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report

The rupee is expected to see further depreciation in the coming months and may breach the 70-level by December and touch 72.50 by the end of 2017, says a Deutsche Bank research report.

Rupee struggles at 9-month low on forex outflow fears

Rupee struggles at 9-month low on forex outflow fears

The rupee remained under immense pressure and continued to slide against the US dollar with the domestic currency ending lower by 9 paise at 68.25 - its lowest level in nine-months on heightened capital outflows.

Rupee crashes below 68 level against dollar; ends at 9-month low

Rupee crashes below 68 level against dollar; ends at 9-month low

The rupee Friday crashed below the psychological 68-mark to end at near nine-month low as sentiment turned bearish on combination of growing US rate hike expectations and stunning dollar run.

Indian rupee jumps to 1-month high against US dollar at 66.62

Indian rupee jumps to 1-month high against US dollar at 66.62

The rupee on Tuesday recovered 12 paise to close at one-month high of 66.62 per US dollar following heavy dollar unwinding by banks and exporters amid capital inflows.

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

RBI issues guidelines for forex hedging by foreign companies

RBI issues guidelines for forex hedging by foreign companies

Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.

Foreign exchange reserves dip by $1.5 bn to $366.13 bn

In the previous week, the reserves had decreased by USD 4.343 billion to USD 367.646 billion.

Rupee rebounds against dollar, up 15 paise at 66.73

In a smart rebounds, the Indian rupee on Tuesday gained a good 15 paise against the dollar to end at 66.73 on fresh bout of the US currency selling by exporters and banks amid weak overseas sentiment.

India's foreign exchange reserves over $371 billion

India's foreign exchange reserves over $371 billion

According to data released by the RBI on Friday, the reserves stood at around $371.99 billion as on September 30, as against $370.76 billion as on September 23.

China's forex reserves fall to 5-year low in September

China's forex reserves fall to 5-year low in September

China`s mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows. 

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.