close
This ad will auto close in 10 seconds
Rupee pares early losses to rule stable at 66.66 vs USD

Rupee pares early losses to rule stable at 66.66 vs USD

The rupee pared its early losses to rule steady at its overnight levels of 66.66 against the American currency in late morning deals bouts of dollar selling from banks and exporters.

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.

Is it the right time to devalue Indian rupee?

Is it the right time to devalue Indian rupee?

Till September 14, Finance and Commerce Ministry corridors were abuzz with possible rupee-devaluation topic. However, as the next day arrived, all these speculations went to the backburner.

Rupee to see a consolidative trend in next 12 months: DBS

Rupee to see a consolidative trend in next 12 months: DBS

The rupee which is currently hovering around 67 per dollar level is expected to shift from a depreciation path to a consolidative trend over the next 12 months, says a DBS report.

No plans to devalue rupee, market to determine value: Finance Ministry

No plans to devalue rupee, market to determine value: Finance Ministry

As the rupee saw a sudden plunge this morning on reports of currency devaluation, Finance Ministry officials on Thursday said there were no plans to devalue the domestic unit and its value will continue to be determined by the market.

Didn't tell reporter I want devaluation: Nirmala Sitharaman

The government sent mixed messages on Thursday whether it wanted a weaker rupee, with Commerce Minister Nirmala Sitharaman saying she had not told a reporter the government was discussing a devaluation but stopping short of an outright denial.

Rupee falls on report of ministry's call for weaker currency; finance ministry denies

Rupee falls on report of ministry's call for weaker currency; finance ministry denies

The Indian rupee fell below 67 to the dollar on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports.

India expected to post first current account surplus in nine years

India expected to post first current account surplus in nine years

India is likely to post its first current account surplus in nine years in the latest quarter, which should bolster the rupee though it is not a good sign for the economy as it reflects weak investment demand at home and subdued exports

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.

Rupee recovers 7 paise to 67.11 vs USD

Rupee recovers 7 paise to 67.11 vs USD

The rupee recovered 7 paise to 67.11 against the US dollar in early trade Tuesday on selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

 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).

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.

Current position of rupee is pretty reasonable: Raghuram Rajan

Current position of rupee is pretty reasonable: Raghuram Rajan

RBI Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".

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.

HDFC masala bonds issue to pave way for others: Nomura

Private sector mortgage lender HDFC raising Rs 3,000 crore via masala bonds is expected to open the gates for other corporate peers to access this alternate source of funds, says Japanese financial services major Nomura.

Indian markets closed today for Eid-ul-Fitr

Indian markets closed today for Eid-ul-Fitr

All major markets including BSE, National Stock Exchange, forex, money, bullion, oilseeds and other commodity markets except sugar will remain closed Wednesday on account of "Eid-Ul-Fitr" (Ramzan Eid).

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.

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.

Brexit fallout: 7th Pay Commission payout likely to be delayed

Brexit fallout: 7th Pay Commission payout likely to be delayed

Amid all the implications of Brexit on India, something that may stand out is a strong possibility that the much-waited payout of 7th Pay Commission Commission likely get delayed for coming 2-3 months.