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Forex reserves down $360.9 million to $362.78 billion

Forex reserves down $360.9 million to $362.78 billion

India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.

Dollar slips vs. euro as Fed officials talk rate hike

The dollar fell against the euro Monday as Federal Reserve officials` comments raised questions about the timing of the central bank`s plan to raise its key interest rate this year.

Wall Street joins global stocks rally; dollar ahead

The dollar climbed smartly as the euro sank to a nine-month low against the greenback. U.S. Treasuries yields rose.

Rupee sees biggest fall in nearly three weeks

The rupee saw its biggest single-day fall in nearly three weeks on Monday as investors turned cautious ahead of the upcoming budget this week while lack of dollar inflows due to the U.S. Independence Day holiday also hurt.

World stocks at record high, gold holds gains as dollar dips

An index of global stocks was near record highs on Friday while gold celebrated its biggest one-day rise in nine months.

Dollar steady in Asia after solid jobs data

The dollar and euro edged up against the yen in Asia on Monday as confidence was boosted upbeat US jobs data that suggested a recovery in the world`s number one economy is well on track.

Tokyo stocks open up 1.03%

Tokyo stocks opened 1.03 percent higher Tuesday on a weaker yen and continued advances on Wall Street, extending gains after jumping more than two percent on Monday.

Dollar holds steady in Asia

The dollar held steady against the yen in Asia on Wednesday after enjoying a pick-up in New York thanks to an upbeat batch of US data and a record close for the S&P 500 stock index.

Expect rupee to test 57 per dollar in three months: JP Morgan

J.P.Morgan expects USD/INR to test 57 per dollar in the next three months as Narendra Modi`s sweeping electoral victory "is a more transformational outcome for India macro than most could have imagined"

Chidambaram keeps fingers crossed on rupee appreciation

With the battered rupee showing signs of strengthening, Finance Minister P Chidambaram Saturday said he is keeping his fingers crossed.

Tour operators demand tax incentives

The Indian Association of Tour Operators (IATO) asked governments to exempt the industry from service tax and provide tax incentives for five years.

'Continued rise in dollar to bring Asia to a 90's like situation'

"If the rise in the US dollar were to continue for longer, this will bring Asia to a situation that would be similar to the 1990s," Morgan Stanley said.

Dollar extends Fed rally in Asian trading

The dollar on Monday extended a rally stoked by signs the US Federal Reserve would start winding up its massive stimulus drive later this year as investors flocked back to the greenback.

Re likely to remain range-bound this week

After appreciating over 110 paise on Friday due to stimulus measure announced by US government coupled with diesel price hike, the rupee is likely to trade between 54.30-54.80 to the dollar this week, say experts.

Rupee gains 10 paise to end at 55.34 vs USD on capital inflows

Shrugging off initial weakness, the rupee Tuesday appreciated by 10 paise to close at 55.34 on the back of robust capital inflows and a weak dollar overseas.

Rupee likely to trade in 55.30/ 56.30 range this week

With the fundamentals of the rupee remaining weak, the Indian currency is likely to trade in the range of 55.30 to 56.30 per dollar in the coming week, according to experts.

Rupee plummets below 55 level

At the Interbank Foreign Exchange (Forex) market, the domestic unit opened slightly lower at 54.45 a dollar from last weekend's close of 54.42 and immediately touched a high of 54.44.

US dollar's detractors may be missing its comeback

The dollar has been climbing since it struck record lows against the euro in July 2008.

RBI Reference rate for US dollar and euro

RBI on Tuesday fixed the Reference rate for the US currency at Rs 45.62 per dollar and the single European unit at Rs 65.67 per euro from Rs 45.66 per dollar and Rs 65.64 per euro respectively, as on January 18.