Rupee gains 12 paise at 65.29 against dollar

Rupee gains 12 paise at 65.29 against dollar

The dollar also weakened against other major global currencies as the International Monetary Fund trimmed its global economic growth forecast and the US trade deficit widened, dealers said.

Switzerland ends euro minimum exchange rate, cuts interest rate

In a shock announcement Thursday, Switzerland`s central bank said it was ending a three-year bid to artificially hold down the value of the Swiss franc against the euro, in a move that immediately sent the safe haven currency soaring.

Rupee recovers 7 paise at 63.23 vs US dollar

The rupee recovered by 5 paise to 63.25 against the US dollar in early trade on Monday on fresh selling of the American currency by banks and exporters.

Competitive exchange rate will boost manufacturing sector

Modern infrastructure, easy regulatory framework and competitive exchange rate will play a key role in giving a boost to the country's manufacturing sector, a senior government official said.

Rupee gains 38 paise, closes at 59.69 Vs dollar

Continued capital inflows also helped the rupee rise for the second day in a row.

Rupee at 11-month high, recovers by 12 paise at 58.40

Besides, increased dollar selling by exporters, a higher opening in the domestic equity market and strengthening of euro against the American currency overseas also supported the rupee.

Rupee retreats from 11-month high on RBI intervention

The rupee strengthened to an 11-month high on Monday, gaining for a fourth consecutive session as strong foreign inflows led domestic equities to record closing highs after the election of a new government to be led by Narendra Modi.

Index tracking India improves marginally

An index compiled by a global research association that measures economic activity in India increased marginally in March on the back of sharp gains in stock prices and a more competitive exchange rate.

China defends exchange rate after US Treasury warning

China Wednesday defended the valuation of its currency and pushed back against a US Treasury report expressing concerns over the yuan's sharp slide since January.

No FX reserves large enough to ward off external shocks: Rajan

Reserve Bank Governor Raghuram Rajan has said though the country has enough foreign exchange reserves, no nation can fully insulate itself from external vulnerabilities.

Rupee fared better than others; exchange rate has stabilised: FM

The government Monday said the Indian currency has fared better than those of other emerging economies and the exchange rate has stabilised.

Not particularly optimistic on Bitcoin future: Google official

A concept that came into existence in 2009, bitcoin has become very popular of late with its exchange rate surging past USD 1,000 per unit in November from a little more than USD 200.

Push for exports, cash in on exchange rates: FM to traders

Exports grew by 13.5 percent in October, the fastest pace in two years.

Exchange rate reflecting true value of rupee: Chidambaram

Volatility and speculation have been largely contained in the currency market and it is reflecting the true value of the rupee, Finance Minister P Chidambaram said on Thursday.

Pak`s Indian High Commission expenses amongst highest in world

The government of Pakistan spent a whopping Rs 9.8 billion on its foreign missions last year, with the Indian mission in New Delhi being amongst the highest in world.

G7 affirms commitment to market-driven exchange rates

Defusing worries of a fresh round of global currency war, the Group of Seven top industrialised countries on Tuesday asserted markets will continue to determine exchange rate of currencies.

Exchange rate is always on RBI radar: Subbarao

Subbarao said the rupee had depreciated 14 percent since early August due to inflationary pressures.

Nepal rules out changing exchange rate with India

Nepal`s central bank said the country first needs political stability.

China should allow more flexibility in its exchange rate: US

Asserting that the Chinese
currency is undervalued and has been used to promote a more
export-oriented economy, a top Obama administration official
has said that China needs to allow more flexibility in its
exchange rate.