exchange rate

Sri Lanka needs to maintain competitive exchange rate: Central Bank

Sri Lanka needs to maintain competitive exchange rate: Central Bank

Sri Lanka needs to maintain a competitive exchange rate that would promote exports and not allow an over-valuation of the rupee that may reduce export competitiveness, the country's Central Bank has said.

Dec 24, 2016, 12:11 PM IST

Govt reduces limit of note exchange to Rs 2,000 from Rs 4,500

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Nov 17, 2016, 22:11 PM IST
Honda to increase car prices by up to Rs 6,000 from April

Honda to increase car prices by up to Rs 6,000 from April

Honda Car India is planning to increase prices of its vehicles by up to Rs 6,000 from April to offset the impact of adverse exchange rate that has resulted in higher input costs.


Mar 23, 2016, 17:53 PM IST
Exchange rate not impacting exports: Rajan

Exchange rate not impacting exports: Rajan

Brushing aside the contention that exchange rate is impacting exports, RBI Governor Raghuram Rajan today said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regulations, which is in the domain of the government

Mar 13, 2016, 00:40 AM IST
RBI chief Rajan says not in favour of devaluing exchange rate

RBI chief Rajan says not in favour of devaluing exchange rate

Rajan reiterated the central bank would strive to curb excessive volatility.

Feb 15, 2016, 15:22 PM IST
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.

Oct 07, 2015, 09:56 AM IST

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.

Jan 15, 2015, 17:47 PM IST

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.

Dec 22, 2014, 09:53 AM IST

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.

Nov 14, 2014, 18:17 PM IST

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.

Jul 02, 2014, 17:18 PM IST

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.

May 26, 2014, 09:50 AM IST

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.

May 19, 2014, 18:10 PM IST

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.

Apr 17, 2014, 22:57 PM IST

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.

Apr 16, 2014, 22:10 PM IST

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.

Apr 11, 2014, 11:19 AM IST

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.

Feb 17, 2014, 13:00 PM IST

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.

Dec 16, 2013, 16:10 PM IST

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.

Nov 23, 2013, 17:30 PM IST

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.

Nov 21, 2013, 17:20 PM IST

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.

Feb 26, 2013, 15:01 PM IST