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RBI for independent body for forex benchmark rate

RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

China defends exchange rate after US Treasury warning

China defends exchange rate after US Treasury warning

Last Updated: Wednesday, April 16, 2014, 22:10

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.

Rupee at 3-week closing low of 60.37 against dollar

Rupee at 3-week closing low of 60.37 against dollar

Last Updated: Wednesday, April 16, 2014, 18:18

The rupee Wednesday lost 14 paise to register its three-week closing low of 60.37 against the dollar amid capital outflows and continuing demand for the US currency from oil refiners.

Rupee down 5 paise at  60.28 against dollar

Rupee down 5 paise at 60.28 against dollar

Last Updated: Wednesday, April 16, 2014, 10:21

The rupee lost five paise to 60.28 against the US dollar in early trade Wednesday at the Interbank Foreign Exchange market due to appreciation of the American currency against other Asian currencies overseas.

Rupee dips to two-week low of 60.23 against dollar

Rupee dips to two-week low of 60.23 against dollar

Last Updated: Tuesday, April 15, 2014, 20:33

The Indian rupee on Tuesday lost six paise to register its two-week closing low of 60.23 against the dollar on sustained dollar demand from importers.

Rupee falls 14 paise to 60.31 against US dollar in early trade

Rupee falls 14 paise to 60.31 against US dollar in early trade

Last Updated: Tuesday, April 15, 2014, 10:05

The rupee weakened by 14 paise to 60.31 against the US dollar in early trade at the Interbank Foreign Exchange market on Tuesday on disappointing IIP numbers.

Rupee falls for 2nd consecutive week; ends at 60.17 Vs dollar

Last Updated: Saturday, April 12, 2014, 18:20

Rupee moved in a range of 59.78-60.35 per dollar during the week.

Rupee loses 10 paise against dollar

Last Updated: Friday, April 11, 2014, 19:17

The rupee Friday lost 10 paise to end the day at 60.17 against the dollar in line with fall in local stocks, amid fresh dollar demand from importers.

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

Last Updated: Friday, April 11, 2014, 11:19

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 down 27 paise at 60.34 Vs dollar

Last Updated: Friday, April 11, 2014, 10:22

The rupee fell by 27 paise to 60.34 against the US dollar in early trade Friday at the Interbank Foreign Exchange market.

Rupee gains 7 paise against dollar

Last Updated: Thursday, April 10, 2014, 18:53

The rupee Thursday gained 7 paise to settle the day at 60.07 against the dollar which quoted lower in overseas markets on hints that the Fed Reserve may keep interest rates low.

Deutsche Bank manager suspended in forex probe: Report

Last Updated: Thursday, April 10, 2014, 18:21

Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported Thursday.