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Currency markets

Rupee falls 10 paise vs dollar; slides for 3rd straight day

The domestic unit opened lower at 64.15 from its previous close of 64.06 at the Interbank Foreign Exchange (Forex) market and hovered in a range of 63.9925 and 64.1750 before finishing at 64.16 per dollar, a loss of 10 paise or 0.16 percent.

Jun 15, 2015, 18:27 PM IST

Asian shares and euro slip as Greece fails to reach debt deal

The euro slipped about 0.6 percent on the day to $1.1197, and was down 0.5 percent against the yen at 138.27."With no deal in sight, expectations for default and exit are likely to rise sharply in the days ahead," said Elsa Lignos senior currency strategist at RBC.

Jun 15, 2015, 13:19 PM IST

Merkel says strong euro hurts fruits of reforms

In the global economy, "a very strong" euro would make it difficult for countries such as Spain and Portugal, which adopted significant reforms during the economic crisis, to "harvest the fruits of those reforms, in exports, for example," Merkel told a congress for family-run businesses in Berlin.

Jun 12, 2015, 17:17 PM IST

Asia shares, euro stifled by Greek drama

The euro had less luck as talks on Greece showed no sign of reaching a deal. The single currency was off at $1.1254, from a high of $1.1387 set on Wednesday.

Jun 12, 2015, 12:49 PM IST

European stocks extend gains, dollar lifted by Fed feelings

Europe`s main bourses picked after a slow start with the region`s benchmark FTSEurofirst 300 last up 0.5 percent, as hopes returned that Greece was close to sealing a deal with its creditors. Athens` stock market surged more than 6 percent.

Jun 11, 2015, 15:08 PM IST

Asian stocks higher after Wall Street rally

The three main indexes in New York enjoyed one of their best days for weeks, snapping a four-day sell-off, thanks to a surge in banks and technology stocks as well as optimism over the Greek debt crisis.

Jun 11, 2015, 13:16 PM IST

Dollar steady after Obama denies surging unit comment

In Tokyo afternoon trade, the US unit fetched 124.45 yen, against 124.47 yen in New York and 125.52 yen in Tokyo earlier Monday.

Jun 09, 2015, 12:43 PM IST

Dollar rises ahead of May US jobs report

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

Jun 05, 2015, 10:45 AM IST

Asia stocks mostly down, euro sinks as Greece delays payment

Tokyo fell 0.44 percent by lunch, Hong Kong lost 0.20 percent and Seoul gave back 0.38 percent, but Sydney was flat and Shanghai rose 1.54 percent.

Jun 05, 2015, 10:25 AM IST

Rupee firms up 5 paise against dollar

The rupee had snapped its 3-day losing streak against the US dollar by ending 21 paise higher at 63.80 in yesterday's trade.

May 29, 2015, 10:52 AM IST

Star managers battered by rocky ride in yields, currencies

Top money managers and investment strategists have been warning the U.S. Federal Reserve was preparing markets for an interest-rate hiking cycle and that other central banks were embarking on loose policies that would trigger volatility.

May 28, 2015, 11:34 AM IST

Rupee plunges to 64-level vs US dollar

The rupee reacted downwards against the pound sterling to 98.58 from 98.36 previously and dropped against the euro to 69.87 from 69.77.

May 26, 2015, 18:47 PM IST

China`s yuan currency `no longer undervalued`: IMF

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

May 26, 2015, 17:17 PM IST

Rupee weakens 11 paise to 63.68 against dollar

The rupee had declined 5 paise to close at 63.57 in yesterday's trade on fresh dollar demand from banks and importers amid a sharp fall in equities.

May 26, 2015, 10:19 AM IST

Yen edges up after Bank of Japan holds fire on stimulus

In Tokyo trade, the dollar bought 120.83 yen, down from 120.91 yen just before the announcement and 121.07 yen in New York late Thursday.

May 22, 2015, 10:26 AM IST

Five big US, UK banks face criminal charges and $5 billion bill over FX rigging

Five of the world`s biggest banks are expected to be hit with a combined bill of more than $5 billion and criminal charges on Wednesday in a settlement with U.S. and British authorities over rigging of currency markets.

May 20, 2015, 04:59 AM IST

Rupee bounces back by 5 paise vs dollar to 63.67

It moved in a range of 63.54 and 63.81 per dollar during the day.

May 19, 2015, 18:09 PM IST

Rupee appreciates 6 paise vs Dollar, recovers from early losses

A recovery in local stocks after early fall helped the rupee to rebound to quote at 63.66 at 1045 hrs, showing a rise of six paise or 0.09%.

May 19, 2015, 11:59 AM IST

Euro steady on positive economic data

With most major Asian markets closed for holidays, trading was thin in Tokyo where the euro bought $1.1206 and 134.10 yen compared with $1.1224 and 134.00 yen in New York.

May 01, 2015, 12:12 PM IST

RBS sets aside further $1.3 billion for misconduct charges

The improved performance was clouded by a number of one-off charges, resulting in RBS posting an attributable loss of 446 million, compared with a 1.2 billion pound profit a year ago.

Apr 30, 2015, 13:14 PM IST