Foreign Exchange | The Asian Age

Wednesday, Apr 24, 2024 | Last Update : 09:41 AM IST

foreign exchange Page-2

The rupee fell sharply by 29 paise to 72.49 against the dollar on Monday as the greenback strengthened overseas. (Photo: AP)

Rupee drops 29 paise to 72.49 against US dollar

Losses in domestic equities in volatile early trade also put pressure on the rupee.

24 Sep 2018 10:55 AM

The rupee on Friday surged by another 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.

Rupee on recovery path, gains 34 paise to end at 1 week high against dollar

Extending gains for a second session, the domestic unit hit a session high of 71.53 in early trade.

14 Sep 2018 7:51 PM

Forex reserves plunge below USD 400 billion mark

The country's forex reserves declined by USD 819.5 million to USD 399.282 billion for the week to September 7.

14 Sep 2018 7:42 PM

US dollar ends sharply lower at 72.19 against Rupee

The US dollar ended sharply lower against the rupee at 72.18/19 per dollar.

12 Sep 2018 7:28 PM

Continuing its slide, the rupee on Tuesday hit yet another record low of 72.73 against the US dollar, falling 28 paise in late afternoon trade on strengthening American currency as crude oil prices went past the USD 78 a barrel mark. (Photo: AP)

Rupee hits fresh low of 72.73, drops 28 paise against US dollar

The rupee opened on a positive note by inching 20 paise higher at 72.25 against the US dollar.

11 Sep 2018 3:47 PM

The rupee weakened further to hit a fresh low of 72.48 against the US currency, falling 75 paise in late morning deals on Monday on rising crude oil prices, strengthening dollar and a widened current account deficit. (Photo: AP)

Rupee weakens further, hits fresh low to 72.64 against USD

The domestic unit witnessed intense volatility and traded between 72.07 and hit all-time low of 72.48.

10 Sep 2018 11:55 AM

The Reserve Bank of India (RBI) is likely to conduct an open market operation (OMO) purchase this week to infuse liquidity into the banking system, which is further going to tighten on account of advance tax payments, say bankers.

RBI may conduct OMO this week to ease liquidity, say bankers

Nearly Rs 50,000-60,000 crore of additional liquidity will go out of the system due to advance tax payments.

09 Sep 2018 1:25 PM

The Reserve Bank of India (RBI) intervened heavily in the foreign exchange market on Friday, mounting a formidable defence of the 72 rupee to the dollar mark in a reversal of its light-handed approach in the last few weeks, dealers said.

RBI defends 72 rupee per dollar mark strongly: dealers

After briefly slipping to 72.04 to the dollar in early trade, the Indian rupee stayed above the 72 mark for most of the day.

07 Sep 2018 1:56 PM

The Indian rupee on Thursday crashed below the 72-level for the first time ever on persistent global headwinds and concerns on macroeconomic front. (Photo: AP)

Rupee crashes below 72-mark for the first time ever against US dollar

Investors remained concerned over sustained foreign capital outflows.

06 Sep 2018 1:27 PM

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

Rupee pares gains, slips 7 paise to reach 71.82 against US dollar

Rupee continued to be ruled by speculation, pressured by crisis in emerging market currencies.

06 Sep 2018 12:00 PM

The Indian rupee's unabated fall continued for the sixth straight session Wednesday, hitting yet another closing low of 71.75, down 17 paise against the US currency as surging oil prices and weak trend in emerging market currencies weighed on sentiments.

Rupee falls for 6th day in a row, hits closing low of 71.75 on macro worries

The domestic unit plummeted to a historic low of 71.97 a dollar.

05 Sep 2018 7:47 PM

The rupee crumbled by a staggering 37 paise to end at a fresh lifetime low of 71.58 against the resurgent dollar on Tuesday as persistent trade worries and macro concerns continue to proliferate.

Rupee tanks 37 paise to land up at fresh lifetime low of 71.58 against dollar

The rupee stretched its record fall for the fifth-straight session.

04 Sep 2018 7:06 PM

Investment by Indian companies in their overseas ventures fell by more than 36 per cent to USD 1.39 billion in July this year, the Reserve Bank data showed.

Indian cos foreign investment decline 36 pc to USD 1.39 bn in July

In June 2018, domestic firms invested in USD 2.07 billion in their ventures located out of India.

04 Sep 2018 5:19 PM

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: AP)

Rupee plunges to yet another record low of 71.10 against US dollar

The rupee's previous record low was 71, marked on August 31.

03 Sep 2018 5:08 PM

The rupee on Thursday slid further by 15 paise to close at a fresh lifetime low of 70.74 to the dollar due to month-end demand for the US currency from importers and rising crude oil prices.

Rupee slides further to end at fresh lifetime low of 70.74 to dollar

The British pound held firm after making its biggest gains in seven months the previous day.

30 Aug 2018 6:00 PM

Substantial debt on the balance sheet is likely to have an adverse impact on Tata Steel's ability to raise finance at competitive rates, the steel major said in its report.

Substantial debt may impact company's ability to raise finance: Tata Steel

It will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd.

28 Aug 2018 1:29 PM

The rupee firmed up by 10 paise to 70.06 against the US dollar in early trade at the Interbank Forex market on Tuesday on selling of the American currency by exporters and banks amid fresh foreign funds inflow.

Rupee rises 10 paise against US dollar

The dollar's weakness against other currencies overseas gave the rupee strength.

28 Aug 2018 10:48 AM

The rupee is likely to average at 69 per US dollar this financial year, largely driven by stronger domestic macro fundamentals and foreign fund flows, says a report.

Rupee to average at 69 per USD this fiscal: report

According to a Bank of Baroda research report, India's twin deficit and inflation are at a "far more comfortable position" than in 2013.

27 Aug 2018 12:46 PM

Indian travellers are very calculative and factor in currency fluctuations and keep a significant buffer while budgeting their travel.

Indian travellers unfazed by Rupee fall

The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians.

16 Aug 2018 6:12 PM

Country's largest carmaker Maruti Suzuki India (MSI) on Thursday hiked prices of its vehicles by up to Rs 6,100 in order to partially offset increase in commodity and distribution costs and adverse foreign exchange rates. (Photo: PTI)

Maruti Suzuki hikes prices by up to Rs 6,100

The new prices are effective from today.

16 Aug 2018 3:51 PM

2 of 4

Columns

Sanjeev Ahluwalia