Foreign Exchange | The Asian Age

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India’s foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market, the finance minister said on Wednesday, a day after the rupee currency sank to an all-time low.

Govt says forex reserves comfortable to withstand rupee fall

Rupee hit the record low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes.

15 Aug 2018 2:01 PM

The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted. (Photo: PTI)

Rupee crashes to all-time low of 70.09 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

14 Aug 2018 11:04 AM

The rupee recovered from all-time low of 69.91 and strengthened by 23 paise to 69.68 against the US dollar in opening trade at the interbank foreign exchange market on Tuesday on some macroeconomic boost.

Rupee recovers from life-time low, up 23 paise against US dollar

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency.

14 Aug 2018 9:57 AM

RBI net sells USD 6.184 billion of US currency in June

Reserve Bank continued to remain net seller of the US currency for the third consecutive month in June.

12 Aug 2018 5:18 PM

InterGlobe Aviation, which runs largest domestic carrier IndiGo, on Monday reported a steep 96.6 per cent fall in net profit to Rs 27.8 crore in June quarter, owing to adverse impact of foreign exchange and high fuel prices.

IndiGo Q1 net tanks 96.6 per cent to Rs 27.8 crore on high fuel cost

The Gurugram-based budget carrier had posted a net profit of Rs 811.10 crore in the same quarter last year.

30 Jul 2018 5:59 PM

Ethanol-mixed petrol saved foreign exchange, lowered emission: Pradhan

Almost 67 crore litres of ethanol was blended with petrol in 2016-17.

25 Jul 2018 5:42 PM

The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors. (Representational Image | PTI)

Rupee closes at life-time low of 69.05 against dollar

This is the biggest single-day fall since May 29 and goes hand in hand with a stronger US dollar.

19 Jul 2018 9:04 PM

The rupee strengthened 21 paise to trade at 68.36 against the US dollar in morning session at the interbank forex market on Tuesday.

Rupee rises 21 paise to 68.36 against US dollar

Fresh selling of the American unit by exporters and banks and fall in global crude oil prices boosted the domestic currency.

17 Jul 2018 10:32 AM

The Indian rupee is expected to remain in the 68-72 range against the US dollar in the short term on rising external risks but the Reserve Bank may intervene to control the volatility, says an UBS report.

Rupee to remain in 68-72 range against USD in short term, says UBS

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week.

03 Jul 2018 4:00 PM

The rupee collapsed to a lifetime low of 69.10 against the US dollar by plunging 49 paise in early trade on Thursday as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics.

Rupee sinks to record low against US dollar, breaches 69-mark

Global oil prices have climbed after the US asked its allies to end all imports of Iranian oil by November.

28 Jun 2018 11:08 AM

After remaining net buyer of the US dollars for past many months, the Reserve Bank of India (RBI) became net seller in April, after it sold USD 2.483 billion of the US currency in the spot market, according to its data.

Reserve Bank of India turns net seller of US dollar in April

In FY18, the apex had net purchased USD 33.689 billion from the spot market.

11 Jun 2018 7:40 PM

Reserve Bank of India on Thursday fixed the reference rate of the rupee at 67.4526 against the US dollar and 78.7914 for the euro.

RBI sets rupee reference rate at 67.4526 against dollar

The exchange rates for the pound and the yen against the rupee were 89.7929 and 62.04 per 100 yens, respectively.

31 May 2018 2:05 PM

The rupee weakened further to trade 31 paise lower at 67.74 against the greenback in late morning deals following sustained bouts of month-end dollar demand from importers and banks.

Rupee weakens further, down 31 paise against dollar

The domestic unit resumed lower at 67.62 as against yesterday's closing level of 67.43 per dollar at the inter-bank foreign exchange here.

29 May 2018 11:47 AM

Forex reserves fall USD 2.49 billion to USD 423.58 billion

After touching a life-time high, the country's foreign exchange reserves fell by a whopping USD 2.499 billion.

27 Apr 2018 6:12 PM

Forex reserves at life-time high of USD 426.082 billion

The country's foreign exchange reserves expanded by USD 1.217 billion to touch a life-time high.

20 Apr 2018 6:27 PM

Rupee dives 29 paise to close at 6-month low against USD

The rupee on Monday plunged by 29 paise or 0.44 per cent to close at a six-month low of 65.49 against the US currency.

16 Apr 2018 7:15 PM

The country's foreign exchange reserves rose by USD 503.6 million to touch a life-time high of USD 424.864 billion in the week to April 6.

India's forex reserves at record high of USD 424.867 billion

In the previous week, the reserves had surged by USD 1.828 billion to USD 424.366 billion.

13 Apr 2018 5:37 PM

China forex reserves rise slightly as US dollar weakness continues

China’s foreign exchange reserves rose slightly in March.

08 Apr 2018 12:39 PM

The country's foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

India's forex reserves rise to life-time high of USD 424.361 billion

In the previous week, the reserves had increased by USD 1.197 billion to USD 422.532 billion.

06 Apr 2018 7:22 PM

Rupee hovered between 65.11 and 65.06 per dollar during morning deals. (Photo: File)

Rupee pares initial losses, still down 2 paise at 65.06 vs USD

Rupee had resumed lower at 65.08 per dollar as against last closing level of 65.04 at Interbank Forex Market.

23 Oct 2017 11:49 AM

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Shobhaa De