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The ED registered a case against the accused under the Foreign Exchange Management Act (FEMA) and is likely to arrest the accused soon.

Weakness in rupee to continue further, may fall to Rs 70 per dollar

The rupee hit a fresh two-week low of 68.93 against the USD in early session.

7 Aug 2018 11:53 AM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Analysis: RBI chooses between falling rupee and banking cash crunch

Economists suspect it may choose currency stability, regardless of how tight funding conditions get.

3 Aug 2018 2:10 PM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

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 IST

PM Modi joined special ceremony through video conference at Dunsinane Estate, Nuwara Eliya to hand over houses built under Indian Housing Project in Plantation Areas. (Photo: ANI | Twitter)

If rupee fall continues, it can hurt Narendra Modi

Prime Minister Narendra Modi's job could become a lot harder just before big state and national elections.

16 Aug 2018 4:24 PM IST

There are other major import items like crude oil, gold and precious stones which cannot be produced indigenously or are used for re-exports. (Representational Image)

Oil prices, 2019 elections, local fund flow top drivers for market:...

The impact of INR depreciation is mixed 5 per cent depreciation would push up inflation by 10-15 bps.

16 Aug 2018 4:02 PM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Falling rupee not a cause of worry, says Niti Aayog VC

Rupee should be realistically valued and should not be overvalued, he said.

16 Aug 2018 3:10 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India's oil import bill to jump by USD 26 billion on rupee woes

If the rupee is to stay around 70 per dollar for the rest of the ongoing fiscal, the oil import bill will be USD 114...

16 Aug 2018 2:36 PM IST

Mamata Banerjee said those who have been staying in the country for years were branded as infiltrators and accused the BJP of carrying out the exercise with an eye on Lok Sabha elections. (Photo: ANI | Twitter)

Depreciating rupee will kill small businesses, says CM Mamata Banerjee

Banerjee said the informal sector and small businesses will be worst hit by depreciating rupee and lead to increase in...

16 Aug 2018 1:51 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee hits new all-time low of 70.32, plunges 43 paise against USD

On Tuesday, rupee breached psychological 70-mark and plunged to a fresh all time low of 70.10 in the intra-day trading.

16 Aug 2018 9:49 AM IST

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

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 IST

Positive start for domestic stock markets lent support to rupee. (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 IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says...

14 Aug 2018 10:09 AM IST