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Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Forex reserves decline by USD 2.05 bn to USD 417.99 bn

In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion.

24 May 2019 7:39 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee surges 49 paise against US dollar on PM Modi's landslide win

However, concerns over ongoing US-China trade tariff tussle continued to hurt forex market sentiment.

24 May 2019 7:30 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee pares gains, settles 36 paise down at 70.02

At interbank foreign exchange, rupee opened at 69.45 a dollar and gained to touch a high of 69.37.

23 May 2019 8:00 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha...

Forex traders said, besides polls outcome, easing crude prices and higher opening in domestic equities supported rupee.

23 May 2019 9:48 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee gains 5 paise against US dollar in early trade

Strong FIIs inflows and higher domestic equity markets also improved sentiments for the rupee, forex dealers said.

22 May 2019 9:52 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee edges up 2 paise against US dollar as investors turn cautious

A strengthening US dollar, weak domestic equity markets, and surging crude prices weighed on trading, forex dealers...

21 May 2019 6:21 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee records biggest gain in 2 months after exit poll results

Forex traders said investors welcomed exit poll results that predicted a thumping majority for the current BJP-led...

20 May 2019 7:43 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee snaps 3-day winning streak; settles 20 paise lower at 70.23

Forex traders said the decline in rupee was in tandem with weakness in other major Asian currencies vis-a-vis US dollar.

17 May 2019 6:18 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises for 3rd day; vaults 31 paise to 70.03 vs USD

This is the third straight session of gain for the domestic currency.

16 May 2019 6:45 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises for 2nd straight day; settles up 10 paise at 70.34 vs USD

Forex traders said the rupee strengthened after the RBI announced a plan to conduct the open market operation.

15 May 2019 6:02 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee recovers 7 paise along with stocks, ends at 70.44 vs USD

Stock markets cut short their nine-day losing streak with the benchmark BSE Sensex closing 0.61 per cent higher.

14 May 2019 7:07 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee crashes to over 2-month low on foreign fund outflows

An unabated sell-off in domestic equity markets also weighed on the domestic currency, forex dealers said.

13 May 2019 6:51 PM IST