Demonetization,- so much has been debated about this issue already that even the most devoted followers of Modi are slowly getting tired for spreading half cooked truths about this bold but evil measure. If you are a blind follower of Modi, you would have already decided to stop reading this after the first statement and […]
Indian rupee on Wednesday lost 6 paise to 68.64 against the dollar in early trade at the inter-bank foreign exchange market due to appreciation of the US currency overseas. At 9.12am, the home currency was trading at 68.60, down 0.01% from its previous close of 68.59. The local currency opened at 68.63 a dollar and […]
The rupee on Friday hit over two-year low amid continued selling by foreign institutional investors in domestic stock and debt markets. The rupee slipped nearly 0.5 per cent or 34 paise at its day low to 66.90 per dollar, a level last seen in September 2013, when India was in the midst of a current […]
The Indian Rupee weakened to 63.16 per dollar on Tuesday, April 21, 2015 – a three and a half month low – as concerns over retrospective taxation loomed among foreign investors. Weak Asian peers and broad dollar strength added to the pressure on the rupee. The Reserve Bank of India fixed the reference rate for […]
The rupee is trading lower at 63.4175/4250 vs Monday’s close of 63.24/25. Month-end dollar demand from oil companies hurts the Indian unit. Dollar rises on expectations of a rate hike by U.S. Fed sometime next year. Month-end dollar demand from oil companies fueled gains. The pair is seen in 63.25 to 63.45 range during the […]
By- Staff Reporter Indian rupee today fell by 23 paise to 59.89 against the US currency in the late morning trade on month-end dollar demand from importers, coupled with firm global cues. The rupee resumed lower at 59.74 per dollar as against the last closing level of 59.66 per dollar at the Interbank Foreign Exchange […]