Tag: Dollar

China's yuan rises to 6.8854 against US dollar

China’s yuan rises to 6.8854 against US dollar

Beijing,  The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 54 basis points to 6.8854 against the US dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, yuan is allowed to rise or fall by 2 percent from the[Read More…]

Rupee hits new low, slips to 72.96

Rupee hits fresh all time low; closes at 72.98

The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday. At 5 p.m., the rupee closed at 72.98 per greenback from its previous close of 72.51 per dollar. It had opened at 72.60[Read More…]

Rupee cracks below 72-mark, hits new closing low of 72.45

The rupee Monday crashed below the 72-mark to end at a life-low of 72.45 against the US dollar on growing fears of contagion from an emerging-market rout and escalation of a global trade war. Heavy speculative dollar demand along with panic among importers sent the domestic currencytumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering[Read More…]

Sensex down 150 points, rupee at 73

Despite falling rupee, India in exceptional period of stability: Finance Ministry official

As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through “an exceptional period of stability”. The official said if one takes the long-term view, the rupee is not depreciating[Read More…]

NSE tests E-voting solution for listed companies

Sensex, Nifty hit record high; rupee strengthens

India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high. The 30-share BSE Sensex rose as much as[Read More…]

Rupee continues its free fall, record low of 70.32 a dollar

Rupee strengthens to 67.42 against dollar

Indian rupee advances 5 paise to 67.42 against the dollar in early trade on Thursday as there was no let-up in the selling of the American currency by exporters and banks. The dollar, in turn, became weak globally, causing a hike in the Rupee value. But this was offset by fresh[Read More…]

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