Mumbai: Broadly negative Asian markets and profit booking pushed the key equity indices in the red during the afternoon session of the trade on Monday. Except for IT, selling pressure was witnessed in almost all the counters led by the oil and gas stocks. Consumer durables, banking and finance stocks[Read More…]
Tag: Rupee
Fund exodus, equities sell-off plunge rupee; touches new low of 74.48/$
Mumbai: Exodus of foreign funds, along with an expected rise in the US interest rates and global equities sell-off plunged the Indian rupee to a fresh record low of 74.48 to a US dollar on Thursday. However, heavy intervention by the Reserve Bank of India (RBI) and lower crude oil[Read More…]
Rupee slips to new low, touches 74.46/$
Mumbai: The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning session on Thursday. –IANS
Indian rupee has slipped into coma: Yashwant Sinha
Ahmedabad: Former Finance Minister and former BJP leader Yashwant Sinha said here on Tuesday that the economic turmoil in the country had sent the Indian rupee into a coma. Speaking on the Rashtra Manch platform, formed early this year, Sinha said: “Narendra Modi, when he was the Gujarat Chief Minister,[Read More…]
Rupee touches new all time low at 73.77/$
Mumbai: The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning. It stood at 73.77 (73.7688) to a dollar — the lowest ever mark — it has touched against the greenback. It opened the day’s trade at the Inter-Bank Foreign Exchange Market[Read More…]
Oil prices dent rupee; falls below 73/$
Mumbai: High crude oil prices and fears over a hike in key domestic lending rates pulled the Indian rupee to a new record low of over 73 per US dollar on Wednesday. The Indian rupee opened at a record low of 73.25 per US dollar surpassing the previous low of[Read More…]
RBI can sell USD 25 bn more to arrest rupee fall: SBI report
The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per cent, the[Read More…]
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…]
Rupee falls 16 paise against US dollar, hits new all-time low of 71.37
The Indian rupee hit a new all-time low of 71.37 per dollar on Tuesday tracking a similar trend among its global peers and amid concerns of trade war escalation. It opened at 71.24 per dollar surpassing the previous low of 71.21 per dollar, at which it had closed on Monday.[Read More…]
Rupee hits 71 mark first time ever, slides 26 paise against Dollar
As the Rupee fall continues, Indian currency opens at a fresh low on Friday morning. The rupee slides 71 mark to the US dollar for the first time ever. Falling 26 paise down to a new record low of 71.0013 against the USD during Friday morning trade, rupee grows fear[Read More…]
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 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…]
Mamata Banerjee, Arvind Kejriwal set 3-day deadline on notes ban
Arvind Kejriwal and Mamata Banerjee made a scathing attack on the government on Thursday warning that there will be intense protests and unrest if it does not withdraw its ban on ₹500 and ₹1000 rupee notes. They also visited the Reserve Bank of India to check on the progress of[Read More…]
No respite from long queues at banks, ATMs as cash crunch continues
Serpentine queues were visible since Tuesday morning outisde ATMs to withdraw valid currency notes from vending machines and exchange demonetised bills. While banks remained closed on Monday on account of Guru Nanak Jayanti in many parts of the country, cash-starved customers again were disappointed on Tuesday with most of the[Read More…]
Teary-eyed PM Modi says wait till Dec 30, punish me if problems later
Prime Minister Narendra Modi on Sunday said that his government will carry on with the fight against black money, targetting those who held benami properties in the country. He was speaking about the demonetisation of high-denomination bank notes at a function organised by the Goa government. He added that he[Read More…]