Rupee below 62 against dollar for long will be a worry: Official

Last Updated: Tuesday, December 16, 2014, 17:02

On a day the rupee breached 63 mark against the dollar, Commerce Secretary Rajiv Kher said the government would get uncomfortable if the Indian currency stays for long below 62.

Indian rupee to face higher volatility in 2014: HSBC

Last Updated: Wednesday, January 8, 2014, 15:42

This year is likely to be "no easier" than 2013 for most Asian currencies including the Indian rupee and they will be exposed to periods of higher volatility, an HSBC report said Wednesday.

Rupee closes 2013 as Asia's third weakest currency, down 11%

Last Updated: Tuesday, December 31, 2013, 18:23

The rupee ended with gains on Tuesday, but posted a 11 percent fall in 2013, ending a tough year marked by a descent to a record low and suffering from continued concerns about its outlook next year.

Rupee on course to be one of Asia laggards in 2013

Last Updated: Monday, December 30, 2013, 22:54

Although the rupee is well above its all-time trough of 68.85 hit on August 28, the currency is still down 11.2 percent in 2013, making it Asia`s worst performer after the Indonesian rupiah and the Japanese yen.

Oil import needs return to haunt weakening rupee

Last Updated: Wednesday, November 13, 2013, 15:39

Barely a month after the rupee hit a two-month high and showed signs of stabilising after its brutal fall this year, the currency is at risk from a re-emergence of heavy demand for dollars from oil importing firms.

HSBC raises rupee forecast on flows, current account

Last Updated: Friday, October 11, 2013, 12:12

HSBC cuts its USD/INR forecast for the end of the year to 62 from 65 previously, citing improvements in the current account deficit and measures to attract inflows.

Rupee value should be 59-60 to a dollar: Chidambaram

Last Updated: Friday, September 27, 2013, 18:14

"We think that based on the REER (real effective exchange rate) value, that (59-60) is the right level of the rupee and it should not overshoot its mark.

Rupee gains for first time in four days, ends 31 paise higher

Last Updated: Wednesday, September 25, 2013, 21:35

The rupee advanced for the first time in four sessions on Wednesday, ending 31 paise higher at 62.44 against the dollar as exporters and some banks sold the US currency, which weakened in the overseas market.

Rupee up 142 paise at 61.96 Vs dollar

Last Updated: Thursday, September 19, 2013, 09:48

Rupee showed a sharp gain of 142 paise or 2.24 percent from its last close.

Rupee washes out initial losses, up 19 paise at 63.18 Vs dollar

Last Updated: Wednesday, September 18, 2013, 09:42

The rupee washed out earlier losses Wednesday and was quoted higher by 19 paise to 63.18 per dollar on fresh selling of the US currency by banks and exporters on the back of its weakness overseas.

Rupee gains 43 paise at 62.95 Vs dollar in early trade

Last Updated: Thursday, September 12, 2013, 09:56

The domestic currency has spurted by 425 paise or 6.28 percent in last five straight sessions.

Task force on promoting local currency trade to meet Wednesday

Last Updated: Tuesday, September 10, 2013, 19:21

Officials from economic ministries, Reserve Bank, SBI and industry bodies will deliberate on mechanisms for international trade in local currencies at their first panel meeting Wednesday.