Last Updated: Monday, August 24, 2015, 11:36
The domestic currency resumed sharply lower at 66.47 per dollar as against last weekend's level of 65.83 at the Interbank Foreign Exchange (Forex) market.
Last Updated: Monday, August 24, 2015, 09:51
A strong dollar demand from importers and banks, and heavy losses in domestic equity markets weighed on the local currency, forex dealers said.
Last Updated: Friday, August 21, 2015, 20:50
After declining for two straight weeks, the foreign exchange reserves rose by a healthy USD 1.086 billion to touch USD 354.433 billion for the week to August 14, led by an increase in foreign currency assets.
Last Updated: Friday, August 21, 2015, 15:43
Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.
Last Updated: Wednesday, August 19, 2015, 10:06
Forex dealers said apart from sustained demand for the US currency from importers and dollar's gain against other currencies overseas, lower opening in domestic equity markets put pressure on the rupee.
Last Updated: Tuesday, August 18, 2015, 08:24
In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
Last Updated: Monday, August 17, 2015, 09:39
The domestic currency on Thursday had plummeted by 32 paise to 65.10 against the dollar, hitting its weakest level last seen in September 2013, as China further devalued yuan.
Last Updated: Monday, August 17, 2015, 08:25
The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.
Last Updated: Friday, August 14, 2015, 18:04
The country's foreign exchange reserves declined by USD 113.5 million to USD 353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.
Last Updated: Saturday, August 1, 2015, 15:23
After four consecutive weeks of decline, India`s foreign exchange reserves grew by USD 322 million in the week ended July 24.
Last Updated: Friday, July 31, 2015, 09:56
Besides, month-end demand for the American currency from importers weighed on the rupee but a higher opening in the domestic equity market capped the losses, forex dealers said.
Last Updated: Thursday, July 30, 2015, 10:01
Besides, month-end demand for the US currency from importers also weighed on the rupee. Early gains in the stock markets, however, capped the rupee fall, dealers said.
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