Rupee slumps to two-year low, crashes to 66.49 against US dollar

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.

Gold industry analysts expect price boost from currency war fears

Last Updated: Saturday, August 22, 2015, 23:45

Gold prices could rise above USD 1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.

Online filing of forex transfer of shares starts from Aug 24

Last Updated: Friday, August 21, 2015, 21:34

The Reserve Bank on Friday said online filing of foreign currency transfer of shares will be operational from Monday next week to facilitate reporting of transactions under foreign direct investment.

Currency devaluation raises question on China's strength: Rajan

Last Updated: Thursday, August 20, 2015, 12:46

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

Rupee sinks to 2-year low at 65.40 against US dollar

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.

Dollar up on rate hike hopes, baht falls after Bangkok blast

Last Updated: Tuesday, August 18, 2015, 11:32

The dollar broadly rose on Tuesday as strong housing data bolstered hopes for a US interest rate hike, while the Thai baht slumped to a fresh six-year low after a deadly Bangkok bombing.

Chinese yuan strengthens

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.

Rupee back at over two-year lows, falls 21 paise to Rs 65.21

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.

Exporters worried as outbound shipments continue to slide

Last Updated: Friday, August 14, 2015, 23:59

With India's outbound shipments contracting for the eighth month in a row, exporters on Friday expressed concern over the continuous slide, saying government needs to immediately step in and chalk out a strategy to give them a competitive edge.

China's long march to currency reform takes a step forward

Last Updated: Friday, August 14, 2015, 23:51

China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.

Yuan devaluation to have temporary impact on rupee: CEA

Last Updated: Friday, August 14, 2015, 21:34

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.

Rupee plunges to new 2-year low, weakens past 65 Vs USD on yuan woes

Last Updated: Thursday, August 13, 2015, 19:03

The rupee has dropped by 136 paise or 2.13 percent in the last seven trading sessions as the Chinese central bank's continued effort to guide the yuan lower.