Last Updated: Thursday, August 20, 2015, 16:05
The rupee fell to as low as 65.50 to the dollar on Thursday, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world`s second-largest economy.
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, 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.
Last Updated: Tuesday, August 18, 2015, 08:33
The dollar-denominated MSCI broadest index of Asia-Pacific shares outside Japan was flat near its two-year low marked on Monday.
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, 18:21
Snapping its 7-day losing streak, the rupee on Friday closed 10 paise higher at 65 against the US dollar on fresh selling of greenback by banks and exporters on hopes of resumption of foreign capital inflows into equity markets.
Last Updated: Friday, August 14, 2015, 10:40
The rupee had plummeted 32 paise to close at 65.10 against the dollar in yesterday's trade as China further devalued the yuan.
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.
Last Updated: Thursday, August 13, 2015, 15:54
India seems to be less vulnerable to China's currency depreciation through direct channels, but the rupee may still weaken, says a Citigroup report.
Last Updated: Thursday, August 13, 2015, 12:26
The rupee fell past 65 against the American currency and was quoting lower by 22 paise at 65 per dollar Thursday on fresh dollar demand from banks and importers.
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