Rupee at fresh 2-year low: Five reasons behind the crash in Indian currency

Last Updated: Friday, August 21, 2015, 11:13

The rupee fell by another 27 paise to trade at fresh two-year low of 65.81 against the dollar on Friday.

Rupee fresh two-year low of 65.81 against dollar

Last Updated: Friday, August 21, 2015, 10:58

The rupee fell by another 27 paise to trade at fresh two-year low of 65.81 against the dollar today on sustained capital outflows by foreign funds even as the US currency weakened overseas.

Sensex tumbles 324 points, rupee at 2-year low of 65.54 Vs US Dollar

Last Updated: Thursday, August 20, 2015, 23:28

Markets joined the global rout as foreign funds sold heavily, spooked by worries over China's weak economy and currency amid sliding oil prices, dragging the benchmark BSE Sensex down by 324 points, while the rupee plunged to fresh two-year low of 65.54 against the dollar.

Rupee crashes to new 2-year low Rs.65.44 against US dollar

Last Updated: Wednesday, August 19, 2015, 21:20

The Indian rupee on Wednesday touched a new two-year low of Rs.65.44 to a dollar during intra-day trade on the foreign exchange markets.

US gives Shell final nod to drill for oil in Arctic

Last Updated: Tuesday, August 18, 2015, 17:08

The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight.

US oil prices near six-year lows as China weighs

Last Updated: Tuesday, August 18, 2015, 17:04

US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.

United Bank cuts interest rates by upto 0.50% on select maturities

Last Updated: Monday, August 17, 2015, 19:22

State-owned United Bank of India Monday announced a cut in deposit rates for various maturities by 0.25-0.50 percent.

Rupee tumbles to over 2-year low at 65.31 against US Dollar

Last Updated: Monday, August 17, 2015, 18:41

The rupee plummeted by 31 paise to end at over two-year low of 65.31 against the US dollar Monday on the back of consistent demand for greenback from importers and state-run banks.

China devalues yuan further, sparks fears of currency war

Last Updated: Wednesday, August 12, 2015, 17:57

Tuesday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.

China cuts yuan rate against US dollar for second day

Last Updated: Wednesday, August 12, 2015, 09:22

China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.

Rupee tumbles to 2-month low of 64.19 Vs US dollar

Last Updated: Tuesday, August 11, 2015, 18:33

The dollar soared during the Asian session following the shocking action by the Chinese central bank even as Greek reached a deal on a third bail-out package with its creditors.

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

Last Updated: Sunday, August 9, 2015, 13:52

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.