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Rupee hits all-time low of 84.50 against the US dollar amid market volatility

Rupee hits all-time low of 84.50 against the US dollar amid market volatility

Thu, Nov 21, 2024

At the interbank forex market, the rupee opened at 84.41 and slipped to an intra-day low of 84.51 before settling at 84.50.

Goldman Sachs sees rupee weakening to 85.5-86 vs US dollar in 3-6 months: Report

Goldman Sachs sees rupee weakening to 85.5-86 vs US dollar in 3-6 months: Report

Thu, Nov 21, 2024

The rupeeslumped to an all-time low against the American currency on Thursday.

Rupee slides to all-time low at 84.42 against dollar

Rupee slides to all-time low at 84.42 against dollar

Tue, Nov 19, 2024

Indian rupee hit a record low of 84.42 against the U.S. dollar on Tuesday, driven by increased demand from foreign banks and importers, particularly domestic oil corporations.

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China central bank adviser calls for flexible 2017 growth target

China central bank adviser calls for flexible 2017 growth target

Sun, Jan 01, 2017

The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.

South Korea December exports rise on semiconductors, machinery amid nascent recovery

South Korea December exports rise on semiconductors, machinery amid nascent recovery

Sun, Jan 01, 2017

South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.

Rupee weakens by 15 paise against dollar in early trade

Rupee weakens by 15 paise against dollar in early trade

Wed, Dec 28, 2016

Rupee weakened by another 15 paise to 68.21 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers amid sustained foreign fund outflows.

Rupee down 10 paise at 67.84 vs US dollar in early trade

Rupee down 10 paise at 67.84 vs US dollar in early trade

Tue, Dec 27, 2016

The rupee weakened by 10 paise to 67.84 against the US dollar in early trade today at the Interbank Foreign Exchange on month-end dollar demand from importers amid capital outflows.

Rupee inches up 9 paise in early trade

Rupee inches up 9 paise in early trade

Fri, Dec 23, 2016

Forex dealers said that besides selling of the American unit by exporters, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market restricted the gains.

Rupee gains 7 paise against dollar in early trade

Rupee gains 7 paise against dollar in early trade

Thu, Dec 22, 2016

Meanwhile, the benchmark BSE Sensex climbed 70.93 points, or 0.27 per cent, to 26,170.45 in morning trade.

Dollar pulls away from 14-year peak as investors take profits

Dollar pulls away from 14-year peak as investors take profits

Mon, Dec 19, 2016

The dollar edged lower in Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more US interest hikes in the coming year.

Rupee strengthens by 16 paise against dollar in early trade

Rupee strengthens by 16 paise against dollar in early trade

Tue, Dec 06, 2016

The rupee strengthened by 16 paise to 68.05 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid higher opening in the domestic equity market.

Asia stocks edge up on US growth data cues; dollar steady

Asia stocks edge up on US growth data cues; dollar steady

Wed, Nov 30, 2016

Asian stocks edged higher on Wednesday reflecting upbeat US growth news while oil steadied after a sharp drop overnight as Organisation of Petroleum Exporting Countries (OPEC) struggled to agree on a glut-draining production cut.

Rupee edges higher by 5 paise against dollar in early trade

Rupee edges higher by 5 paise against dollar in early trade

Tue, Nov 29, 2016

The rupee edged higher by 5 paise to 68.71 against the US dollar at the forex market in early trade on Tuesday on fresh selling of the American currency by exporters and banks.

Dollar steadies with bonds, oil anxious about OPEC

Dollar steadies with bonds, oil anxious about OPEC

Tue, Nov 29, 2016

The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.

Dollar, US bond yields drop as oil tumbles on output cut doubts

Dollar, US bond yields drop as oil tumbles on output cut doubts

Mon, Nov 28, 2016

The dollar and US bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the US elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.

Rupee near record low, at 68.79 to a dollar

Rupee near record low, at 68.79 to a dollar

Thu, Nov 24, 2016

During opening trade, INR fell 0.3% and was trading at 66.7950 to a dollar. Bloomberg data show that this is the lowest point in three years for the rupee.

Dollar strengthened post Trump's win; Rupee saw median change

Dollar strengthened post Trump's win; Rupee saw median change

Tue, Nov 22, 2016

Today, the rupee opened nearly 5 paise up at 68.11 and closed at 68.22 against dollar.

Asian shares on the defensive as U.S. yields, dollar rise

Asian shares on the defensive as U.S. yields, dollar rise

Mon, Nov 21, 2016

"Next week, we have events that would make investors more sober, such as OPEC meeting and Italian referendum. By then this Trump-inspired market may come to an end for now," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

Rupee seen weathering dollar surge better than most in emerging FX

Rupee seen weathering dollar surge better than most in emerging FX

Thu, Nov 17, 2016

The RBI intervenes frequently on both sides of the market to keep the rupee free of excessive volatility as a matter of policy.

Dollar edges away from 13-year peak, Asian stocks slip

Dollar edges away from 13-year peak, Asian stocks slip

Thu, Nov 17, 2016

The currency has been on a tear since Donald Trump was elected president last week, stoking expectations of big fiscal spending and sending U.S. Treasury debt yields soaring on the prospect of higher interest rates.

Gold slips as dollar climbs to 14-year high

Gold slips as dollar climbs to 14-year high

Thu, Nov 17, 2016

Major banks and investors have begun to debate the possibility of another move towards parity between the dollar and the euro, as the U.S. currency benefited from expectations of an inflationary push from the incoming Trump administration.

Rupee cracks 67-mark, tanks 52 paise against dollar

Rupee cracks 67-mark, tanks 52 paise against dollar

Fri, Nov 11, 2016

The dollar climbed to four-month high against some currencies overseas.

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