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Rupee falls sixth day in a row 25 May 2013
All the week long the value of rupee was depreciating, sometimes with sharp falls while at others it managed to restrict the steeper ones but still descending. The rupee today ended 4 paise lower at fresh six-month low of 55.63...
Keywords: interbank, forex trade, usd, forex trade
Read More Rupee and Sensex gain in late morning trade 15 May 2013
On Wednesday in the late morning trade, Rupee had significant growth rising by 12 paisa to end at 54.69 against the green currency, USD. Analysts attributed the rise to the large sale of the US currency overseas by exporters and...
Keywords: forex market, business news, sensex, foreign funds
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Rupee elevates by 25 paise! 06 March 2013
On Wednesday, the rupee rose by 27 paise to 54.67 against the dollar at the Interbank Foreign Exchange market on selling of the U.S. currency by exporters and banks. According to Forex dealers a higher opening in the domestic equity...
Keywords: Rupee-dollar trade, exporters, rupee, forex market
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Rupee declines 17 paise! 26 March 2013
On Tuesday, the rupee weakened by 17 paise to 54.34 against the US dollar on the Interbank Foreign Exchange market in early trade, due to month-end demand for the American currency from importers. According to the Traders, apart from month-end...
Keywords: NSE, opening trade, Bombay Stock Exchange, US dollar
Read More Rupee rises against dollar by 10 paise 30 May 2013
After a bad week of poor performance in the Interbank Foreign Exchange Market, the Indian currency managed to get things straight slightly improving over the US Dollar as it finished at 56.07 today in the early morning trade. USD was...
Keywords: current account deficit, current account deficit, foreign exchange, rupee gains
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ED slaps notice to BCCI 16 February 2015
The Enforcement Directorate [ED] has slapped Board of Control for Cricket in India [BCCI], Indian Premier League [IPL] with show cause notice for allegedly violating Forex laws. ED has served notice accusing BCCI of manipulating the contract of distribution rights...
Keywords: Indian Premier League, Indian Premier League, Foreign Exchange Management Act, Indian Premier League
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Rupee declines 34 paise against dollar! 18 March 2013
On Monday, the rupee lost 34 paise to Rs. 54.35 in early trade at the Interbank Foreign Exchange, due to increased dollar demand from importers and appreciation of the U.S. currency overseas. According to the Forex dealers, a weak opening...
Keywords: Forex markets, Indian rupee, U.S. Dollar, BSE
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Nifty, Sensex and Rupee gain marginally 02 May 2013
The rupee has been gaining over the dollar since three days and today the rate closed in at Rs 53.67 against the green currency, USD, after it rose 13 paise. Yesterday, the Indian currency gained over 45 paise to go...
Keywords: dollar rate, Bse, Sensex, Sensex
Read More Rupee elevates 26 paise against the dollar in early trade... 19 March 2013
On Tuesday, the rupee gained 26 paise to 53.91 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters ahead of the Reserve Bank policy review. According to the Forex...
Keywords: rupee-dollar trade, Forex, Cyprus, Indian rupee
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Sensex elevates over 48 points in early trade... 01 March 2013
On Friday, the BSE benchmark Sensex elevated by over 48 points in early trade after Thursday’s steep fall, on the back of selective buying by funds in stocks of consumer durables, capital goods and metal. Moreover, the 30-share barometer rose...
Keywords: National Stock Exchange index, Nifty, opening trade, National Stock Exchange index
Read More Finance Minister brainstorms on Indian economy 19 August 2013
Indian Finance Minister P Chidambaram has taken up an assessment of the current economic situation in the country in a meeting with heads of various departments. The purpose of the 3 hour long meeting was to brainstorm on ways to...
Keywords: Financial services, Finance Minister Chidambaram, Revenue, Finance Minister Chidambaram
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Rupee declines 30 paise against dollar! 01 March 2013
On Friday, the rupee lost 30 paise to Rs. 54.66 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American currency against the other currencies overseas. Moreover, increased demand for the dollar...
Keywords: rupee, forex market, rupee-dollar trade, rupee-dollar trade
Read More Rupee trims down losses to minimum 27 May 2013
Rupee managed to cut down on the losses initially to a great extent but the prices are still trading lower against the USA greens today early on in the trade as the recovery was being bolstered by bearish trades overseas...
Keywords: rupee vs usd, usd, interbank, forex
Read More Rupee declines 19 paise! 26 February 2013
On Tuesday, the rupee declined by 19 paise to Rs. 54.05 in early trade at the Interbank Foreign Exchange, due to dollar demand from importers. According to Forex dealers, a lower opening at the domestic equity market also put pressure...
Keywords: BSE, domestic equity market, BSE, forex market
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Rupee elevates 19 paise! 27 February 2013
Today the rupee elevated by 19 paise to Rs. 53.90 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of the US currency by exporters. Moreover, forex dealers said that a higher opening in...
Keywords: dollar rates, early trade, domestic equity market, forex
Read More Rupee value appreciates against USD 09 April 2013
Rupee is having one of its merry times despite a slow growth after it rose for the third day consecutively. On Tuesday, the early trade has recorded another slight peak in rupee value taking it up 13 paise to Rs...
Keywords: Interbank Foreign Exchange, Interbank Foreign Exchange, forex, rupee
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Rupee declines 16 paise against dollar! 04 March 2013
On Monday, the rupee declined by 16 paise to trade at nearly two-month low of 55.05 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from oil importers. According...
Keywords: opening trade, opening trade, US dollar, forex market
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Rupee gains 14 paise! 13 March 2013
On Wednesday, the rupee gained 14 paise to 54.04 against the dollar in early trade at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks. According to forex dealers, strengthening of euro against the...
Keywords: rupee, early trade, forex, dollar
Read More Rupee dives into deeper trouble 08 July 2013
In what can be dubbed as another "downfall" for the rupee, it's value plummeted by a massive 97 paise, breaching the 61-mark to hit 61.19, as heavy demand for the American dollar continued to surge up overseas. The rising demand...
Keywords: overseas market, crude oil, dollar, Forex
Read More Rupee falls to six month low 23 May 2013
The rupee experienced a sharp fall of 37 paise to trade at a fresh six-month low of 55.83 in early trade at the Interbank Foreign Exchange market on sustained dollar demand and strengthening of the US currency overseas. The sharp...
Keywords: interbank foreign exchange, foreign exchange, sensex, usd
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