INR=X - USD/INR

CCY - CCY Delayed Price. Currency in INR
71.74
-0.25 (-0.35%)
As of 7:45PM BST. Market open.
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Previous close71.99
Open72.35
Bid71.74
Day's range71.74 - 72.35
52-week range63.2100 - 72.9900
Ask71.77
  • Reuters5 hours ago

    India may look to lock in oil futures to stem rupee slide: source

    NEW DELHI/MUMBAI (Reuters) - India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in November. The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. The rupee, Asia's worst performing currency this year, has depreciated about 12 percent year-to-date against the U.S. dollar, closing at 72.39 on Wednesday, after a record low of 72.99 on Tuesday.

  • India to Pay for Iranian Oil in Rupees Post US Sanctions: Report
    News187 hours ago

    India to Pay for Iranian Oil in Rupees Post US Sanctions: Report

    During the previous sanctions regime, India adopted a barter-like scheme to buy oil from Iran while the Middle Eastern country used rupees to import goods from India.

  • Govt set to pay for Iranian oil using rupees from November, selects UCO Bank and IDBI Bank for facilitating payment
    Firstpost8 hours ago

    Govt set to pay for Iranian oil using rupees from November, selects UCO Bank and IDBI Bank for facilitating payment

    Indian refiners are currently using State Bank of India and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros

  • Reuters8 hours ago

    India sets dollar exchange rate at 73.65 rupees for import tax calculation

    India has set the dollar exchange rate at 73.65 rupees for import tax calculations effective Sept. 21, compared with 72.55 rupees a fortnight ago, according to a finance ministry statement on Thursday. ...

  • Reuters9 hours ago

    India set to pay for Iranian oil using rupees from November: sources

    India will settle payments for Iranian oil using rupees through local banks starting in November as U.S. sanctions will make it difficult to settle trades through European banks, two industry sources said on Thursday. In May, U.S. President Donald Trump withdrew from a 2015 nuclear accord with Iran and ordered the renewal of U.S. sanctions. Some sanctions took effect from Aug. 6 while those affecting the oil and banking sectors will start from Nov. 4.

  • CNBC12 hours ago

    JP Morgan: The rupee has plunged, but India's economy still has an upside

    The Indian rupee weakened to record lows this year, but it is boosting export competitiveness for the country, said Kalpana Morparia, CEO of J.P. Morgan's South and South East Asia business. Corporate profits have also jumped this year and is set to continue increasing next year, he said at the India Investor Summit.

  • CPCL Recruitment 2018 For Various Posts: Earn Up To INR 180000!
    CareerIndia13 hours ago

    CPCL Recruitment 2018 For Various Posts: Earn Up To INR 180000!

    Chennai Petroleum Corporation Limited (CPCL) has released an employment notification calling out aspirants to apply for various posts. Those interested can check out the eligibility, salary scale, how to apply and the complete details of the government job here. Selected candidates

  • Govt to consider dollar window for oil firms, bonds to ease rupee pressure: Source
    Firstpost16 hours ago

    Govt to consider dollar window for oil firms, bonds to ease rupee pressure: Source

    During a 2013 currency crisis, a separate window for oil companies in which the central bank sold dollars to importers on a forward swap basis without leading to a drain down on foreign exchange reserves helped push up the rupee.

  • IANSyesterday

    RBI relaxes ECB norms to prop up rupee

    Mumbai, Sep 19 (IANS) The Reserve Bank of India (RBI) on Thursday liberalised some aspects of the external commercial borrowings (ECBs) policy including those related to rupee-denominated bonds to help check rupee depreciation. "It has been decided to allow eligible ECB borrowers who are into manufacturing sector to raise ECB up to $50 million or its equivalent with minimum average maturity period of 1 year," the RBI said in a notification. Till date, ECB up to $50 million or its equivalent could be raised by eligible borrowers with minimum average maturity period of three years.

  • Reutersyesterday

    India considers dollar window for oil firms, bonds to ease rupee pressure: source

    India is considering asking the central bank to offer dollars directly to oil marketing companies or through a state-run bank, a government source said on Thursday, as part of steps to stem a fall in the rupee. As an "extreme" measure, the government could also look at raising dollars by tapping expatriates to invest in bonds for non-resident Indians, said the source who has direct knowledge of the deliberations over the currency's fall. The rupee is Asia's worst performing currency this year.

  • Govt Mulls To Increase Import Duty On Steel Products To Support Rupee
    GoodReturnsyesterday

    Govt Mulls To Increase Import Duty On Steel Products To Support Rupee

    In the wake of rupee's continuous devaluation, government in the past week has worked out some 5 measures to support the rupee and rein in the underlying CAD. And in this direction, steel ministry of India as per sources is considering

  • India Considers Raising Import Duty on Steel to Support Rupee: Report
    News18yesterday

    India Considers Raising Import Duty on Steel to Support Rupee: Report

    The Indian government last week announced a slew of steps aimed at stemming a steep decline in the rupee.

  • Govt considers raising import duty on some steel products to 15% from current 5-12.5% to support rupee
    Firstpost2 days ago

    Govt considers raising import duty on some steel products to 15% from current 5-12.5% to support rupee

    In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.1 million tonnes, up 15 percent from a year earlier, according to official data.

  • GHMC Recruitment 2018 For Analysts: Earn Up To INR 4.8 Lakhs
    CareerIndia2 days ago

    GHMC Recruitment 2018 For Analysts: Earn Up To INR 4.8 Lakhs

    Greater Hyderabad Municipal Corporation (GHMC) has released an employment notification calling out aspirants to apply for the posts of Analyst. Those interested can check out the eligibility, salary scale, how to apply and the complete details of the government job here.

  • Rupee struggles: RBI will have to raise interest rates at least two more times to shore up currency, say investors
    Firstpost2 days ago

    Rupee struggles: RBI will have to raise interest rates at least two more times to shore up currency, say investors

    The rupee has been punished for the country’s widening trade gap and swept into the broader emerging market turmoil caused by rising US interest rates and an escalating US-China trade conflict. It is Asia’s worst performing currency this year.

  • Rupee Recovers 28 Paise Against US Dollar in Early Trade
    News182 days ago

    Rupee Recovers 28 Paise Against US Dollar in Early Trade

    A higher opening in the equity market also supported the recovery in the rupee.

  • IANS2 days ago

    RBI can sell USD 25 bn more to arrest rupee fall: SBI report

    Mumbai, Sep 18 (IANS) The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee's depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per cent, the RBI sold dollars worth $43 billion, though the forex reserves at that time stood at $312 billion. The report cited that even during 1990s, when the total forex reserve was less than $40 billion, the RBI had intervened in the market by selling 8-9 per cent of total reserve to rein in a fall in rupee.

  • IANS India Private Limited2 days ago

    RBI can sell USD 25 bn more to arrest rupee fall: SBI report

    Mumbai, Sep 18 (IANS) The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee's depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per cent, the RBI sold dollars worth $43 billion, though the forex reserves at that time stood at $312 billion. The report cited that even during 1990s, when the total forex reserve was less than $40 billion, the RBI had intervened in the market by selling 8-9 per cent of total reserve to rein in a fall in rupee.

  • IANS India Private Limited2 days ago

    Trade tensions, rupee depress equity indices; banking stocks down

    Mumbai, Sep 18 (IANS) Latest global trade protectionist measures, along with high crude oil prices and a depreciation in rupee's value, dragged the Indian equity market in the red for a second consecutive session on Tuesday.

  • IANS2 days ago

    Trade tensions, rupee depress equity indices; banking stocks down

    Mumbai, Sep 18 (IANS) Latest global trade protectionist measures, along with high crude oil prices and a depreciation in rupee's value, dragged the Indian equity market in the red for a second consecutive ...

  • Reuters2 days ago

    India's NALCO plans to invest 55.2 billion rupees in Odisha

    India's National Aluminium Co. Ltd. plans to invest 55.2 billion rupees ($756.4 million) in the eastern state of Odisha to expand capacity, a government statement said on Tuesday. The company plans to manufacture aluminium products and a proposal has been sent to a panel headed by the state's chief minister for approval, the statement added.

  • Rupee slides 47 paise to close at record low of 72.98 against US dollar on trade war concerns
    Firstpost2 days ago

    Rupee slides 47 paise to close at record low of 72.98 against US dollar on trade war concerns

    The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday

  • IANS2 days ago

    Global trade tensions dent rupee; closes at 72.98

    Mumbai, Sep 18 (IANS) The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday. At 5 p.m., the rupee closed ...

  • IANS India Private Limited2 days ago

    Global trade tensions dent rupee; closes at 72.98

    Mumbai, Sep 18 (IANS) The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday. It had opened at 72.60 per US dollar at the Inter-Bank Foreign Exchange Market and remained range bound. According to analysts, concerns over a rise in inflation rate, growing protectionism in global trade and an outflow of foreign funds from the country's equity market have had an adverse impact on the Indian currency.

  • Rupee closes at new all-time low as crude prices rise
    Reuters2 days ago

    Rupee closes at new all-time low as crude prices rise

    The rupee had fallen more than 12 percent against the dollar this year and it is the worst performing Asian currency year-to-date, stung by an emerging markets sell-off and higher crude oil prices that have widened the country's current account deficit. After gaining against the dollar early in the day, the rupee slumped to close at 72.9750 against the dollar, after dipping to a record low of 72.99 just before trading ended. Last week's record low of 72.9150 was breached on Tuesday despite intervention from the Reserve Bank of India (RBI) that sold dollars late in the day in a bid to stem the slide in the rupee, said dealers.