|Day's range||69.215 - 69.215|
|52-week range||68.2100 - 74.9000|
Pakistan's rupee dropped to another record low on Wednesday, sliding more than 3% in a day, the central bank said. The rupee closed at 161.94 against the dollar in the interbank market, continuing a slide since Pakistan signed an agreement with the International Monetary Fund last month for a $6 billion loan. In the open market it was selling at 162.50 on Wednesday, money exchange dealers said.
The Indian rupee closed at 11-week high against the US dollar for the third session today on the hopes of a trade deal between the US and China.
Indian rupee on Wednesday, opened lower at 69.40 against the dollar, driven by strengthening of US dollar and rising crude oil prices, in the overseas market.
The rupee appreciated by 13 paise to 69.22/$ on Tuesday. Indian rupee opened marginally higher at 69.32/$ at the inter-bank forex market, against yesterday's close of 69.35/$.
In Tuesday's trade, the rupee opened a tad higher at 69.83 versus the previous day's close of 69.90. Rupee has been seen losing ground as the dollar gained strength due to good US retail sales number. Also, there was seen huge
Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy. Baqir was last month appointed to lead the central bank in Pakistan, which has been hit by ballooning current and fiscal account deficits and repeated devaluations of the rupee. Pakistan's policy is a "market based exchange rate system" that follows supply and demand, but that will not be left completely to the market, Baqir said in his first press conference as State Bank of Pakistan (SBP) governor.
While ioneer Ltd (ASX:INR) shareholders are probably generally happy, the stock hasn't had particularly good run...
Rupee in Monday's trade opens lower 69.86, down by 6 paise as against its previous close of 69.8 per US dollar. Meanwhile, stock indices in India are expected to open lower tracking global signals highlighting global trade spat and as
The Indian rupee in Friday's session opened unchanged at 69.51 per dollar versus previous close 69.51. On Thursday, rupee ended lower by 16 paise at 69.51 even though crude oil prices rose sharply. Crude oil prices and prospect of interest
After the important data of CPI inflation and IIP was released on Wednesday after market hours, the Indian rupee opened almost unchanged at 69.34 per dollar on Thursday versus the previous close of 69.34. At 9:20 am, the rupee was trading
The Indian rupee in Wednesday's trade opened almost unchanged at 69.45 per US dollar versus the previous session's close of 69.44. Crude oil price has fallen due to weak growth in oil demand and surprise increase in the US stock of
The Indian rupee resumed trade on Monday marginally higher by 2 paise at 69.45 per dollar in comparison to previous session close of 69.47. At 9:41 am, the rupee was trading at 69.435 against the greenback. On Friday, the rupee
Mumbai: The rupee appreciated by 8 paise to 69.38 against the US dollar in opening trade on Monday, driven by higher opening in domestic equities.
The Reserve Bank of India (RBI) on Friday fined Kotak Mahindra Bank Ltd 20 million rupees ($288,525) for not furnishing details about the shareholdings of its majority stakeholders and its plans for complying with stake dilution norms. The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms. "RBI came to the conclusion that the bank had failed to comply with the directions issued by RBI and decided to impose monetary penalty on the bank," the Reserve Bank of India said in a statement.
The Indian rupee in Friday's trade opened higher at 69.19 per US dollar against its previous close of 69.27. In yesterday's session after the RBI announced repo rate cut of 25 basis points to a nine-year low of 5.75% and
The Indian rupee on Thursday opened weak at 69.40, down 14 paise, in comparison to Tuesday's close of 69.26. On Wednesday, the currency and equity markets were closed on account of Ramzan Id. The currency was last trading lower at 69.418
Indian shares ended lower on Thursday, after the central bank cut its benchmark interest rate by 25 basis points, while also changing its policy stance to "accommodative," in a widely expected move. The broader NSE Nifty fell 1.48% to 11,843.75, while the benchmark BSE Sensex ended 1.38% lower at 39,529.72, as the Reserve Bank of India (RBI) lowered the repo rate to 5.75% and cut the reverse repo rate to 5.5%. "When the GDP numbers were out, the market did not react negatively and instead started looking toward the rate cut, so the rally has already happened," said Vidya Bala, Head of Mutual Fund Research at FundsIndia.com.
The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found. The currency moved only marginally against the dollar in May despite a steep fall in oil prices, the country's major import, and a landslide victory for Prime Minister Narendra Modi's Bharatiya Janata Party, something previous polls had said would be the best outcome for the rupee. Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.
The benchmark BSE Sensex closed down 0.46% at 40,083.54 on Tuesday. The broader NSE Nifty ended 0.55% lower at 12,021.65.
The Indian rupee is trading firm at 69.75 versus its previous close of 69.87. The currency opened with 11 paise gains at 69.76 per US dollar. The rupee until May 30 has remained under pressure due to strong dollar which has
At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day's low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close.
Besides, strength in dollar against some major rival currencies, foreign fund outflows and heavy selling in domestic equities also kept pressure on the Indian rupee.
The Indian rupee opened lower in Wednesday's session with a loss of some 6 paise at 69.75 per versus previous close 69.69 per dollar. The currency on Tuesday lost and ended lower due to a sudden month-end demand for the greenback
Rupee in Tuesday's trade opens lower by 15 paise at 69.65 versus previous session's closing of 69.50. In yesterday's trade rupee pared all the gains made in early trade and closed higher as the US dollar gained. Also, the yield
Rupee in Monday's trade opened with gains of 11 at 69.41 versus the previous close of 69.52 against the greenback. The yield on 10-year bonds is seen trading at 7.221%. After the huge NDA victory, bond markets have also gained favour