Foreign investors see rupee trade at 55 level in 6 months
Friday May 17, 2013
Foreign investors expect the rupee to trade below the 55 level against the US dollar in the next six months even as India's large current account deficit is seen as a major risk.
Rupee ends lower tracking broad dollar gains
Friday May 17, 2013
The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off.
Rupee declines as dollar gains against euro
Friday May 17, 2013
Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the domestic stock market capped the fall.
Rupee ends little changed as euro fall offsets share gains
Thursday May 16, 2013
"D&B expects the rupee to average at around 54.00-54.20 per dollar during May 2013," the note added.
Rupee down tracking weak euro; choppy shares hurt
Thursday May 16, 2013
The rupee continues to trade weaker at 54.84/85 versus its previous close of 54.78/79 as the euro's losses against the greenback boost.
Rupee up by 10 paise against dollar in early trade
Thursday May 16, 2013
Besides, strengthening of yen and other Asian currencies against the dollar in overseas market also supported the rupee, forex dealers said.
Rupee gains against dollar on capital inflows, bullish equities
Wednesday May 15, 2013
The rupee resumed weak at 54.86 per dollar as against yesterday's closing level of 54.81 per dollar at the Interbank Foreign Exchange (Forex) market.
Rupee ends lower despite easing inflation
Tuesday May 14, 2013
The rupee edged lower on Tuesday as a sharp easing in wholesale price inflation raised optimism the central bank would cut interest rates to boost economic growth, but gains were short-lived as the dollar remained well bid in the local market.
Rupee ends up, recovering from two-month lows
Monday May 13, 2013
The rupee recovered sharply from more than two-month lows hit earlier on Monday after the Reserve Bank of India (RBI) said previously announced restrictions on gold imports would apply immediately, leading to big short-covering of rupee positions.
Rupee near two-month lows; weak shares hurt
Monday May 13, 2013
The rupee traded weaker against the dollar at 54.94/95 from its close of 54.80/81 on Friday as sharp losses in domestic shares and a broadly strong dollar hurt. The pair rose to as high as 55.01 earlier in the session, its highest since March 4.
Rupee hits over two-month low as shares retreat
Monday May 13, 2013
The rupee weakened to its lowest level in more than two months on Monday weighed down by weaker domestic shares and broad gains in the dollar against global currencies.
Rupee falls to five-week low; CPI, trade data eyed
Monday May 13, 2013
The rupee fell to a five-week low of 54.87/88 against the dollar, from its previous close of 54.80/81 on Friday, tracking broad gains in the dollar versus majors and other Asian currencies.
Rupee may stabilise back to 54 mark in short-term: Experts
Sunday May 12, 2013
The declining trend in rupee is expected to be short-lived and is likely to be seen stabilizing towards the 54 mark against the US dollar soon, say experts. This is on the back of expected low inflation numbers coming next week and stabilising global...
Indian companies at center of Rs 247 crore global cyber heist
Reuters | Sunday May 12, 2013
Two companies with major operations in India were the weak links that opened the door to a 45 million dollars (around 247 crore rupees) global cyber heist brought to light by US authorities this week.
Rupee ends lower on global dollar strength
Friday May 10, 2013
The rupee posted its biggest single-day fall in four months on Friday, as the dollar's strength against global currencies and demand from oil and gold importers offset gains in domestic shares that have been driven by strong foreign flows.
