Forex

Rupee Ends At Over 8-Month Low Against Dollar: 10 Things To Know

Business | Edited By Abhishek Jejani (with inputs from PTI) | Thursday August 22, 2019

The rupee on Thursday plunged by 26 paise and closed at an over eight-month low. The rupee opened weaker at 71.65 a dollar and touched an intraday low of 71.97 before closing at 71.81 against the American currency, news agency Press Trust of India (PTI) reported. The depreciation in rupee's value came on the back of sharp declines in equity markets...

Yuan Falls To Fresh 11-Year Lows On Trade War Worries

Business | Thomson Reuters | Thursday August 22, 2019

Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.

Rupee Closes Higher At 71.55 Against Dollar

Business | Press Trust of India | Wednesday August 21, 2019

Starting off on a bullish note, the rupee surged to a high of 71.36 per dollar during the day before settling at 71.55, clocking a gain of 16 paise.

Rupee Extends Slide Against Dollar, Ends At Fresh 6-Month Low: 10 Points

Business | Edited By Abhishek Jejani (with inputs from PTI) | Tuesday August 20, 2019

The rupee depreciated for second day in a row and fell 28 paise to close at a new six-month low against the US dollar. In the intraday trade rupee fell to a day's low of 71.80 before settling at 71.71 against the greenback, news agency Press Trust of India (PTI) reported. Investors remained risk averse on the back of slowing economy and outlook on ...

Rupee Declines By 34 Paise Against Dollar Amid Rising Oil Prices

Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday August 20, 2019

Extending its decline for a second straight day, the rupee fell by as much as 34 paise - or 0.53 per cent - to 71.81 against the dollar on Tuesday. After opening lower against the greenback at 71.56, down 13 paise from the previous close, the rupee slumped to as much as 71.81 during the session. Rising crude oil prices along with strength in the do...

Rupee Closes At Over 6-Month Low Against Dollar: 10 Things To Know

Business | Edited By Abhishek Jejani (with inputs from PTI) | Monday August 19, 2019

The rupee fell by 29 paise to close at an over six-month low against the US dollar on Monday, news agency Press Trust of India (PTI) reported. The fall came on the back of growing worries over economic slump and sustained foreign fund outflows. The rising crude oil prices and strengthening of the greeback vis-a-vis other currencies overseas also to...

Rupee Rises 13 Paise Against Dollar Despite Foreign Outflows

Business | Press Trust of India | Friday August 16, 2019

On a weekly basis, the rupee lost 36 paise primarily due to heavy losses on Tuesday due to trade war concerns.

Investors Turned Bearish On Rupee, Most Asian Currencies In Past Two Weeks: Poll

Business | Thomson Reuters | Thursday August 15, 2019

Investors switched to go short on the rupee, Indonesia's rupiah, Malaysia's ringgit and the Philippine peso, according to a poll of 13 respondents.

Rupee Off 6-Month Low, Ends At 71.27 Against Dollar: 10 Things To Know

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 14, 2019

The rupee rose to end at 71.27 against the dollar on Wednesday, rebounding from a nearly six-month low registered the previous day. After opening higher against the greenback at 71.00, the rupee appreciated by as much as 55 paise during the session, before giving up most of those gains by the end of trade on Wednesday. Strength in the equity market...

Bond Rally Cut Shorts On Government Spending Fears

Business | Thomson Reuters | Wednesday August 14, 2019

Since February, the Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.

Rupee Rebounds From 6-Month Low, Rises 55 Paise Against Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Wednesday August 14, 2019

The rupee rebounded from the six-month low and rose as much as 55 paise or 0.77 per cent against the dollar on Wednesday. Analysts say strong domestic equity markets and easing crude oil prices provided support to the home unit. At the forex market, the rupee opened higher at 71.00 against the US currency and climbed to 70.85 at the day's highest p...

Foreign Investors Face Wipeout As Rupee Becomes Asia's Worst Performer

Business | Anurag Joshi, Bloomberg | Wednesday August 14, 2019

Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.

Rupee Slumps To 6-Month Low Against Dollar: 10 Things To Know

Business | Edited By Abhishek Jejani (with inputs from PTI) | Tuesday August 13, 2019

The rupee fell for second straight day and breached the 71-mark against the US dollar on Tuesday. The rupee slumped 62 paise to close at a nearly six-month low against the greenback, news agency Press Trust of India (PTI) reported. Weakness in equity markets and Argentine currency crashing drove investors to safe haven assets like gold. The rupee o...

Stock, Forex Markets Remain Closed On Monday For Holiday

Business | Thomson Reuters | Monday August 12, 2019

The 10-year benchmark bond yield ended at 6.49 per cent, while the rupee settled at 70.79 to the dollar.

Rupee Moves Higher To 70.44 Against Dollar: 10 Things To Know

Business | Edited By Anshul (With inputs from agencies) | Friday August 9, 2019

The rupee rose as much as 25 paise - or 0.35 per cent - against the dollar on Friday. Analysts say gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax surcharge during the day provided support to the local currency. At the forex market, the rupee opened higher for second...