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RBI Sold Net $3.6 Billion In Spot Forex Market In April
The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.
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In Rs 870 Crore Forex Scam, 2 Marketing Firm Directors Jailed For 27 Years
A court in Tamil Nadu's Coimbatore sentenced two directors of Paazee Marketing Company to 27 years of imprisonment and slapped a fine amounting to Rs 171.74 crore on them in a case related to cheating public depositors to the tune of Rs 870.1 crore.
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Sensex Closes 509 Points Lower, Nifty Gives Up 10,200: 10 Points
The BSE Sensex fell 509 points to close at 33,176.00 on Friday, continuing its downward movement for the third straight session dragged down by finance, energy and metal stocks. The Nifty fell 165 points to settle at 10,195. Forty one stocks on the 50-scrip Nifty ended in the negative zone. Top losers on the Nifty50 were Indian Oil Tata Motors and ...
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Why The Rupee Is Rising Against US Dollar
The rupee gave up early gains after hitting 63.25 against the US dollar at day's high.
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Why Rupee Fell To 6-Month Low Vs Dollar Today: 10 Points
The rupee fell sharply today to breach the 65 mark against the US dollar. The rupee fell to a nearly 6-month low of 65.14 against the US dollar, its lowest since April this year. However, it staged a remarkable recovery from its near-six-month low and ended a marginal 2 paise higher at 64.79 per dollar. A stronger dollar following prospect, weak d...
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India's Foreign Exchange Reserves Hit $400 Billion For First Time: 5 Points
The surge in India's forex reserves is likely to help rupee withstand any volatility that may be seen on exodus of foreign funds from India's debt and equity markets, analysts say.
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Rupee At 1-Month High Of 63.78 Vs US Dollar
A massive unwinding of dollar long positions by exporters and corporates predominantly lifted the rupee sentiment
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Forex Reserves Hit Fresh Life-time High Of $393 Billion
Foreign currency assets rose by $964.4 million to $369.723 billion, according to RBI.
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Rupee Dives 21 Paise Against US Dollar
Domestic bourses too found the going tough and posted the third straight session of losses.
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Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
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Venezuela Sues 'Cyber-Terror' Forex Site in US
Venezuela's Central Bank has filed suit in US court charging that the website DolarToday, which focuses on the black market rate for the bolivar, is harming and destabilizing the country's economy.
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RBI likely sold dollars in forex markets to stabilise rupee post policy: dealers
The RBI likely sold dollars via state-run banks to stabilise the rupee after it extended losses post the policy decision to raise the key interest rate by 25 basis points while also unwinding some of the recent rupee support steps.
-
RBI Sold Net $3.6 Billion In Spot Forex Market In April
The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.
-
In Rs 870 Crore Forex Scam, 2 Marketing Firm Directors Jailed For 27 Years
A court in Tamil Nadu's Coimbatore sentenced two directors of Paazee Marketing Company to 27 years of imprisonment and slapped a fine amounting to Rs 171.74 crore on them in a case related to cheating public depositors to the tune of Rs 870.1 crore.
-
Sensex Closes 509 Points Lower, Nifty Gives Up 10,200: 10 Points
The BSE Sensex fell 509 points to close at 33,176.00 on Friday, continuing its downward movement for the third straight session dragged down by finance, energy and metal stocks. The Nifty fell 165 points to settle at 10,195. Forty one stocks on the 50-scrip Nifty ended in the negative zone. Top losers on the Nifty50 were Indian Oil Tata Motors and ...
-
Why The Rupee Is Rising Against US Dollar
The rupee gave up early gains after hitting 63.25 against the US dollar at day's high.
-
Why Rupee Fell To 6-Month Low Vs Dollar Today: 10 Points
The rupee fell sharply today to breach the 65 mark against the US dollar. The rupee fell to a nearly 6-month low of 65.14 against the US dollar, its lowest since April this year. However, it staged a remarkable recovery from its near-six-month low and ended a marginal 2 paise higher at 64.79 per dollar. A stronger dollar following prospect, weak d...
-
India's Foreign Exchange Reserves Hit $400 Billion For First Time: 5 Points
The surge in India's forex reserves is likely to help rupee withstand any volatility that may be seen on exodus of foreign funds from India's debt and equity markets, analysts say.
-
Rupee At 1-Month High Of 63.78 Vs US Dollar
A massive unwinding of dollar long positions by exporters and corporates predominantly lifted the rupee sentiment
-
Forex Reserves Hit Fresh Life-time High Of $393 Billion
Foreign currency assets rose by $964.4 million to $369.723 billion, according to RBI.
-
Rupee Dives 21 Paise Against US Dollar
Domestic bourses too found the going tough and posted the third straight session of losses.
-
Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
-
Venezuela Sues 'Cyber-Terror' Forex Site in US
Venezuela's Central Bank has filed suit in US court charging that the website DolarToday, which focuses on the black market rate for the bolivar, is harming and destabilizing the country's economy.
-
RBI likely sold dollars in forex markets to stabilise rupee post policy: dealers
The RBI likely sold dollars via state-run banks to stabilise the rupee after it extended losses post the policy decision to raise the key interest rate by 25 basis points while also unwinding some of the recent rupee support steps.
