Tag: Currency
17 Results
-
US adds India to currency watch list with China
The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued on Friday.
April 14, 2018 -
Rupee rebounds 11 paise in opening trade
The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the US currency by exporters and banks. Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee. On Thursday, the …
Continue reading "Rupee rebounds 11 paise in opening trade"
January 12, 2018 -
Chinese yuan weakens against US dollar
The central parity rate of the Chinese currency, the renminbi or the yuan, weakened 239 basis points to 6.5207 against the US dollar on Wednesday, the lowest point in about two weeks. The softer rate came after drops in the offshore yuan against the dollar on Tuesday following rumours that the country’s central bank had …
Continue reading "Chinese yuan weakens against US dollar"
January 10, 2018 -
Rupee recovers 5 paise against US dollar
The rupee recovered by 5 paise to 63.66 against the dollar in early trade on Wednesday on mild selling of the US currency by exporters amid a higher opening in domestic equity markets. Currency traders said weakness in the dollar against major global currencies overseas supported the rupee. On Tuesday, the rupee had dropped sharply …
Continue reading "Rupee recovers 5 paise against US dollar"
January 10, 2018 -
Rupee marginally up, trades at 64.02
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle overseas. Exporters and banks stayed away from the American currency as capital inflows jumped. The dollar’s lustre dimmed against other currencies globally, which supported the local unit. In the opening session, the domestic unit was …
Continue reading "Rupee marginally up, trades at 64.02"
December 26, 2017 -
Rupee moves up 10 paise against dollar
The rupee rose 10 paise to 64.01 against the dollar on Thursday as the US Congress gave its final seal of approval to a sweeping tax legislation. Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class. A positive start …
Continue reading "Rupee moves up 10 paise against dollar"
December 21, 2017 -
Rupee logs a fresh 3-mth high at 64 against dollar
The rupee firmed up 4 paise to 64 against the dollar on Wednesday, taking cues from a higher opening in the domestic stock market. The US currency lost muscle even as the Republican tax cut package moved closer to becoming a law. In the opening session, the domestic unit went up 4 paise to 64 …
Continue reading "Rupee logs a fresh 3-mth high at 64 against dollar"
December 20, 2017 -
Rupee spurts 7 paise against dollar after BJP wins polls
The rupee on Tuesday climbed a bit to 64.17 against the dollar as the dust settled on the political landscape in Gujarat and Himachal Pradesh and the BJP gets ready to form the next government in both states. The BJP returns to power for the sixth straight term in Gujarat and unseats the Congress in …
Continue reading "Rupee spurts 7 paise against dollar after BJP wins polls"
December 19, 2017 -
Rupee loses 16 paise against dollar on negative macro numbers
The rupee took a hit of 16 paise at 64.56 against the US dollar, unable to digest a negative set of macroeconomic data. According to data released, industrial growth in October hit a 3-month low of 2.2 per cent while retail inflation in November rose to a 15-month high of 4.88 per cent. A lower …
Continue reading "Rupee loses 16 paise against dollar on negative macro numbers"
December 13, 2017 -
Rupee weakens 10 paise against dollar
The rupee depreciated 10 paise to 64.51 against the US dollar in early trade on Wednesday at the interbank foreign exchange due to appreciation of the American currency overseas. Dealers also attributed the rupee’s fall to increased month-end demand for the US currency from importers. Domestic equity market opening with gains, however, capped the rupee …
Continue reading "Rupee weakens 10 paise against dollar"
November 29, 2017 -
Rupee goes up 5 paise against dollar to 65.06
The rupee firmed up 5 paise to 65.06 against the dollar on Tuesday, set off by fresh selling of the US currency by exporters and banks. The local unit received some good support from higher domestic equities. But a strong dollar overseas kept the rupee in check. On Monday, the rupee had retreated from its …
Continue reading "Rupee goes up 5 paise against dollar to 65.06"
November 21, 2017 -
Note ban broke terror backbone, curbed stone-pelting: Manoj Tiwari
Observing November 8 as “anti-black money day”, the BJP on Wednesday said the scrapping of high value currency notes a year ago was a “historic” move that “broke the backbone” of terrorism and Maoist violence and led to “significant decline” in stone-pelting protests in Jammu and Kashmir. The ruling party held a march in central Delhi led …
Continue reading "Note ban broke terror backbone, curbed stone-pelting: Manoj Tiwari"
November 8, 2017 -
Rupee jumps 10 paise to 65.18 against dollar
The rupee climbed 10 paise to 65.18 against the dollar today after US president’s tax cut plans failed to sustain interest in the US currency among traders. Banks and exporters turned their back on the greenback. The rupee looked good, taking support from a higher opening in domestic stocks. The dollar’s falling fortune against currencies …
Continue reading "Rupee jumps 10 paise to 65.18 against dollar"
October 11, 2017 -
Rupee jumps 11 paise against dollar to 65.25
The rupee appreciated by 11 paise to 65.25 against the dollar today as rising risk appetite pushed back the US currency amid a higher opening in domestic equities. The risk-on approach pushed exporters and banks increasingly away from the dollar. The greenback ran out of luck overseas too, snapping its winning streak, as it fell …
Continue reading "Rupee jumps 11 paise against dollar to 65.25"
October 10, 2017 -
Rupee softens 13 paise against dollar to 65.27
The rupee depreciated 13 paise to 65.27 against the dollar today as expectations rose that US President Donald Trump’s tax cut plan will be signed into law. The US currency put on more lustre on increased demand from banks and importers. The renewed strength of the dollar overseas weighed on the rupee, forex dealers said. …
Continue reading "Rupee softens 13 paise against dollar to 65.27"
October 6, 2017 -
Rupee tumbles 16 paise against dollar, hits 65.88
The rupee took more blows today as it slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and the prospect of monetary stimulus pullout. The US Fed’s policy decision and commentary led to foreign investors heading …
Continue reading "Rupee tumbles 16 paise against dollar, hits 65.88"
September 28, 2017 -
Rupee moves up 10 paise against dollar
The rupee trended higher by 10 paise to 65.35 against the dollar in the beginning today, reflecting a strong start in stock markets. Fresh selling of the US dollar by banks and exporters brought some life back in the local currency. Stocks were full of promise as they opened on a firm note, which made …
Continue reading "Rupee moves up 10 paise against dollar"
September 27, 2017