Tag: Indian Currency

Indian pulses industry makes pitch for Rupee-denominated trade with Myanmar

To further the trade relationship between India and Myanmar around pulses, the industry body India Pulses and Grains Association (IPGA) has made a pitch for import and export between the two neighbouring countries in the Indian currency Rupee.

September 29, 2022

Rupee hits new record low of 81.55 against USD

The Indian rupee fell to a new record low of 81.55 against the US dollar on Monday after a sharp uptick in dollar index, dealers said.

September 26, 2022

Equity indices open in red, Sensex down 170 points

All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.

January 14, 2019

Sensex ends 106 points lower over declining banking stocks

Brent crude futures on Thursday surpassed the $61-a-barrel mark around the closing bell.

January 10, 2019

Currency, commodity and commerce

Here are a few queries of a layman after feeling the heat of ground-level “market economics”. The same market which is euphemistically referred to by (expert) economists thus: “let market determine such and such”. Can the real, practising economists kindly clarify a few concerns? The first relate to Vice-Chairman Niti Aayog’s recent views as reported...

November 12, 2018

Rupee fall continues, drops to fresh record low of 71.79 against US dollar

Falls 21 paise in late morning deals; trading on a volatile note, moving between a wide range of 71.40 and 71.79 against a USD

September 5, 2018

Rupee hits new all-time low of 71.37, now 16 paise down against US dollar

Opening at a record low of 71.24 against a dollar at the Interbank Foreign Exchange, down from its previous close of 71.21, the local currency weakened further to trade at a life-time low of 71.37 per dollar on Tuesday

September 4, 2018

Rupee recovers, up 23 paise against US dollar from record low

Official data released after market hours on Friday showed India's economy grew at a two-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of manufacturing and agriculture sectors

September 3, 2018

New Rs 100 note soon | Here are 16 features you should know

Lavender in colour, the new Rs 100 denomination has Mahatma Gandhi’s face on the obverse and Rani Ki Vav motif on the reverse.

July 19, 2018

Bankers claim rupee may hit 70 mark this week

The Reserve Bank of India (RBI), however, will not be comfortable with the currency touching 70 .

July 8, 2018

Rupee falls for 6th day, crumbles 36 paise to 66.48 vs US dollar

Extending its losing run for the sixth straight session, the rupee on Monday plummeted by a staggering 36 paise to hit a fresh 13-month low of 66.48 against the US dollar as rising crude prices and sustained foreign fund outflows led to subdued forex market sentiment.

April 23, 2018

Rupee retreats from 5-month high; trades down 4 paise vs USD

The rupee retreated from fresh five- month high level to trade lower by 4 paise at 63.72 against the US currency in early session on some dollar buying by importers and banks. The domestic currency opened marginally up at 63.67 and jumped 6 paise to a fresh five-month high of 63.62 at the interbank foreign...

January 2, 2018

Rupee advances 15 paise against dollar at 64.22

The rupee strengthened by 15 paise to 64.22 against the dollar at the interbank forex market on tuesday on increased selling of the American currency by banks and exporters. The dollar losing sheen against some other currencies overseas also supported the local unit, traders said. Yesterday, the rupee had rebounded by 9 paise to end...

December 5, 2017