Forex

euro-dollar-likely-to-extend-multi-month-lows

RBI’s Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 51.7495 rupees and the euro 65.9910 rupees.

Jan 11, 2012

Indian Rupee Breaches 52-Level to Dollar

The rupee on Thursday breached 52 to the dollar, the highest in over five months, on hopes that an array of economic reforms taken up by the central government would boost the economic growth of the country.

Oct 4, 2012

Indian Rupee Continues to Plunge, Could Touch 70 against Dollar, Says Report

The Indian rupee has been continuously falling of late despite Reserve Bank of India's intervention, The currency is unlikely to recover soon with a report by Deutsche Bank predicting that it is could touch 70 against the US dollar in a month's time.

Aug 22, 2013

An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Battered Rupee Expected to Bounce Back; Rating Agencies Give Positive Outlook on Indian Currency

The Indian rupee that breached 65 to the dollar mark on Thursday created market panic with rumours floating that it would fall even further in the near future but latest reports suggested it would bounce back in a few months' time.

Aug 24, 2013

Indian Stocks End Higher for Third Straight Session

Indian stock markets ended with gains for the third straight session on Monday, helped by gains in power, capital goods and healthcare sector shares.

Aug 26, 2013

Indian Rupee Hits New Low; Did Food Security Bill Trigger Sharp Fall?

In what could be seen as a repercussion of Food Security Bill passed by parliament on Monday, the Indian rupee touched a new low of 65.93 to the dollar on Tuesday, breaching the 65.56 record witnessed last week.

Aug 27, 2013