foreign exchange

Rupee rebounds 48 paise against USD on RBI booster

8:18 pm April 17, 2020

Mumbai: The Indian rupee on Friday settled 48 paise higher at 76.39 against the US dollar, rebounding from an all-time low hit a day earlier, buoyed by RBI measures to prop up the economy reeling under the Covid-19 impact. A strong rally in domestic equities also helped in improving forex market sentiment. At the interbank […]

Rupee dives 54 paise to 73.87 against USD

11:44 pm March 6, 2020

Mumbai: The Indian rupee resumed its downward journey after a day’s hiatus on Friday, plummeting by 54 paise to 73.87 against the US dollar as coronavirus-panicked investors assessed deteriorating financial markets. At the interbank foreign exchange, the domestic currency started the session with a massive plunge at 73.94 to the US dollar. It went on […]

India forex reserves soar to record USD 473 billion

8:08 pm February 14, 2020

Mumbai: The country’s foreign exchange reserves rose by USD 1.701 billion to a lifetime high of USD 473 billion in the week to February 7 on account of increase in foreign currency assets, according to RBI data. In the previous week, the foreign exchange reserves had swollen by USD 4.607 billion to USD 471.3 billion. […]

Rupee settles 12 paise up at 70.92 against US dollar

8:01 pm December 10, 2019

Mumbai: The rupee settled 12 paise higher at 70.92 against the US dollar on Tuesday amid softening crude oil prices and weakening of the greenback vis-a-vis major global currencies. Forex traders said the Indian rupee gained ground on the back of foreign fund inflows, stable crude oil price and a weaker dollar index. However, muted […]

Rupee crashes to over 2-mth low, tumbles 62 paise

8:22 pm November 13, 2019

Mumbai: The rupee nosedived 62 paise to hit an over two-month low of 72.09 to the US dollar on Wednesday as poor macro data and lingering worries over US-China trade war weighed on sentiment. At the interbank foreign exchange, the rupee opened on a weak note at 71.75 against the US dollar. As the day […]