RBI

Rupee slips 23 paise to 71.66 vs USD in early trade

11:42 am August 20, 2019

Mumbai: The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows. On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar amid […]

Rupee plunges to over 6-mth low of 71.43; skids 29 paise

7:45 pm August 19, 2019

Mumbai: The Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar on Monday amid growing worries over economic slump and sustained foreign fund outflows. Further, rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas also took toll on the Indian currency. […]

Forex reserves at new life-time high of USD 430.57 bn

8:17 pm August 16, 2019

Mumbai: India’s foreign exchange reserves surged by USD 1.620 billion to USD 430.572 billion in the week to August 9 on rise in foreign currency assets, according to the latest RBI data released on Friday. In the previous reporting week ended on August 2, the reserves had declined by USD 697.2 million to USD 428.952 […]

Rupee rebounds 18 paise to 70.71 against USD in early trade

11:06 am August 8, 2019

Mumbai: The rebounded by 18 paise to 70.71 against the US dollar in early trade on Thursday, a day after the Reserve Bank of India cut the key interest rate by 35 basis points. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 […]

Rupee skids for 5th day; drops 8 paise to 70.89 vs USD

7:39 pm August 7, 2019

Mumbai: The rupee dropped 8 paise to finish at 70.89 against the US dollar on Wednesday after the RBI cut the key interest rate and lowered the growth estimate for the current fiscal. This is the fifth straight session of loss for the domestic currency, during which it has lost a hefty 210 paise. During […]