Rupee depreciation generally makes the Indian outbound traveler concerned about the travel budget. But this time, with other international currencies depreciating more, Indians are in a better position.
A day after sinking to a two year low, the rupee on Tuesday posted a remarkable recovery as China cut the benchmark interest rate to ease the financial markets.
Global sell-off triggered by concerns over a slowdown in the Chinese economy and fears of a currency war led by the Yuan devaluation impacted the rupee that fell by 81 paise, a steepest fall in two years.
- Aug21By PTI
Riding on global currency volatility wave, the rupee on Friday plummeted sharply by 29 paise to close at a fresh two-year low of 65.83 against the US dollar on high demand for greenback from banks and importers.
FY15 recorded 137% increase in mobile transactions at more than 255 million against 107.61 million during FY14.
- Sep22By Press Trust of India
Indian currency emerged as the worst performer among its global peers with a fall of 8. 7 per cent last month owing largely to economic slowdown and poor investor
In one of the biggest rallies in recent times, the rupee gained 160 paise against the dollar to reach its highest level in nearly five weeks on Thursday following the
The rupee rallied to a one-month high against the dollar to close at 62. 83 on Monday following speculation that foreign currency non-resident (banks) accounts would now attract huge dollar
Though the rupee appreciated by 3. 5 per cent in three sessions after Raghuram Rajan took over as RBI governor on September 4 the coming weeks are likely to
The Reserve Bank of India (RBI) intervened in the forex market, sharply reversing the downward spiral of the rupee on Thursday. The rupee made a dramatic recovery, closing at