- Feb11By PTI
The rupee on Thursday plummeted by 45 paise to end at an over 29-month low of 68. 30 a dollar on fresh demand for the US currency from banks and
- Jan20By PTI
The rupee tumbled 30 paise to trade over 28-month low at 67. 95 against the dollar in early trade on Wednesday mainly due to strong demand for the American
The rupee touched the lowest level in two years on mid-month dollar demand from importers and banks, and a global sell off spurred outflows from the domestic equity market.
After its recent intervention in the exchange-traded currency futures markets, the Reserve Bank of India (RBI) seems to be wanting more control over the market to check rupee volatility.
Ignoring US Fed rate hike and resultant strengthening of dollar in overseas markets, the rupee on Thursday rose to by 31 paise to its three-week high of 66.44 against
The sharp depreciation in the rupee against the US dollar has hit private equity (PE) players who raised funds during the period 2006-08 and invested in Indian companies.
Heightened uncertainties over an impending Fed rate hike dragged the rupee to below 67-mark a 27-month low against the greenback. The domestic currency ended at 67
The rupee is likely to depreciate against the dollar as banks and importers are expected scramble for the greenback ahead of the Fed meeting on December 16.
Weak global markets, rising geo-political tensions and heavy selling by foreign institutional investors in the last few sessions hit the rupee on Wednesday. Importers, foreign banks, PSBs on behalf
Fitch Ratings on Monday said that its study on impact of a 15 per cent and 30 per cent rupee depreciation on the balance sheet and cash flows of the