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  Rupee up 20 p at 11-month high vs dollar on sustained inflows

  May 19, 2014 21:48 IST

  Mumbai: In tandem with upmove in stocks, the rupee today gained for the fourth day and closed at a fresh 11-month high of 58.59 against US dollar on sustained inflows.Continued dollar selling by exporters and

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  Forex reserves up $1.97 bn to $313.83 bn

  May 18, 2014 17:16 IST

  Mumbai: The foreign exchange reserves rose by USD 1.97 billion to USD 313.83 billion in the week ended May 9, on higher currency assets.Previous week, the total reserves rose by USD 1.94 billion to USD

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  India's forex reserves up $1.94 bn

  May 10, 2014 20:05 IST

  Mumbai: India's foreign exchange (forex) reserves rose by $1.94 billion to $311.85 billion for the week ended May 2, led by a sharp jump in overseas currency assets, Reserve Bank of India (RBI) data showed.The

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  Rupee up 10 paise against dollar

  May 06, 2014 18:17 IST

  Mumbai: The rupee today gained 10 paise to end the day at 60.11 against the dollar on fag-end selling of the US currency by banks and exporters .The rupee resumed higher at 60.10 as against

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  India's forex reserves rise by $500 mn

  May 03, 2014 20:29 IST

  Mumbai: India's foreign exchange (forex) reserves rose by $499.8 million to $309.91 billion for the week ended April 25, led by a sharp jump in overseas currency assets, Reserve Bank of India (RBI) data showed.According

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  China opens first forex trading centre on border with Vietnam

  April 27, 2014 19:25 IST

  Beijing: China has opened a currency trading center, the first of its kind in the country, on the China- Vietnam border to end rampant illegal private forex trading. The ASEAN (Association of Southeast Asian Nations)

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  India's forex reserves down by $31 million

  April 26, 2014 20:42 IST

  Mumbai: India's foreign exchange (forex) reserves fell by $31.6 million to $309.41 billion for the week ended April 18, Reserve Bank of India (RBI) data showed.There was a sharp decline in foreign currency assets component

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  No country's forex reserves large enough to ward off external shocks: Rajan

  April 12, 2014 16:56 IST

  Mumbai: Reserve Bank of India governor Raghuram Rajan has said though the country has enough foreign exchange reserves, no nation can fully insulate itself from external vulnerabilities."We are well-buffered with substantial reserves, though no country

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  FM P Chidambaram calls for high level of probity in capital market

  December 14, 2013 21:36 IST

  Mumbai: Pitching for high level of probity, Finance Minister P Chidambaram today said Indian capital markets are facing many concerns including low level of retail participation, which needed to be addressed urgently."It is important that

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  'Re rally may not sustain as dollar demand from oil cos rise'

  December 09, 2013 21:06 IST

  Mumbai: Although the rupee gave a thumbs up to the assembly poll results, market observers say that the rally is likely to be short-lived as higher US dollar demand from oil marketing companies (OMCs) weigh.Bankers

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  Forex reserves rise for 2nd week, jump by $1.46 bn to $283.6 bn

  November 23, 2013 16:03 IST

  Mumbai: Forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets.In the

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  Sensex sheds nearly 1,000 pts since Diwali, Rupee also slips

  November 12, 2013 19:30 IST

  Mumbai: Indian markets are fast losing their fizz with the benchmark Sensex down almost 1,000 points since a cracker of a Diwali and the rupee heading towards the 64-mark against the dollar, a level not

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  Rupee at fresh two-month low, down 47 paise to 63.71 vs dollar

  November 12, 2013 18:55 IST

  Mumbai: The rupee continued to slide against the dollar for the fifth day in a row and closed down 47 paise at a fresh two-month low of 63.71 today amid bearish local equities and demand

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  Sensex to remain open today for muhurat trading

  November 03, 2013 15:55 IST

  Mumbai: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain open on Sunday between 6:15pm and 7:30pm for muhurat trading, a token trading activity on Diwali which is considered very auspicious.

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  RBI-reference rate for US dollar, euro

  October 30, 2013 22:24 IST

  New Delhi: The Reserve Bank of India on Monday fixed the reference rate of the rupee against the U.S. dollar at 61.5030 and the euro at 84.8825 as against 61.6250 and 85.1350 on last Friday.In

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  RBI policy, Fed moves and quarterly results to set stock market trend

  October 27, 2013 17:35 IST

  Mumbai: Stock markets are likely to take cues this week from the outcome of RBI's second quarter review of monetary policy, US Federal Reserve meeting and the next batch of quarterly results from bluechips like

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  Govt bond futures: Bankers say product design key to success

  October 20, 2013 15:50 IST

  Mumbai: Even as Reserve Bank is working on launching a futures instrument in government bonds, market players are having reservations over the design of the proposed product, citing poor experience in the past with such

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  Rupee gains most in two weeks, up 60 paise to 61.23 vs dollar

  October 17, 2013 19:23 IST

  Mumbai: The rupee had its biggest gain in two weeks, rising 60 paise to 61.23 against the dollar today, after US lawmakers reached a deal to end the government shutdown and temporarily avoid a debt

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  Rupee falls 35 paise to 61.79 against dollar as stocks decline

  October 07, 2013 19:13 IST

  Mumbai: The rupee today retreated from a seven-week high, dropping 35 paise to close at 61.79 against the dollar, after stocks weakened on concerns about the continuing US government shutdown.Fresh dollar demand from importers also

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  Forex reserves fall USD 1.12 billion to USD 276.26 billion

  October 04, 2013 18:15 IST

  Mumbai: Forex reserves fell by USD 1.12 billion to USD 276.26 billion in the week to September 27 as foreign currency assets fell sharply by nearly USD 1.3 billion, the Reserve Bank said today.The reserves