Page 11 - Currency

Rupee continues to fall for 3rd day, slumps 33 paise to close at 74.58

Continuing its fall for the third consecutive session, the rupee on Tuesday slumped 33 paise to close at 74.58 (provisional) against the US dollar

Rupee dips 9 paise to close at 74.24 against US dollar on rising oil prices

The rupee fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments

Rupee slumps 25 paise to close at 74.15 against dollar over muted equities

The rupee on Friday slumped 25 paise to close at 74.15 (provisional) against the US dollar, as muted domestic equities and elevated crude oil prices weighed on investor sentiments.

Bullish investors lift risk-sensitive currencies as Omicron fears fade

The euro slipped by 0910 GMT but held above $1.13 while the dollar index, at 96.159, was unchanged on the day but near its weakest since last Friday

Lira mounts historic 25% rally as Erdogan moves to protect savings

Erdogan introduced a series of steps late on Monday that he said will ease the burden of a weakened currency on Turks

Sterling, euro jump as BoE hikes rate, ECB cuts stimulus

Sterling rose 0.7% to a two-week high of $1.3368 after the BoE raised its main interest rate to 0.25% from an historic low of 0.1%

Indian Rupee rises 23 paise to end day at 76.09 against US dollar

Meanwhile, the US dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.37 per cent to 96.15

RBI lower currency limit for pilgrims visiting Kartarpur Gurudwara

The Reserve Bank of India (RBI) on Wednesday permitted Indians as well as Overseas Citizens of India (OCI) cardholders going on pilgrimage to Gurdwara Darbar Sahib in Kartarpur, Pakistan

Indian Rupee declines by 10 paise to 75.88 against US dollar

In the previous session, the rupee had settled at 75.78 against the greenback

Myanmar shadow govt approves use of stablecoin, aims to help fundraise

Myanmar's shadow government said it would allow the use of the world's largest stablecoin, Tether, as an official currency

China's central bank tightens control to restrain currency's rise

Commercial banks were ordered Thursday to increase the amount of their foreign currency deposits

Rupee closes at near 18 month-low, ends at 75.52 to the dollar

The rupee touched 76.92 a dollar in the intraday trade on April 22 last year.

Rupee slides 5 paise to 75.49 against US dollar in early trade

The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit

Indian rupee slumps 30 paise to close at 75.42 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent up at 96.23

Lower oil prices to counter Omicron fears; yet rupee to remain subdued

Besides, rising trade deficit along with fears of US tapering measures are likely to hamper any appreciation move

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

Turkish lira takes breather from the worst nosedive in 20 years

The lira's rebound comes after an 11-day slide

Currency in circulation remains unchanged during Diwali week: SBI Research

The currency in circulation stood at Rs 43,900 cr during the Diwali week in 2021, more or less stagnant compared to the Rs 43,800 cr in the year ago period

Rupee falls 20 paise to 74.54 against the US dollar in early trade

The Indian rupee depreciated by 20 paise to 74.54 against the US dollar in opening trade on Thursday, weighed down by a lacklustre trend in the domestic equity market and firm American dollar

Five years after demonetisation, high value notes comprise 85.7% of total

The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years