Page 7 - Currency

Going on eighty: Rupee continues to test new lows against US dollar

It's too early to say if the central bank's recent measures will offer relief any time soon

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

Rupee hits lifetime low for fourth straight day on broad dollar rally

The Indian rupee weakened in opening trade to hit record lows against the greenback for a fourth straight session after data showed US inflation, already at four-decade highs, accelerated even further

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

How the RBI is creating conditions for foreign flows to come back to India

The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI

At $1.00005, euro draws closer to parity as US dollar runs rampant

The dollar index gained 0.3% to as high as 108.56, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades

Asian countries in talks for settling trade in domestic currencies

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

SBI, ICICI Bank up interest rates on certain foreign currency bank deposits

According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent

Rupee falls to a fresh low, just 40 paise away from 80 per dollar

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Rupee at record low as US dollar surges globally, domestic markets fall

Fears of a global recession weigh on the unit despite RBI measures to boost dollar inflow

Rupee's travails: What has led to the fall, and what can Reserve Bank do?

The foremost reason for the currency's fall is the money being pulled out from the Indian economy by the FPIs and FIIs. In the last six months, FPIs have pulled out Rs 2.32 trillion

Rupee slips 41 paise to 79.36; dollar index surges to 2-decade high

Rupee may sink to 82 against dollar in Q3, high trade deficits will be the norm now, says Nomura

Your mutilated banknote is money still: RBI rules for currency exchange

As per RBI (Note Refund) Rules, 2009 no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. Here're RBI rules for exchange you must know.

Risk currencies jump on report Joe Biden likely to ease China tariffs

American President Joe Biden is expected to roll back some tariffs on Chinese imports soon, The Wall Street Journal reported

Rupee breaches 79, sheds 0.9% this week as FII outflows, CAD worries grow

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week

Rupee consolidates against dollar after sharp depreciation this week

Dealers say magnitude of RBI interventions slowed down over past couple of days

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

How rupee shrugged off the fragile tag and outperformed despite shocks

The domestic currency has fared better than many of its emerging market peers

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market