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The rupee continued to falter, retreating from an eight-month high hit last week, to post its second consecutive weekly fall after data showed the trade deficit widened to a five-month high in March...Investors will now be closely eying the consumer
The rupee continued to fall against the American currency for the third day in the morning trade by slipping by another 14 paise to 60.28 on good dollar demand from banks and importers. However, persistent foreign capital inflows into equity market
Besides, a higher opening in the domestic equity market and strengthening of other Asian currencies against the dollar overseas supported the rupee, forex dealers said. Supported by slightly stronger global growth, improving export competitiveness
Over the near-term, we can see the Indian rupee to US dollar range oscillating between 59.30/50 and 60.50/70. Over the last one week, we have seen the Indian rupee traverse within the range of 59.50/70 and 60.40/50 levels to the US dollar on spot.
A clear mandate at the Centre in the ongoing general elections may help the rupee rally to 57-58 level "temporarily", says a report. "If May 16 (election results day) throws up a 'market-friendly' stable coalition government, we do not rule out the
The Reserve Bank of India will soon issue 10-rupee bank notes with the signature of Governor Raghuram Rajan. The notes of 10-rupee denomination in the Mahatma Gandhi Series-2005 bearing the signature of Governor Rajan will be issued shortly, the
The Indonesian rupiah edged up 43 points to close at 11,273 per dollar on Monday evening against 11,316 per dollar earlier. "Indonesias positive economic fundamentals have helped the rupiah strengthen," Bank Mandiris analyst Renny Eka Putri said.
With rupee stabilising over the recent months, market regulator Sebi today revoked certain restrictions it had imposed on dollar-rupee derivative trading in July last year. On July 9, 2013, Sebi in consultation with RBI had doubled the initial
Italian scooter maker Piaggio estimates a fall of around 8% in first-quarter net revenues at current exchange rates , as a weaker Indian rupee deepens a drop in sales on that market. Piaggio said rising sales in the United States and Europe had only
SCB officials have maintained that in the past few months, they have managed to collect close to Rs.6 crore after legal notices were served to consumers. In an attempt to collect water bill arrears, some of which have been pending for over a decade,