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The Indian rupee shed 0.7 per cent to close at its lowest in more than a week on Friday as month-end demand for the US currency from importers and oil firms prevailed over dollar sales by state-run banks. The partially convertible rupee ended at 46.5450/5550...
Tags: market, stock, european markets, share, rupee, oil, global
After resuming on a steady note, the Indian rupee on Wednesday reacted slightly downwards by six paise to 45.80/81 against the greenback in late morning deals. In lacklustre trade at the Interbank Foreign Exchange (Forex) market, local currency opened...
Tags: rupee
The run up in banking stocks in the last few days came to a halt on Wednesday as players cut exposure on falling bond prices. At 2:05 pm, the BSE Bankex was down 376.88 points or 5.50 per cent at 6,475.53. Bank skid 4.53 per cent and State Bank of India...
Tags: stock, sensex, government, global, share, crude, rupee, State Bank of India
The Indian rupee fell to its lowest in nearly two years on Thursday as the dollar strengthened against the euro while a sell-off in Asian stocks raised worries of more outflows from the local share market. At 9:17 am (0347 GMT), the partially convertible...
Tags: stock, stocks, dollar, rupee, oil, asian markets, euro
RBI cant be reformed till it is freed from the burden of fixing the rupee The Indian rupee has continued to depreciate over the last few days. It is strange that even though a weak rupee increases domestic prices when inflation is already hurting badly,...
The rupee eased to a near 1-½ year low on Tuesday, on concerns that a widening trade deficit would put downward pressure on the currency in the coming weeks...It ended at 44.17/18 on Monday. "There is some pressure on the rupee on account of dollar...
Prices of sugar and gold edged up while wheat flour and fuel fell in the skittish Kabul market during the outgoing week, retailers said. Khan Ali, a shopkeeper in the Kart-e-Seh locality west of the capital city, said the rate of a 50-kilogram sack of...
Rupee weakened on Thursday as oil refiners stepped up dollar buying to meet end-of-month commitments. With oil rising to more than $118 a barrel, import payments will rise...Foreigners have been net sellers of $7.4 bn of stocks so far in 2008 after buying...
The Indian rupee dropped to a nearly one and a half year low at 43.72/73, cheaper by another 13 paise against the US currency in morning trade on Wednesday amid a day-long nationwide public sector bank strike. Extending its losses to sixth straight day,...
Gold jewellers in the country are paying gold importers more than double last month's premiums as they scramble to meet a resurgence in demand stoked by a steep fall in global prices and the approach of the Diwali festive season. The rise in premiums...
Tags: gold, country, diwali, gold price, rupee