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Tags : "Forex"

Rupee settles 4 paise lower at 74.84 against US dollar

Mumbai: The rupee fell 4 paise to close at 74.84 (provisional) against the US dollar on Thursday tracking weak domestic equities and strong American currency. At the interbank forex market, the rupee opened at 74.84 and during the session fluctuated between an intra-day high of 74.80 and a low of 74.88 against the US dollar. […]Read More

Rupee settles almost flat at 74.84 against US dollar

Mumbai: The Indian rupee settled for the day nearly flat at 74.84 (provisional) against the American dollar, lower by just 1 paisa on Tuesday. At the interbank forex market, the rupee witnessed high volatility and touched an intra-day high of 74.71 and a low of 74.90 against the US dollar. The rupee which opened at […]Read More

Higher forex kitty to lower borrowing cost, net more foreign

Mumbai: The record high forex reserves of $516 billion, of which $81 billion added since governor Shaktikanta Das has assumed office, will help greater foreign fund inflows and lower the cost of overseas funds for corporates, says a report. Governor Das’ efforts since assuming office in December 2018, resemble those of the Bimal Jalan-YV Reddy […]Read More

India to lose Rs 50,000 crore in forex if solar

Mumbai, Jul 10 () India will lose nearly Rs 50,000 crore in foreign exchange if solar developers are given exemption from basic customs duty on Chinese imports, the All India Solar Industries Association (AISIA) has said. On July 1, Power and New and Renewable Energy Minister R K Singh had said that Chinese imports for […]Read More

Rupee opens 2 paise up at 76.17 against dollar

The rupee on Monday opened 2 paise higher at 76.17 against the US dollar following gains in the domestic equity market and some weakness in the American currency. Rupee quoted in a narrow range in the previous session as uncertainty on the Indo-China border kept the momentum low for the currency. The local currency on […]Read More

India can consider spending FX reserves on health, says Deutsche

By Shwetha Sunil India’s record-high foreign exchange reserves can be used to ramp up public health infrastructure, according to Deutsche Bank. The country’s reserves are set to rise by $30 billion by the end of March next year and this money can be used to upgrade India’s medical facilities, Kaushik Das, Deutsche Bank’s chief India […]Read More

Rupee pares initial gains, settles 17 paise down at 76.20

Mumbai: The rupee pared initial gains and closed 17 paise lower at 76.20 (provisional) against the US dollar on Tuesday amid escalation in border tension with China. In a massive rise of border tension, an Indian Army officer and two soldiers were killed during a violent confrontation with Chinese troops in the sensitive Galwan Valley […]Read More

Rupee opens 10 paise down at 75.94 against dollar

The rupee on Monday opened 10 paise down at 75.94 against the US dollar following weakness in the domestic equity market amid rising Covid-19 cases in the country. Virus cases in the US have also been on the rise in the past few days and that is weighing on the overall market sentiment, according to […]Read More

Rupee settles 5 paise lower at 75.84 against US dollar

Mumbai: The rupee settled 5 paise lower at 75.84 (provisional) against the US dollar on Friday as volatile domestic equities and sustained foreign fund outflows weighed on investor sentiment. Forex traders said risk appetite has waned and there is growing concern about a resurgence of COVID-19 infections. The rupee opened weak at 76.10 at the […]Read More

Rupee settles 20 paise lower at 75.79 against US dollar

Mumbai: The rupee depreciated 20 paise to provisionally close at 75.79 against the US dollar on Thursday as strengthening US dollar and weak domestic equities weighed on investor sentiment. Forex traders said risk appetite remained weak as the US Federal Reserve projected weak growth for 2020. Moreover, foreign fund outflows also dented market mood. The […]Read More