Housing, auto loans may become cheaper from tomorrow as banks to link interest rates to external benchmark
The RBI had on 4 September said that the lenders must link all new floating-rate loans for housing, auto and MSMEs with external benchmark like repo from 1 October.
Rupee slumps 54 paise to six-week low of 69.60 against dollar amid rising oil prices, Sino-US trade tensions
At the interbank foreign exchange (forex) market, the rupee opened at 69.26 a dollar, then lost further ground and touched a low of 69.67 during the session.
Rupee settles 8 paise higher at 69.07 against US dollar on easing crude oil prices and weaker greenback
The rupee movement was confined to a narrow range as forex traders took a cautious approach ahead of the G20 Summit
Rupee drops 18 paise to 69.46 against dollar on strengthening of greenback in overseas markets, rising crude oil prices
Forex traders said that weakened Asian currencies also added to the pressure on rupee
Rupee ends almost flat at 69.28 against dollar after RBI cuts rate; foreign fund outflows, crude oil prices keep pressure on currency
To boost the sagging economy, the RBI Thursday lowered its benchmark lending rate to a nearly nine-year low of 5.75 percent
Rupee furthers gains by 44 paise to 69.26 against US dollar amid hopes of a rate cut by Reserve Bank
The domestic currency opened strong at 69.48 and later rose to the day's high of 69.10 at the interbank forex exchange market
Rupee snaps three-day winning streak; settles 20 paise down at 70.23 as rising crude oil prices weigh on investor sentiment
Forex traders said the decline in the local unit was in tandem with the weakness in other major Asian currencies vis-a-vis the US dollar
Forex dealers said selling of the American currency by exporters and sustained foreign fund inflows also propped up the rupee
At the Interbank Foreign Exchange (forex) market, the rupee opened at 69.48.
Besides, sustained foreign fund inflows also helped the rupee trade higher.
Rupee spurts 43 paise to close at 70.49 against US dollar on positive macro data and easing crude prices
Forex traders said heavy buying in domestic equities and sustained foreign fund inflows also propped up rupee
Rupee's tumultuous year ends with 9% annual loss at 69.77; gains 18 paise on last trading session of 2018
Forex traders, however, said fundamentals are supportive for the rupee over the next 6-12 months amid supportive growth momentum, robust forex reserves.