Rupee settles 14 paise down at 71.02; profit booking in domestic equities, foreign fund outflows keep investors edgy
The rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy
Rupee ends flat at 70.88 against dollar after RBI rate cut; local currency slumps 32 paise over a week
The rupee on Friday closed almost flat at 70.88 against the US dollar after the Reserve Bank of India in a widely expected move cut key interest rates by 0.25 percentage point
The Indian rupee dipped 3 paise to close at 71.04 against the US dollar on Wednesday amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased
Logging its first fall in eight sessions, the Indian rupee on Monday plunged by 68 paise to 71.60 against the US dollar amid concerns over soaring crude prices following drone attacks on Saudi Arabia's oil facilities
The rupee depreciated by 15 paise to close at 68.97 against the US dollar on Thursday, amid heavy selling in domestic equities and rising crude oil prices
India will soon have representation in the Global Foreign Exchange Committee (GFXC) of various central bankers and experts that have been recently formed to work towards the development of a transparent global foreign exchange market.
The RBI may gradually relax curbs on intra-day trading limits in foreign exchange with an aim to facilitate "genuine" hedging requirements.