foreign exchange market

Rupee slumps to record low of 56.57 against dollar (Lead)


June 21st, 2012 - 4:12 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.57 against a dollar Thursday due to increased demand for the American currency by oil importers and ... Read more...

Posted in Business |

Rupee hits record low of 56.55 against dollar


June 21st, 2012 - 3:09 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.55 against a dollar Thursday due to increased demand for the American currency by exporters and weak ... Read more...

Posted in Business |

Rupee again slips below 56 against dollar


May 30th, 2012 - 4:09 pm ICT by IANS
Mumbai, May 30 (IANS) The Indian rupee slipped below the psychologically important level of 56 against a dollar Wednesday, for the first time in almost a week, and is ... Read more...

Posted in Business |

Rupee hits a new low of 55.47 against dollar


May 22nd, 2012 - 8:49 pm ICT by IANS
Mumbai, May 22 (IANS) The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased ... Read more...

Posted in Business |

Rupee dips below 55 against a dollar


May 21st, 2012 - 7:35 pm ICT by IANS
Mumbai, May 21 (IANS) The Indian rupee slipped to a record low of 55.05 against a dollar in the intra-day trade Monday, breaching a key psychological level, as importers, ... Read more...

Posted in Business |

Government trying to resolve rupee crisis: Pranab


May 20th, 2012 - 7:14 pm ICT by IANS
Kolkata, May 20 (IANS) Expressing "great concern" over the sharp fall of the rupee, Finance Minister Pranab Mukherjee Sunday said the central government was trying to resolve the issue."It ... Read more...

Posted in Business |

Rupee dips to new intra-day low of 54.91 to a dollar


May 18th, 2012 - 7:03 pm ICT by IANS
Mumbai/Kolkata, May 18 (IANS) The Indian rupee slumped to a new intra-day low of 54.91 against a dollar Friday even as the Reserve Bank of India assured further intervention in ... Read more...

Posted in Business |

Sri Lanka expects market stability as imports reduced


May 12th, 2012 - 4:18 pm ICT by IANS
Colombo, May 12 (IANS) The Sri Lankan Central Bank said Saturday that it expects stability in the domestic foreign exchange market over the next few weeks following a decision to ... Read more...

Posted in Business |

Rupee falls on IIP figures, impact of RBI action muted


May 11th, 2012 - 9:07 pm ICT by IANS
Mumbai/Bangalore, May 11 (IANS) The rupee fell again Friday closing at 53.63 to the dollar after data showed a fall in factory output for March.The rupee had ended at 53.44 ... Read more...

Posted in Business |

Sri Lankan economy registers record growth


April 6th, 2012 - 3:48 pm ICT by IANS
Colombo, April 6 (IANS) The Sri Lankan economy recorded its highest post-independence growth of 8.3 percent last year beating the previous record of 8 percent in 2010, the Central Bank ... Read more...

Posted in Business |

Japan intervened 5 times in foreign exchange market in Q4


February 7th, 2012 - 3:07 pm ICT by IANS
Tokyo, Feb 7 (IANS) The Japanese government carried out five rounds of interventions into the foreign exchange market in the last three months of 2011, spending about 9.09 trillion yen ... Read more...

Posted in Business |

US stocks stay low for straight day


December 15th, 2011 - 9:02 am ICT by IANS
New York, Dec 15 (IANS) US stocks ended lower for the third straight day Wednesday amid euro zone concerns and data, Xinhua reported.On economic front, the US labor department said ... Read more...

Posted in Business |

Government can do little to check rupee slide: Rangarajan


December 14th, 2011 - 7:35 pm ICT by IANS
New Delhi, Dec 14 (IANS) The slide in rupee, which fell to a new low of 53.75 against a dollar Wednesday, is driven by external factors especially general ... Read more...

Posted in Business |

RBI may revise inflation projection


December 8th, 2011 - 9:57 pm ICT by IANS
Kolkata, Dec 8 (IANS) Stating that it had already factored in rupee depreciation and soaring crude oil prices into its projection of 7 percent overall inflation by March next year, ... Read more...

Posted in Business |

Mexico to auction dollars to prop up peso


December 1st, 2011 - 12:24 pm ICT by IANS
Mexico City, Dec 1 (IANS/EFE) Mexico's currency exchange commission announced forceful action to bolster the peso, saying the central bank will auction $400 million of its reserves on days the ... Read more...

Posted in Business |

India seeks consensus over currency imbalances


October 8th, 2010 - 10:35 am ICT by IANS
By Arun Kumar Washington, Oct 8 (IANS) Indian Finance Minister Pranab Mukherjee has called upon world leaders to resolve global tensions over imbalances in the global currency markets through consensus-building negotiations rather ... Read more...

Posted in Business |

Venezuelan President Chavez says raids expected in currency probe


May 15th, 2010 - 4:05 am ICT by BNO News
CARACAS, VENEZUELA (BNO NEWS) -- Leftist Venezuelan President Hugo Chavez on Friday said that its government will likely carry out raids on people linked to currency websites, as part of a fight ... Read more...

Posted in World News |

Rupee falls to 51.12 against dollar


February 27th, 2009 - 10:37 pm ICT by ANI
Mumbai, Feb 27 (ANI): The Indian Rupee on Friday depreciated to an all time low of 51.12 against the US currency.The Pound sterling also finished higher at Rs. 72.49 at the ... Read more...

Posted in Business |

British pound falls to new record low against euro


December 19th, 2008 - 6:31 am ICT by IANS
London, Dec 19 (DPA) Britain's pound sterling Thursday hit a fresh record low against the euro amid speculation of further interest rate cuts by the Bank of England to help stimulate the ... Read more...

Posted in Uncategorized |

India’s central bank says financial system well regulated


October 11th, 2008 - 2:43 pm ICT by IANS
Washington/New Delhi, Oct 11 (IANS) A day after Indian equities crashed in line with the global meltdown and on worries over declining industrial growth, Reserve Bank of India (RBI) Governor D. Subbarao ... Read more...

Posted in World |

Reserve Bank reduces cash reserve ratio to 8.5 percent


October 6th, 2008 - 8:53 pm ICT by IANS
New Delhi, Oct 6 (IANS) The Reserve Bank of India (RBI) Monday reduced the cash reserve ratio by 50 basis points to 8.5 percent, bringing cheer to financial circles.The central bank said ... Read more...

Posted in Business |

Risk to Indian rupee persists: Moody’s


June 24th, 2008 - 6:29 pm ICT by IANS
New Delhi, June 24 (IANS) Downside risks to the Indian rupee still persists despite some suspected interventions in the foreign exchange market by the country's central bank, global ratings agency Moody's said ... Read more...

Posted in Business |

Japan’s foreign reserves hit record $1 trillion


April 7th, 2008 - 12:58 pm ICT by admin
DPA Tokyo, April 7 (DPA) Japan's foreign reserves rose to a new record in March, exceeding $1 trillion, the finance ministry said Monday. The nation's foreign exchange reserves, the world's second largest next ... Read more...

Posted in World |

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