FOREX NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Rupee up 10 paise to 68.42 against US dollar  -   13/07/2018 13:32
T he rupee pared its initial gains, while trading 15 paise higher at 68.42 against the American currency in late morning deals on continued bouts of dollar selling from banks and exporters. The rupee resumed sharply higher at 68.32 from yesterday's closing level of 68.57 at the inter-bank foreign exchange here. The Indian unit traded between 68.31 and 68.43 on sustained selling of the US dollar by bank...
Rupee rises against US dollar ahead of key macro data  -   12/07/2018 14:22
T he Indian rupee was trading higher against the greenback on Thursday amid fresh bouts of dollar selling from banks and exporters ahead of release of key macro data. Investors are keeping an eye on Consumer Price Index-based (CPI) inflation and Index of Industrial Production data due to be released later in the day which may give some indication about the health of Asia’s third largest economy. Th...
Rupee falls 12 paise to 68.86 against US dollar  -   05/07/2018 11:56
T he rupee declined 12 paise to 68.86 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market. Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee. Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data. Forex dealers said the...
Rupee pares early loss, up 6 paise at 68.88 against dollar  -   03/07/2018 12:28
T he Indian rupee was trading higher, paring early losses, against the greenback on Tuesday amid fresh bouts of dollar selling from banks and exporters as investor digested macro data. The rupee opened lower at 69.10 from previous closing level at 68.94 per dollar at the inter-bank foreign exchange here. Paring early losses, the local currency was currently trading up 06 paise at 68.88, while it touched...
RBI, FinMin & SEBI must step in to ensure rupee stability: ASSOCHAM  -   02/07/2018 10:39
T he Reserve Bank of India (RBI) and the Finance Ministry should work in unison to ensure that rupee does not face any more significant fall from the current levels, as the country could then be subjected to ‘imported inflation’ resulting from currency depreciation and rising crude oil prices, said ASSOCHAM. “We are sure, the RBI and the Finance Ministry, helped by robust foreign excha...
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