Forex Update

Rising Re Value, Scaling Sensex Is A Big Worry, Says Chidambaram

Finance minister P ChidambaramNew Delhi: Finance minister P Chidambaram has

Rising Stock Market Cheers Indian Rupee

INDIAN_RUPEEMumbai: The Indian currency made a late recovery to close a little bit strong

Rupee’s Path Blocked By Suspected RBI Intervention

INDIAN CURRENCYMumbai: The traders said that the suspected RBI interference has bloc

Indian Currency Reaches 91/2-Year High

INDIAN_CURRENCYMumbai: Indian Rupee remained strong against the US dollar amid weakn

Asian Cues, RBI Intervention Doubts Relieves Indian Currency

Mumbai: Indian rupee slipped to its lowest in two weeks today, accompanying the positive behavior of other Asian currencies versus dollar earlier than key U.S. statistics this week, and on worries regarding RBI involvement.

In morning trades, the partially convertible rupee stood at 39.860/865 per dollar, off an early low of 39.90 but still under its last closure (on Monday) of 39.85/86. Markets remained closed on Tuesday for a holiday.

Last week the rupee ascended to a high of 39.62, its all-time peak since April 1998.

Indian Currency Slips From All-Time Highs, RBI Hand Seen

indian_currencyMumbai: The rupee dropped off from nine-and-a-half year peaks on yesterday, driven lower by suspected central bank interference and some short covering by capitalists, even if flows into the stock exchange limited losses.

The partially convertible rupee ended at 39.8450/8500 per dollar, dislocating from its last day close of 39.71/72, when it hit a high of 39.62 in early trade its most accented since April 1998.