Forex Update

Rupee Climbs On Firm Capital Flow Outlook

Mumbai: The rupee inched towards a nine-year high today, as dealers purchased the local unit on expectations for capitalists flows into the securities market, though worries about the fallout from the U.S. mortgage market restricted advancements.

At 9:45 a.m., the rupee stood at 40.69/70 a dollar, mounting from its previous close of 40.79/80. It beat a nine-year record of 40.20 in July.

Rupee Surges on Buoyant Capital Flow Outlook

Indian Currency Rupees

Indian Rupee could Relieve on High Oil Costs

Mumbai: Dragged down by growing oil costs and import payments by refiners, the Indian rupee could relieve today.

July Exports Grow 18.5% Despite Rising Rupee

New Delhi: After being dented poorly by the rupee admiration, the country’s export growth may be on a recovery path.

Rising Rupee will effect Technology Companies: Infosys CEO

Infosys CEO Nandan NilekaniThe challenge for Infosys Technologies is coping wit

Indian Rupee continued its fall

Indian CurrencyRupee remained weak against the US dollar on second consecutive day. The reason behind the fall in Rupee is fresh dollar demand due to fall in markets. Some funds are taking their money out of Indian Markets. The Indian currency was quoting 15 paise lower during early trading hours. However Yen was stronger in overseas markets.