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Indian Rupee Hits Record Low Amid Middle East Concerns And Fed Rate Speculations

The Indian rupee plunged to a historic low as trading opened on Tuesday, echoing declines seen across Asian currencies. This downward spiral was fueled by mounting anxieties surrounding a potential escalation of tensions in the Middle East and growing expectations that ...

Rupee Ends At 2-Month High Of 72.43/US Dollar; Bond Yield At 6%

Rupee ended at an over two month high on robust gains in the Indian equity market, wherein it touched a new record high on the Nifty. The Indian currency today settled at 72.43 per US dollar versus its previous close of ...

Rupee Opens Higher Below 73/$, US Dollar Index Slips Below 90

Rupee in trade on May 21, 2021 opens higher at 72.98 higher on likely gains in the equity market. In the previous day rupee ended at 73.1 per US dollar. The US dollar index has now gone below 90, which can ...

RBI eases norms to buy immovable property abroad

Reserve Bank said individuals can also use funds under Liberalised Remittances Scheme (LRS) to buy immovable property abroad. Encouraged by an improvement in the forex market, the Reserve Bank on June 3 had raised annual overseas investment ceiling for individuals ...

Rupee rallies to over 2-month high at 60.92

The rupee rallied to a two-month high of 60.92 against the US dollar in late morning deals today on persistent selling of the dollar by banks and exporters on the back of sustained capital inflows from foreign funds. The domestic ...

RBI to relax norms for forex futures after rupee stabilises

NEW DELHI: Reserve Bank today said it will look at easing restrictions on the forex futures market once stability improves in the foreign exchange market. "Once the stability improves in forex market, we will look at the whole gamut of ...

NDF mkt crackdown, Rajan effect helping Re stabilise: Experts

Mumbai: The reported crackdown on speculative trading in the non-deliverable forward (NDF) market by the government and steps taken by recently-appointed RBI Governor Raghuram Rajan brought stability to the forex market last week, analysts and treasury heads say. NDF is ...

Rupee at current level is well corrected: Rangarajan

New Delhi: The rupee at the current level is "well corrected" and it will gain further with stability returning to the forex market, Prime Minister's Economic Advisory Council Chairman C Rangarajan on Friday said, amidst volatility in the exchange value of ...

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