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The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India. Mumbai: The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency. With emphasis on continuous synchronisation of the FEMA operating framework…
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File. | Photo Credit: Reuters The rupee pared initial gains and settled for the day 5 paise lower at 83.18 (provisional) against the U.S. dollar on May 28, amid a negative trend in domestic equities and on dollar demand from importer at lower levels. Forex traders said the rupee consolidated in a narrow range as…
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Image for representation | Photo Credit: C. Venkatachalapathy The rupee appreciated by 7 paise to 83.24 against the U.S. dollar on Wednesday amid softening crude oil prices in the international market. Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and foreign fund outflows. At the…
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A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai. Image for representation | Photo Credit: REUTERS The rupee appreciated by 6 paise to 83.31 against the U.S. dollar on Tuesday amid softening crude oil prices in the international market. Forex traders said, however,…
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Image used for representational purpose. | Photo Credit: Reuters The rupee settled on a flat note at 83.51 (provisional) against the U.S. dollar on Tuesday, as the support from positive domestic markets and favourable inflation data was negated by strong US Dollar and foreign fund outflows. Forex traders said the rupee remains under pressure due…
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File | Photo Credit: C. Venkatachalapathy The rupee opened on a flat note against the U.S. dollar in early trade on May 14, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices. Forex traders said the rupee remains under pressure due to ongoing elections as well…
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Image for representational purposes only. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 10, as the support from positive domestic equities was negated by elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market and…
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The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8. | Photo Credit: REUTERS The rupee was trading in a narrow range against the U.S. dollar in early trade on May 8, amid a negative trend in domestic equities and strong American currency. Forex traders said significant…
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File. | Photo Credit: K. Pichumani The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.30 against the U.S. dollar on April 24, as the support from positive domestic equities was negated by rising American currency. Forex traders said elevated crude oil prices and significant foreign fund…
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File. | Photo Credit: C. Venkatachalapathy The rupee appreciated by 3 paise to close at 83.33 (provisional) against the U.S. dollar on April 23 on positive domestic markets and a soft American currency. At the interbank foreign exchange market, the local unit opened at 83.37 against the greenback. The unit hit an intra-day high of…
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