Search Results for: rupee
RBI’s Defence of Rupee Depletes Forex by USD 1.90 Billion
November 16th, 2015
The central bank’s attempts to arrest the fall in the rupee’s value due to domestic political uncertainty and a strengthening US dollar drained $1.90 billion from India’s foreign exchange (Forex) kitty, experts said on Saturday. Overall, the Forex reserves ...
DGCX launches to new pairs of Mini Indian Rupee Futures
October 30th, 2014
The Dubai Gold and Commodities Exchange (DGCX), which has commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East., announced the launch of two new pairs of ...
Rupee extends losses against dollar
September 15th, 2014
The rupee-dollar pair hit 61.0875, its highest since September 18. The pair was trading at 61.06/07 versus Wednesday’s 60.96/97 close. Nifty was down 0.6 per cent. Month-end demand from importers further helped the pair. Foreign fund flows will remain ...
Rupee recovers from initial losses, up 2 paise to 60.91 against dollar
September 12th, 2014
The rupee pared its initial losses to recover by two paise to 60.91 per dollar in late morning deals today following bouts of selling of the greenback by banks and exporters. The domestic unit resumed lower at 60.97 per ...
Rupee gains 7 paise against the US dollar in trade
September 3rd, 2014
Snapping its four-day losing streak, the rupee recovered by seven paise to 60.61 against the US dollar in early trade at the Interbank Foreign Exchange market today amid sustained overseas capital inflows. Fresh selling of the American currency by ...
IFC issues $2.5 billion rupee-denominated bonds
August 20th, 2014
The World Bank’s private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. The International Finance Corporation’s (IFC’s) bond ...
Modi at the helm, and the rupee falls
August 12th, 2014
The Indian rupee has plunged almost 5% against the greenback since pro-business Prime Minister Narendra Modi swept to power in May – so what’s behind the currency’s fall and where is it headed next? Foreign exchange strategists point to ...
DGCX to relist Indian Rupee Options contract on July 18th
July 9th, 2014
Dubai Gold and Commodities Exchange (DGCX) has announced the re-listing of its Indian Rupee Options contract. DGCX’s new advanced trading infrastructure, built in partnership with leading global financial technology provider Cinnober, will support trading in the options contract. The ...
Rupee retreats from lows as cbank steps up dollar purchases
July 4th, 2014
Rupee was trading at 59.80/81 versus its close of 59.73/74 as the central bank steps down dollar purchases while a fall in the domestic sharemarket also hurts. Dealers say the central bank has been spotted buying dollars sporadically via ...
Rupee slips against US dollar
June 13th, 2014
The rupee hit day’s low of 59.80 against the US dollar in intraday trade amid sustained bouts of demand for the American currency from banks and importers. Earlier, the rupee resumed lower at 59.31 per dollar as against yesterday’s ...
