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NAVIN RAGHUVANSHI
Here's how RBI soothed the rupeeState-owned banks were seen selling dollars on behalf of the central bank in the spot market, dealers said. RBI could not be contacted imme...- Black Money: Will you pay more at forex counter?Currency brokers struggled to serve their corporate clients on the day after the government decided to withdraw Rs 500 and Rs 1000 currency...
- Lava International promotes Navin Chawla to COO; names Gaurav Nigam as new head of productThe development comes at a time when Lava is looking to enhance its sales and ramp up after sales service in the country.
- First in FY14: RBI didn't buy dollars in Feb; sold $530 millionThe central bank kept completely away from buying the greenback in February, which was a first in FY14, as per the RBI data.
- Forex experts see rupee gaining this weekThe optimism stems from the reduced volatility in the market since the RBI intervention, though the rupee ended with a loss of 4 paise.
- Rupee bulls likely to face some heat: Navin RaghuvanshiLast week has been exceptionally good for rupee bulls, with the domestic unit strengthening against the dollar by a whopping Rs 1.40
- Rupee seen to hold support at 44.35 and 44.75The dollar-rupee pair closed at 44.51/52 on Friday. The week was extremely volatile with the market swinging alternately between despair an...
- Re falls to lowest in 2 weeks on Asian slumpThe rupee declined to the lowest level in two weeks as Asian stocks dropped and on speculation overseas investment will slow after the comp...
- Rupee gains as G-20 deters interventionThe rupee rose the most in a week after the Group of 20 nations pledged to refrain from intervening in currency markets to support exports.
- Re falls from two-year high as refiners buy dollarThe rupee declined 0.6% to 44.3650 per dollar at the close of trade on Monday. The currency reached 43.96 on October 15, its strongest leve...
- Investors get out of Asian currencies, seek solace in dollarInvestors are getting out of Asian currencies and moving into US dollar which continues to be perceived as a safe haven currency.
- Forex kitty swells $3.9 bn to $272 bnForex reserves rose $3.9 billion during the week ended July 31, on the back of inflows due to corporate borrowing and investment by FIIs.
- FII inflows, ECBs help swell forex kitty by $2.3 bnForeign exchange reserves rose $2.3 billion during the week ended July 17, on the back of inflows as a result of share purchases by foreign...
- Re closes 6-week high at 49.88 against dollarThe rupee had a modest start to the week gaining 12 paisa to close at 49.88 against the dollar
- Rupee gives up some of its early morning gainsThe rupee gave up some of its early morning gains by Monday afternoon, when it rose to its highest level in 6 weeks on back of gains in sto...
- Rupee at 49.85 against dollarThe rupee pared some gains by Monday noon, after rising to its highest level in 6 weeks on back of gains in stocks and upswing in some Asia...
- Bonds rangebound ahead of auctionBonds are trading rangebound ahead of a scheduled auction to take place on Friday.
- Rupee falls by 14 paisaThe rupee was seen losing ground on Monday, trading at 49.01 against the dolllar at 12 noon, down 14 paisa from Friday close.
- Dealers see rupee touching new lows with rise in foreign portfolio outflows: Despite the rupee dramatically losing ground against the dollar in recent weeks, forex dealers say that in the near term its movement is ...
- RBI sells dollars through PSBs to support rupee, say dealersA steep fall in the local currency value today prompted the Reserve Bank to sell dollars through state-owned banks, dealers said.
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