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The rupee gained slightly against the dollar on strong FII inflows on Monday. The domestic currency opened at 45.47 and ended the day at 45.43 against Friday's close of 45.44. "The buoyant stock market has aided the rupee in ...
Investing? Should you ignore exchange rates?
If you are contemplating investing in India, it would be advisable to factor in a 3% annual depreciation of the value of the Rupee vis-à-vis the US Dollar.
Interest rate ceiling on export credit
MUMBAI: The Reserve Bank of India has extended the validity of the interest rate ceiling on rupee export credit to April 30, 2007 from October 31, ...
SBP moves to stabilise dollar-rupee parity
KARACHI: State Bank of Pakistan on Saturday took a bold step to stop the deteriorating dollar-rupee parity in open currency market. Central ban
Rupee seen up as yen rebounds vs dollar
Rupee may edge up on Thursday in line with the Japanese yen and other Asian currencies, but higher crude prices could check gains. Oil prices inched up above $60 a barrel after the Financial Times. Click the following link http://ww4.6URL.com/0Y83 to read the complete article.
The Yen appreciated against the Dollar
The Indian Rupee recovered further as better than expected industrial production data pushed the INR against the Dollar. The USD/INR pair ended at 46.18 from 46.28 earlier. The 6-month and 1-year forward premium was at 1.37% and 1.36% as compared to 1.43% and 1.39% previously. The Yen appreciated against the Dollar, rebounding off 5 month lows after comments of a BoJ member regarding fine adjustments in the interest rates raised expectations that a rate hike might ensue. EUR/USD was at
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