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Indian guru blames rupee symbol for currency woes
The rupee symbol, unveiled in 2010 during happier times for the Indian economy, is inspired by the letter "R" in the Roman alphabet and "Ra" from the ancient Devanagari script used in Hindi. "India managed to withstand a severe global slump in ...  
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Rupee depreciation will help exporters in long run: Gujral
Notwithstanding concerns over the sliding rupee against the dollar, Finance Secretary R.S. Gujral on Friday said the depreciation of the Indian currency will ultimately help exporters in the long run. "The depreciation of Rupee prima-facie would help ...  
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Rupee depreciation will help exporters in long run: R S Gujral
NEW DELHI: Notwithstanding concerns over the sliding rupee against the dollar, Finance Secretary R S Gujral today said the depreciation of the Indian currency will ultimately help exporters in the long run. "The depreciation of Rupee prima-facie ...  
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Spiritual guru blames rupee symbol for currency woes
New Delhi: Businessmen may blame global troubles or inept governance, but a Hindu guru has an alternative theory for the historic weakness of Rupee: the newly adopted symbol for the currency is inauspicious. Rajkumar Jhanjhari, an expert in the ...  
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Rupee, stocks take GDP slide in stride
Mumbai, May 31: Both rupee and stocks reeled from the shock of the dismal GDP numbers before recovering in the end. While the Indian currency hit a record low of 56.52 to the dollar, intra-day, the Sensex at one time fell 200 points. The rupee ended at 56 ...  
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Rupee up 16 paise at 55.95 against dollar
MUMBAI: The rupee was trading 16 paise up at 55.92 against the dollar due to mild selling of the US currency by banks as it weakened against other currencies in the overseas market. Exhibiting volatile movement in early trade today, the rupee ...  
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Rupee, Market Hit By India's Q4 GDP Data
The Q4 GDP data for India plunged the volatile rupee further in the morning trade Thursday, as the Indian currency hovered near an all-time low of 56.52 against the dollar. The rupee was trading at 56.38/39 at 10 am IST, after testing the 56.52 level in early trade.  
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Rupee swings on rumours, ends day with 13p gain
MUMBAI: The rupee moved wildly in a shallow market, touching a new low of 56.52 a dollar on Thursday amid rumours, denials and speculations. Traders, who shorted the currency on the back of a dismal GDP number, were caught unaware as a buzz ...  
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Intervention From Rupee to Real Shows Focus on Inflation
May 31 (Bloomberg) -- Just three months ago, emerging nations from the Philippines to Brazil were intervening in foreign exchange markets to make exports more competitive. Now they are selling dollars to stem currency declines and quell inflation.  
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Rupee closes at record low of 56.23 against dollar
Mumbai, May 30 (IANS) The Indian rupee hit a record closing low of 56.23 against dollar Wednesday due to increased demand for the American currency by importers for month-end payme...read more at Pluz Media  
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Rupee weakens after 3-day rally, ends 55.67 vs dollar
Rupee weakens after 3-day rally, ends 55.67 vs dollarThe rupee reversed its gains, as oil cos, the largest buyers of dollars in domestic currency market, stepped in to meet their end-of-month requirements.  
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Rupee to Help Bharat Heavy Beat Chinese Rivals: Corporate India
The Indian rupee’s tumble to a record low may help Bharat Heavy Electricals Ltd., the nation’s biggest power-equipment maker, regain market share from Chinese rivals as the weaker currency pushes up import costs for generators. The rupee has ...  
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Rupee hits new record low of 56.50 against dollar
Mumbai, May 31 (PTI) The rupee on Thursday tumbled by 26 paise to trade at a new all-time low of Rs 56.50 against the US dollar in early trade on increased capital outflows and strong demand from importers for the American currency. Traders said apart from ...  
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Hoarding Dollars and bleeding Rupees
Economists from the United Nations, led by Nobel Laureate Joseph Stiglitz, said the Rupee shortage could be solved to some extent by proper management of the foreign currency reserves at yesterday’s forum on ensuring a sound and development-oriented ...  
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Intervention From Rupee to Real Shows Focus on Inflation Fight
Just three months ago, emerging nations from Indonesia to Brazil were intervening in foreign exchange markets to make exports more competitive. Now they are selling dollars to stem currency declines and quell inflation. Bank Indonesia said on ...  
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Rupee recovers from record low; Sensex up
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low of 54.52 against the dollar due to selling of the American currency by banks. The rupee ...  
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Rupee’s Likely Defender: Bond, India Bond
As the Indian rupee hovers near its lowest levels against the U.S. dollar, investors and analysts have been calling for a special bond sale to strengthen the currency. On Monday, the local currency was up from its nadir, trading at 55.36 rupees ...  
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Rupee drops to record low against dollar
KARACHI: The Pakistani rupee on Tuesday closed at a record low of 92.90/95, with sustained pressure on the currency because of increased import payments, especially for oil. The rupee had closed at 92.14/19 on Monday, a record low at the time.  
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Falling rupee makes domestic tourism more attractive
New Delhi, May 29 (PTI) With the sliding rupee making overseas travel 15-30 per cent costlier, local hotspots have become favoured destinations for most Indian tourists this holiday season. As the domestic currency oscillated between 52 to 56 against the ...  
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Rupee to remain under pressure in FY13
LAHORE – Amidst soaring oil import bill coupled with reports that the government has projected a current account deficit of $4.8 billion for FY13, as well as repayment of $2.6 billion to the IMF, the local currency situation in upcoming fiscal year (FY13) will be further aggravated, claimed financial experts on Thursday. With local currency hitting record low of 92.05 against US dollar in ...  
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Why the Rupee’s Slide Isn’t a Shock Absorber
A return to a cheapened drachma would spur Greek tourism and exports. They likely look to India and its falling rupee with some envy. Mr. Prasad says a weak currency isn’t enough on its own, however. You need the infrastructure, policy reform ...  
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Rupee decline fans inflation risk
Mumbai: India's sliding rupee, the worst performing major Asian currency in the past year, threatens to fuel inflation and limit room to revive an economy where growth probably slowed to levels last seen in the 2008 global crisis. The rupee is down 18.1 ...  
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Indian rupee gains for second day; RBI intervenes
MUMBAI May 25 (Reuters) - The Indian rupee headed for a second session of gains on Friday, continuing its recovery from the record lows hit this week, after the central bank stepped in to defend the currency, while exporters and custodian banks ...  
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Rupee slides to record low against US$
May 17, 2012 2:24 AM[MUMBAI] The Indian rupee hit a record low against the US dollar yesterday as risk aversion in global markets added pressure on a currency already under fire from fiscal and current account deficits that are weighing on growth.  
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Video: Economos Says Chinese Yuan, Indian Rupee May Strengthen
May 7 (Bloomberg) -- Andrew Economos, head of sovereign and institutional strategy Asia ex-Japan at JPMorgan Asset Management in Hong Kong, talks about regional stock and currency markets. Economos also discusses elections in France and Greece, and the U.S. economy. He speaks with John Dawson, Susan Li, Mia Saini and Zeb Eckert on Bloomberg Television's "Asia Edge." (Source: Bloomberg)  
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Indian Rupee Continues To Be Volatile, Dips To Four Month Low Due To Trade...
Indian Rupee dropped to four-months-low of 53.83 at midsession before closing at 53.41/42 against dollar on Thursday, despite Reserve Bank of India's's suspected interventions. Rupee has been continuing its steady fall and the analytics are expecting the Indian currency to touch an all time low of 55.00 per dollar within a short period.  
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Rupee weakens
KARACHI – In the currency market, the rupee ended slightly weaker at 90.80/86 to the dollar, compared with Wednesday’s close of 90.78/83 because of increased import payments following international oil prices inching above $119 a barrel on Thursday. The rupee has been supported by remittances, which rose 21.45 percent to $9.73 billion in the first nine months of the 2011/12 fiscal ...  
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Indian rupee at record low
MUMBAI: The Indian rupee hit a record low against the dollar yesterday as risk aversion in global markets added pressure on a currency already under fire from fiscal and current account deficits that are weighing on growth.         
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Rupee Drop Fans Inflation Risk as GDP Growth Slows
India’s sliding rupee, the worst performing major Asian currency in the past year, threatens to fuel inflation and limit room to revive an economy where growth probably slowed to levels last seen in the 2008 global crisis. The rupee is down 18 ...  
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Indian Rupee Hits Historic Low
The Indian rupee fell to a historic low of 56 to the dollar on Wednesday. Traders warned that the currency could slide even further after having already dropped more than 13 percent from its 2012 peak in February. Global risk aversion, brought on by the ...  
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Rupee fall won't hurt India's ratings: Moody's
Reuters Market Eye - Moody's Investors ... given that a falling rupee will raise the cost of paying back foreign currency borrowings. Still, the agency said total private sector external debt is at a "relatively low" 16 percent of GDP, meaning ...  
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Rupee woes highlight economic drift
Now the free-fall by the rupee, Asia's worst-performing currency, appears to be bringing economic worries to a head ... Everybody out there in the business world is feeling shaky," said Assocham when it announced the survey at the weekend.  
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Any good euro news could strengthen Rupee
Daily News & AnalysisAny good euro news could strengthen RupeeDaily News & AnalysisFinancial markets remained shaky last week due to concerns about Greece (non-trivial probability of an exit from the euro zone), Spain (financial troubles) and China (waning growth). In the currency markets, the euro had its biggest weekly loss of 2.1% ...Rupee opens 19 paise higher against US dollarNDTVRupee lost over 18% against the dollar in last 1...  
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Rupee fall: Some gain, but many in pain
Nearly 85 per cent of India’s national income comes from the domestic economy where the currency of trade is rupee. Yet the steep rise in the value of the dollar against the rupee, which has fallen 22 per cent against the former since the beginning of ...  
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Nepali rupee weakens further against dollar
The Indian currency also hit its all-time low of 55.47 against the ... announced on Monday measures to target arbitrage and speculation in futures and options markets, with traders saying this market segment was too small to have a big impact.  
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Rupee up 21 paise at 55.17 after touching 55.02
MUMBAI: The rupee failed to hold on to early gains and eased a little in the late morning trade to 55.17, still up 21 paise, against the dollar due to uneven demand. The Indian currency resumed higher at 55.25 per dollar against the weekend ...  
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UPDATE 2-Indian rupee skids to new low; more falls seen
MUMBAI, May 23 (Reuters) - The Indian rupee slumped to a record low against the dollar on Wednesday, ratcheting up pressure on policymakers to restore confidence in the currency at a time when appetite for risky assets is ebbing around the world.  
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UPDATE 1-Indian rupee hits record low, central bank cautious
Currency traders say the slide in the rupee in recent sessions has been made easier by a cautious Reserve Bank of India, the central bank, which has refrained from heavy dollar selling. "If there is global risk aversion, how can the RBI defend the currency?  
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BRIEF: Indian rupee hits historic low against dollar
May 23--NEW DELHI -- The Indian rupee continued its downward spiral Wednesday to a record low of 56 to the dollar. The currency marked is sixth low in as many sessions, to 56.13 in the afternoon after closing at 55.39 on Tuesday. Analysts ...  
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Rupee pulls back from record low
Mumbai: The Indian rupee continued to slide on Thursday, registering a low of 56.38 against the dollar on strong demand for the US currency by oil companies before pulling back slightly at noon. Traders predict further depreciation in the local currency going ahead.  
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Most global currencies have fallen against dollar
Mumbai: The rupee has been the worst performing currency in Asia during the last 12 months, having fallen most against the US greenback. However , a sharp depreciation has not been peculiar to India with most of the world's major currencies ...  
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Who Cares if the Rupee Keeps Falling?
As the Indian rupee continues to fall in global markets, many respected analysts contend that the weakening currency signals the failure of the economic policies of the Indian government. In an op-ed column last weekend in The Business Standard ...  
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Weak rupee may help dollar earning NRIs, expats
A sharp plunge in rupee value to near Rs 55-56 levels against the dollar may be bad news for the markets and the economy, but the currency’s depreciation may bring cheer to some including, NRIs remitting money from abroad and expats drawing salaries in dollars.  
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Indian Rupee's Free Fall Hurts Stock Investors
MUMBAI – India's currency continued a free fall Tuesday -- propelled to new lows over concerns about the country's economic outlook --, exacerbating losses for foreign investors in India's stock and bond markets. The Indian rupee hit a fresh ...  
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Most currencies have fallen against dollar
MUMBAI: The rupee has been the worst performing currency in Asia during the last 12 months, having fallen most against the US greenback. However, a sharp depreciation has not been peculiar to India with most of the world's major currencies ...  
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Indian rupee: Falls to an all-time low of 54.99 a dollarMonday
Business India News: The Indian rupee on Monday tumbled to an all-time low of 54.99 a dollar, just one paise short of the psychological 55 level in pre-close trade due to increased demand for the American currency from banks and importers. The local unit ...  
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Rupee slides below 56 against dollar
Mumbai, May 23 : The Indian rupee breached another psychological level of 56 against a dollar Wednesday, hitting a new low for the sixth session in a row. This follows persistent demands for the American currency from importers and banks amid rising risk ...  
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Indian Rupee Plunges On Risk Aversion
The rupee slid to 55.39 against the U.S. dollar, compared with 55.03 at Monday's close. The greenback was last quoting at INR55.34. Currency dealers said there was no sign of the Reserve Bank of India intervening to break the rupee's fall.  
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Rupee still in free fall, goes below 56
IBNLive.comRupee still in free fall, goes below 56Calcutta TelegraphMumbai, May 23 (PTI): The Indian rupee continued its free fall for the sixth day in a row, going below 56 against the US dollar on Wednesday to yet another all-time low on heavy demand for the American currency from importers, especially oil refiners, ...Rupee's free fall: Pranab blames eurozone crisis, says RBI will intervene if ...Times of IndiaRupee plunge: Losses double...  
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Eurozone crisis not constructive for high-beta currencies like rupee: Paul...
In an interview with ET Now, Paul Mackel, Asia Head-Currency Research, HSBC, shares his views on the rupee depreciation and outlook ahead. Excerpts: ET Now: What has led to the sharp decline in the currencies? The slide of the rupee is ...  
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Rupee hits a new low of 55.47 against dollar
Mumbai, May 22 — The Indian rupee Tuesday slipped to 55.47 against a dollar, hitting a fresh record low for the fifth session in a row, due to increased demand for the American currency from oil firms and weak cues from global markets. The Indian ...  
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RBI curbs exporter FX holdings to lift rupee
requiring exporters to sell half the foreign currency in their accounts and making it easier for the market to absorb large foreign exchange transactions. The changes came a day after the rupee posted its weakest close against the dollar, and gave the ...  
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Rupee up 4 paise vs dlr after touching all-time low of 55.07
Mumbai, May 22 (PTI) The Indian rupee recovered by four paise to 54.99 after touching all-time low of 55.07 against the American currency in the late morning trade due to mild selling of dollars by banks following following measures taken by RBI to curb ...  
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Indian rupee hits all-time lows vs. dollar
India’s currency fell to fresh all-time lows versus the U.S. dollar on Monday, with analysts blaming everything from risk aversion linked to the potential for a Greek exit from the euro zone, to the Indian government’s lack of measures to ...  
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Indian expats in seventh heaven as rupee slumps to Rs15 vs. Dh1
The beleaguered Indian rupee slumped to Rs14.98 against Dh1 yesterday at 3.30pm UAE time (11.30am GMT) as the Indian currency came under renewed pressure with oil importers swapping rupees with dollars to pay for crude to fulfil the energy-scarce country's ...  
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Meet with PM raises rupee recovery hope
The meeting comes a day after Subbarao indicated that the central ... 55.39 against the dollar after the RBI intervened in early trade when the currency breached the 56-level. At the Interbank Forex market, the domestic unit opened lower at 56.02 against ...  
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Rupee dips below 55 against a dollar
Mumbai, May 21: The Indian rupee slipped to a record low of 55.05 against a dollar in the intra-day trade Monday, breaching a key psychological level, as importers, especially oil firms, increased buying of the American currency to meet month-end demands. - Indiatalkies.com  
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Indian rupee hits new lows
The Indian rupee has fallen drastically over the past week. On Friday, the Indian currency had sunk to a record low against the dollar. It was the third day the rupee had fallen, due in part to ...  
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Indian rupee hits record low of 54.34 against dollar
(MENAFN - The Peninsula) The Indian rupee slumped to a record low of 54.52 against the US dollar yesterday with risk aversion in global markets adding to the ... The move is estimated to lead conversion of around $3bn of foreign currency, especially ...  
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Indian rupee forecast to depreciate to Rs15 to a dirham
Abu Dhabi: The Indian rupee is set to fall further against the UAE currency in the days ahead after it fell to an all-time low of 14.81 per dirham yesterday on global risk aversion and strengthening of the US dollar, currency experts say. "The rupee will ...  
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Rupee slide: Selling dollars to oil companies not ruled out, says Subbarao...
Over the last month, the central bank has taken several administrative measures and has sold dollars in the market in order to prop up the rupee. Last week, it told exporters to sell half the foreign currency in their accounts and made it easier ...  
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Indian rupee will hold at record low
Mumbai: The Indian rupee will hover near record lows against the dollar for the next month or so, but a further significant fall is unlikely following a near ten per cent slide in the currency since February, a Reuters poll shows. Indeed, the currency is ...  
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Rupee defence drains cash at record pace
Foreign-exchange reserves have dropped $29 billion (Dh106.6 billion) from a record in September as the central bank bought rupees to stem the 18 per cent slide in the currency over ... The yuan, whose trading range is controlled by the People's Bank ...  
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Indian rupee hits nadir vs UAE dirham despite RBI efforts
The beleaguered Indian rupee made fresh lifetime lows on Monday against the US dollar - and the dollar-linked UAE dirham - even as the market ignored suspected intervention by the country's central bank to stem the rot in its currency. The rupee traded at ...  
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IF based steel makers in Punjab halts scrap imports on weakening rupee...
Economic Times reported that continued slide in rupee against US dollar has hit Punjab iron and steel industry hard with steel makers deciding not to make fresh import of scrap until the domestic currency stabilizes. All Induction Furnace Association North ...  
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Rupee slide continues, hits new record low of 55.95 per dollar
AFPRupee slide continues, hits new record low of 55.95 per dollarHindustan TimesPTI Continuing on slippery slope, the rupee slid to a new low point of 55.95 against the US dollar at midsession today on persistent demand for the American currency from banks and importers amid weak stock market. The rupee has continued the fall for ...Rupee drops to a new record low of 56 to the dollar, despite RBI actionEconomic TimesWhat next for Rupee...  
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Rupee sinks to new low despite RBI 'intervention'
MUMBAI: The rupee sank to an all-time low against the dollar for the sixth straight day Wednesday, breaching 56 for the first time despite likely intervention by the RBI. The partially-convertible Indian currency fell to 56.18 against the dollar ...  
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Rupee may hit 56/USD over next one month: Barclays Capital
NEW DELHI: The Indian rupee is expected to drop further to 56 against the US dollar over the next one month, due to "limited appetite" of the Reserve Bank to support the currency and weak macro-fundamentals in the country, says a Barclay Capital ...  
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UPDATE 1-Indian rupee hits record low; more falls seen
Despite repeated interventions over the past sessions and a rash of other measures targeting deposits and exporters, the Reserve Bank of India has so far been unable to prevent the falls in the domestic currency. The central bank will continue ...  
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Rupee down 21 paise vs dollar
The rupee on Thursday depreciated by 21 paise to 56.21 against the US dollar at the Interbank Foreign Exchange market in early trade, following strong demand for the American currency from importers amid concerns over deepening eurozone crisis.  
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Indian Rupee Gains On Likely Central Bank Intervention; Bonds Up
MUMBAI (Dow Jones)--The Indian rupee gained against the U.S. dollar Tuesday, rescued by suspected intervention by the central bank after the local currency came within sniffing distance of its record low as risk mood soured. The dollar was at ...  
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Rupee Tumbles 47 Paise to Low of 55.86 Vs Dollar
Continuing its losing streak for the sixth session in a row, the rupee today lost 43 paise to touch a fresh low of 55.82 against the US dollar in early trade due to increased capital outflows amid a strong demand for the American currency by importers ...  
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Rupee sinks to new low of 56.18 despite RBI 'intervention'
MUMBAI: The rupee sank to an all-time low against the dollar for the sixth straight day Wednesday, breaching 56 for the first time despite likely intervention by the RBI. The partially-convertible Indian currency fell to 56.18 against the dollar ...  
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Rupee tumbles to another low of Rs 56
Forex dealers said the American currency remained in demand even as the Reserve Bank imposed restrictions of forward contracts by banks and arbitrage trading ... has been accused of operating four secret warehouses in Delhi to keep clandestinely ...  
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Indian rupee hit by global risk aversion
The Indian rupee weakened to a lifetime low of 54.46 to the dollar on Wednesday, with analysts blaming global risk aversion as much as weaknesses in the domestic economy for the currency’s downward spiral. “Today’s move doesn’t have much ...  
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Indian Shares Erase Initial Gains On Weak Rupee
(RTTNews) - Indian shares fell on Tuesday, erasing early gains, as the retreat in the rupee despite RBI's latest measures to curb speculation in the currency futures market sparked fears of fresh capital outflows. After a brief rebound in the morning ...  
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Gold Prices Hit By Weak Indian Rupee
Gold prices have dropped by more than 10% since February 2012, due to a decline in India’s currency, the rupee. What links gold prices and the rupee? Simple: India is the world’s biggest gold consumer. The World Gold Council says the country ...  
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Rupee free-fall continues; dives to 55.47/dollar
In what is being seen as a free-fall, for the fifth consecutive day, the beleaguered rupee hit a record low of 55.47 before ending at 55.39 against the dollar, owing to continuous demand for the American currency from importers, especially oil refiners ...  
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Rupee hits new low of 55.47 against US dollar, RBI still absent
Rupee set a new low of 55.47 before ending at 55.39 against the dollar on relentless demand for the American currency from importers, especially oil refiners. MUMBAI: Continuing its free fall for the fifth day in a row, rupee set a new low of 55 ...  
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India rupee slumps to life low; may fall more
MUMBAI, May 16 (Reuters) - The Indian rupee slumped to a life low on Wednesday on a wave of global risk aversion amid worries over domestic fiscal and economic challenges. The battered Indian currency, the worst performer among emerging markets ...  
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RBI to take incremental steps for correcting rupee: HSBC
The woes of the Indian currency fail to cease. With every passing trade session, the rupee touched new lows on Tuesday and reached a record low of 55.38 to the dollar, down 35 paise from the previous close of 55.03 a dollar. In an interview with ...  
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Rupee recovers to close at 56 against dollar; more falls seen
But the amount was too small to stem the rupee's fall. As a result, the rupee fell as low as 56.2250, marking the sixth consecutive trading day that the currency has hit a record low. It recovered slightly to close the day at 55.9950/56.0050.  
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Indian Rupee Hits All-Time Low Against the Dollar
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.  
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Depreciating Rupee makes mark on the steel scrap price levels
In its first move after the mayhem in Indian Rupee v/s USD ship breaking scrap market made a quantum jump by INR 1000 per tonne. In a sulking ship breaking scrap market which delved in ambiguity oscillating between the availability and currency valuation ...  
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Indian Shares Fall, Rupee Weakens
MUMBAI -- Indian stocks were thrashed to their lowest in more than three months Monday, as investors continued to fret over unwelcome tax proposals and a sliding local currency amid a wave of global risk aversion. At 0440 GMT, the benchmark 30-share ...  
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Indian Rupee Rebounds After RBI Intervention And Foreign Banks' Profit...
The Indian rupee rebounded on Tuesday after Reserve Bank of India's (RBI) intervention and profit booking by foreign banks, and gained 20 paise. The rupee touched a historic low of 53.975 to the dollar Monday as the American currency ...  
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Personal finance: How does a weak rupee hit your pocket
If you are not a regular stock market investor, all the hullabaloo around the weakening of the rupee against the US dollar may not have hurt you much yet. But don't be so relaxed. A weak domestic currency can affect your finances many ways, by raising your ...  
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Steel makers halts scrap imports on weakening rupee
CHANDIGARH: Continued slide in rupee against US dollar has hit Punjab iron and steel industry hard with steel makers deciding not to make fresh import of scrap until the domestic currency stabilises. "We have decided not to import scrap as ...  
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RBI again falls short in defending rupee
... that net overnight open position limit for the rupee should not include positions taken in the currency futures and options segment. The announcement had the same effect as its previous actions, which is to say not much. On Tuesday the ...  
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Chinese Yuan, Indian Rupee May Strengthen
May 7 (Bloomberg) -- Andrew Economos, head of sovereign and institutional strategy Asia ex-Japan at JPMorgan Asset Management in Hong Kong, talks about regional stock and currency markets. Economos also discusses elections in France and Greece, and the U.S. economy.  
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Indian c. bank orders exporters to convert half of forex earnings into rupee...
NEW DELHI, May 11 (Xinhua) -- India's central bank, the Reserve Bank of India (RBI), Thursday ordered exporters to convert half of their foreign exchange earnings kept in bank accounts into Indian rupee to prop up the national currency, the Economic Times ...  
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RBI tells exporters to sell dollars to give rupee a leg up
MUMBAI: The Reserve Bank of India ordered exporters to convert half of their foreign exchange earnings kept in bank accounts into Indian rupee to prop up the worst-performing BRICS currency, a day after it closed at a record low, prompting fears ...  
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Asian Currencies Drop, Led by Rupee, on Greek Political Tension
“Greece’s political struggle is the main issue in the market today, but declines in the won will be limited with exporters waiting to sell the dollar once the won weakens,” said Lee Yong Hee, a Seoul-based currency dealer at Industrial Bank of Korea  
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Rupee hits record low on India worries
Despite repeated attempts to support the currency by India’s central bank this week, the rupee dropped to Rs54.51 in morning trading, according to Reuters data, breaking a previous low hit late last year. The sell-off follows heightened risk aversion ...  
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Indian rupee hits 6-month low
MUMBAI, May 7: India’s rupee slid to a near six-month low against the dollar on Monday, prompting the central bank to intervene to prop up the struggling currency, traders said. The Indian unit fell to an intraday low of 53.74 rupees to the ...  
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India Central Bank Limits FX Holdings Of Exporters To Arrest Rupee's Slide...
(RTTNews) - The Reserve Bank of India, or RBI, on Thursday urged all foreign exchange earners, including exporters, to convert 50 percent of their foreign exchange holdings into Indian rupee in an attempt to curb the recent plunge in the currency.  
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RBI officials resigned to weaker rupee
The RBI's attitude to the rupee is important because it can provide foreign exchange dealers with an indication of how much room they have to keep selling the currency. The rupee has shed 9 percent since March, the biggest fall among major Asian ...  
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Indian rupee slides to 4-month low
INDIA: The Indian currency hit a four-month low this week at 53.47 to the US dollar. Analysts said it has come under pressure due to high crude oil prices, global uncertainty, weak domestic economic numbers and lack of external capital inflows ...  
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Indian rupee gains on GAAR delay; RBI intervenes
Worries about India, especially about its widening current account deficit ... while the disappointing U.S. jobs data is also adding to the caution. The RBI's actions on Friday to relax the interest rate ceiling on certain foreign currency ...  
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Indian rupee ranged; poll predicts more fall
MUMBAI, April 26 (Reuters) - The Indian rupee was range-bound on Thursday, consolidating after recent falls with selective demand from oil importers, but traders warn the currency is likely to remain under pressure in the near-term. India's ...  
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Indian rupee falls for 3rd week; may weaken more
MUMBAI, April 19 (Reuters) - The Indian rupee fell for a third consecutive week as investors trimmed holdings on the country's weak economic outlook and fears more pain was in store for the currency given limited fiscal and monetary space for ...  
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RBI reaches out to NRIs to lift rupee; raises interest rates on deposits in...
MUMBAI: Buffetted by a sliding Indian rupee and surging dollar demand for imports, the Reserve Bank of India on Friday eased some curbs to attract dollars from NRIs and scrapped the interest rate ceiling on exporters' foreign currency credit.  
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Breaking Down the Currency Markets
Breaking Down the Currency MarketsForexrazorHigh-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ...and more »  
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Euro area unemployments hits 10.9 percent, highest since currency launched in...
Investment EuropeEuro area unemployments hits 10.9 percent, highest since currency launched in 1999Washington PostBRUSSELS — Unemployment across the 17 countries that use the euro rose to 10.9 percent in March, its highest level since the euro was launched in 1999, official figures show. The rate was up from 10.8 percent in February and 9.9 percent a year ago, ...Eurozone unemployment reaches highest level in currency's historythejournal...  
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China Decades Away from a Reserve Currency
China Decades Away from a Reserve CurrencyWashington PostMay. 1, 2012 - Tim Adams, managing director at the Lindsey Group, talks about the outlook for the yuan and political tensions in China. He speaks with Scarlet Fu on Bloomberg Television's "InBusiness." (Source: Bloomberg) (/Bloomberg) Correction: ...and more »  
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Berko: Coins aren't worth a mint
MarketWatchBerko: Coins aren't worth a mintGoErie.comDear Mr. Berko: During the past 25 years, I purchased over $47000 in collectible silver coins and beautiful nonsilver coins from the Franklin Mint for my retirement because I thought the scarcity and limited edition minting of these coins would drive ...New Canadian coins rejected by machinesMarketWatchExperts say a transition to one-dollar coins would benefit state economyUI The Daily...  
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Australian currency slips as US manufacturing pace surprises traders
Globe and MailAustralian currency slips as US manufacturing pace surprises tradersThe AustralianCurrency markets were also adjusting to yesterday's surprisingly deep cut in interest rates by the Reserve Bank of Australia, and markets continued to price in further cuts through 2012. The RBA yesterday cut rates by 50 basis points, not the usual ...The OPP Currency Report with Moneycorp: 50 basis point cut for Aussie dollarOverseas Property...  
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China central bank sets yuan at new high, but market unmoved
China Business WatchChina central bank sets yuan at new high, but market unmovedReutersBy Pete Sweeney | SHANGHAI (Reuters) - China's central bank set the yuan's midpoint at a historical high for a third consecutive trading day on Wednesday, but spot yuan prices stayed put, causing the currency to trade well below the fixing for the ...China Yuan Up Late On 3rd Straight Record FixingWall Street JournalChina Yuan Gains on Record Fixing Before...  
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