The rupee hovered in a range of 63.45 and 63.31 during morning deals
Sustained demand for the dollar from importers mainly weighed on the local currency
The weakness might be due to the month-end dollar demand from importers
Rating agencies have taken note and upgraded India's rating outlook to positive
The assessment is based on slump in exports, factoring in expectations of a US Fed rate hike by markets and seasonal issues
RBI's FX reserves at all-time high of $ 343.20 bn
Continued selling by foreign investors on worries regarding the controversial tax issue kept the rupee under pressure
60% economists feel RBI will cut rates by 25 bps before June 2 meeting
Comments from stakeholders and others would assist in making the guidelines congruent with the reforms proposed by the govt
Renewed dollar demand from banks and importers in view of higher dollar overseas also affected the rupee value against the dollar
Woohoo, developed by QwikCilver, aggregates currencies including loyalty points and payback, and could be used to purchase from retailers the company has partnered with
According to a forex dealer, banks and exporters preferred to reduce their dollar position in view of heavy foreign capital inflows into equity market
The terms of reference are to review and recommend measures for deepening and widening the money, foreign exchange and g-secs markets
The rupee ended at 62.85 a dollar compared with previous close of 62.92
The currency recovered from more-than three months low of 63.15 to settle six paise higher at 62.85 against the US currency
Rush of foreign money is forcing RBI to buy dollars in spot market and sell them in the forward market
Weak Asian peers, broad dollar strength weighs
The rupee ends at 62.92 compared with its previous close of 62.37 to a dollar
Weak shares, strong dollar overseas pull down rupee
The expectation is that IMD would predict a normal monsoon, which is likely to bring comfort to the bond Street