Trades at 61.64 following mild bouts of dollar demand from importers
Trades at Rs 61.56, on offload of greenback by exporters, sustained inflows of foreign funds
Forex traders said strong equity markets mainly supported the rupee sentiment
Higher equities and capital inflows supporting the rupee sentiment, dealers said
The currency has gained by 49 paise or 0.8 per cent in four days
Low wages at state-owned banks had prompted more than a million employees to threaten a four-day strike starting Monday
Sustained demand for the US currency from banks and importers affected the rupee
A weak dollar overseas also boosted the sentiment in favour of the rupee
The rupee appreciated last week due to dollar flows in domestic markets
The central bank had last year asked lenders to only issue debt
The reserves had decreased by $471.4 million to $319.238 billion in the previous week
The currency appreciated taking cues from strong local equities, says Veracity Group CEO
Regulators in New Zealand and Hong Kong said on Friday they were looking into the situation of brokers and banks trading the Swiss franc, following reports of the volatility and losses.
It hovered in a range of 62.00 and 62.20 per dollar during the morning trade
The question has naturally shifted from "...when will the RBI cut..." to "...how much will it cut..."
Though CEOs questioned the size of the cut, the consensus is that Rajan is moving in the right direction
FinMin says move to perk economy