Dollar weakened yesterday as optimism over Greece and upbeat Chinese mfg survey undercut its safe-haven appeal
It will enable both the countries to swap their local currencies against the US dollar for an amount of up to $15 bn
RBI dubs the 10 years from 2010-2020 as the 'decade of retirement'
The euro, which hovered at seven-week high against the American currency overseas, supported the rupee
The rupee will appreciate further if the FDI is cleared today
SBI's very own 'Kingfisher man'
RUPEE-INDIA-DOLLAR:Rupee edges higher as govt wins retail FDI vote
Strengthening of euro, which hovered at 7-week high against the American currency overseas, supported the rupee
Says govt winning the FDI vote in LS is a good sign it can push through other reforms
The currency rose for a third session today, marking its sixth rise in seven days
The rupee swung between 54.04 and 54.58 during the day at the Interbank Foreign Exchange (Forex) market
There's a fresh demand for the American currency from banks
The rupee strengthened for the third straight day and hit a one-month high on Thursday on expectations the Congress-led UPA govt will win the voting session on retail FDI
This is due to selling of the American currency by exporters and banks
The central bank intervenes in forex market to arrest any excess currency volatility