Page 58 - Finance News Analysis

Reserve Bank of India buys net $6.93 bn in currency market in November

The Reserve Bank of India (RBI) bought $7.46 billion and sold $530 million in the market in November, it said in the bulletin which was released on Saturday

Rupee tumbles 20 paise against dollar after Iran attack on US bases in Iraq

At the interbank foreign exchange market, the rupee opened weak and slipped to the 72-mark

Forex reserves at record high of $457 bn on gain in foreign currency assets

During the week, gold reserves increased by $260 million to $27.392 billion

Gold, silver prices rise marginally as rupee falls 11 paise against dollar

Silver prices also gained by Rs 21 to Rs 47,781 per kg, compared to Rs 47,760 per kg in the previous trade

Rupee ends 2019 with 2.28% annual loss at 71.36 against US dollar

The rupee had closed the 2018 year at 69.77 to the US dollar

Forex reserves hit a new high of $451 billion as of Dec 3: RBI governor

Since the beginning of the current financial year, the forex kitty has gained by $38.8 billion as of December 3, the largest in recent year, the governor added

Rupee is the worst performer in emerging Asia as RBI tries to lift economy

The RBI bought has about $18 billion of foreign exchange since the end of September.

Rupee tumbles 28 paise, opens at lowest level since Sept 17 vs US dollar

The rupee on Monday slipped 19 paise to a near one-month low of 71.47 as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.

Rupee opens 8 paise lower against US dollar amid subdued global cues

The domestic unit on Wednesday snapped its three-session winning streak to end at 70.97, down 28 paise.

Rupee opens 5 paise lower at 71.59 against US dollar

The domestic currency on Tuesday dived 31 paise to end at a nearly one-month low of 71.54 due to heavy dollar buying amid fresh concerns over the progress of China-US trade talks.

Rupee opens marginally higher against US dollar amid dip in oil prices

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday.

Rupee plunges to 72 against US dollar for the first time in 2019

The domestic currency on Thursday crashed to an over eight-month low of 71.81, dropping 26 paise as tumbling equities and incessant foreign fund outflows weighed on sentiment.

Rupee can depreciate another 4% against the USD by 2019-end

FPIs have turned negative and the budgetary announcement on tax surcharge has been a factor that has restricted their activity

Rupee gains strength, opens 26 paise higher against US dollar

The domestic currency on Tuesday furthered its loss by another 28 paise to close at a new six-month low of 71.71 as economic uncertainties continued to weigh.

Rupee opens 3 paise higher against US dollar amid steady oil prices

The domestic unit on Monday recovered the lost ground and finally settled 23 paise higher at 69.35 amid the weakening of the greenback against major currencies.

Rupee ends 4-day winning run, drops 88p at 70.46 per dollar on oil price

Forex dealers say the dollar gained strength after the US and China agreed to put off imposition of higher tariffs from January 1 while entering a 90-day period of talks to bring an end to their trade

Rupee opens 18 paise higher against US dollar ahead of US Fed meet oucome

The domestic unit on Tuesday surged by 21 paise to close at 69.70 as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing streak.

Rupee opens 31 paise lower against US dollar as oil prices soar

The domestic unit on Thursday surged 24 paise to close at a one-week high of Rs 69.44 on the back of a rally in equities.

Rupee opens 13 paise lower at 71.90 against US dollar amid weak global cues

The domestic unit on Wednesday lost 29 paise to close at 71.77 as fears of an impending global recession prompted investors to stick to safe-haven assets.

Rupee soars to 3-month high of 64.04 against USD on BJP's poll prospects

This is the highest closing for the home currency since September 13, when it had closed at 64.00