Page 62 - Finance News Analysis

What has caused anomaly in rupee forwards? Traders suspect the hand of RBI

An anomaly in India's currency forwards market is piquing the curiosity of traders. A few theories have sprung up to explain the move

Foreign exchange reserves swell by $1.8 bn to $421.8 bn, shows RBI data

Forex reserves had touched a record high of $426.028 billion in the week to April 13, 2018

Rupee opens 11 paise higher at 69.15 against US dollar

The domestic unit on Monday appreciated by another 44 paise to close at 69.26 in line with a strong rally in domestic equities.

Modi's victory in Lok Sabha polls makes rupee double-edged sword for RBI

With inflows poised to accelerate after the election result, the Reserve Bank of India may have to rein in the currency

Rupee opens 20 paise higher against US dollar as crude oil tumbles

The domestic unit on Friday snapped its three-session losing streak to settle 17 paise higher at 69.70.

Modi win kickstarts rupee bond sales as borrowing costs decline to year low

Billionaire Kumar Mangalam Birla's Grasim Industries Ltd. and UltraTech Cement Ltd plan to raise a combined Rs 7.5 billion ($108 million) selling five-year bonds

Rupee weakens 14 paise to 69.65 against US dollar

The domestic currency on Monday closed with a marginal rise of 2 paise at 69.51 amid a recovery in the greenback against Asian currencies and foreign fund flows.

Rupee opens 12 paise higher at 69.41 against US dollar

The domestic currency on Friday rallied 49 paise to close at 69.53 following a decisive mandate for Narendra Modi-led BJP (Bharatiya Janata Party) in the general elections.

Alibaba or Tencent - Who will win race for 650 mn virtual bank accounts?

Technology giants like Alibaba, Tencent are entering the banking sector which offers at least 650 million digital savvy smartphone owners who use online payment methods regularly

Retail customers can save big on forex costs soon, thanks to the RBI

For now, the facility will be available only for dollars, but more currencies will be introduced later

Rupee strengthens post Modi's landslide victory, set for weekly gain

Modi's thumping win puts his nationalist party on course to increase its majority on a mandate of business-friendly policies

Rupee opens 27 paise higher at 69.75 against US dollar

The domestic unit surrendered all its early gains and closed 36 paise lower at 70.02 on Thursday.

Rupee opens 5 paise higher at 69.67 against US dollar

The domestic unit on Tuesday rose marginally by 2 paise to close at 69.72 in a lacklustre trade as participants preferred to sit on the fence ahead of the results of general polls.

Rupee opens 73 paise higher as exit polls show clear majority for NDA

The domestic unit on Friday declined by 20 paise to close at 70.23 against the greenback.

India's working capital is vanishing and the next PM will need to find it

The world of finance will be keenly watching the election results as the future seems uncertain given the current scenario

Rupee opens 23 paise lower at 70.26 against US dollar

The domestic currency on Thursday surged by 31 paise to close at 70.03.

Microfinance recovers from Andhra nightmare

The future holds out both threat and opportunity. New banking licences which are going to be issued can help microfinance institutions to pursue sustainable growth. But chit funds and ponzi schemes ne

Rupee opens 7 paise higher at 70.27 against US dollar

The domestic currency Wednesday appreciated by 10 paise to close at 70.34, marking the second straight session of gain.

Rupee opens 10 paise higher at 70.34 against US dollar

The domestic currency on Monday recovered 7 paise to close at 70.44 on the back of gains in equity markets.

Rupee recovers marginally, opens 7 paise higher against US dollar

The domestic unit on Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 due to persistent foreign fund outflows and renewed worries over rising crude oil prices.