foreign exchange market

foreign exchange market News

Regulators fine global banks $4.3 bn in forex probe

The US Office of the Comptroller of the Currency, which regulates banks, also fined the US lenders $950 million and was the only authority to penalise Bank of America.

Another day,a new low: Re inching to 70 now

The rupee plummeted to a new low on Wednesday to almost 69 to the dollar on rising concerns of a flight of capital by foreigners invested in India at a time when a sharp surge in oil prices threatens to worsen the country’s current account position

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Re rallies, RBI buys dollar to stem rise

Currency likely to strengthen to 59 level against $.

Global foreign exchange volumes drop in October: BIS survey

Despite the drop in volumes,the BIS analysis showed that the cost of trading currencies had dropped

Rajan pegs CAD at 56 billion,says no reason for R decline

Rajan said there is no fundamental reason for volatility in the value of the rupee.

Indian rupee rises 32 paise to fresh two-month high of 61.07 to the US dollar

A weak dollar overseas and dollar sales by exporters also supported the Indian rupee.

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Indian rupee falls 35 paise to 61.79 against US dollar as stocks decline

The local currency recovered some ground in line with local equities and closed at 61.79.

Indian rupee gains for first time in four days,ends 31 paise higher

The Indian rupee resumed at 62.76 a dollar against the previous close of 62.75.

Indian rupee falls 12 paise to 63.50 against US dollar,snaps 5-day rally

The decline was restricted by sustained capital inflows,a forex dealer said.

Indian rupee gains 85 paise to 65.70 per US dollar after Manmohan Singh's comments

PM was confident growth in this fiscal will rise to 5.5 pct from a decade's low of 5 pct in 2012-13.

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