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Monday, July 13, 2020

Indian rupee trims initial losses vs dollar,still down 14 paise

September 2, 2013 9:39:03 am

Demands for US currency and slowing economic growth put pressure on the domestic currency.

Remittances by NRIs from Punjab grow up to 10 pct on weak Indian rupee

September 1, 2013 3:22:07 pm

With the Indian rupee witnessing a record fall against the US dollar,the flow of remittances by NRIs from Punjab has risen by up to 10 per cent in the last three months to benefit from the higher exchange rate.

D Subbarao to say good bye to Mint Street after 5 stormy years

September 1, 2013 1:55:00 pm

Career bureaucrat-turned-banker D Subbarao demits office on Wednesday after a 5-year stint as RBI Governor during a tumultuous period of global financial stress that has left rupee plumbing new depths,falling economic growth and high inflation.

Arvind Mayaram meets treasury heads of foreign banks on Indian rupee

August 31, 2013 6:01:51 pm

The meeting assumes importance as foreign banks are big players in the NDF market.

Finance Ministry warns wilful defaulter again,asks banks to nail them

August 31, 2013 2:51:36 pm

In FY'13,banks restructured Rs 75,000 crore loans under the CDR mechanism.

SBI rules out lending rate hike

August 31, 2013 2:20:43 pm

The domestic currency has lost more than 21 per cent against the US dollar since April.

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

August 30, 2013 7:17:32 pm

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

Indian Banks well capitalised to provide for bad loans: Manmohan Singh

August 30, 2013 2:48:26 pm

Indian banking sector has seen some rise in bad loans,Prime Minister admitted.

Indian rupee rises most in 15 years,zooms 225 paise to 66.55 against US dollar

August 29, 2013 7:16:19 pm

The RBI last night said PSU oil companies could buy dollars through a special swap window.

New Rs 5 coins to mark Swami Vivekanada’s 150th birth anniversary

August 29, 2013 5:35:22 pm

RBI said that these coins are the legal tender and the existing coins in this denomination shall also continue to be legal tender.

Another day,a new low: Indian rupee inching to 70 now

August 29, 2013 9:11:15 am

Worries about food subsidy bill had dragged rupee to 66.90 to the US dollar on Tuesday.

Indian rupee breaches 68-mark on food security woes,dollar demand: Sabnavis

August 28, 2013 5:05:40 pm

'Markets fear govt finances will take a big hit as the food security will require huge subsidy.'

‘Irrational sentiment’ impacting rupee value: FinMin

August 28, 2013 3:50:26 pm

Ministry says govt is not planning to ban derivatives trading in the currency market

Kotak Mahindra Bank to open 10 specialised branches

August 28, 2013 3:46:16 pm

The 10 branches would be part of about 100 new branches,the Kotak Mahindra Bank plans to open during this year.

Srei Infrastructure Finance raises its rate by 50 bps

August 28, 2013 11:19:49 am

Rate increases 17.50% to 18% per annum,effective from September 1,2013.

Domestic factors also responsible for Indian rupee slide: P. Chidambaram

August 27, 2013 2:17:03 pm

Chidambaram expresses confidence it will find its 'appropriate level'.

India rupee sees mild recovery as RBI steps in to prop up,say traders

August 27, 2013 1:59:43 pm

RBI was likely selling dollars via state-run banks,starting at 65.90 rupee levels,to prevent it from slipping further,three traders said.

Indian rupee logs worst fall to all-time low against US dollar,closes at 66.24

August 27, 2013 9:20:49 am

The rupee had plunged 148 paise on August 19. The previous lifetime low was 65.56 on August 22.

Indian rupee falls sharply by 100 paise to 64.20 against dollar

August 26, 2013 9:25:18 am

Rupee fell to a record low of 65.56 last week,and has lost more than 14 per cent so far this year.

Indian rupee may gain this week on FM’s pep-talk

August 25, 2013 3:09:01 pm

Dealers also expect that month-demand from oil importers may also weigh on rupee this week.