Holding the 56.11 support level is crucial for the rupee

The rupee closed lower at 55.64 against the dollar as risk-averse investors took to buying more dollars, even as uncertainty prevailed over the US Feds decision to continue with the fiscal stimulus programme in the foreseeable future. A continuation of ...

Falling for the sixth day in a row, the rupee on Friday ended 4 paise lower at fresh six-month low of 55.63 against dollar on sustained demand of US currency from exporters and some banks, amid capital outflows in stocks. On a weekly basis, the rupee fell by ...

The Mangalapuram police have registered a case against a father-son duo for allegedly swindling lakhs of rupees from several youngsters after promising them student visas to the United Kingdom. The police identified the accused as Shahul Hameed and his son ...

Amid the rupee touching nearly 9- month low against the US dollar, Reserve Bank of India ( RBI) today said it will continue to take steps to check excessive volatility in the currency market. "Reserve Bank will continue to manage the exchange rates as ...

Rupee is likely to depreciate to 56/USD going ahead depending on the global cues, dollar demand and the capital flows in the country.

If the reform process start to stall in the market, then these types of dynamics could work against the rupee, says Paul Mackel. In an interview with ET Now, Paul Mackel, Managing Director-Head of Asian Currency Research, HSBC, shares his outlook for ...

Source: IRIS (24-MAY-13) Comments | Post Comment Indian rupee is trading lower against the greenback in noon trade on Friday. Rupee was trading down 2 paise or 0.04% against US dollar to Rs 55.60 compared to previous close of 55.58 (12.10 p.m.). It ...

The rupee trading marginally higher at 55.57/58 per dollar compared with its previous close

Rupee is expected to be rangebound in the medium term, but in the short term it may break 56 level if dollar strength continues.