Rupee ends lower at 64.57

The Hindu Businessline | December 07, 2017 The rupee lost further ground to end at a near two-week low of 64.57 against the US currency, falling by 5 paise on sustained demand for the dollar from importers despite a strong rebound in equities. In early trade, the rupee resumed firm at 64.46 from Wednesday’s close [...]

2017-12-08T10:14:23+00:00 December 7th, 2017|Economy|

Rupee down 14 paise to 64.52 on RBI’s inflation forecast

The Hindu Businessline | December 06, 2017 The rupee today weakened further by 14 paise to close at 64.52 as the RBI's Monetary Policy Committee has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent but has raised the inflation forecast for remainder of the current financial year [...]

2017-12-07T10:37:31+00:00 December 6th, 2017|Economy|

Rupee steady at 64.38 ahead of RBI policy outcome

Economic Times | December 05, 2017 The rupee struggled to hold on to early strong gains and eventually ended the day almost flat at 64.38 against the US dollar amid a caution ahead of the RBI policy decision. The Indian currency soared to a fresh 3-month peak of 64.21 in early trade before retreating sharply… Source:https://economictimes.indiatimes.com/markets/forex/rupee-steady-at-64-38-ahead-of-rbi-policy-outcome/articleshow/61934505.cms

2017-12-06T10:54:37+00:00 December 5th, 2017|Economy|

Rupee Declines by 3 Paise at 64.49 Against US Dollar

News18| December 04, 2017 The rupee was trading down by 3 paise at 64.49 against the US currency in early trade on Monday at the inter-bank foreign exchange as the dollar strengthened in global markets after progress on the US tax-cut proposal. Dealers also attributed the rupee's fall to increased demand for the US currency [...]

2017-12-05T10:36:05+00:00 December 4th, 2017|Economy|

Rupee drops 15 paise to 64.46

The Hindu Businessline | November 30, 2017 Reversing its spectacular three-day rally, the rupee today dropped 15 paise to close at 64.46 a dollar on growing concerns with regard to fiscal deficit and possible extension of crude oil production curb by OPEC. The Indian currency tumbled to a low of 64.63 per dollar during the [...]

2017-12-04T11:34:41+00:00 November 30th, 2017|Economy|

Rupee hits new 2 month high of 64.41, up 9 paise

The Hindu | November 28, 2017 The rupee gained further ground against the US currency and finished at a new two-month high of 64.41, appreciating by 9 paise after sustained dollar unwinding by exporters and corporates. Expectations of robust capital inflows against the backdrop of Moody’s recent sovereign rating upgrade for India largely kept forex [...]

2017-11-29T10:26:46+00:00 November 28th, 2017|Economy|

Rupee jumps 22 paise to scale two-week high of 64.89

Economic Times | November 21, 2017 The rupee on Tuesday rebounded by 22 paise to close at a two-week high of 64.89 against the US dollar cashing in on positive sentiments post Moody's upgrade of India's credit rating.This is the highest closing for the domestic currency since November 6. Heavy selling in the greenback by exporters [...]

2017-11-22T10:54:39+00:00 November 21st, 2017|Economy|

Odisha gets Rs 3,548 crore to develop mineral bearing areas

Economic Times | November 19, 2017 The Odisha government has received Rs 3,548 crore under the District Mineral Foundation (DMF) Trust Fund to carry out development works in mineral bearing areas in the state, a top official said today. "The total contribution received in the DMF Trust Fund till October this year stands at Rs [...]

2017-11-20T15:22:44+00:00 November 19th, 2017|Economy|

Rupee jumps 21 paise to end at 65.21

The Hindu Businessline | November 15, 2017 The rupee today recovered sharply by 21 paise to close at 65.21 against the US currency, ending its two-day slide on fresh bouts of dollar selling even as trade deficit widened alarmingly to three-year high. Domestic currency market largely withstood initial wobble arising from disappointing trade data as [...]

2017-11-20T12:06:15+00:00 November 15th, 2017|Economy|

A bitter harvest: low prices leave farmers seething

 The Hindu Businessline | November 15, 2017 The Narendra Modi government is finding it hard to live up to its promise of doubling farm incomes by 2022 given the challenge it faces in addressing the unremunerative prices of farm produce. The kharif harvest began a little over a month ago, and already the prices of [...]

2017-11-20T11:52:57+00:00 November 15th, 2017|Economy|