Dollar

The Finance Ministry Thursday pegged the exchange rate for dollar at Rs 79.90 for calculation of import duty with effect from July 8, as against Rs 78.95 a fortnight ago. The sharp revision is due to depreciation of rupee against dollar…

The RBI's move is a bold statement on its currency strategy, but one has to wait and see if these measures really bring in the inflows amid a tide in favour of the US, say Nomura Economists. If the measures fail to rein in the rupee, the…

MUMBAI: Falling crudeoil prices, slower pace of selling by foreign funds and a steady global market helped the Sensex post a 617-point gain on Wednesday, closing at 53,751 with FMCG, financials and IT stocks leading the rally. From its…

The Reserve Bank of India (RBI) Wednesday took the first step to attract dollar inflows amid an unabated outflow of portfolio funds, seeking to salvage the sinking rupee from its lifetime lows against the US currency and conserve a…

The rupee, which Tuesday fell to a new record low on unabated withdrawals by portfolio investors amid tightening global monetary conditions, could face further pressure as record external debt comes up for repayment through the course of…

Mumbai: A day after the government reported an all-time high trade deficit of $25.6 billion for June, the rupee hit a new low of 79.37 against the dollar at Tuesday’s close. Analysts have forecast that the current account deficitfor the…

Mumbai: The Reserve Bank of India (RBI) is estimated to have spent more than $41 billion of its reserves since February this year in defending the rupee. As a result of this and the rising crude bill, the reserves — which were enough to…

The Reserve Bank of India is keeping an eye on the rupee, Finance Minister Nirmala Sitharaman said on Friday amid a ballooning trade gap which is posing new risks for the currency. Sitharaman's comments on a day when the Centre…

India tightened exports of oil and imports of gold in an all-out effort to rein in the rupee that plunged to a fresh record. The Centre raised import taxes on gold, while increasing levies on exports of gasoline and diesel as it sought…

Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks' cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government…