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Latest Articles in forex

Rupee Makes A Weak Start, Slips 6 Paise Against Dollar

Dealers attributed the fall in rupee to increased demand for the US currency and lower opening of the domestic equity market but the dollar's weakness against some currencies overseas because of the mounting tension between the US and China capped the losses

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Rupee Softens 6 Paise Against Dollar

The rupee had retreated from near one-month high by falling 6 paise to close at 67.42 against the US currency on Friday as sentiment turned bearish ahead of Fed rate decision

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Rupee Good Run Continues, Gains 19 Paise In Early Trade

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. A higher opening in the domestic equity market gave the uptrend some momentum

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Rupee Firmly On Recovery Path, Gains 12 Paise

Forex dealers said that besides sustained selling of the greenback by banks and exporters, the dollar's weakness against some currencies overseas backed up the rupee at the Inter-bank Foreign Exchange

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Rupee Continues Good Run, Gains Another 7 Paise Against Dollar

The rupee firmed up 7 paise to 68.13 against the dollar in early trade on December 5, rising for a fifth straight day on increased selling of the US currency by exporters and banks

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Nepal Bans New Indian Rs 500 And Rs 2,000 Notes

Nepal Rastra Bank spokesperson Narayan Poudel said these notes will be legal in Nepal only when India issues a FEMA notification as per the Foreign Exchange Management Act

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Rupee In Free Fall, Slides 21 Paise To New 9-month Low

Forex dealers said apart from heavy demand for the American currency from importers, persistent outflows by foreign funds and the dollar's strength against other currencies overseas mainly weighed on the domestic unit

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Forex Reserves Down $1.19 Billion To $367 Billion

Foreign currency assets (FCAs), a major component of the overall reserves, dipped by $1.155 billion to $342.772 billion

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Demonetisation Hits Foreign Tourists

The joy of visiting a new country replaced by the uncertainty of being penniless in an unknown place, says a tour operator

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Indian Rupee Seen Weathering Dollar Surge Better Than Most In Emerging FX

While emerging markets currencies have on average lost 4.6 per cent against the dollar since Trump's election victory on Nov.8, the rupee has lost only 2 per cent

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Rupee Tumbles By 20 Paise To 67.94 On Strong Dollar

Sustained greenback buying by banks and importers amid a continued pullout of capital by foreign funds predominantly weighed on the domestic currency

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Rupee Trims Gains, Still Up 3 Paise In Late Deals

The currency opened higher by 6 paise at 67.68 per dollar as against Tuesday's level of 67.74 at the inter-bank foreign exchange market

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Malaysia Demands Foreign Banks Commit To Stop Offshore Ringgit Trading

The letter also asks financial institutions to provide a detailed plan to the central bank of its needs to make ringgit transactions onshore

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Demonetisation: Gulf NRIs Worried About Money Exchange

The currency demonetisation poses problems for non-resident Indians who have accumulated cash in rupees in India; many worried about exchange rates

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Rupee Tumbles 20 Paise On Dollar Purchases, Capital Outflows

A rally in domestic stocks alongside fading Fed rate hike prospects failed to arrest the rupee fall, a forex trader said

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