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The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Iran's rial hits record-low of 100,000 to dollar amid imminent US...

The rial has lost half its value against dollar in just four months, having broken through 50,000-mark for first time in...

29 July 2018 8:00 PM IST

The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

Rupee recovers from record lows, up 9 paise against US dollar

The rupee is under pressure amid rising crude oil and higher inflation.

20 July 2018 12:16 PM IST

The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

Rupee rises 21 paise to 68.36 against US dollar

Fresh selling of the American unit by exporters and banks and fall in global crude oil prices boosted the domestic...

17 July 2018 10:32 AM IST

For the past few days, the rupee continued to outshine the US dollar and ended at a nearly 3-month high of 67.22 yesterday.

Rupee to remain in 68-72 range against USD in short term, says UBS

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week.

3 July 2018 4:00 PM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Rupee slips 11 paise against dollar in early trade

A strengthening dollar against other overseas currencies also kept investors on the edge, forex dealers said.

30 Oct 2019 10:17 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee gains 18 paise against US dollar in early trade

However, strengthening of the greenback vis-a-vis other currencies overseas capped gains for the rupee, forex dealers...

29 Oct 2019 10:01 AM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Rupee inches up 3 paise to 70.91 versus USD

Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains, forex traders said.

23 Oct 2019 7:03 PM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Rupee opens 5 paise higher at 71.38 vs USD in early trade

Forex traders said rupee was trading in a narrow range as market participants remained cautious ahead of the Brexit...

17 Oct 2019 10:50 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee settles flat as US-China trade talks kept investors edgy

The rupee finally settled at 71.07, unchanged from its previous close.

10 Oct 2019 6:50 PM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Rupee pares losses on hope of US-China trade deal; closes 5 paise down

Forex traders said most of the Asian currencies gained against the US dollar on China's offer to buy extra US goods.

9 Oct 2019 6:10 PM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Rupee pares early gains post RBI rate cut

Moreover, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on...

4 Oct 2019 1:50 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises 9 paise to 70.78 vs USD in early trade ahead of RBI policy...

Forex traders said, the rupee was trading higher as investors believe RBI will go for yet another rate cut to boost...

4 Oct 2019 11:13 AM IST