Tuesday, December 6, 2022
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rupee

India & UAE Central banks discuss trade in rupee and dirham

Central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham to reduce transaction cost

Rupee slips 1 paisa to 82.41 against US dollar in early trade

The rupee slipped 1 paisa to 82.41 against the USD in the morning trade amid the strengthening of the American currency and sustained foreign fund outflows

Rupee falls 39 paise to fresh lifetime low of 82.69 against USD in early trade

The rupee depreciated 39 paise to an all-time low of 82.69 against the USD in early trade as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit

India has fairly large forex reserve to deal with current situation: DEA Secretary

DEA Secretary Ajay Seth dismissed concerns over the depletion of forex reserve, adding that India has a fairly large reserve to tide over the current situation

Many countries interested in bilateral rupee trade: FM

Finance Minister Nirmala Sitharaman has said that many countries have evinced interest in bilateral trade in the Indian rupee

Rupee falls 10 paise to 79.67 against US dollar in early trade

The rupee depreciated by 10 paise to 79.67 against the US dollar in opening trade on Monday, even as the equity market opened on a positive note

Rupee rises 6 paise to 79.86 against US dollar in early trade

The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities

Rupee falls 7 paise to all-time low of 80.05 against US dollar in early trade

The rupee depreciated 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday tracking the strength of the American currency

Rupee depreciates by 25% since December 2014

Indian rupee has declined by about 25 percent since December 31, 2014, and is nearing 80 against the dollar, the Lok Sabha was informed on Monday

Rupee falls 10 paise to 79.23 against USD

At the interbank foreign exchange market, the local currency opened at 79.20 and finally ended at 79.23, down 10 paise over its previous close of 79.13

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