All stories by Subhadip Sircar
Rupee gains on inflows; high inflation cements rate hike view
Rediff.com16 Dec 2013Forex dealers said besides a lower opening in the domestic equity market on fears of a rate hike by the Reserve Bank, higher demand for the American currency from importers put pressure on the rupee but dollar's weakness against other currencies overseas, capped the fall.
Rupee snaps five days of gains; export growth slows
Rediff.com11 Dec 2013The country's merchandise deficit narrowed to $9.2 billion in November, but exports growth eased to 5.9 percent from 13.5 percent in October, government data showed.
Rupee rallies as BJP leads in exit polls
Rediff.com5 Dec 2013The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
Rupee gains on Power Grid share-sale inflows
Rediff.com4 Dec 2013The gains in the rupee masked a rising sense of caution across markets ahead of the results of elections in several states. Delhi was the latest to hold assembly elections on Wednesday.
Rupee weakens on Fed taper fears
Rediff.com3 Dec 2013The deficit data was the latest in a run of positive signs for the sluggish domestic economy and could put India in a better position should the Fed start tapering, than in the summer when the rupee hit a record low.
Rupee gains on economic hopes
Rediff.com2 Dec 2013The rupee was last at 62.05/06 after gaining to as high 61.9650 against the dollar, its highest since Nov 19. It had closed at 62.44/45 on Friday.
Rupee at two-week high; fund inflows continue to support
Rediff.com19 Nov 2013However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.
Rupee sees biggest one-day gain in seven weeks
Rediff.com18 Nov 2013The gains will provide a much-needed reprieve after the rupee fell for a fifth week and hit an over two-month low last week in trade.
Rupee ends at 63.31 per dollar, up 41 paise
Rediff.com13 Nov 2013Reserve Bank of India Governor Raghuram Rajan, in a hurriedly called press conference, said that the central bank has now routed back most of the dollar demand from oil companies to the market.
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