The rupee weakened on Tuesday, hurt by dollar demand from oil firms and companies, but demand for the local currency from custodian banks prevented a sharper slide.
Rupee weakens on oil demand
January 15th, 2013 — Stock News
Rupee hits 3-week low; ends at 55.06 against dollar
December 21st, 2012 — ACE, Forex, Stock News
The partially convertible rupee closed at 55.06/07 per dollar versus its previous close of 54.8450/8550. The unit fell to a low of 55.2550, its weakest since Nov. 29.
Rupee hit by worries of rollback on reforms
September 20th, 2012 — Forex, Stock News
Rupee fell to its lowest in nearly a week on Thursday as TMC withdrew its support, raising worries the government may roll back big ticket reforms such as the hike in diesel prices.
Rupee hit by worries of rollback on reforms
September 20th, 2012 — Forex, Stock News
Rupee fell to its lowest in nearly a week on Thursday as TMC withdrew its support, raising worries the government may roll back big ticket reforms such as the hike in diesel prices.
Euro declines on fading EU summit hopes
June 25th, 2012 — Forex, Stock News
Euro fell to its lowest in almost two weeks & looked set to extend losses as investors doubted a European summit will find a solution to the region’s escalating debt crisis.
Euro declines on fading EU summit hopes
June 25th, 2012 — Forex, Stock News
Euro fell to its lowest in almost two weeks & looked set to extend losses as investors doubted a European summit will find a solution to the region’s escalating debt crisis.
Rupee hits a new low as oil cos, others rush in to buy dollar
June 21st, 2012 — Forex, Stock News
“Overall demand for dollars from oil cos and corporates who have ECB and FCCB payments due in the near term kept the rupee weak,” said Pawan Bajaj, head – treasury, Bank of India.
