A significant dip in India’s foreign currency assets resulted in a whopping USD 4.67 billion decline in the country’s foreign exchange reserves.
India’s forex reserves dip by $4.67 billion in week to Dec 16
December 25th, 2011 — Forex, Stock News
Forex reserves fall to $302.1 bn: RBI
December 23rd, 2011 — Forex, RBI, Reserve Bank of India, Stock News
India’s foreign exchange reserves stood at $302.100 billion as of Dec. 16, down from $306.775 billion in the previous week, the Reserve Bank of India said.
Rupee likely to be pegged around 50 to a dollar: Yes Bank
December 22nd, 2011 — Forex, Stock News
For the short-to-mid term the domestic currency may trade lower due to the weak macroeconomic fundamentals, a top official of Yes Bank said.
Indian rupee recoups losses on RBI deputy governor comments
December 20th, 2011 — Forex, RBI, Stock News
The Indian rupee reversed all intraday gains to close steady on Tuesday as traders pared some long-dollar positions.
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Indian rupee recoups losses on RBI deputy governor comments
Rupee hits new record low against dollar
December 15th, 2011 — Forex, Stock News
Rupee continued its downward spiral against the US dollar on Thursday, hitting another record low due to concerns over the eurozone debt crisis
Euro inches up but still close to 11 month low
December 15th, 2011 — Forex, Stock News
The euro rose 0.1 percent to $1.2995 after having fallen to as low as $1.2945 on Wednesday on trading platform EBS, the euro’s lowest level since Jan.
Rupee hits new low, no respite seen for now
December 14th, 2011 — Forex, Stock News
The rupee closed at 53.71/72 to the dollar after briefly hitting an all-time low of 54, which represented a drop of 3.7 per cent from its close last Friday.
