The Indian rupee declined against the U.S. dollar today and is currently ready to show the biggest weekly drop since the beginning of the year as the slump of the U.S. stock markets was followed by the decline in the Asian markets.
Indian Rupee Gains on Global Optimism
February 04th, 2009 at 12:32
Indian Rupee
The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will return to Indian, buying the local assets with the local currency.
Rupee Opens Higher Today on Stocks Revival
January 27th, 2009 at 10:34
Indian Rupee
The Indian rupee advanced against the U.S. dollar during the Forex trading session opening today as the stock markets showed some strength world-wide and the investors used the short-term opportunity to enter the high-risk assets.
Indian Rupee Falls to Record Low
November 20th, 2008 at 10:34
Indian Rupee
The Indian rupee fell to the record low level against the U.S. dollar today as the Asian stock markets followed the path of the U.S. equities and declined strongly; the recession forecasts for 2008 and the first half of 2009 also played their role.
Rupee Declines More as Stocks Tumble
The Indian rupee continued to fall against the U.S. dollar and the Japanese yen today as the Asian stock markets fell again, spurring the outflow of the capital from the emerging markets.
Rupee Falls to Record Low on Rate Cuts
October 10th, 2008 at 9:55
Indian Rupee
The Indian rupee fell to the new record low level versus the U.S. dollar today as the foreign investors pulled out capital out of the country’s markets amid deepening of the global financial crisis.
Indian Rupee Heading for Weekly Gain
The Indian rupee is more likely to end this week in a positive zone against the U.S. currency as the investors expected that the companies’ good reports will attract traders and the conversion to local currency.
Rupee Falls on Oil Demand Speculations
The Indian rupee showed a weakening today at the Forex market as the speculations that the domestic companies will have to buy oil rose in the country.
Rupee Rose on Earning Conversion
May 28th, 2008 at 10:44
Indian Rupee
The Indian rupee rose today as the exporters had to convert their overseas earnings after the India’s currency has been losing significantly to the U.S. dollar in May.
Rupee to Gain 9% This Year on Higher Rates
May 23rd, 2008 at 14:34
Indian Rupee
Fortis Bank analysts expect Indian currency to rise 9 percent by the end of this year as the Reserve Bank of India will have to increase interest rates to fight the accelerating inflation growth.