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  • Rupee opens near two week low against US dollar July 28, 2023 09:26 AM IST

    Rupee opens near two week low against US dollar

    Indian rupee opened weaker and hit near two week low against US dollar tracking losses in the local equity and Asian currencies markets.

  • Rupee opens marginally higher against US dollar July 27, 2023 09:23 AM IST

    Rupee opens marginally higher against US dollar

    The dollar index, which measures the greenback’s strength against major currencies, was trading at 100.84, down 0.05 percent from its previous close of 100.88.

  • Rupee trades flat ahead of key central bank meetings July 26, 2023 09:23 AM IST

    Rupee trades flat ahead of key central bank meetings

    US Fed rate decision on Wednesday where it is expected to hike Rates by 25bps

  • What Benjamin Franklin Learned While Fighting Counterfeiters July 24, 2023 11:03 PM IST

    What Benjamin Franklin Learned While Fighting Counterfeiters

    Benjamin Franklin’s paper money contains flecks of mica, also known as muscovite or isinglass. These shiny patches were most likely an attempt to combat counterfeiters, who would not have had access to this special paper

  • Internationalising INR: Local currency swap deals with trade partners can provide a boost July 24, 2023 11:42 AM IST

    Internationalising INR: Local currency swap deals with trade partners can provide a boost

    Capital account convertibility is neither a necessary nor a sufficient condition for the success of a country’s currency internationalisation process 

  • It’s time to get real about the rupee’s global role July 21, 2023 11:23 AM IST

    It’s time to get real about the rupee’s global role

    Making India an easier place to do business, reversing the return in recent years of protectionist tariffs, allowing Indian tourists more freedom to use UPI overseas without having to bother about the taxman, and deepening domestic financial markets will all yield bigger gains than promoting the local currency abroad with bilateral agreements and photo-ops

  • Rupee opens higher against US dollar July 20, 2023 09:22 AM IST

    Rupee opens higher against US dollar

    The Indian rupee opened marginally higher against the US dollar tracking gains in local equities and Asian currencies markets.

  • Rupee trades higher against US dollar on anticipation of another Fed rate hike July 18, 2023 10:00 AM IST

    Rupee trades higher against US dollar on anticipation of another Fed rate hike

    Indian rupee opened higher against US dollar tracking gains in local equities and Asian currencies market.

  • Rupee closes higher against US dollar July 17, 2023 03:51 PM IST

    Rupee closes higher against US dollar

    Indian rupee closed higher tracking gains in the local equity markets and weak dollar

  • Rupee opens marginally higher against US Dollar at 82.14 July 17, 2023 09:43 AM IST

    Rupee opens marginally higher against US Dollar at 82.14

    Indian rupee opened marginally higher against US dollar on July 17 tracking gains in the local equity markets.

  • Rupee erases morning gains to close marginally weaker July 14, 2023 03:51 PM IST

    Rupee erases morning gains to close marginally weaker

    Indian rupee erased all its morning gains and closed weaker on July 14 amid importers demand against US dollar, analysts said.

  • Rupee opens higher for fifth straight sessions July 14, 2023 09:28 AM IST

    Rupee opens higher for fifth straight sessions

    Indian rupee opened higher for fifth straight sessions against US dollar tracking gains in the local equities and Asian currencies markets.

  • Indian rupee rises as US inflation eases July 13, 2023 03:45 PM IST

    Indian rupee rises as US inflation eases

    Indian rupee closed higher against the US dollar tracking gains in Asian currencies

  • Rupee closes higher for third session July 12, 2023 03:55 PM IST

    Rupee closes higher for third session

    The Indian rupee closed higher for the third straight session against the US dollar, tracking gains in Asian currency markets.

  • Rupee closes higher against US dollar July 10, 2023 03:47 PM IST

    Rupee closes higher against US dollar

    Indian rupee on July 10 strengthened marginally against the dollar amid continued foreign investment in the local equities market.

  • Forex reserves rise by USD 1.85 billion to USD 595.05 billion July 07, 2023 06:05 PM IST

    Forex reserves rise by USD 1.85 billion to USD 595.05 billion

    In October 2021, the country’s forex reserve reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

  • Rupee closes at six week low against US dollar July 07, 2023 03:47 PM IST

    Rupee closes at six week low against US dollar

    The rupee closed at a six-week low against the dollar on July 7, tracking losses in Asian currencies as the market adjusted its expectations for potential rate hikes by the Federal Reserve.

  • Convertibility needs to precede the internationalisation of the rupee July 07, 2023 03:09 PM IST

    Convertibility needs to precede the internationalisation of the rupee

    There are other important prerequisites for achieving internationalisation — the existence of deep and well-functioning domestic financial markets, a trusted legal framework for contract enforcement, low inflation, and stable and predictable macroeconomic policies

  • Rupee closes one month low against US dollar July 06, 2023 03:49 PM IST

    Rupee closes one month low against US dollar

    The rupee on July 6 ended one month low against the US dollar tracking weak Asian currencies after minutes of the latest FOMC meeting hinted at another rate hike this month.

  • Rupee sink's to a month's low against the dollar July 06, 2023 09:29 AM IST

    Rupee sink's to a month's low against the dollar

    The rupee tracked weak Asian currencies after minutes of the latest FOMC meeting hinted at another rate hike this month

  • Rupee trades marginally weaker as oil bills jack up dollar demand July 05, 2023 09:20 AM IST

    Rupee trades marginally weaker as oil bills jack up dollar demand

    Indian rupee weakened for the second session on July 5 as dollar demand from oil companies to pay for imports weighted the currency.

  • Yen firms amid intervention chatter, trading subdued on US holiday July 04, 2023 05:07 PM IST

    Yen firms amid intervention chatter, trading subdued on US holiday

    The greenback was down 0.18% at 1104 GMT to 144.44 yen, after rising 0.27% on Monday.

  • Rupee ends marginally lower against US dollar July 04, 2023 04:11 PM IST

    Rupee ends marginally lower against US dollar

    Indian rupee erased all its morning gains and closed marginally lower against the US dollar even as gains in the local equity and Asian currencies market.

  • Rupee opens higher against dollar after US manufacturing slumps July 04, 2023 09:33 AM IST

    Rupee opens higher against dollar after US manufacturing slumps

    Indian rupee strengthened in the opening trade against US dollar tracking gains in the local equity and Asian currencies market.

  • Rupee closes marginally higher against US dollar July 03, 2023 03:43 PM IST

    Rupee closes marginally higher against US dollar

    Indian rupee closed marginally higher against the US dollar on July 3 tracking gains in the local equities and Asian currencies market.