The euro skidded to a 6-week low of 133.700 yen in the early session.
A continued focus on low inflation will be important to keeping gold imports, IMF said.
Fed is expected to deliver a more market-neutral statement
Asian Games silver medal-winning sailor Sweta Shervegar, a qualified homeopath, dons a PPE kit to become a COVID warrior in Mumbai.
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.
'SARS-CoV-2 is going to change to avoid/overcome any thing thrown at it.'
The Rupee is 3.7 per cent undervalued on trade related basis.
A golden dream unfulfilled for over 30 years remained just that in women's hockey but India equalled its best ever medal haul as sailors joined the assorted contributors to the country's tally at the 18th Asian Games, on Friday.
The show has been nominated in a massive 24 categories.
Weakness in other currencies against the dollar overseas, after US Fed indicating interest rates could rise earlier than expected as the jobs market picking up, also put pressure on the local unit, forex dealers said.
The rupee had plunged by 19 paise to close at over 3-week low.
Once fierce rivals, Thakkar and Ganapthy, on Friday, joined forces to clinch a bronze medal in 49er event after finishing third with 43 net points.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
A quick look at the winners.
Following is the schedule of Indian contingent on the seventh day of the Asian Games on Saturday.
The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Rupee ends at 61.89 against the dollar, falls for second straight day.
The partially convertible rupee closed at 61.31/32 per dollar, unchanged from its Tuesday close.
'Rawalpindi must downsize its quest for 'strategic depth' in Afghanistan and Kashmir,' suggests Matein Khalid.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
Data showing foreign institutional investors have slowed their purchases in domestic shares further added to the weak sentiment.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
Strong currency and sagging oil prices are spooking policymakers.
The hype surrounding the Budget gives it undue importance.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
Middle class and first time smartphone buyers in emerging markets such as India and China were among the major drivers of iPhone sales in January-March period
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
A gradual weakening of the rupee, however, may add to inflationary pressures.
Henry Kravis, co-Chairman and co-CEO of private equity giant Kohlberg Kravis & Roberts (KKR), which has over $195 billion assets under management and a balance sheet of $16 billion visited Mumbai recently for a closed conference where he shared his views on the new governor at RBI, what India needs to fix, and PE's prospects for the long term.
A look at the top tweets from your favourite Bollywood celebrities.
For a change, glamour goes rural as exhibitors glam up their products meant for India's villages.
Venugopal talk about his life as a matte painter and compositor and his work on Christopher Nolan's Oscar-winning film.
Cases that have come to light since the Weinstein scandal broke on October 5.
