In its first bi-monthly policy, the RBI, in order to enhance hedging facilities for foreign investors in debt instruments, proposed to allow them to hedge the coupon receipts falling due during the next 12 months.
In the forward market, the premium for dollar moved up on fresh paying pressure corporates.
There are actually great similarities between the two PM
The dollar was firm against some global currencies which also weighed on the rupee.
The rupee fell back against the pound to 98.72 from overnight close of 98.48 and turned negative to end at 77.44 per euro from Rs 77.37.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
Lower dollar in the overseas market also boosted the rupee value
Weak equity markets too hit rupee sentiment
The Rupee is expected to weaken further against the dollar.
The RBI recently met with a handful of foreign banks and asked them to stop acting as market-makers for rupee NDFs, according to three bankers involved in the discussions.
Falling for the fourth day in succession, the rupee today dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets.
Travel companies and agencies are offering early bird discounts going up to 40 per cent. Priyadarshini Maji reports
Multi-currency pre-paid cards are a good option while travelling abroad.
Year-to-date, the rupee is the worst-performing currency in Asia, weakening 4.184 per cent against the US dollar.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Dealers attributed the rupee's fall to increased demand for the US currency from importers.
Increased demand for the dollar from importers put pressure on the rupee.
There was fresh dollar demand from banks and importers.
If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.
The rupee has declined by 24 paise in four days of losses.
Ending a four-day upmove, the rupee on Tuesday retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking in stocks.
The rupee continued to rule firm against the dollar for the second consecutive day.
Exchange-traded currency futures volume down 80% since Jun
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
The demand for the US currency from importers outweighed capital inflows and firm local equities.
The rupee continued to slide against the pound sterling and finished at 102.64 as against 102.25 previously.
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
Amidst bankers and industry crying foul over RBI's move to squeeze liquidity, Reserve Bank Governor D Subbarao on Friday met Finance Minister P Chidambaram ahead of first quarter policy review next week.
India's balance of payments in negative territory.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
The rupee on Tuesday weakened by 15 paise to close at 63.30 against the US currency
A weak dollar overseas also aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains, forex dealers said.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
Healthy demand for the American unit from importers and corporate weighed on the rupee
The local currency recovered some ground after the Reserve Bank of India (RBI) was said to have stepped in through state-run banks, helping the rupee to end at 64.30, a fall of 110 paise or 1.74 per cent.
India's record current account deficit has been a key reason behind why Standard & Poor's and Fitch Ratings cut their outlooks on the country's sovereign rating to 'negative' last year.
The rupee on Monday slipped by 5 paise to close at 63.57 per dollar on fresh demand for the American currency from banks.
