'In my 20 years, I have never seen such high rates.'
Rupee gained on increased selling of the US currency by banks and exporters
After completing four days of gains, gold prices spurted here by Rs 400 today to regain the psychological level of Rs 28,000 per ten grams on sustained seasonal buying amid a firming global trend.
Banks and importers preferred to increase their dollar position at the current level, a forex dealer said.
The rupee had lost 11 paise to close at 66.44 against the dollar.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
The services of three lab technicians of the blood bank attached to a government hospital at Sattur, near Virudhunagar, have been terminated,Health Minister C Vijayabaskar said Wednesday.
The domestic currency has gained 9 paise or 0.13 per cent in two days.
Overseas, the US dollar hovered near a three-week low.
The rupee's upward movement was aided by a good dose of dollar selling by exporters and some banks, amid a weak dollar overseas, said forex dealers.
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
United States Defence Secretary Lloyd J Austin arrived in India on Friday on a three-day visit, aimed at further boosting bilateral defence and security ties in the wake of China's growing military assertiveness in the region including the Indo-Pacific.
Sustained demand for the dollar is the reason.
The rupee ended steady against the American currency at 66.19 per dollar at the Interbank Foreign Exchange here today in view of steady dollar in the overseas market.
Launching a fresh offensive against the Congress, Shah said the opposition party is known for its "vote bank" and "appeasement" politics during elections, but Gandhi should answer whether it is above national interest and if such politics can be done over the grief of families of soldiers killed.
The rupee had gained 49 paise yesterday to close at over 4-1/2-month high of 53.02 against the dollar on heavy selling of the American currency by exporters and some banks.
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
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Weakness of dollar in the overseas market also boosted the rupee value, a forex dealer said.
A look at how the teams stack up ahead of the mega auction.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
In the World Bank's rankings on the "Ease of Doing Business" India stands at 139 out of 189 economies surveyed in 2014; its position has in fact dropped from 131 last year.
The rupee had tumbled by 30 paise to close at two-and-a-half-month low of 55.51 against the dollar in the previous session on Friday on sustained demand for the dollar from importers and banks.
The rupee had recovered by 10 paise to close at 55.06 against the dollar on Monday on dollar selling by exporters amid weakness in the American currency in international markets.
silver coins held steady at Rs 52,000 for buying.
Both Purvi Deepak Modi and Neeshal Modi are accused in the $2-billion scam allegedly orchestrated by their elder brother Nirav Modi and uncle Mehul Choksi in Punjab National Bank, they said.
Forex dealer said increased demand for the American currency from oil importers and dollar's gains against other currencies overseas mainly put pressure on the local unit.
India looking at bringing back Choksi under Antiguan law applicable to Commonwealth countries
However, the Indian capital markets regulator rejected the claim saying it neither received any such request, nor provided any such information to the concerned department in Antigua.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
Sustained dollar unwinding from exporters and banks amid weak overseas trend gave a boost to the rupee
The Indian unit opened higher at 66.10 per dollar as against overnight level of 66.30 at the Interbank Foreign Exchange market and firmed up further to 66.04 on initial dollar selling.
Mallya is a fugitive from justice in India, Attorney General Mukul Rohatgi told the Supreme Court.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
The domestic currency had gained seven paise on Friday.
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