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Hemal Doshi

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  • Business

Bank strike: Traders see thin volume in forex mkts

Volume and liquidity in the forex markets were low on Wednesday due to strike by public sector bank employees, traders and treasury officials said."Most probably, big banks have stayed away from......

Rupee loses 45 paise against USD

Falling for the third day in a row, the rupee on Friday dropped 45 paise to end at 55.42 despite Reserve Bank of India intervention, as demand for the US dollar rose following signs of global......

Rupee ends a tad weaker ahead of Fed meet outcome

The rupee ended slightly weaker on Wednesday as caution prevailed ahead of the outcome of the U.S. Federal Reserve's policy meeting later in the day, although broader sentiment remained positive......

Rupee rebounds from 9-month low to end at 61.94

The rupee ended nearly flat on Thursday after a fall to a nine-month low had sparked mild intervention from the Reserve Bank of India (RBI), as emerging market currencies were hit by a weak reading......

Rupee gains on large dollar sales by cos

The Indian rupee strengthened on Tuesday on large dollar sales from companies, including exporters, while gains in Asian currencies helped support sentiment ahead of the outcome of the Federal......

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