The rupee had plummeted to over three-month low of 63.32.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
In New York market, the dollar continued to weaken against its rivals yesterday on a day devoid of major data releases out of Europe and the US.
A pistol of 9 mm calibre, laptop, mobile phones, USD 2,000, 13,000 in Bangladeshi currency and Indian rupees were recovered from him.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
Who benefits, who loses from the rising rupee, while a boon for travellers and students, exporters may find themselves facing a greater disadvantage.
Rupee climbs further to fresh nine year high of 39.785 against the US dollar
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
The rupee had ended 13 paise higher at 60.92 against the greenback in Wednesday's trade following sustained dollar selling by exporters.
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.
Fresh dollar demand from banks and importers amidst volatile equities triggered the fall
Rupee rises by 16 paise against dollar on fresh selling.
Exports in February fell to $21.55 billion compared with $25.35 billion a year ago
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
Rupee rebounds from one-week low, up 9 paise against dollar.
Remittances to India have gone up in the festive season of Diwali and Eid despite the Indian rupee gaining in strength.
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
The rupee's strength against its competitor could come to haunt exporters.
In the latest large opinion poll, the opposition Bharatiya Janata Party and its allies were forecast to win a narrow majority in the 543-seat lower house of parliament, compared with previous surveys predicting that they would fall short.
Rupee retreats from 3-week high against dollar ahead of Budget.
Reserve Bank of India should introduce interest rate options based on Indian rupee benchmark, a financial derivative instrument, to meet future financing requirements of clients, according to the representatives of leading private banks.
Investors in international funds should have a horizon of more than five years. Not only will this help them overcome equity and currency volatility, it will also help them enjoy better tax treatment, says Sanjay Kumar Singh.
On Monday, the rupee recovered from four-month low by rising 25 paise in its biggest gain in three weeks to end at 60.93 against the Greenback as shares soared ahead of the RBI's bi-monthly policy meet and exporters offloaded dollars.
In New York, the dollar was up last Friday against its major rivals following weak German economic data.
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
Here are the key decisions announced by the Reserve Bank of India on Thursday.
Outbound deal count in the current calendar year fell to 100 from 154 in 2012.
It moved in a range of 59.80 and 59.99 per dollar during the morning deals.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
'Global investors expect the rupee to be more vulnerable in the downturns in the future than ever before,' notes Apoorva Javadekar.
India's software and engineering exports may take a hit and the country may also face larger capital outflows.
Dealers attributed the fall in rupee to dollar's gains against euro overseas
Not only will the move help keep out stray, disinterested walk-ins, but also help maintain our heritage better.
The rupee resumed higher at 60.13 per dollar as against the last closing level of 60.20 at the Interbank Foreign Exchange market, and hovered in a range of 60.07 and 60.18 per dollar before quoting at 60.08 at 1000 hours.
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances