The rupee strengthened by 13 paise to 61.67 against the US dollar at close.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
There's sustained demand for the American currency from importers and banks
Traders who pay in rupees generate over Rs 50 crore in daily cryptocurrency volumes. Indians actually invest a great deal more in forex-denominated trades, observes Devangshu Dutta, explaining why it is impossible to ban cryptocurrency.
After a day's respite, the rupee on Wednesday fell by 29 paise, its biggest single day fall in a week, to end at 56.73 today due to heavy dollar demand from importers amid renewed concerns over withdrawal of US monetary stimulus.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
Singapore Exchange plans to launch more India-based products to provide opportunities for global investors interested in tapping the Indian market.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
The ever-astute Ravi Matthai, Director of Indian Institute of Management, Ahmedabad in 1971, offered me a basic salary of Rs 1,000 per month on my return from the United States. I doubt if IIMA could hire a faculty member at Rs 55,000 per month today! points out Dr Shreekant Sambrani.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
India's economic growth had slumped to decade low of 5 per cent in 2012-13.
A lot will depend on how the equity markets in the US play out in April-May this year. A correction there, long overdue, could change all the variables in the current equations, says Sonali Ranade
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The report, however, said a sustained weakness in USD against the emerging market forex remains a key risk to this view.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
Indian bonds remained volatile over the past week on uncertainties over the maiden offshore sovereign bonds issuance, according to a report by DBS Group Research.
State-owned Indian (formerly Indian Airlines) on Wednesday said it has introduced a fuel surcharge of Rs 300 for travel on domestic sectors due to steep hike in aviation turbine fuel prices.
The Standard Chartered Bank has struck an on-shore foreign currency option transaction with Reliance Industries Ltd for $30 million, allowing RIL to hedge its dollar exposure.
India's current account deficit (CAD) is likely to ease to 4.4 per cent of the GDP in the current fiscal year on lower oil and gold prices, Bank of America Merrill Lynch (BofA-ML)said in a research note.
Emerging market currencies including Indian rupee are likely to remain under pressure, though depreciation is expected to slow from here, Barclays said in a research report.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
Upstream firms have a tremendous financial pressure due to selling crude at subsidised rates to oil marketing firms.
A litre of petrol in Delhi will cost Rs 57.31 from Monday.
The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
The dollar is king in an intermediate correction, says Sonali Ranade
Petrol price was cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month.
The largest component in computing CAD is trade deficit. India's trade deficit widened to $13.35 billion in October as exports contracted 5.04 per cent and gold imports surged
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The basis of Ind-Ra's expectation of INR appreciation is based on economic developments in the last one to two months of this fiscal and the likely developments in the remaining months.
Shares of IT major Infosys fell by over 5 per cent after the company slashed its revenue guidance for the second time this year due to its recent performance and "near-term uncertain business outlook".
This is the third increase in two months
The price reduction will be effective midnight tonight, announced Indian Oil Corp
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
Petrol price was on Saturday cut by Rs 0.50 per litre but there will be no change in rates of diesel.
'Demonetisation will push India onto a higher growth path after a temporary dip.'
Infosys, however, cut 2017-18 revenue growth guidance to 5.5-6.5 per cent from 6.5-8.5 per cent in constant currency.
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
