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Global Forex Mania

Global Forex Mania
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Rupee at 2-½ month lows on dollar squeeze
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The rupee fell to its lowest level in 2-½ months on Wednesday as a dollar shortage in the market and concerns about foreign funds selling stocks prompted banks to sell the local unit.
More About: Dollar , Rupee , Squeeze , Month
Turmoil in financial markets pushed gold to dizzy heights
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Gold prices zoomed past all previous records to open at a new peak of Rs 13,500 in the bullion market here today on brisk buying by stockists, influenced by strong global cues.
More About: Gold , Markets , Financial
Re gains 12 paise, premia jump
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The rupee rose against the dollar on Wednesday, riding on the wave of positive global sentiment caused by US Fed’s announcement of injecting liquidity into ‘strained credit markets’.
More About: Jump
Rupee seen lower on oil, weak equities
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The rupee could come under pressure on Thursday on expectations of a fall in the stock market, and as record-high oil prices push up dollar buying by crude refiners and raise concerns of a widening trade deficit.
More About: Lower , Equities , Rupee
Dollar hits 12-year low vs yen, euro sets new record
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The dollar slumped to a 12-year low against the yen and to a new all-time nadir versus the euro in Asian trade Thursday as traders bet on a hefty cut to US interest rates next week.
More About: Euro , Dollar , Sets , New Record , Hits
Rupee falls by 16 paise against dollar
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The rupee on Monday fell by 16 paise to 40.68/69 against the greenback on sustained dollar buying by banks and bearish equity markets.
More About: Dollar , Rupee , Falls
Rupee slips on near-record oil
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The rupee eased in early deals on Tuesday, tracking losses in other Asian currencies, with investor appetite for the local unit dampened by concerns about US credit markets and near-record oil prices.
More About: Rupee , Record
Stocks help rupee recoup early losses
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The rupee recovered early losses on Tuesday, helped by the stock market's unwinding of its opening fall, but weakness in most Asian currencies and record oil prices were expected to limit any gains.
More About: Stocks , Early , Rupee , Losses
Rupee eases as market eyes local stocks for cues
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The Indian rupee eased slightly in midday trade on Tuesday, as traders eyed near-record oil prices and the see-sawing local stock market for cues.
More About: Stocks , Eyes , Market , Local , Rupee
Strong stocks boost rupee, yields weak
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The rupee shrugged off early losses to rise in tandem with the Sensex on Tuesday.
More About: Stocks , Rupee , Boost , Strong
Dollar eases back in Asia
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Dollar eased back against major rivals in Asia n trade on Wednesday as an overnight rally sparked by central bank action to bolster ailing credit markets ran out of steam.
More About: Dollar , Back
Rupee may get boost from equity rally
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The rupee could ride a rally in global equities on Wednesday after the US Federal Reserve and other central banks injected cash into strained credit markets, but record-high oil prices may cap gains.
More About: Rally , Rupee , Boost , Equity
S&P launches India, China currency indices
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Standard & Poor's said on Wednesday it has launched two real-time indices to track Chinese and India n non-deliverable forward currency contracts.
More About: China , Currency
US dollar ends cheaper against rupee
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The US dollar ended cheaper against the rupee at Rs 40.33/34 per dollar and the pound sterling also finished lower at Rs 81.33/35 per pound at the close of the Interbank Foreign Exchange (FOREX) market on Wednesday.
More About: Dollar , Rupee , Ends
Singapore dollar hits record high against US dollar
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The Singapore dollar rose to a record high Thursday against its US counterpart as the greenback continued its slide against major currencies.
More About: Dollar , High , Hits , Record
Rupee sinks to 6-month low against dollar
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Gold is likely to glitter more in the bullion markets as there is no sign in sight of bulls returning to stock markets.
More About: Dollar , Sinks , Rupee , Month
Rupee-hit seafood trade seeks support from govt
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The seafood export industry in the country has appealed to Prime Minister Manmohan Singh to provide policy support to help the industry to come out of the worst crisis in its 50-year history.
More About: Seafood , Support , Trade , Rupee , Govt
Global woes pull rupee down
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The local currency closed at 40.72/73 levels versus the dollar, a sharp fall from Friday’s close at 40.43/44 levels.
More About: Global , Rupee , Pull
Rupee slips on uncertain stock outlook
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The rupee slipped sharply in early deals on Friday as oil companies bought dollars and on uncertainty about the stock market, which dropped to a six-month low in the previous session, persisted.
More About: Outlook , Stock , Rupee
Rupee pares losses as stocks bounce
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The rupee eased on Friday as oil refiners bought dollars, but came back strongly from the day's low as shares bounced from the previous session's six-month closing low.
More About: Stocks , Bounce , Rupee , Losses
Rupee eases as stocks slide to 6-month low
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The rupee fell on Thursday as the stock market slid to a six-month closing low in tandem with global equities, but banks and exporters sold dollars limiting the Indian unit's drop.
More About: Stocks , Slide , Rupee , Month
Rising yen gives companies the jitters
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Corporates will face tough questions from auditors and soon find it hard to mask their derivatives losses.
More About: Companies
Most yen borrowers left high and dry
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With the dollar falling against all major currencies due to rising recession fears, all bets have gone awry for many local companies.
More About: Left , High
Falling stocks take Rupee along
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The meltdown in the equity market, coupled with the Japanese yen reaching a 12-year high against the dollar, caused immense volatility in the local forex market. The rupee fluctuated by 21 paise during the day, responding to such cues.
More About: Stocks , Rupee
Rupee eases on Asian markets
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The rupee slipped sharply on Thursday, as near-record oil prices and a decline in local equities that tracked sliding markets across Asia dampened appetite for the rupee, dealers said.
More About: Markets , Asian , Rupee
Rupee up tracking equity gains, oil weighs
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The rupee rose on Wednesday, bolstered by strong gains on local and global equity markets, though dollar-buying by oil companies checked its advance, dealers said.
More About: Rupee , Tracking , Equity
Call rates likely to come under pressure
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INTER-BANK rates ended steady at 6%-6.1%, after spending a fortnight above 7%. Call rates, along with the LAF window, reflected better liquidity conditions than in February.
More About: Rates
Forex reserves up $2b despite FII pullout
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Forex reserves rose by $2 billion during the week ended February 15, as RBI mopped up inflows.
More About: Forex , Reserves
Dollar near 3 week low vs euro on US recession fears
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The dollar hovered near a three- week low against the euro on Monday, dogged by worries the US economy may fall into recession and by market expectations for the Federal Reserve to lower interest rates more.
More About: Euro , Dollar , Week , Recession , Fears
Rupee up tracking gains in regional stocks
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Rupee rose in early trade on Monday, on expectations local stocks will track gains in Asian markets, encouraging fresh buying by foreign funds, traders said.
More About: Stocks , Regional , Rupee , Tracking
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