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rupee

India remains Top Recipient of Remittances

India has topped the global list of remittances with $71 billion in 2013. The data has been published by the World Bank, which put China at No. 2 spot with $60 billion in remittances, followed by the Philippines ($26 billion), Mexico ($22…

US Fed Impact: Rupee on a High, Sensex Soars

After a surprising decision by the US Federal Reserve, which decided to continue buying bonds at the current rate of USD 85 billion a month for now instead of announcing a $10-15 billion reduction to its asset purchase programme, the Indian…

Rupee hits 57.32 against US Dollar

The rupee hit 57.32 marks on Thursday. This level is very close to rupee's all time low of 57.32 it had hit 11 months back. As per the traders, increased demand for the American currency from importers and a weak opening in the domestic…

Rupee breaches 56 Mark vs US Dollar

TNI Bureau: Indian Rupee crossed 56 mark against US dollar on Monday after the Reserve Bank of India kept its Repo rate and CRR unchanged at its mid-quarter monetary policy review. The policy affected the rupee falling it to a day low…
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