Browsing Tag

USD

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…

Sensex gains 480 Points, Rupee at 64.28 vs USD

New RBI Governor Raghuram Rajan continues to make a good impact on the market, as the BSE Sensex again surged 484 points today to reach 19,754 at around 1 PM. The Niifty too witnessed a gain of 134 points to trade at 5,786. The Rupee has…

Indian Rupee drops to 61.80 vs US Dollar

The Indian Rupee recorded its biggest fall to slump to a new low of 61.80 against the USD at around 2 PM. But, later, it made some recovery to 60.77 after the RBI intervention. The Rupee has plunged over 1.6 per cent so far in August.…

Rupee on Decline, slumps to 61.20 vs US Dollar

After showing signs of recovery for more than a week, the Indian Rupee yet again reached a new low at 61.20 against the US Dollar before bouncing back to 60.96 at around 2 PM today. The Rupee dropped 73 paisa when the market opened this…

Rupee Recovers, as RBI hikes Interest Rates

The Reserve Bank of India (RBI) has hiked the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25 percent, to curb Rupee's fall against the USD. As a result, the Rupee bounced back by 1% to trade at 59.13…

Indian Rupee hits 61 against US Dollar

The Indian Rupee has breached the 61-mark against the USD and was hovering at 61.10 during the initial trading. On Friday, it had closed at 60.23 against the US Dollar. The previous lowest of Rupee came on June 26, when it hit the mark…
error: Content is protected !!