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Iran wants India to pay oil dues in euros

08-02-2016| Source:PTI

With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment

Rupee slips below 68/$; opens lower by 21 paise at 68.19/$


says 'not too worried' about value of rupeeUS dollar fell against the euro and yen after a drop in oil prices suggested US inflation would stay low and prevent the Federal Reserve from hiking interest

Rupee trims initial losses, still down 3 paise

28-01-2016| Source:PTI

The rupee pared its initial losses, but was still trading down by 3 paise at 68.08 per dollar in late morning deals amid sustained demand for the US currency from banks and importers. The Indian unit

Rupee opens at 68.15 per dollar; slips 10 paise


The Indian rupee opened lower by 10 paise at 68.15 per dollar on Thursday against previous close of 68.05.Mohan Shenoi of Kotak Mahindra Bank said, "As expected, the FOMC has kept policy

Rupee opens flat at 67.67 per dollar


Rupee to remain under pressure and range for the day will be 67.6 - 68.10, says Pramit Brahmbhatt of Veracity.

Rupee opens at 67.35 per dollar; down 6 paise


The Indian rupee opened lower by 6 paise at 67.35 per dollar versus 67.29 Thursday.

Rupee opens at 67.04/dollar; slips 19 paise


The Indian rupee declined to 67.04 per dollar mark in the opening trade, the level it saw last on December 15, 2015.

IOC says to invest up to $2.7 billion in six refineries

13-01-2016| Source:Reuters

The Indian government plans to roll out Euro VI compliant fuels from April 1, 2020 to curb pollution and refiners need to invest 300 billion rupees to produce the same.

Rupee opens lower at 66.83 per dollar


The Indian rupee has opened marginally lower at 66.83 per dollar on Tuesday against previous close of 66.81 a dollar.NS Venkatesh of IDBI Bank said, "Rupee weakened against the dollar

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