News from other websites on Indian Rupee
Global operations, change in route mix will boost bottomline: SpiceJet CEO
May 26, 2013 at 00:13 | Source: The Hindu BusinessLine
In an industry struggling with rising costs and stiff competition, low-cost airline SpiceJet has pared its losses to Rs 191 crore for fiscal 2013 from Rs 605.8 crore in the previous fiscal. Chief Executive Officer Neil Mills explains to Business Lin...
Weekly review: Rupee drops by 75 paise against US dollar
May 25, 2013 at 20:12 | Source: Financial Express
Although the Indian rupee came off from over its eight-month intra-day low of below 56-mark, it closed down by 75 paise at six-month low of 55.63 on sluggish local equities amid sustained dollar demand from importers and some banks, extending losses...
Holding the 56.11 support level is crucial for the rupee
May 25, 2013 at 09:48 | Source: FirstPost
By George AlbertThe US dollar - Indian rupee (USD-INR) pair has hovered around support for a long time, unable to catch a sustainable bounce. In the week to 24 May, it briefly breached the 56 level to reach 56.04 before dropping back. In case the 56....
Jet Airways Q4 net loss widens to 4.96 billion rupees
May 25, 2013 at 05:45 | Source: FirstPost
NEW DELHI (Reuters) - Jet Airways, which recently agreed to sell a 24 percent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs.Jet said its net loss was 4.96 billion rupees for its fiscal fourth-quarter ended March,...
RBI to take steps to check rupee volatility
May 25, 2013 at 00:25 | Source: Business Today
Amid the rupee touching nearly 9- month low against the US dollar, Reserve Bank of India (RBI) on Friday said it will continue to take steps to check excessive volatility in the currency market."Reserve Bank will continue to manage the exchange rate...
May 25, 2013 at 00:22 | Source: The Hindu BusinessLine
Chennai, May 24: Low-cost carrier SpiceJet has posted a net loss of Rs 186 crore for the quarter ended March 31, 2013, against a Rs 249-crore loss recorded in the comparable previous year quarter. The loss comes despite a 31 per cent growth in reven...
Jindal to expand steel output, buy mines in West Africa
May 24, 2013 at 23:45 | Source: FirstPost
LONDON (Reuters) - Mid-sized producer Jindal Steel and Power (JNSP.NS) hopes to quadruple steel output by 2016 to cash in on an infrastructure boom in the world's second most populous country and is also in talks to buy mining assets in West Africa.V...
Indian rupee down 10 paise against US dollar
May 24, 2013 at 23:02 | Source: Financial Express
Indian rupee today weakened further by 10 paise to 55.69 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas. Dealers attributed the rupee's fall to dollar gains against other curren...
Indian rupee partially recovers after sinking below 56-mark
May 24, 2013 at 21:42 | Source: Financial Express
After sinking below 56-mark in early trade on heavy dollar demand, the rupee today erased some losses but still ended 13 paise lower at fresh six-month low of 55.59 amid signs of capital inflows in battered equities and exporters selling the America...
RBI to ease forex hedging norms for ex-im trade
May 24, 2013 at 21:32 | Source: DomainB
The Reserve Bank of India (RBI) has decided to increase the facility of rebooking of cancelled contracts to 50 per cent of their total hedged exposure from the present limit of 25 per cent, for both exporters and importers. The decision follows the ...
Late surge lifts Sensex; Tata Steel, Larsen key gainers
May 24, 2013 at 21:32 | Source: DomainB
Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 197...
Can NRIs benefit from mini INR-USD futures?
May 24, 2013 at 16:56 | Source: Economic Times
Recently the Dubai Gold and Commodities Exchange launched the Mini Indian Rupee-Dollar futures contract with an aim to support retail remitters. At a contract size of Rs 2 lakh, it is believed to be an attractive proposition for Non Resident Indians ...
RBI may ease hedging norms for exporters, importers
May 24, 2013 at 16:18 | Source: FirstPost
Mumbai: The Reserve Bank of India plans to allow exporters and importers to rebook and cancel up to 50 percent of their total hedged exposure from the present cap of 25 percent, Executive Director G Padmanabhan said a in speech in Singapore on Friday...
Mkts consolidate: Nifty ends in green; Tata Steel, United Spirits top gainers
May 24, 2013 at 16:00 | Source: FirstPost
3. 30 pm: Markets close on a high after a 4-day losing streakAfter a 4-day losing streak, the Indian market closed high today, rebounding as Tata Steel surged after its March-quarter operating profit beat analyst estimates.The BSE Sensex closed at 19...
Fundamentals indicate more downside in rupee
May 24, 2013 at 15:07 | Source: Economic Times
MUMBAI: The Indian rupee declined for a sixth straight day today and hit a 10-month low be breaking below 56 per dollar. It has been recently under pressure even as the Indian equities soared on the back of FII inflows. According to the data, net inf...
Indian Rupee snaps initial gain vs US dollar, down 4 paise
May 24, 2013 at 12:32 | Source: Financial Express
Indian rupee snapped its initial gains to trade down by 4 paise at 55.45 against the dollar in late morning deals following fresh demand of dollars from importers and some banks. Indian rupee opened higher at 55.35 per dollar as against the previous...
Indian rupee at a new 6-month low of 55.83, down 37 paise vs US dollar
May 24, 2013 at 12:32 | Source: Financial Express
The rupee today declined by a hefty 37 paise to trade at a fresh six-month low of 55.83 in early trade at the Interbank Foreign Exchange market on sustained dollar demand and strengthening of the US currency overseas. Forex dealers said besides doll...
Live: Despite plunge in markets, FIIs buy Indian stocks
May 24, 2013 at 10:12 | Source: FirstPost
10 am: Despite a sharp plunge in markets sparked by worries the Fed would unwind its monetary stimulus earlier than expected, foreign institutional investors (FIIs) extended their record net purchases of Indian stocks to a 26th consecutive session to...
Foreign investors still buy stocks, but pace slows
May 24, 2013 at 09:57 | Source: Financial Express
Foreign institutional investors (FIIs) extended their record net purchases of Indian stocks to a 26th consecutive sessions on Thursday, despite sharp share falls sparked by worries the Fed would unwind its monetary stimulus earlier than expected. FI...
Market spooked by hints of US reducing stimulus
May 24, 2013 at 03:22 | Source: The Hindu BusinessLine
Mumbai, May 23: Fears of the US Fed reducing stimulus and the dip in Chinese Purchasing Managers’ Index (PMI) for May spooked the market on Thursday. The Sensex crashed 388 points to close at 19,674, while the Nifty shed 127 points to end the ...
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