Dollar Selling

The rupee on June 29 gained 27 paise to close at 67.68 against the US currency on dollar selling by banks and exporters amid firm stock markets

After two massive falls, forex kitty zooms by $2.36 billion

With this rise, the reserves have once again crossed the USD 350-billion mark to stand at USD 351.390 billion.

Rupee recovers after hitting record low of 64.13/dollar

The rupee slid to a record low on Tuesday, falling past 64 to the dollar, before the Reserve Bank of India (RBI) stepped in to support a currency facing the brunt of a selloff from emerging market assets ahead of an expected tapering of US stimulus.

RBI likely sold dollars via state-run banks, dealers say

The RBI likely sold dollars via state-run banks from 61.85 rupee levels, three traders said after the currency touched to all time lows of 62/USD on Friday.

Brace for further GDP downgrade, poor stock mkt performance

CNBC-TV18's Latha Venkatesh reports that weak trends in Asian currencies have spread on to the rupee as well. In addition to that, the market had already positioned itself short on the currency too.

Rupee off lows; US, large state-run banks sell dollars

Pair at 59.90/91, off 60.0750 highs, versus its previous close of 59.56/57

Rupee recovers by two paise to end at 59.66 on firm stocks

The rupee today closed two paise higher at 59.66/USD. It moved in a range of 59.45/USD to 59.79/USD on the back of strength in local equities and selling of US currency by exporters.