Importers

The rupee witnessed a reversal today after three days of gains and ended lower by 13 paise to 66.82 against the American currency following fresh bouts of dollar demand from importers.

Govt meets stent makers to ensure availability

The government has held a meeting with stent makers and importers to review its availability in market amid reports that artificial scarcity is being created in the garb of withdrawing the device for price relabelling.

NPPA asks stent makers, importers to submit price list by Mar 1

The national drug pricing regulator NPPA has asked manufacturers and importers of coronary stents to submit details, including price list of their products, before March 1.

Rupee trips 11 paise to 67.87 vs US dollar

After a brief recovery, the rupee once again turned weaker against the US dollar by depreciating 11 paise to end at 67.87 on fresh dollar demand from importers and banks.

Rupee extends losses, down 14 paise in late morning deals

The domestic currency opened lower by 66.80 as against yesterday's closing level of 66.71 per dollar at the Interbank Foreign Exchange (Forex) market.

Rupee slides 22 paise in early trade

The dollar was weak against major global currencies and the domestic equity market saw a higher opening, which capped the rupee losses, dealers said.

Need to double capacity to carry more cargo: Mercator

New Delhi is proposing importers sign 5-year contracts with local shipping firms in a move designed to shift freight worth billions of dollars to Indian flag carriers and help boost fleet companies like Shipping Corp of India , Mercator Ltd , Great Eastern Shipping Co and Essar Shipping

Rupee trims initial losses, still down 59 paise at 66.42

The rupee also weakened due to sharp fall in domestic equities with Sensex down by a 1,000 points in early trade.

Rupee plunges further against dollar, down by 27 paise

Besides, strong demand for dollar from importers and banks and a lower opening in the domestic equity market weighed on the local currency, forex dealers said.

Rupee sinks to 2-year low at 65.40 against dollar

Forex dealers said apart from sustained demand for the US currency from importers and dollar's gain against other currencies overseas, lower opening in domestic equity markets put pressure on the rupee.

Rupee back at over 2-year lows, falls 21 paise to Rs 65.21

The domestic currency on Thursday had plummeted by 32 paise to 65.10 against the dollar, hitting its weakest level last seen in September 2013, as China further devalued yuan.

Rupee loses further, down 20 paise against dollar

Falling for the third consecutive day, the rupee weakened by another 20 paise to trade at 63.97 against the dollar in early trade on Friday on appreciation of the American currency against other major currencies globally as the US Federal Reserve prepares to hike rates.

Rupee slips from initial gains, drops 15p against dollar

Earlier, the rupee opened higher at 63.34 against yesterday's closing of 63.44 at the Interbank Foreign Exchange market. It strengthened further to 63.30 before volatility led it to drop to 63.65 on heavy bouts of dollar demand from importers.

Rupee down 55 paise vs dollar, logs biggest fall in 2015

At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced weak at 62.54 a dollar from last close of 62.36, but initially tried to recover to a high of 62.47.

Rupee recovers after touching 9-mth low of 62.22/$

The rupee on Thursday recovered after touching a fresh nine-month low of 62.22 against the dollar. The Indian currency falls to 62.22 against the dollar on buying by importers, traders

Rupee tumbles by 90 paise vs dollar in late morning trade

The rupee fell sharply by 90 paise to 66.90 against the dollar in the late morning trade on the back of persistent dollar demand from banks and importers.

Mid-week mayhem: Here's all that made news in biz world

Here's all that made news in the business world today.

Rupee weakens past 60/$; oil companies buy greenbacks

The rupee fall is on the back of heavy demand for dollars from importers, particularly oil companies

Next port of support for rupee around 63/USD: Stanchart

The rupee at this point of time catching up with some of the moves, which have happened across emerging market currencies last week says Priyanka Kishore of Standard Chartered.

Rupee depreciation: Who wins, who loses?

Kripananda Chidambaram of Fintotal Insights and Resources very simply explains the noise revolving around the depreciating rupee and how does it impact the common man.

Indian rupee starts stronger; data awaited for further cues

The factory output data and the consumer price inflation data, due around 11 am, will be key for helping investors cement views about the central bank's monetary policy review on Monday.

Harding on rupee: Greed for more has broken exporters too

Moses Harding of IndusInd opines that the rupee breaking out of it 53-55/USD range on the upside caused the panic as every one expected 57/USD to be a safe level.

55.30/USD key level for rupee now: Moses Harding

Moses Harding of IndusInd Bank attributes this rupee low to general dollart strength and a weak macro scenario in India.

Indian rupee hits 6-month low at 55.41 on firm dollar

Indian rupee touched nearly a six-month low of 55.41 depreciating 30 paise on sustained dollar demand from importers and weakness in equity shares.

Rupee down 42 paise against dollar; hits three-week low

The Indian rupee today lost 42 paise to 54.57 against the dollar in trade on the Interbank Foreign Exchange market due to appreciation of the US currency against other currencies overseas.