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  • Investments slump in Q3; but expert says not a time to panic

    According to a CMIE report, only 383 projects were announced in Q3FY16 with an estimated investment of Rs 1 trillion, the lowest in the past 5 quarters.

  • Rupee vs dollar: Currency sees lowest ever close of 68.80

    The partially convertible rupee closed at 68.80/81 per dollar, compared to its close of 66.24/25 on Tuesday. The unit also posted its biggest fall in absolute terms ever, dropping 256 basis points on the day.

  • Rupee plunges to new low of 65.56, recovers to end at 64.55

    The rupee remained in the doldrums for the sixth session in a row today as it breached the 65 mark to an all-time intra-day low of 65.56 before recovering to settle at 64.55 against the dollar, still down 44 paise.

  • 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.

  • Here's why the bloodbath continued in rupee-bond markets

    A raft of measures taken by the Reserve Bank of India (RBI) seems to have fallen flat. The Indian rupee on Monday closed all time record low at 63.13 as against the US dollar. The 10-year benchmark bond yield spiked nearly 35 basis points to 9.23 percent.

  • Benchmark bond yield hits 9%, highest since Nov 2011

    The benchmark 10-year bond yield was trading at 9 percent, up 12 basis points on the day at 12:32 p.m., its highest level since November 15, 2011.

  • RBI likely intervened as rupee neared record low: Dealers

    RBI likely sold dollars from 61.17 levels, they said. The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8.

  • Rupee approaches record low; RBI watched

    The rupee fell to as low as 61.12 to the dollar, not far from its record low of 61.21 hit on July 8. It closed trade at 60.47/48 on Tuesday.

  • Rupee falls below 61/$ to record low

    The rupee was at 61.09, breaching the previous low of 60.76 hit on June 26. It had closed at 60.225/235 on Friday.

  • Rupee off record low in early trade, opens at 60.45/$

    Indian rupee opened at 60.45 per dollar, up 26 paise compared to previous day's closing of 60.71. Sonal Varma of Nomura said, "Our bias to remain short rupee, even after spot broke the 60/USD mark, remains intact."

  • Will rupee become senior citizen? RBI says no

    The Indian rupee on Thursday hit a record low at 59.98 against the US dollar prompting the Reserve Bank of India to check its freefalling. Finally, the local currency closed at 59.57 against the greenback, nearly 1.50 percent or 87 paisa lower than the Wednesday close at 58.70 percent.

  • Rupee approaches record low ahead of Fed meeting

    The rupee was trading at 58.70/72 per dollar at 9.06 am after opening at 58.82.

  • Gold futures ease from two-month high

    The rupee was stronger tracking gains in most other Asian currencies. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.

  • Rupee recovers from record low; up 19 paise vs dollar

    The rupee fell to all-time low of 58.98 intra-day against dollar in yesterday's trade on intense demand for the US currency, but ended 24 paise down at 58.39, a record low.

  • Rupee in range; no RBI action spotted

    The rupee is in range, trading at 57.17-57.1850 vs 57.01-57.02 previous close and not far off the record low of 57.32 hit on Friday.

  • US new home sales plumb record lows, prices tumble

    Sales of new US homes sank to a record low in February and prices were the weakest in just over seven years, underscoring the housing market's lingering malaise, which could slow the economic recovery.

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