Rupee Recovers
Indian rupee recovered on Tuesday by five paise helped by rise in Indian stocks market.Dollar was down overseas against major currencies helped rupee to recover.Dollar selling by was mainly by banks and exporters.Analysts believe that rupee might trade....more

Rupee Gains On Back Of Dollar Inflows
Indian rupee strengthened on Friday by 16 paisa on back of huge dollar inflows.Exporters and foreign banks were seen selling dollars.Indian markets along with Asian markets were weak on Friday.Other global....more

Forex Reserves Down to $271 billion
According to data released by the Reserve Bank of India in its weekly statistical supplement(WSS) India's foreign exchange reserves dipped by $402 million to $271.239 billion for the week ended August 7,2009 mainly due to rise in foreign currency.Earlier,reserves had risen....more

Rupee Drops 0.85 percent
Indian rupee eased on Friday following weak equity markets and with concerns of swine flu and weak monsoon situation while dollar demand was their from some foreign banks.Stock market was choppy and ended down 0.8 percent which raised concerns about capital outflows.Weak monsoon....more

Dollar,Euro Falls Vs Yen On Disappointing Data
Dollar and Euro were both down against Japanese yen on Friday after dissappointing U.S. consumer sentiment data,increasing concerns about U.S. economy outlook.Dollar was down to 0.49 percent to 94.89 yen from 95.36 yen on Thursday.Yen is considered as a relative safe....more