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India Foreign Exchange News. Service for global professionals. Constantly updated news and information about India.
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Latest India Foreign Exchange News

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  • India's rupee climbs from 5-week low as exporters buy currency 17 Dec 2009 17:51 GMT
    ... India’s rupee climbs from 5-week low as exporters buy currency ... said Krishnamurthy Harihar, Mumbai-based treasurer at the Indian unit of FirstRand Ltd., South Africa’s second-largest ... 0.25 percent, while the Reserve Bank of India has kept the benchmark reverse repurchase rate ...

  • Rupee falls by 13 paise to 46.85/86 on firm dollar 21 Dec 2009 13:35 GMT
    ... MUMBAI: In a range-bound trading today, the Indian rupee lost 13 paise to close at ... Indian currency, they added. At the Interbank Foreign Exchange (Forex) market, moved in a narrow range ... in London today. The Reserve Bank Of India (RBI) fixed the reference rate for the ...

  • India's rupee rises as exporters may convert overseas earnings 22 Dec 2009 15:51 GMT
    ... India’s rupee rises as exporters may convert overseas earnings ... exchange the greenback for rupees after the Indian currency snapped a three- month rally to ...

  • Rupee eases on weaker stocks 14 Dec 2009 14:51 GMT
    ... and yen,” said Paresh Nayar, head of foreign exchange and money markets at First Rand Bank. ... foreign funds have bought $16.5 billion of Indian equities so far this year. That has ... reading hardened expectations the Reserve Bank of India (RBI) may tighten banks’ reserve requirements in ...

  • Rupee rises 0.1% against dollar 22 Dec 2009 17:30 GMT
    ... Mumbai: The rupee rose on speculation exporters will convert overseas ... exchange the greenback for rupees after the Indian currency snapped a three-month rally to retreat ...

  • Rupee up on shares gains, weak dollar 15 Dec 2009 06:11 GMT
    ... the year-end,” said Madhusudan Somani, head of foreign exchange trading at Yes Bank. “No clear cues ... would signal after its two-day policy meeting. Indian shares rose 0.4% in early trade after ... monetary action by the Reserve Bank of India (RBI) in the near future had pushed ...

  • Ngultrum- rupee peg prudent, RMA 20 Dec 2009 19:41 GMT
    ... the existing peg exchange rate arrangement with India is prudent for Bhutan’s economy. According to ... addition, with gaining popularity and stability of Indian economy worldwide, it is prudent for Bhutan ... Bhutan could entail an added outflow of foreign exchange reserves, resulting in a further deterioration of ...

  • Rio schedules first iron ore to India 17 Dec 2009 08:59 GMT
    ... Rio schedules first iron ore to India SYDNEY (Reuters) - World No.2 iron ore ... international sources is being considered." However, an Indian iron ore dealer and a metals analyst ... its total production that brings in precious foreign exchange. "This (import) should be temporary. India has ...

  • Travel Events for the Indian Outbound Travel market 15 Dec 2009 16:35 GMT
    ... Travel Events for the Indian Outbound Travel market The discerning markets of ... the hospitality, travel, and tourism industry from India and abroad will be completed. This year's ... film industry in the world - Generous foreign exchange allowances both for business and leisure traffic ...

  • Tackling Energy Deficit : India can gain from cooperation with Africa on basis of mutual benefit 14 Dec 2009 04:32 GMT
    ... India is ambitious to counter the impact of ... of global crude oil market prompted the Indian external affairs minister, SM Krishna at the ... has been able to partly offset its foreign exchange outgo by exports of petroleum products valued ...

  • 3 big positive developments India can look forward to 22 Dec 2009 14:36 GMT
    ... few answers. For example: Where is the Indian economy heading? Are we out of the ... the one biggest positive development we in India can expect in the new year? Dear ... why doesn't the government use the gigantic foreign exchange pile it is sitting on to address ...

  • Rupee ends lower by 19 paise against dollar 14 Dec 2009 15:14 GMT
    ... MUMBAI: The rupee on Monday depreciated by 19 paise to ... market. In active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened lower ... the market sentiment. The Reserve Bank of India fixed the reference rate for the US dollar ...

  • NATIONWIDE BANK STRIKE DISRUPTS OPERATIONS ACROSS INDIA (TAPE NO: ) 17 Dec 2009 04:34 GMT
    ... KOLKATA, WEST BENGAL, INDIA (DECEMBER 16, 2009) (ANI-ACCESS ALL) 5.A FLAG ... wages and pension, impacting cash transactions and foreign exchange trading volumes for two days. Following several ... two days. Following several rounds of negotiations, Indian Banks Association and United Forum of Bank ...

  • Delhi court remands hawala kingpin to judicial custody 15 Dec 2009 19:03 GMT
    ... New Delhi: A Delhi court today remanded to eight ... since September when he was booked under Foreign Exchange Management Act. NCB alleged the accused had ... financed persons involved in drug syndicate in India and abroad. He allegedly laundered money for global ...

  • Lee Kuan Yew suggests strategy for India to grow beyond current rate of growth 17 Dec 2009 05:32 GMT
    ... Singapore, has suggested a four-pronged strategy for India to grow beyond the current 8 to ... On infrastructure, he said, greater connectedness among Indian cities would be essential for economic development ... banks across the globe may diversify their foreign exchange reserves into other international currencies such as ...


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