Hong Kong’s central bank said it has confidence in 3-decade old peg to dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped.
Rupee depreciated 15 paise to 65.81 against dollar in opening trade at the interbank forex market today on increased demand for the greenback from importers and banks.
Rupee today slipped by 2 paise to settle at a fresh seven-month low of 65.66 against the dollar, extending its fall for a third day amid surging crude prices.
Rupee today dropped by 2 paise to close at Rs.65.66/67 against the US dollar at the interbank foreign exchange market here.
Iranian govt institutions will start reporting foreign currency amounts in euros rather than US dollars, state media said.
The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar in early trade.
The rupee extended its losing run for the second straight day, falling by another 15 paise to end at a near 7-month low of 65.64 against the US dollar.
Rupee pared initial gains to drop 6 paise, hitting a fresh six-month low at 65.55 in late morning trade against dollar on sudden bouts of demand from importers.
Gold prices were steady as the US dollar remained on the back foot, with the metal supported by festering worries over US-China trade tensions.
The US dollar index declined as investors continued to monitor the geopolitical tensions in the Middle East.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment