Forex-Markets-The Economic Times

Aussie dollar to remain high for years: PM Julia Gillard

Wed, 01 Feb 2012 05:13:34 GMT

Australian Prime Minister Julia Gillard on Wednesday warned the Aussie dollar would likely remain at a high level for years as it came to be seen as a "safe haven" amid global turmoil.

Aussie & NZ dollars near multi-month highs on Greece

Sun, 29 Jan 2012 22:42:26 GMT

The Australian and New Zealand dollars held near multi-month highs on Monday as risk sentiment remained well supported on growing optimism over a Greek debt deal.

Euro steady but faces pressure this week

Tue, 10 Jan 2012 05:17:29 GMT

The euro held its ground in Asia on Tuesday but faces pressure later this week ahead of Italian and Spanish debt auctions.

Yuan dips on weaker mid-point; more volatility seen in 2012

Fri, 06 Jan 2012 06:19:30 GMT

Yuan hit its lowest point in more than a week after central bank set a weaker mid-point for second straight day following a surge in dollar overnight.

Euro stays weak amid eurozone debt fears

Fri, 06 Jan 2012 05:29:56 GMT

The euro faced further selling pressure in Asia on Friday due to intensifying fears over the European sovereign debt crisis.

Rupee up on dollar inflows; stocks watched

Fri, 06 Jan 2012 04:58:06 GMT

Rupee gained on Friday, aided by foreign investors buying into local debt, though negative local shares and risk aversion globally may cap gains.

Rupee up on dollar inflows

Fri, 06 Jan 2012 04:35:59 GMT

At 9:07 a.m. (0338 GMT), the partially convertible rupee was at 52.8475/8700 to the dollar, stronger than Thursday's close of 52.98/99.

Euro near 16-mth low vs dollar, more downside seen

Fri, 06 Jan 2012 04:21:35 GMT

Euro hovered near a 16-month low against the dollar and an 11-year low versus the Japanese yen on Friday, with further declines seen in store for the embattled single currency.

Rupee seen down on risk-averse sentiment

Fri, 06 Jan 2012 04:14:08 GMT

The Indian rupee is expected to open lower around 53.10 to the dollar on Friday, weighed down by risk-averse sentiment across Asian markets.

Euro falls to 15-month low against dollar

Thu, 29 Dec 2011 16:52:22 GMT

The euro fell to a 15-month low against the dollar after an Italian bond auction produced mixed results.

Rupee ends 10 paise down vs dollar in volatile trade

Thu, 29 Dec 2011 13:11:20 GMT

The rupee fell by 10 paise to close at nearly two-week low of 53.07/08 against the US currency following good dollar demand from importers amid weak local stocks.

India, Japan likely to ink currency swap accord

Mon, 26 Dec 2011 15:19:25 GMT

India and Japan Wednesday are likely to ink a multi-billion dollar bilateral currency swap agreement that could help New Delhi stem the rupee's fall.

Rupee nudges up on US data, local shares

Mon, 26 Dec 2011 13:01:48 GMT

Rupee ended stronger in thin trade on Monday as some bets on a further decline in the currency were covered amid improved risk sentiments.

India's forex reserves dip by $4.67 billion in week to Dec 16

Sun, 25 Dec 2011 12:09:37 GMT

A significant dip in India's foreign currency assets resulted in a whopping USD 4.67 billion decline in the country's foreign exchange reserves.

Forex reserves fall to $302.1 bn: RBI

Fri, 23 Dec 2011 11:44:33 GMT

India's foreign exchange reserves stood at $302.100 billion as of Dec. 16, down from $306.775 billion in the previous week, the Reserve Bank of India said.

Rupee likely to be pegged around 50 to a dollar: Yes Bank

Thu, 22 Dec 2011 16:40:14 GMT

For the short-to-mid term the domestic currency may trade lower due to the weak macroeconomic fundamentals, a top official of Yes Bank said.

Indian rupee recoups losses on RBI deputy governor comments

Tue, 20 Dec 2011 13:07:41 GMT

The Indian rupee reversed all intraday gains to close steady on Tuesday as traders pared some long-dollar positions.

Rupee hits new record low against dollar

Thu, 15 Dec 2011 11:53:11 GMT

Rupee continued its downward spiral against the US dollar on Thursday, hitting another record low due to concerns over the eurozone debt crisis

Euro inches up but still close to 11 month low

Thu, 15 Dec 2011 04:02:34 GMT

The euro rose 0.1 percent to $1.2995 after having fallen to as low as $1.2945 on Wednesday on trading platform EBS, the euro's lowest level since Jan. 11.

Rupee hits new low, no respite seen for now

Wed, 14 Dec 2011 16:10:28 GMT

The rupee closed at 53.71/72 to the dollar after briefly hitting an all-time low of 54, which represented a drop of 3.7 per cent from its close last Friday.

Euro falls after rallying on Euro debt talks

Mon, 12 Dec 2011 06:46:53 GMT

The euro bought $1.3340 and 103.57 yen in Tokyo afternoon trade, down from $1.3384 and 103.93 yen late Friday in New York.

Rupee falls 23 paise to early low of Rs 52.26 per dollar

Mon, 12 Dec 2011 06:01:05 GMT

The rupee fell by 23 paise to an early low of 52.26 per US dollar on persistent dollar demand from banks and importers despite dollar weakness.

Offshore renminbi to complicate China credit controls: BIS

Mon, 12 Dec 2011 05:45:26 GMT

Offshore banking involving the Chinese renminbi is expected to grow beyond the use of deposits outside China to fund foreign borrowers.

Rupee down by 14 paise against US dollar in early trade

Mon, 12 Dec 2011 05:14:46 GMT

The rupee fell by 14 paise to Rs 52.17 per US dollar in early trade today, extending its slide for the fifth straight day.

Euro falls after rallying on Euro debt talks

Mon, 12 Dec 2011 04:38:40 GMT

The euro fell against other major currencies in Asia on Monday as investors awaited further details on measures to tackle the eurozone debt crisis following an EU summit deal struck last week.