Mumbai: The Indian rupee trimmed its initial losses but was still quoted down by 14 paise to 65.84 per dollar on demand for the US currency from banks and importers due to higher global cues amid fir

Mumbai: Seeking to arrest the declining value of rupee, the Reserve Bank has imposed restriction on banks with regard to trading in currency Futures and Options (F&O) with immediate effect.
Under

Washington/New Delhi: The US Federal Reserve on Wednesday said that it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program,

The Obama administration said on Tuesday that China's currency remained 'significantly undervalued', but stopped short of labeling the world's second-biggest economy a currency manipulator.

Although

The Reserve Bank will issue Rs 500 and Rs 10 denomination bank notes with rupee symbols shortly, it said in a release.

"The Reserve Bank of India will shortly issue Rs 500 denomination banknotes with

Gold prices are likely to ease to Rs 30,500 per 10 grams in the near term due to strengthening of rupee following government's recent measures like fuel hike, experts said.

"Due to rupee strength

The rupee gained a hefty 71 paise to trade at two-month high of 54.72 against the dollar in early trade on Friday at the Interbank Foreign Exchange as the American currency weakened against euro ov

China's currency is facing strong downward pressure in 2012 as the country's once surging growth rates slow amid a stalling global economy and signs of capital flight after years of inflows.

It is a

The rupee gained a hefty 51 paise to 55.24 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased dollar selling by banks.

Forex dealers said a higher openin

The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks a