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 Indian rupee continued to decline against the American currency for the fifth day in the early trade on persistent dollar demand from banks and importers on the back of higher dollar in the overs

The rupee slid for a fifth day on Monday and hit its lowest level in more than two-and-a-half months, weighed down by heavy dollar buying by oil refiners, with gains in the euro failing to offer much

The dollar stumbled against the euro in Asian forex trade after President Barack Obama won a second term following a nail-biter White House race.

The euro bought $1.2860 in Tokyo, up from $1.2788 ear

The rupee is likely to see some strengthening and is expected to touch 51 level against the US dollar by December, a report by Bank of America Merrill Lynch has said.

According to the report, higher

The rupee fell by 24 paise to 53.60 against the US dollar in early trade at the Interbank Foreign Exchange market on Wednesday as the American currency gained against euro in the global markets.

Fore

The BSE benchmark Sensex recovered by over 116 points in early trade on Tuesday as power sector stocks surged on fresh buying by funds and retailers after the government cleared proposal to restructu

The rupee rallied on Monday to 4-month high by gaining a hefty 51 paise at 53.79 against the dollar on persistent selling of the American currency by banks and exporters as well as capital inflows ami

The rupee rose by hefty 50 paise to 53.80 against the US currency in early trade on Monday on dollar selling by exporters and some banks.

Forex dealers said besides selling of dollar by exporters and

Asian markets rose and the dollar remained subdued against the yen on Wednesday ahead of a US Federal Reserve meeting most economists expect will deliver fresh stimulus to kickstart the economy.

Comm