The Indian rupee breached 68.50 against the U.S. dollar to a record low on Wednesday. The partially convertible rupee crashed over three per cent to hit a low of 68.55 as against Tuesday's close of 66.24.

New Delhi: Prime Minister Manmohan Singh has sought USD 25 billion cut in oil import bill to narrow current account deficit, Oil Minister M Veerappa Moily said on Tuesday.
India, which paid about USD

New Delhi: With rupee again crossing 65-to a dollar mark, Finance Minister P Chidambaram on Tuesday said the currency is undervalued and hoped it will find its appropriate level.
"The rupee has overs

Mumbai: Continuing Monday's slide, the rupee on Tuesday again breached 65-mark against dollar falling sharply by 104 paise to trade at 65.34 on strong month-end dollar demand from importers and a wea

Mumbai: The Indian rupee dropped sharply to 64.20 per dollar in late morning trade on Monday on good demand for the US currency from banks and importers due to rise in crude oil prices.
The rupee res

Mumbai: After discussions between Finance Minister P. Chidambaram and FIIs and banks, the Finance Ministry on Saturday said steps to attract capital flows to fund the current account deficit can be e

Mumbai: The rupee on Thursday plunged further by 89 paise to hit new record low of 65 against the US dollar in early trade on the Interbank Foreign Exchange market on heavy demand for the US currency

The rupee hits fresh all-time low, trading around 64.40 per dollar as heavy dollar buying from large state-run banks along with demand from custodian banks hurt the local currency on Wednesday..

The rupee could touch 70 against the U.S. dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday.

Mumbai: Continuing its slide, the rupee on Tuesday breached 64-mark against dollar by falling 98 paise to trade at record low of 64.11 on persistent dollar demand and a weak opening in the domestic e