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Share market today: The Sensex and Nifty posted their biggest weekly decline in over two years on Friday after, in a surprise move, the Reserve Bank of India (RBI) today kept the repo rate unchanged at 6.5%. The announcement
Analysts warn the rupee - already Asia's worst performing currency against the U.S. dollar this year - continues to look vulnerable ahead of September, when dollar term deposits that India raised from citizens abroad in 2013
Sri Lankan rupee forwards were little changed on Tuesday as demand for dollars from importers increased after a sharp rise in the local currency over the last few days following conversions by foreign investors and exporters,
With limited scope for rollovers, the forthcoming FCNR-B deposit redemptions beginning September through November will lead to increased volatility in the money markets due to maturity mismatches causing wild swings in forex
The rupee today strengthened for the second consecutive session against the dollar by rising 16 paise to 67.17 on sustained selling of the American currency amid a continued rally in domestic equities.