Category: Forex News

RBI allows opening of rupee accounts outside India in strategic move

The Reserve Bank of India (RBI) on Thursday allowed the opening of rupee accounts outside India as part of its

The rupee appreciated 5 paise to 83.24 against the US dollar in early trade on Friday boosted by robust sentiment

The rupee slipped 2 paise to 83.42 against the US dollar in early trade on Thursday, tracking the outflow of

The rupee settled 21 paise lower at 83.39 (provisional) against the US dollar on Wednesday, tracking a negative trend in

The rupee depreciated 9 paise to 83.27 against the US dollar on Wednesday, tracking a negative trend in domestic equities

The dollar waned on Tuesday, following a slight pick up in risk appetite, but it held tight ranges against its

The Indian rupee ended slightly weaker on Tuesday as dollar demand from local corporates pressured the currency even as the

The rupee appreciated by 3 paise to 83.10 against the US dollar on Tuesday, tracking a positive trend in domestic

The rupee pared its initial gains and settled for the day lower by 4 paise at 83.14 (provisional) against the

India’s forex reserves jumped $4.549 billion to a new all-time high of $648.7 billion for the week ended May 17,