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Tuesday, February 24, 2009

Top stories

Rupee weakens on S&P's outlook downgrade
24 Feb 2009, 1840 hrs IST

The partially convertible rupee closed at 49.87/88 per dollar, off a high of 49.79 & 0.3% weaker than its Friday's close of 49.72/74. Where the rupee comes from, and goes

Rupee falls to 49.87 against dollar
24 Feb 2009, 1313 hrs IST

Bonds are trading lower as the ongoing auction of long dated securities has created nervousness about further borrowings by the government.

Rupee drops as outflow concerns weigh
24 Feb 2009, 0932 hrs IST

The rupee fell early on Tuesday as sharp falls in the global stock markets raised concerns of more capital outflows from local shares, but the central bank is expected to intervene to check any steep fall.

Rupee seen lower on cap outflow fears
24 Feb 2009, 0918 hrs IST

The rupee is expected to fall on Tuesday as steep falls in global stock markets raise concerns of more capital outflows from the stock market, but the Reserve Bank is expected to intervene to check any sharp fall.

Indians remit more gifts in slowdown season
23 Feb 2009, 1710 hrs IST, Atmadip Ray & Gayatri Nayak

Nearly $2 out of every $10 remitted overseas by resident Indians since April 2008 has been given away as gifts. Where the rupee comes from, and goes | Forex Converter

Re may take cue from equity market
23 Feb 2009, 0008 hrs IST

Call rates remained flat for most part of the week, as ample liquidity easily offset the regular demand for funds by banks in the first half of the bi-weekly reporting cycle.

Rupee may fall to 54 per dollar by end-2009
22 Feb 2009, 0021 hrs IST

Private economists expect rupee to decline to a lifetime low of 54 as FDI and remittances fall sharply. Weekly Gainers: BSE (A. B), NSE | Losers: BSE (A. B), NSE

Re loses 5 p against dollar, ends at 49.72
21 Feb 2009, 0035 hrs IST

The rupee shed five paisa from Thursday’s close to end at 49.72 against the dollar.

Rupee ends at 49.72 against dollar
20 Feb 2009, 1730 hrs IST

The rupee ended at 49.72/74 per dollar, from the previous close of 49.62/63, weighed down by losses in local shares and a stronger dollar overseas.

Rupee continues to trade weaker
20 Feb 2009, 1517 hrs IST

The rupee continues to trade weaker on Friday afternoon, although it seems to have recovered partly, and quoted at 49.83 against the dollar.

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