MCX Gold Rises On Rupee Effect
breaking 61 per US dollar marks today– its three month low mark. A weak Indian Rupee is supportive for the local goldfutures. On Friday, the much awaited nonfarm report from the Labor Department showed that a lessthan expected 209,000 jobs were added in ...
How rupee-dollar rates are determined
Ever wondered why the rupee quotes at 53.2 or 50 and not at Rs 20 or Rs 80 to a dollar? It’s not much different from how the prices of your mangoes are determined, for example. Whether currency movements or prices of mangoes, the most important factor ...
Rupee Should Depreciate to 70 a Dollar: AV Rajwade
The Indian rupee touched ... that servicing a dollar debt is cheaper than servicing a rupee debt. Mr Rajwade says India's net external debt as a percentage of GDP which is at 18 per cent of GDP, one of the highest in the world today.
US Dollar to Indian Rupee (USD/INR) Exchange Rate Resilience Forecast, GBP/INR Trending Lower
A lack of economic data for India and month-end demand for Dollars among importers was keeping the Rupee fairly static against its US rival for much of the local session ... and could climb notably higher if today’s US data matches or exceeds estimates.
Rupee weakens two per cent in two days
"In the last two session the dollar has gained more than a rupee. Yesterday it was because of dollar index touching a 10 month high after news that the US economy is recovering faster than expected. Today ... there were not many banks offering to sell ...