At the interbank foreign exchange the rupee opened at 70.83, then gained further ground and touched a high of 70.74, registering a rise of 28 paise over its previous close against the US dollar. read more

The domestic currency has been trading in a narrow range ahead of RBI’s monetary policy meeting outcome, scheduled for February 7. read more

Elementary trade theory suggests currencies with the highest volume of trade and lowest transaction costs are more likely to be chosen as a preferred means for global payments. read more

The greenback’s weakness against some currencies overseas also helped the recovery in the domestic currency. read more

Traders said sustained demand of the US currency from importers, dollar’s strength against some currencies overseas and a lower opening in the domestic equity markets weighed on the domestic unit. read more

In the cross-currency trade, the rupee bounced back against the British Pound to finish at 95.07 per pound from 95.84 and gained against the euro to settle at 84.50 as compared to 85.25 earlier. read more

At 10:35am, the rupee was trading at 70.07 a dollar, down 0.21% from its previous close of 68.93. read more

The rupee crashed by Rs 1.08 or 1.57 per cent to end at historic low of 69.91 against the US dollar following fears that Turkish economic crisis could engulf world economy read more

Reversing all its early gains, the Indian rupee nosedived to its life-time low of 69.62, tumbling by 79 paise against the US dollar in morning trade on Monday in line with weakening domestic equities and global markets rout. read more

This is the biggest single-day fall since May 29 and goes hand in hand with a stronger US dollar. read more

The complainant, Surendra Avasti, 40, told police the incident took place in January, when he had gone to Haji Ali with his relatives. read more