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Pak army chief fails to meet Saudi crown prince

 It seems Saudi Arabia is in no mood to mend ties with Pakistan whose Army Chief General Qamar Javed Bajwa who flew in to Riyadh to placate an angry Saudi leadership failed to secure a meeting with......

FX derivatives mkt in a fix before new RBI rules

 Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary......

RBI tells IMF why it frequently intervenes in forex market

 The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for......

Can Rupee Dethrone The Dollar?

 Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay. Illustration:......

Rupee falls 9 paise to settle at all-time low of 83.13/USD

 The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency.......

As USD retreats, rupee rises 11 paise to 82.68

 The rupee gained 11 paise to 82.68 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Illustration: Dominic Xavier/Rediff.com Forex......

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