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......

Rupee ends almost flat at 78.34 against US dollar

The rupee slipped 1 paisa to close at its fresh life-time low of 78.34 (provisional) against US dollar on Monday despite a rally in the domestic equity markets. Illustration: Dominic......

Rupee falls 22 paise to record low of 79.48 against US dollar

The rupee depreciated by 22 paise to close at a fresh lifetime low of 79.48 (provisional) against the US dollar on Monday, tracking a strong greenback overseas and subdued domestic equities.......

Rupee falls to 52.15 per dollar

The US dollar ended sharply dearer against the rupee at Rs 52.15/16 per dollar and the Pound Sterling also turned higher at Rs 81.59/61 per pound at the close of the Interbank Foreign Exchange......