INR=X - USD/INR

CCY - CCY Delayed Price. Currency in INR
71.0590
0.0000 (0.0000%)
At close: 1:11AM BST
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Previous Close71.059
Open71.059
Bid71.059
Day's Range71.059 - 71.059
52 Week Range68.2023 - 74.9000
Ask71.109
  • Asian currencies advance; rupee surges on India tax cuts
    Reuters

    Asian currencies advance; rupee surges on India tax cuts

    The Indian rupee rose as much as 0.9% to its strongest since Aug. 9, while stocks in the country looked set for their best day in more than a decade, after Nirmala Sitharaman lowered the effective corporate tax rate and scrapped the minimum alternative tax for domestic companies. While markets "have reacted positively to FM's announcement, there are concerns over deteriorating fiscal situation", cautioned Rushabh Maru, currency and commodity analyst with Anand Rathi Shares and Stock Brokers.

  • Firm rupee lifts Indian rice rates; Vietnam prices hold near 12-year low
    Reuters

    Firm rupee lifts Indian rice rates; Vietnam prices hold near 12-year low

    Indian rice export prices rose this week on a resurgent rupee, while sluggish demand kept Vietnamese rates near a 12-year low even as the country looks to encourage private investment to make its rice more competitive. Top exporter India's 5% broken parboiled variety rose to around $373-$379 per tonne from $370-$376 a week ago, despite faltering demand from African countries. Buying from west African countries, especially from key buyer Benin, has been faltering, said Nitin Gupta, vice president for Olam India's rice business.

  • Apple TV+ will cost $5.99 in Canada, £4.99 in the UK and INR 99 in India
    TechCrunch

    Apple TV+ will cost $5.99 in Canada, £4.99 in the UK and INR 99 in India

    At its big press event yesterday, Apple announced that its TV+ streaming service would cost $4.99 per month and a launch date on November 1. The Streamable has rounded up TV+ pricing in different countries — and you can verify the number yourself by checking out the country-specific versions of Apple's announcement. The service will cost $5.99 CAD ($4.54 US) in Canada, £4.99 ($6.15) in the United Kingdom, 4.99€ ($5.50) in the rest of Europe, A$7.99 ($5.48) in Australia, 600 JPY ($5.57) in Japan and INR 99 ($1.38) in India.

  • Rupee slide drags Indian rice prices lower, strong baht buoys Thai rates
    Reuters

    Rupee slide drags Indian rice prices lower, strong baht buoys Thai rates

    A plunging rupee weighed on Indian rice export prices this week while a strong baht kept rates for the grain from flood-hit Thailand near a one-year high and more expensive than its Asian competitors. "Buyers from the Philippines haven't placed any new deals this week ahead of a harvest there later this month," a trader based in Ho Chi Minh City said.

  • Indian rupee unlikely to gain traction as investors stay shy: Reuters poll
    Reuters

    Indian rupee unlikely to gain traction as investors stay shy: Reuters poll

    The Indian rupee will not regain ground lost against the dollar in the coming year, according to strategists polled by Reuters, who believe a recent rollback of a surcharge on foreign investments will have no impact on the currency. After gaining about 2% following a sweeping victory in the general election by the incumbent government late in May, the rupee has lost nearly 6% since a July 5 budget when a surcharge on foreign investments was introduced. The Aug 29-Sept 4 Reuters poll of over 50 strategists predicted the currency will trade around 72 per dollar over the coming year.

  • Most Asian units slip as trade tensions weigh; Indian rupee falls most
    Reuters

    Most Asian units slip as trade tensions weigh; Indian rupee falls most

    Late on Monday, Bloomberg News reported that Chinese and U.S. officials are struggling to agree on a schedule for a round of trade negotiations that were expected this month. "Such headlines lay bare the tremendous gulf between the U.S. and China in reconciling their differences over trade, leaving the global economy hanging in the balance," Han Tan, Market Analyst at Cyprus-based brokerage FXTM said. The Indian rupee and the Malaysian ringgit were the worst performers in the region, playing catch up with peers as both markets re-opened for trade after a holiday on Monday.

  • Most Asian currencies slip on recession spectre, oil hits Indian rupee
    Reuters

    Most Asian currencies slip on recession spectre, oil hits Indian rupee

    Global bond yields clung near record lows, while the inverse U.S. yield curve, in which long-date yields are lower than their short-dated counterparts, stoked fears of a future recession. Bets on safe haven assets picked up, with gold prices surging to near six-year highs, while the Japanese yen traded 0.2% higher. "Beyond adjusting to tariffs, the CNY is also reacting to the generalised slowdown in global activities, which is usually negative for EM currencies, as well as weaker domestic growth," analysts at Societe Generale wrote in a note.

  • India bonds at three-week high, rupee gains after RBI payout to government
    Reuters

    India bonds at three-week high, rupee gains after RBI payout to government

    Indian bonds edged up to their highest in three weeks while the rupee rose after the Reserve Bank of India (RBI) approved the transfer of a much higher-than-expected dividend to the government, soothing concerns of fiscal slippage. Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial markets although some economists said there was a need for an additional stimulus package. The measures announced so far and others in the pipeline have raised fears the government would expand its fiscal deficit from the targetted 3.3% of gross domestic product, which could lead to an increase in market borrowing.

  • Rupee slide pushes India rice rates to 7-week low, Vietnamese exports dip
    Reuters

    Rupee slide pushes India rice rates to 7-week low, Vietnamese exports dip

    A depreciating rupee pushed export prices of rice from India to their lowest in seven weeks on Thursday despite healthy demand from African countries, while lower purchases from Philippines weighed on rates for the Vietnamese grain. Top exporter India's 5 percent broken parboiled variety was quoted around $372-$375 per tonne this week, down from $374-$377 a week ago. "A falling rupee has been allowing us to lower export prices.

  • Rupee forecast to bounce back from recent drubbing: Reuters poll
    Reuters

    Rupee forecast to bounce back from recent drubbing: Reuters poll

    India's rupee will recoup this year's losses against the dollar over the coming 12 months, according to market strategists polled by Reuters, who said the issuance of sovereign bonds in foreign currencies may help prop it up. Rising political risk after India revoked the special status of Kashmir - the Himalayan region that has long been a flashpoint in relations with Pakistan - knocked the rupee on Tuesday, pushing it to a 5-month low of near 71 per dollar. Emerging market currencies tumbled on Monday following an escalation in the U.S.-China trade war, with the Chinese authorities allowing the yuan to weaken to above 7 per dollar for the first time in over a decade.

  • India gold prices hit record high on global cues, weak rupee
    Reuters

    India gold prices hit record high on global cues, weak rupee

    Gold prices in India jumped over 2% on Monday to record levels, following gains in overseas markets and as the rupee fell to a five-month low, dampening demand further in the world's second-biggest consumer of the precious metal. Local gold futures hit an all-time high of 36,990 rupees ($524.70) per 10 gram, taking their gains to more than 17% in 2019. Dealers were offering a discount of up to $36 an ounce over official domestic prices, the highest since August 2016.

  • Reuters

    India to infuse 100 billion rupees in housing finance companies: statement

    India is infusing an additional 100 billion rupees in housing finance companies to boost lending in the sector, a government statement said on Friday, at a time when the shadow banking industry is under stress due to lack of liquidity. "To further ease flow of funds in the housing sector, the National Housing Bank is making available from today, a liquidity infusion facility of 100 billion rupees for housing finance companies as additional liquidity," the government said. Finance Minister Nirmala Sitharaman is also scheduled to meet Indian bankers on August 5 to review credit growth in various sectors, the statement said.

  • PNB says detects 38-billion rupee fraud
    Reuters

    PNB says detects 38-billion rupee fraud

    The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI). The fraud, "alleging diversion of funds from the banking system" was being reported to the RBI on the basis of the findings of forensic audit and the federal police filing a first information report, the PNB said in a statement to stock exchanges. "It has been observed that the company has misappropriated bank funds, manipulated books of accounts to raise funds from consortium lender banks," PNB said, adding that it had already made provisions of 19.32 billion rupees in Bhushan's account.

  • India's PNB says detects 38 billion rupee fraud
    Reuters

    India's PNB says detects 38 billion rupee fraud

    India's state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd's account to the country's central bank. The fraud, "alleging diversion of funds from the banking system" was being reported to the Reserve Bank of India (RBI) on the basis of the findings of forensic audit and the federal police filing a first information report, the PNB said in a statement to stock exchanges. "It has been observed that the company has misappropriated bank funds, manipulated books of accounts to raise funds from consortium lender banks," PNB said, adding that it had already made provisions of 19.32 billion rupees in Bhushan's account.

  • Pakistan rupee reaches record low, sliding more than 3% slide in a day
    Reuters

    Pakistan rupee reaches record low, sliding more than 3% slide in a day

    Pakistan's rupee dropped to another record low on Wednesday, sliding more than 3% in a day, the central bank said. The rupee closed at 161.94 against the dollar in the interbank market, continuing a slide since Pakistan signed an agreement with the International Monetary Fund last month for a $6 billion loan. In the open market it was selling at 162.50 on Wednesday, money exchange dealers said.

  • Reuters

    REFILE-Pakistan rupee reaches record low, sliding more than 3% in a day

    Pakistan's rupee dropped to another record low on Wednesday, sliding more than 3% in a day, the central bank said. The rupee closed at 161.94 against the dollar in the interbank market, continuing a slide since Pakistan signed an agreement with the International Monetary Fund last month for a $6 billion loan. In the open market it was selling at 162.50 on Wednesday, money exchange dealers said.

  • New Pakistan central bank boss dismisses free floating rupee idea
    Reuters

    New Pakistan central bank boss dismisses free floating rupee idea

    Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy. Baqir was last month appointed to lead the central bank in Pakistan, which has been hit by ballooning current and fiscal account deficits and repeated devaluations of the rupee. Pakistan's policy is a "market based exchange rate system" that follows supply and demand, but that will not be left completely to the market, Baqir said in his first press conference as State Bank of Pakistan (SBP) governor.

  • Did You Miss ioneer's (ASX:INR) Whopping 540% Share Price Gain?
    Simply Wall St.

    Did You Miss ioneer's (ASX:INR) Whopping 540% Share Price Gain?

    While ioneer Ltd (ASX:INR) shareholders are probably generally happy, the stock hasn't had particularly good run...

  • RBI imposes 20 million rupee fine on Kotak Mahindra Bank
    Reuters

    RBI imposes 20 million rupee fine on Kotak Mahindra Bank

    The Reserve Bank of India (RBI) on Friday fined Kotak Mahindra Bank Ltd 20 million rupees ($288,525) for not furnishing details about the shareholdings of its majority stakeholders and its plans for complying with stake dilution norms. The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms. "RBI came to the conclusion that the bank had failed to comply with the directions issued by RBI and decided to impose monetary penalty on the bank," the Reserve Bank of India said in a statement.

  • Reuters

    Sri Lanka stocks close little changed in thin trade; rupee edges up

    Sri Lankan shares ended almost flat in dull trade on Thursday, but posted their lowest close in nearly three weeks, while the rupee ended slightly firmer, market sources said. ** On Friday, the central bank cut its key interest rates to support its faltering economy as overall business and consumer confidence slumped following deadly bomb attacks in April. ** Traders said the Easter Sunday bombings and violence following the attacks, and worries over slowing economic growth weighed on investor sentiment.