Forex Exchange

India Forex Exchange - Rupee edges lower; awaits Stock opening Written by admin on December 29th, 2009 in India Forex Exchange.

India :Tuesday 29 December 2009: The rupee dropped in early trade on Tuesday tracking a broadly stronger dollar overseas but expectations of a rise in domestic shares limited declines. At 9:04 am the partially convertible rupee was at 46.69/70 per dollar, weaker than its close of 46.65/66 on Thursday. Financial markets were closed on Friday and Monday for holidays. The US dollar rose against the yen and euro in holiday-thinned trading on Monday as investors assessed the outlook for the greenback after a recent rally.

The index of the dollar against six majors was up 0.15 per cent. At 0334 GMT, the MSCI index of Asian stocks ex-Japan was 0.1 per cent higher and Nifty India stock futures traded in Singapore were up 0.3 per cent, suggesting a mildly higher opening in the Indian market. Dealers said some month-end dollar demand from refiners and importers was likely to weigh on the rupee later in the session . India Forex - Rupee rises by 10 paise to 46.67 against US Dollar on Tuesday 29 December 2009 Written by admin on December 29th, 2009 in India Forex.

India Tuesday 29 December 2009 : The rupee firmed up by 10 paise to 46.67 against US Dollar in the early trade today, as against its previous close of 46.77, due to the greenback selling by exporters, traders at the interbank foreign exchange (Forex) said here. The domestic currency advanced further from its previous close as the equity market rallied for the fourth day today after a long weekend, traders said. The month-end demand for dollar from refiners and importers is likely to weigh down on the rupee, they added.

The index of the dollar against six major currencies was up by 0.15 per cent. The partially convertible rupee recorded the high and low at 46.70 and 46.66 respectively amidst volatile trade in the intra-day. Indian Forex Reserves - India’s foreign exchange reserves shrink to $283.64 billion Written by admin on December 28th, 2009 in Forex Reserve of India.

India Monday 28 December 2009 - India’s foreign exchange reserves, including gold and special drawing rights (SDR), which is the reserves currency with IMF, fell to $283.643 billion during the week ended 18 December, from $285.742 billion a week earlier, the Reserve Bank of India (RBI) said in its weekly statistical report. The dip was largely on account of a fall in foreign currency assets, which declined by $2 billion. Changes in foreign currency assets include the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen, the RBI said. The value of SDR and the reserve capital with IMF dipped $66 million and $18 million, respectively, during the week. Forex Reserve of India - Forex reserves fall accelerates to $2 Billion as on Friday 26 December 2009 Written by admin on December 26th, 2009 in Forex Reserve of India.

India Saturday 26 December 2009 - Foreign exchange reserves fell by $2.09 billion to $283.643 billion for the week ended December 18, according to figures in the Reserve Bank of India’s Weekly Statistical Supplement. The fall is mainly on account of currency revaluation. This is the second week in a row that forex reserves have declined. In the earlier week, reserves had declined by $1.632 billion to $285.742 billion. In the week under review, foreign currency assets fell by $2.015 billion to $258.851 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies. Gold was unchanged at $18.182 billion. SDRs fell by $66 million to $5.181 billion. The reserve position in the IMF fell by $18 million to $1.429 billion. Forex Market in India - Indian rupee’s early strength checked by Stocks Written by admin on December 24th, 2009 in Forex Market in India.

India Thursday 24 December 2009: The Indian rupee strengthened on Thursday ahead of a long weekend, tracking higher regional units, but further gains were expected to be difficult after the stock market ran into resistance. At 10:40 a.m. the partially convertible rupee was at 46.75/76 per dollar, off an high of 46.72 but still 0.25 percent stronger than its previous close of 46.87/88. Financial markets will be closed on Friday and Monday for holidays. “It being a thin market, rupee is not strengthening as it should have tracking the equity market,” said V. Kumar, chief foreign exchange trader with State Bank of Travancore. Indian shares rose 0.7 percent in early deals but then gave up all their gains to be flat, after they had jumped 3.2 percent on Wednesday to their highest close since mid-October. All other Asian units were also stronger compared to the dollar. The index of the dollar against six majors was down 0.1 percent. The dollar hovered below a three-month peak against the euro and two-month high on the yen on Thursday as its rally stalled following news of a surprise drop in US home sales that dented optimism about the economy. Dealers said some month-end dollar demand from refiners and importers was likely to weigh on the rupee later in the session ahead of the long weekend. One-month offshore non-deliverable forward contracts were quoted at 46.73/83, little changed from the onshore spot rate. In the currency futures market, the most traded near-month contracts on the National Stock Exchange and MCX-SX were both quoting at 46.7575 respectively, with the total traded volume on the two exchanges at about $570 million. India Forex - Rupee appreciates by 11 paise to 46.76 vs US Dollar on Written by admin on December 24th, 2009 in India Forex.

India Thursday 24 December 2009 : The rupee appreciated by 11 paise to 46.76 against US Dollar in the early trade today, compared with its previous close of 46.76, on sustained selling of the greenback by exporters, traders at the interbank foreign exchange (Forex) said here. It had slid by six paise to 46.87 83 against the Dollar yesterday. The convertible rupee went see-saw in the intra-day trade, as it recorded its high and low at 46.76 and 46.72 respectively. The domestic currency was in recovery mode today as equity market opened in the green in line with other Asian markets, traders said. All other Asian units were also stronger compared to the dollar. The index of the dollar against six majors was down 0.1 per cent. Dealers said some month-end dollar demand from refiners and importers was likely to weigh on the rupee later in the session. Markets will be closed tomorrow for Christmas and on Monday for Mohurrum. Forex Rates India - Wednesday 23 December 2009 Written by admin on December 23rd, 2009 in Forex Rates India. The Foreign exchange rates in India are updated daily from the data as published by Reserve Bank of India. It covers the currencies – US Dollars, GB Pounds, Euro & Yen. Closing Forex Rate for Wednesday 23 December 2009: 1 USD - 46.8500 1 EURO - 66.7700 1 GPB - 74.7164 100 YEN - 51.0800 Thomas Cook India Forex - Major currencies fall on Wednesday 23 December 2009 Written by admin on December 23rd, 2009 in Thomas Cook India Forex.

India Wednesday 23 December 2009 : Following are the indicative currency notes and travellers’ cheques buying and selling rates per unit as given by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US Dollar 44.10 49.30 Sterling Pound 70.65 78.40 Euro 62.70 69.95 Australian Dollar 39.10 43.10 Bahrain Dinar 116.00 132.15 Canadian Dollar 41.15 46.30 Danish Kroner 08.20 9.55 Egyptian Pound 06.15 08.85 Hong Kong Dollar 05.50 06.55 Japanese Yen/100 47.70 53.10 Jordan Dinar 58.60 67.90 Kuwait Dinar 137.85 164.25 Malaysian Ringgit 12.20 14.85 New Zealand Dollar 30.15 34.85 Norwegian Kroner 07.30 08.50 Omani Rial 113.55 129.25 Qatar Rial 11.95 13.75 Saudi Rial 11.65 13.40 Singapore Dollar 30.40 35.60 South African Rand 05.35 06.45 Swedish Kroner 05.85 06.75 Swiss Francs 41.80 48.10 Syrian Pound 00.35 01.10 Thai Baht/100 129.30 152.45 UAE Dirham 11.90 13.50 Chinese Yuan 05.00 07.80. India Forex - Rupee dips by 2 paise to 46.83 against US Dollar on Wednesday 23 December 2009 Written by admin on December 23rd, 2009 in India Forex.

The Foreign exchange rates in India are updated daily from the data as published by Reserve Bank of India. It covers the currencies – US Dollars, GB Pounds, Euro & Yen. Closing Forex Rate for Tuesday 22 December 2009: 1 USD - 46.8000 1 EURO - 66.8800 1 GPB - 75.1772 100 YEN - 51.26