FinMin to meet bank CEOs on December 5 to promote cross-border rupee trade

FinMin to meet bank CEOs on December 5 to promote cross-border rupee trade

Union Finance and Corporate Affairs Minister Nirmala Sitharaman. File | Photo Credit: PTI The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders, on December 5 to discuss ways to promote cross-border trade in the rupee instead of the U.S. dollar. Besides, sources said the meeting to be […]

Continue Reading
Rupee falls 9 paise to 79.03 against U.S. dollar in early trade

Rupee falls 9 paise to 79.03 against U.S. dollar in early trade

On the domestic equity market front, the 30-share Sensex was trading 20.63 points or 0.04% lower at 52,887.30 On the domestic equity market front, the 30-share Sensex was trading 20.63 points or 0.04% lower at 52,887.30 The rupee depreciated 9 paise to 79.03 against the U.S. dollar in opening trade on Monday, as persistent foreign […]

Continue Reading
Rupee recovers from record low, inches higher by 9 paise against U.S. dollar in early trade

Rupee recovers from record low, inches higher by 9 paise against U.S. dollar in early trade

Recovering from its record low, the rupee inched higher by 9 paise to 78.23 against the U.S. dollar in early morning trade on Thursday. At the interbank foreign exchange, the rupee opened at 78.26 against the American dollar, then inched higher to quote at 78.23, registering a rise of 9 paise from the previous close. […]

Continue Reading