RBI moves will boost supply of foreign currencies in market as exporters will now have to sell, says Credit Agricole. However, exporters can buy FX only after utilizing all they have sold in their

The rupee trimmed some of its earlier gains against the dollar, thought it remains well above the session lows after the RBI said it would require exporters to convert 50 percent of their existing

The Reserve Bank of India said exporters will be required to convert 50 percent of their foreign exchange holdings into rupees, in a move that traders say could boost the sagging local currency.

​Market Recap: May USDINR closed at 53.39, up 22 paise. Spot USDINR closed at 53.85 from 53.14 and traded the range of 53.43-53.85. USDINR registered sharpest single day percentage gain at 1.33%.

The rupee continued its downward slide due to the euro zone crisis, closing at an all-time low of 53.83 a dollar today. Though the Reserve Bank of India (RBI) intervened by selling dollars, it was

The rupee suffered its biggest percentage fall in nearly five months against the dollar on Wednesday as investors pull out of global risky assets, sparking a new round of suspected intervention from

The Reserve Bank of India (RBI) likely sold dollars via state-run banks around 53.80 rupee levels, five dealers said. The RBI has been actively propping up the rupee over the last few sessions as

The rupee extended losses and was at 53.4750/4800 vs 53.12/13 last close, on global risk aversion, with euro close to a three-month low. State-run bank dealer says exporters holding back, looking to

Rupee is trading at "attractive fundamental levels," says Credit Agricole, in rare positive call amid a recent slew of analyst warnings about the currency. Rupee has seen significant Real Effective

​Market Recap: May USDINR closed at 53.39, up 22 paise. Spot USDINR closed at 53.14 from 52.91 and traded the range of 52.67-53.31. USDINR after a weaker start regained upward momentum with