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A shopkeeper poses for a picture as he counts Indian currency notes at his shop in Jammu

Rupee falls; oil firms, corporates buy dollars
Rupee falls further to 55.58/59 per dollar, versus 55.1850/1950 close on Monday, heading to its first fall after three previous sessions of gains. Losses in the euro help boost sentiment for the dollar, while oil companies and corporates also seen buying the greenback. Dollar demand from oil firms usually peaks towards the end of each month, as they need to pay their import commitments. Traders

Expert View: Rupee outlook on Tuesday

Market Recap: May USDINR closed at 55.21, down 18 paise. June USDINR closed at 55.46, down 24 paise. Spot USDINR closed at 55.18 from 55.37 and traded the range of 55.01-55.36. USDINR opened weaker

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Re fall has minor impact on India?s rating, says Moody's

The sharp fall in the value of the rupee against the dollar — the domestic currency crossed Rs 56 last week — had insignificant impact on India’s sovereign rating, Moody’s

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Rupee slump costly for India Inc convertible bonds

When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an

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Rupee gains for third session in quiet day

The rupee rose for a third successive session on Monday, its biggest winning streak against the dollar in over two-and-half months, as a recovery in global risk sentiment helped local stocks post

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India to sell 150 bln rupees of bonds on Friday-RBI

India will sell 150 billion rupees ($2.7 billion) of bonds on June 1, the Reserve Bank of India said in a statement on Monday. The government will sell 40 billion rupees of 8.19 percent 2020 bonds,

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