Rupee recovers from record lows as dollar rally ease, jumps 21p to end at 68.84

Jul 20 2018

The rupee today staged an impressive rebound from life-time low levels, surging by 21 paise to end at 68.84 against the US dollar on suspected the central bank's intervention to check volatility in currency markets.

Euro zone banks at risk if rates rise sharply: IMF

Jul 19 2018

Euro zone banks would face a “material impact” on their capital and cash positions if interest rates rose abruptly, the International Monetary Fund said on Thursday, urging local watchdogs to sharpen up their analytical tools.

Rupee suffers 43 paise knock to end at life-time low of 69.05 against dollar

Jul 19 2018

The rupee today took a hard 43-paise knock to close below the 69 level for the first time at a historic low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback to one-year high levels higher against global currencies.

EU Commission steps up legal battle against Slovenia over ECB data incident

Jul 19 2018

The European Commission said on Thursday it had sent a new request to Slovenia to clarify its seizure of European Central Bank data in 2016 after Slovenian authorities failed to provide a satisfactory response to EU queries about the incident.

ECB to hike rates before next downturn, say confident economists: Reuters poll

Jul 19 2018

European Central Bank will raise rates in the second half of next year, according to a Reuters poll of economists, who were confident that will be before the next economic downturn.

Rupee pulls away from 2-week high, down 17 paise at 68.62

Jul 18 2018

The rupee fell back sharply from a two-week high, depreciating by 17 paise to end at 68.62 against the US currency on renewed dollar demand from banks and importers even as crude oil hovered near its multi-month lows.

Euro zone inflation confirmed at 2.0 percent in June

Jul 18 2018

Annual inflation in the 19 countries sharing the euro currency rose to 2.0 percent in June, European Union statistics office Eurostat said on Wednesday, confirming an earlier flash estimate.

ECB shouldn't tie its hands too early on policy: Rehn

Jul 18 2018

European Central Bank should not tie its hands too early when it comes to future monetary policy decisions but look instead at how the economy pans out, Finland’s new central bank governor Olli Rehn told Reuters.

Rupee bounces 12 paise to end at 2-week high as crude oil ebbs

Jul 17 2018

The rupee today bounced back to settle at a fresh two-week high of 68.45 against the US currency, gaining 12 paise as crude oil prices beat a hasty retreat, easing inflation and trade deficit worries.

Rupee snaps 3-day rise as rising inflation fans rate hike fears

Jul 16 2018

The rupee retreated from a near two-week high and ended lower by 4 paise at 68.57 against the US currency, snapping a three-session recovery trend due to renewed dollar demand.

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