The rupee staged a good comeback, recuperating by a sharp 30 paise to end at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground.
Rupee recovered from its near 1-month low to trade 32 paise higher at 68.06 against the US dollar in early session on fresh selling of the American currency.
The rupee nosedived 39 paise to hit a near one-month low of 68.38 against the US dollar as escalating trade threats between the world's two biggest economies continued to spiral.
Rupee tumbled by 12 paise to a fresh 3-week low of 68.11 against dollar in late morning trade on sustained demand for the American currency from importers and banks.
Rupee traded lower by 4 paise at 68.03 against the US dollar in early trade today, pressured by a lower opening in the domestic stock market.
The rupee staged a recovery towards the fag-end of the session today and ended with a marginal 2 paise gain at 67.99 against the US dollar even as geopolitical worries continued.
The gold and diamond jewellery business is likely to be negatively impacted in short-term following rising prices, depreciating rupee and geopolitical tensions between the US and China.
Rupee pared morning losses and was trading 1 paisa higher to 68 against the American currency in late morning deals amid bouts of dollar-selling by banks and exporters.
Rupee weakened by 15 paise to hit a fresh 3-week low of 68.16 against dollar in early trade, pressured by appreciation of the American currency overseas.
Fluctuations in crude oil prices and the direction of foreign fund flows will decide rupee's movement against US dollar next week, feel experts
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20