Rupee

The KSE -100 index slid further downwards today with relatively higher volumes of 13.4 million shares traded. Bank Alfalah’s volume of 4.476 million shares traded today was higher than the total volume of shares traded on Friday. The horizon looks bleaker as the rupee had an enormous slide today(2.5%) closing at 71.80 to the dollar, [...]

Nifty CMP : 4517If you noticed the entired month of June you find that FII's remain the net sellers for the entire month of June upto date.   Why FII's are selling? Did they feel that our market is vulnurable to invest? The Questions are simple to ask but the explainations are difficult? Which i tried to put it in front of you and tried to equate the YEN,USD,RUPEE mismatch to t

The currency of the Zelda series is called the Rupee, and is used in the lands of Hyrule, The Great Sea, Koholint Island, Termina, Labrynna, and Holodrum. Rupees resemble hexagonal crystals or gems, and come in various colors which determine value. Rupees are acquired primarily by defeating enemies, cutting tall grass or bushes, or by opening treasure chests, and they are used primarily to purcha

In early trading in the forex market, the Indian Rupee (INR) breached the Rs. 43 to the US dollar mark. With the crude oil prices rising steadily week on week, the Indian Rupee is expected to further depriciate against the USD. For export houses which had aggressively hedged their positions in the forex derivatives market, this [...]

The Indian rupee rose today as the exporters had to convert their overseas earnings after the India’s currency has been losing significantly to the U.S. dollar in May. The rupee recovered from two days of losses this week as the oil continued to drop today, easing the concerns that the commodity importers will have to sell even more rupees for dollars. On the other hand, large exporters found 13

The million rupee question is, “Picture ki opening kitni lagi?” And when Yash Raj Films’ (YRF) Tashan failed even to garner a decent opening both on domestic as well as foreign shores, people inside and outside YRF were a worried lot. Budgeted at Rs 40 crore, the movie opened with an initial of 52% in the first week, with collections dropping to 35% in the second week. The failure to rea

The spot rupee reached a fresh 13-month low of 42.90 against the dollar following heavy purchase of the US currency by oil companies and banks but recovered to close at 42.51. The rupee-dollar exchange rate of 42.91 is the lowest since April 12, 2007. Friday's close meant that this week, the rupee dropped 2.2 per cent against the dollar, after a 2.3 per cent fall last week. In 2008, the rupee has

The spot rupee reached a fresh 13-month low of 42.90 against the dollar following heavy purchase of the US currency by oil companies and banks but recovered to close at 42.51. The rupee-dollar exchange rate of 42.91 is the lowest since April 12, 2007. Friday's close meant that this week, the rupee dropped 2.2 per cent against the dollar, after a 2.3 per cent fall last week. In 2008, the rupee has

Rupee has come off the highs and is trading at 42.73/$. It touched the high of 42.79/$. Rupee has slipped 1.98% in the last 5 days from 12 May 2008.This is way too high it was like trading at 40 or so a month back , so the IT industry doesn’t have anything to worry [...]

The rupee fell to the lowest level since April 2007 on speculation that record crude oil prices will widen the nation's trade and current account deficits, increasing demand for foreign currencies. The rupee declined for a third day as local refiners increased dollar purchases to pay for imports of crude oil, which reached an all-time high of $126.98 a barrel in New York yesterday. The currency al

source - Times Of India website ---- Indian expatriates in UAE have demanded a compensation package from the Indian government as appreciation of the Indian rupee impacted their remittances back home. The demand follows a study conducted recently by the Centre for Socio-economic and Environmental Studies, Kochi. The study focused on the impact of rupee appreciation on the economy of Kerala, which

Mumbai, The rupee surrendered early gains on Tuesday, hitting fresh one-year lows as it extended the previous session`s sharp fall as banks and companies bought dollars on concerns about a domestic slowdown. At 9:36 am, the partially convertible rupee was at 42.14/42.15 per US dollar, its lowest since mid-April 2007 and … A news by AsianLoveStories.com. [...]

Heavy dollar demand from oil companies and other corporates have pushed rupee down to an eight-month low on Tuesday. The domestic currency opened lower at 40.65 and touched an intra-day low of 40.98/99. It ended the day at 40.96, about 35 paise lower than the earlier close of 40.61/62.International oil price also touched a record high of $121 a barrel on threats to supply in Nigeria and Iraq and growing global fuel consumption. Most oil companies stock up on oil supplies before the monsoon, to avoid the difficulties they could face in transportation. Therefore, the rupee typically weakens in the first quarter of the fiscal.Further there seems to be corporate demand for dollars possibly for remittances abroad. The remittances may be for completing acquisitions overseas. Companies such as Ta

Meanwhile the BSE Sensex was down 87.49 points or 0.50% to 17,285.52India`s second largest software exporter by sales TCS was the top gainer from Sensex pack. The stock surged 3.22% to Rs 968.05 on 4.46 lakh shares.Other Infosys Technologies (up 1.36% to Rs 1846), Wipro (up 0.30% to Rs 499.80), and Satyam Computers (up 0.20% to Rs 496.20), advanced.The BSE IT sector outperformed the market over the past one month till 6 May 2008, gaining 18.87% compared to the Sensex`s return of 10.26%. It also outperformed the market in the past one quarter, advancing 14.93% compared to Sensex`s decline of 4.23%.A firm dollar augurs well for IT pivotals as they derive majority of revenue from exports. The Indian rupee fell further sharply by 19 paise to Rs 41.13/14 against the American dollar as oil compa

Heavy dollar demand from oil companies and other corporates have pushed rupee down to an eight-month low on Tuesday. The domestic currency opened lower at 40.65 and touched an intra-day low of 40.98/99. It ended the day at 40.96, about 35 paise lower than the earlier close of 40.61/62. International oil price also touched a record high of $121 a barrel on threats to supply in Nigeria and Iraq and growing global fuel consumption. Most oil companies stock up on oil supplies before the monsoon, to avoid the difficulties they could face in transportation. Therefore, the rupee typically weakens in the first quarter of the fiscal. Further there seems to be corporate demand for dollars possibly for remittances abroad. The remittances may be for completing acquisitions overseas. Companies such as

Beating expectations, the Indian rupee on Tuesday tumbled by 34 paise to eight-month low at 40.94/95 against the greenback today as global crude prices hit a new record high, sending oil companies to rush for US currency amidst its short supply.In brisk trade at the Interbank Foreign Exchange market, the local currency resumed weak at 40.67/68 a dollar from its last close of 40.60/61 a dollar and gradually moved downwards to near 41-level during the day.The rupee had seen this level last on September 4, 2007 when it closed at 40.9750/9850.The rupee premiums on forward dollar ended further lower on sustained receivings by exporters.The benchmark six-month forward dollar premiums payable in October ended at 31-1/2 - 33-1/2 paise, down from 33-35 paise on Monday and the far-forward maturing i

KARACHI: The dollar rose sharply against the Pakistani rupee after aggressive buying on Friday.The US currency, which had traded at Rs 64.75 on Wednesday, rose to as high as Rs 65.25 on Friday. A banker told Daily Times that many banks were short of dollars. “They were aggressively buying the US currency, which pushed its value up sharply,” he said. “There were fewer sellers than buyers.” However, he said there was no injection from the central bank.To prevent a sharp slide of the rupee, the State Bank of Pakistan has been intervening in the market in the recent past, which has depleted foreign exchange reserves.Sources said it was all-time low level for the Pakistani rupee. “It shows how weak our economy is at this time. All over the world the dollar is losing value against majo

India's rupee, South Korea's won and Vietnam's dong will weaken as soaring oil and food import bills widen the nations' current-account deficits, said ABN Amro Bank NV. Gains in Asian foreign-exchange rates are ``no longer a given'' and will only be sustained in countries with a strong surplus like China, Singapore and Taiwan, said Irene Cheung, a currency strategist at ABN Amro. The current

The Indian Rupee rose 0.18% against the US Dollar on Apr. 10, 2008.The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.95 on Apr. 10, 2008, as against Rs 40.02 on Apr. 09, 2008.The domestic currency depreciated 0.43% versus the Euro on the same day. The reference rate for Euro stood at Rs 63.24 on Apr. 10, 2008, as against Rs 62.97 on Apr. 09, 2008.As revealed in the table below, the local currency appreciated 0.17% against the Great Britain Pound (GBP), and 1.18% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN Apr. 9, 2008 78.7774 39.12 Apr. 10, 2008 78.9112 39.58 Note :The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate.

The Indian Rupee remained steady against the US Dollar on Apr. 3, 2008.The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.95 on Apr. 3, 2008, as against Rs 39.98 on previous day i.e. Apr. 2, 2008. While, the domestic currency moved down 0.39% versus the Euro on the same day. The reference rate for Euro stood at Rs 62.49 on Apr. 3, 2008, as against Rs 62.25 on Apr. 2, 2008. As revealed in the table below, the local currency depreciated 0.41% against the Great Britain Pound (GBP), and 0.84% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN April 2, 2008 79.0904 39.17 April 3, 2008 79.4166 38.84 Source: RBINote: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate w

Today when I was just going through the various materials and other my fellow blogger reviews about the market today and know their views and ideas how it going to be tomorrow, i came across this wonderful point one of fellow blogger( thank your siva) had made. By going to the site i was quite surprised to see how much fantastic and help full this resource could be for those who are just staying away from market due to fear and lack of knowledge. This is the very same technique i used to make myself accustomed with market and shares and the trends, and still i do it at times of crisis when the market is volatile and some thing extraordinary is catching up, but the only difference is i do it on my own with my own style with papers. This is a good platform for t

Enjoy with Future India after 50 Years.What happens if 1 rupee = 45 dollars !............ ......... ....Scene 1: Venue : Microsoft Corporation, New York , US Some s/wSome software engineers are Watching some photographs. s/w engg 1 : What's that? s/w engg 2 : Bob's photographs from India .. s/w engg 1 : Wow. Let me see. Which is this place?s/w engg 3 : (Sees the photo) This is Mumbais/w engg 1 : Fundoo yaar! And what is this? He got Bajaj Pulsar also. s/w engg 2 : Let me see (sees). This guy enjoys life maan...s/w engg 3 : You know how much an Bajaj Pulsar costs? Nearly 60K..... Say it in dollars... (60000*45 = 27,00,000 dollars) s/w engg 2: Oops. We can't dream of such a thing here. s/w engg 1 : Let's go to India & try for a job. [Everybody excited.]SCENE 2: Venue: Sun Microsystems, S

Enjoy with Future India after 50 Years. What happens if 1 rupee = 45 dollars !………… ……… …. Scene 1: Venue : Microsoft Corporation, New York , US Some s/w Some software engineers are Watching some photographs. s/w engg 1 : What’s that? s/w engg 2 : Bob’s photographs from India .. s/w engg 1 : Wow. Let [...]

Enjoy with Future India after 50 Years. What happens if 1 rupee = 45 dollars !………… ……… …. Scene 1: Venue : Microsoft Corporation, New York , US Some s/w Some software engineers are Watching some photographs. s/w engg 1 : What’s that? s/w engg 2 : Bob’s photographs from India .. s/w engg 1 : Wow. Let [...]

The rupee improved by another seven paise to 40.44/45 against the US dollar in late morning deals on the back of sharp recovery in equity markets and expectations of fresh capital inflows after US Federal Reserve interest rate cut last night. In quite trade at the forex market, the local currency opened remarkably higher at 40.36/38 a dollar from yesterday's close of 40.51/52 a dollar. Dealers attributed rally in the rupee to sharp surge in Asian equity markets. Later, the rupee was quoted slightly lower but still up at 40.44/45 in late morning deals.

The Indian Rupee gained 0.37% against the US Dollar on Mar. 18, 2008. The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 40.62 on Mar. 18, 2008, as against Rs 40.77 on previous day i.e. Mar. 17, 2008. Similarly, the domestic currency appreciates 0.60% versus the Euro on the same day. The reference rate for Euro stood at Rs 64.09 on Mar. 18, 2008, as against Rs 64.48 on Mar. 17, 2008. As revealed in the table below, the local currency rose 0.98% against the Great Britain Pound (GBP), and 0.29% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN March 17, 2008 82.1047 41.90 March 18, 2008 81.2989 41.78 Source: RBI Note: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee r

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The Indian Rupee dropped 0.79% against the US Dollar on Mar. 17, 2008. The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 40.77 on Mar. 17, 2008, as against Rs 40.45 on previous day i.e. Mar. 14, 2008. Similarly, the domestic currency depreciates 2.03% versus the Euro on the same day. The reference rate for Euro stood at Rs 64.48 on Mar. 17, 2008, as against Rs 63.20 on Mar. 14, 2008. As revealed in the table below, the local currency gains 0.18% against the Great Britain Pound (GBP), but weakened 3.92% against the Japanese Yen (taking into account 100 Yen). Date Currency 1 GBP 100 YEN March 14, 2008 82.2551 40.32 March 17, 2008 82.1047 41.90 Source: RBI

1) thisisrupee.com 2) You Never Know 3) Festival Again 4) Uh Oh 5) Skin 2 Skin 6) Victory 7) If I Can't If You Only Knew [feat. Destra] 9) Enjoy Yourself [feat. Red Rat] 10) Helpless 11) Hold Me Tight 12) Tempted To Touch 13) thiswasrupee.com 14) D.T.D.T [Bonus] 15) Skin 2 Skin [Bonus] [Drew's Mix]Descargar: caymanzmami

INR has been doing so well for the past one year or so to the extent that $1 USD was equal to Rs.38 INR sometimes. However in the recent days the USD has been doing good against INR and the rupee value as on today is Rs.39.91 against $1 USD which is good for the NRI in the US while it certainly is not good for Indian economy. At times I feel whether to be happier for folks in the US or to feel sad that the inflation is more in India.

The rupee slipped in early deals on Monday on concerns that losses in Asian markets should prompt overseas investors to pare holdings in local assets, amid fears of a recession in the United States, dealers said.At 9:15 am the partially convertible rupee was at 39.345/355 per dollar, slipping from the previous finish of 39.29/31. It struck a decade-high of 39.16 in November.Shares fell for a fifth successive day as global gloom prevailed with Friday's drop of 3.5 per cent taking the market's losses for the week to 8.7 per cent, its biggest weekly slide since May 2006.In 2007, foreign fund buying of a record $17.4 billion of stocks was a key driver for the rupee's rise of more than 12 percent. Foreigners sold about $1.1 billion worth of shares on Wednesday and Thursday, weighing on the loca

The sector that has been a fence sitter throughout the spectacular stock matter rally, is Information Technology (IT), whose main concern has been the appreciation of the Rupee, which breached the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NEW DELHI: Rupee-millionaire club in Bangalore is the most crowded in India. The IT capital of India has the largest number of households with income of Rs 10-lakh (per year) and above. With 3.3% of the total 31,17,843 households in the country earning...(read more)

Yesterday, I looked at the performance of five international equity markets including Australia, Canada, Korea, Hong Kong, and Japan. This was an update to my post, How currency appreciation compounds the returns on foreign equities for U.S. investors. With the exception of Japan’s Nikkei 225, all of these equity markets outperformed the S&P 500 in [...]

NRIs park their foreign currency savings in either the non-resident (external) rupee accounts (NR(E)RA) and the foreign currency non-resident (bank) accounts (FCNR(B)). Of these, the FCNR (B) deposits do not involve any exchange-related arbitrage since the accounts are denominated in foreign currency. A rising rupee appears to have failed to catch the attention of NRIs. A stronger rupee gives

The Statesman: Rupee at nine-year high against $Excerpt:"The rupee today came close to breaching the 42 per dollar level as it strengthened further to a nine-year high of Rs 42.0325 against the US currency during mid-session. It was last quoted at this level in June 1998."http://www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=153754Alex

I was sitting with my pakistani friend. he had recently visited pakistan. He told me while he was walking in the bazaar he saw one beggar who was begging with a professional way. He took pity and gave him a one pak rupee …. he was surprised when the begger returned him back the coin… later he was told by some one that beggars accept minimum of RS 5.00……..Interesting…… Be sure you have Rs 5.00 to give to begger.

I was sitting with my pakistani friend. he had recently visited pakistan. He told me while he was walking in the bazaar he saw one beggar who was begging with a professional way. He took pity and gave him a one pak rupee …. he was surprised when the begger returned him back the coin… later he was told by some one that beggars accept minimum of RS 5.00……..Interesting…… Be sure you have Rs 5.00 to give to begger.

From the Oanda forum: The following new pairs are available on FXGame: EUR/TRY (Euro/Turkish Lira) USD/TRY (US Dollar/Turkish Lira) USD/INR (US Dollar/Indian Rupee) USD/TWD (US Dollar/New Taiwan Dollar) USD/CNY (US Dollar/Chinese Yuan) Please note that these pairs are being deployed on a beta basis as we work through operational issues ensuring the stability of underlying bank links. To add these new pairs, you will have to clear you Java cache by following the instructions here: http://fxtrade.oanda.com/help/clear_cache.shtml You will then have to add the new pairs by accessing the Tools -> "User Preferences" -> Quotes (tab) And adding them to your "Quote List".Goodie! It means these exotic currency crosses will be there for us to trade on FXTrade real soon. Will update on Monday to give you the spreads and interest rates of these new pairs.

New Delhi, On the back of a weaker rupee, country's second largest software exporter Infosys Technologies Friday reported a 21 percent rise in its net profit to Rs 1,302 crore for the quarter ended June 30, 2008. Infosys had a consolidated net profit of Rs 1,079 crore for the quarter ended ...