Reserve Bank of India (RBI) governor Shaktikanta Das on Saturday said emerging economies such as India have no other option but to build their foreign-exchange reserves as a cushion against global sho...

The rupee on Friday surged 43 paise to close at 73.39 against the dollar, its best closing level in nearly six months, buoyed by sustained foreign fund inflows and weaker greenback against key rivals....

The Indian rupee on Wednesday crashed below the 73 mark against the dollar for the first time ever on strong demand for the US currency from importers amid rising global oil prices and unabated capita...

Indian Oil’s June-quarter net profit fell 47 per cent to Rs 3,737.50 crore from Rs 7,092.42 crore a year ago because of a drop in refinery margins and inventory gains.“The variation is majorly on ...

The rupee on Thursday surged past the 70-mark to a three-month high against the dollar, while key stock indices settled at their highest level in two months following dovish comments from the US Feder...

The rupee on Wednesday recovered from record low levels to settle higher by 15 paise at 76.68 (provisional) against the US dollar following gains in domestic stocks and some weakness in the greenback ...

The RBI is expected to open a forex-swap window for state-owned oil firms, anticipating a further spike in fuel prices once the US sanctions on Iran come into effect from November 4.Oil industry sourc...

Finance Commission chairman and former revenue secretary N K Singh feels the lesson to learn from the 1990s in tackling the current economic crisis is not to keep defending the rupee by using up forei...

The rupee on Wednesday received a boost from positive global factors amid expectations of more measures coming from the authorities to protect the currency.At the forex markets, the unit gained 61 pai...

The Enforcement Directorate (ED) has raided multiple locations in Calcutta, including some authorised foreign exchange dealers, amid murmurs that the aim was to track suspected hawala transactions of ...