Reserve Bank of India

Indian Currency News

Gold hits new high as European debt worries resurfaceTuesday, September 7, 2010 @ 7:28PMThe price jumps $8.10 to $1,257.90 an ounce, surpassing the previous record of $1,257.20 set June 18. Gold closed at a record high Tuesday as fears of new financial-system trouble in Europe triggered another flight to assets perceived to be safe.

THE RUPEE: dollar crosses Rs 86 markTuesday, September 7, 2010 @ 6:08PMKARACHI (September 08 2010): The dollar crossed the high mark at Rs 86 on the currency market on Tuesday due to rising demand for the greenback, dealers said.

Tata Cap to beef up travel businessTuesday, September 7, 2010 @ 5:20PMMumbai, Sept. 7: Tata Capital — the financial arm of the Tata group — is trying to develop its travel-related business on the lines of American Express, albeit on a smaller scale.

Re weakens; bonds gainTuesday, September 7, 2010 @ 3:49PMThe rupee on Tuesday weakened by 5 paise to 46.59 a dollar in early trade as the US currency firmed up against other major world currencies. Dealers said weakness in other Asian currencies against the dollar mainly kept pressure on the Indian rupee.

Gold hits new high as European debt woes riseTuesday, September 7, 2010 @ 3:45PMGold closed at a record high Tuesday, surpassing its previous peak reached in June, as fears of new financial-system trouble in Europe triggered another flight to what investors perceive to be safe. October gold futures in New York rose $8.10...

Sensex hits 31-month high; rupee dropsTuesday, September 7, 2010 @ 3:38PMSustained buying by institutions helped Indian shares rise for the second consecutive session yesterday and end at a more than 31-month high, with gains led by Larsen & Toubro and cement stocks.

A Real Problem for ToyotaTuesday, September 7, 2010 @ 2:50PMThose recalls? Forget 'em -- Toyota has a real problem now.

Bank Note Maker Being Investigated in BritainTuesday, September 7, 2010 @ 2:20PMDe La Rue, which helps produce paper currency for 150 countries around the world, said the British authorities had been called in to investigate

The Hindu Business Line : Strength in JPY-INR futuresTuesday, September 7, 2010 @ 1:48PMThe rupee strengthened towards 46.5 over the past week, aided by the strength in equity prices and the Sensex hitting a 31-month high.