Reserve Bank of India (RBI) is thought to have intervened within the foreign currency market

The Reserve Bank of India (RBI) is thought to have intervened within the foreign currency market today to check on the slide within the local currency, based on reports.

The central bank will probably have offered dollars in the foreign exchange market at around 49.15, the reviews quoted dealers because saying.

The rupee retrieved partially following the RBI’s intervention however fell once again and had been last estimating at 49.2550 per dollar. The rupee lost almost 2% today. It experienced closed from 48.33 yesterday.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

What Is a Premium Price

What Is a Premium Price Securities are usually released in denominations of Rs 10, 20 or 50. This is called as the Par Value or Face Value as mentioned previously. ...…

Foreign Institutional Investors In India

Foreign Institutional Investors In India Foreign capital flows have come to be acknowledged as one of the significant sources of funds for economies that would like to raise at a ...…

Share Market investment objective

Share Market investment objective your Investment objective? they invariably answer earn money with no risk. Even though all investments have an element of threat, including the possible loss of principal, ...…

Primary Markets?

Primary Markets? The market in which investors have the initial opportunity to buy a newly issued security ( IPO ). Companies and other groups obtain financing through ...…

Money Definition

Money Definition A government issue money in the form of  currency, coins  and  paper. Money in these forms Serves As a Medium For All Financial transactions. ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics