The Indian rupee weakened on Monday hurt by losses in local shares and other regional currencies, but dollar sales from some exporters stemmed steep falls in the local unit. Dealers expect the rupee to continue to remain vulnerable to the risk aversion seen globally pushing it further down in the near term but are still [...]

The rupee fell to its lowest in nearly two weeks on Wednesday as the euro lost ground against the dollar on a bout of risk aversion while a decline in Asian stock markets raised concerns about the momentum of capital inflows. The partially convertible rupee ended at 46.70/71 per dollar, off an intraday low of [...]

The country’s leading bourses are gearing up to start trading in currency options, a move that provides another alternative to traders for hedging against currency fluctuation. While, the MCX Stock Exchange (MCX-SX) has started mock trading in currency options, two other bourses, the National Stock Exchange and the United Stock Exchange, are likely to launch [...]

Even as speculation is rife on the fallout of Jignesh Shah-promoted MCX-SX dragging Sebi to court, the Bombay High Court has set August 10 as the date for the hearing the petition. All roads will lead to HC on that day since this is the first-ever instance of an entity taking a regulator to court [...]

A new name in the sphere of exchanges crops up off and on nowadays. That of 50-year-old Gaurav Arora, MD of the Delhi-based brokerage Jaypee Capital, which runs a large prop book through which it pumps up volumes across currency, equity and commodity futures segments. Some time ago, Mr Arora’s aspirations grew bigger and he [...]

The Indian rupee eased on Tuesday as some foreign banks bought the dollar cheaper locally to sell at a higher rate in the offshore non-deliverable forwards market and take advantage of the price differential. The partially convertible rupee ended at 46.89/90 per dollar, about 0.2 per cent weaker than Monday’s close of 46.78/79. It moved [...]

The rupee continued to trade largely steady in afternoon trade on Monday as positive sentiment following the central bank’s rate increase was offset by a choppy domestic sharemarket. The Reserve Bank of India raised interest rates almost a month earlier than expected on Friday, and analysts said it would likely follow up the quarter-point hike [...]

The Indian rupee was flat in afternoon trade on Friday tracking a largely steady domestic sharemarket. The partially convertible rupee was at 46.60/61 per dollar, little changed from 46.58/59 at close on Thursday, when it had hit 46.79 during trade, its lowest since June 11. The rupee has so far traded in a range of [...]

Anil Ambani group firm Reliance Capital, MCX SX and B K Modi’s Spice Group have evinced interest in picking up a stake in the Over-The-Counter Exchange of India (OTCEI). “MCX, Reliance Capital and Spice have submitted their bids for a stake in OTCEI,” sources in the know of the development said. OTCEI is one of [...]

Asia’s oldest bourse The Bombay Stock Exchange (BSE), is planning to set up a separate exchange for small and medium-size enterprises (SMEs), a senior BSE official said. “We plan to start a SME exchange as per market regulator SEBI’s guidelines. With this, we are targeting a wide range of customers. Currently, our discussions are on [...]