MRIGANK DHANIWALA
Rupee ends at record low vs US dollar as Asian peers slip
The Indian currency has been hovering near its record low of 83.5750, a level it reached in April. However, regular market intervention by the Reserve Bank of India has helped to curb further decline, according to traders. Last week's trading was notably volatile due to the national election results, prompting increased hedging activity from importers and exporters, as indicated by data from a local clearing house.
Rupee dips on weak Asia, more equity losses
The rupee was at 83.52 to the U.S. dollar at 11:06 a.m. IST, down from 83.50 in the previous session. India's Nifty 50 Index, adding to last week's decline, dropped nearly 1% to the lowest in three weeks.
Rupee ends higher on foreign, state-run banks' dollar sales; rises on week
Dollar sales picked up after the rupee managed to hold above 83.45 despite a raft of weak global cues, a FX trader at a foreign bank said.
Rupee ends slightly higher, forward premiums maintain downtrend
The rupee weakened to an intra-day low of 82.8875 earlier in the session but dollar sales from exporters and a large foreign bank in the latter half helped it recover, a foreign exchange trader at a state-run bank said.
Rupee logs second weekly rise; weakens on day due to importer dollar demand
The Indian rupee inched lower on Friday due to dollar demand from importers and oil companies, but clocked weekly gains on the back of foreign fund inflows into the share and bond markets.
Japan's Nikkei softens on profit-taking as investors weigh earnings
The Nikkei index closed down 0.53% at 36,160.66, with 70 of the index's 225 constituents gaining against 154 decliners.
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Rupee ends little changed, forward premiums retreat
The Indian rupee settled little changed on Monday, supported by likely U.S. dollar sales by the Reserve Bank of India (RBI) while rupee forwards premiums retreated amid a rise in U.S. bond yields.
Rupee ends marginally lower, notches slight weekly decline
The Indian rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors turned their attention to a crucial U.S. labour market report due later in the day.
Rupee ends flattish even as dollar hovers near 3-month low
"When the dollar index was at 107, we were near 83.30. Now the dollar index is at 102, we're still near 83.30," a foreign exchange trader at a private bank said.
ICICI Lombard Q2 Results: Pre-tax profit rises 25% on higher premium collection
ICICI Lombard General Insurance, backed by ICICI Bank, has reported a 25.3% increase in pre-tax profit for the second quarter, driven by higher premiums and investment income. Profit before tax rose to INR 7.64 billion ($91.80 million) from INR 6.10 billion a year earlier, while profit after tax fell 2.2% to INR 5.77 billion due to higher provisions for tax.
India bond yields edge higher ahead of fresh supply
India is one of the largest importers of the commodity. Inflation eased to 6.83% in August from 7.44% in July but remained above the central bank's target band for second consecutive month.
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