Recently the Dubai Gold and Commodities Exchange launched the Mini Indian Rupee-Dollar futures contract with an aim to support retail remitters.

India's rupee is poised for a third weekly decline after the Federal Reserve indicated it may slow debt purchases, fueling concern that fund flows to emerging markets will reduce.

Indian rupee today weakened further by 10 paise to 55.69 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

India's rupee fell to a six-month low and bonds dropped after the Federal Reserve flagged the possibility of trimming its debt purchases, raising concern inflows to higher-yielding emerging-market assets will slow.

The U.S. dollar was at its highest for nearly nine months against the Indian rupee on Thursday on suggestions the U.S. Federal Reserve could taper its economic stimulus.

Most emerging Asian currencies on Thursday fell as a weak China manufacturing survey increased concerns over the world's no. 2 economy, adding to pressure on regional units generated by prospects of reduced inflows if the Federal Reserve scales back ...

The Indian rupee slipped further on Thursday hitting fresh six months low. The dollar gained against all major currencies after Bernanke's testimony indicated that the Fed may gradually taper off bond buying.

Buy Indian rupee on dips, advises Karvy. Karvy Stock Broking has come out with its report on currency. According to the research firm one can buy Indian rupee (USDINR) on decline. Karvy Stock Broking · More about the Brokerage... Source: Moneycontrol.

Indian rupee hits 6-month low at 55.41 on firm dollar. Indian rupee touched nearly a six-month low of 55.41 depreciating 30 paise on sustained dollar demand from importers and weakness in equity shares.

As seen in the below bar chart, out of 12 times, Rupee has depreciated nine times with biggest decline of more than 3 percent that was witnessed last year, correspondingly Indian benchmark indices fell by more than 7 percent. The fall in Indian ...