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Bitcoin exchange itBit seeks New York banking licence
Sat, Apr 25 2015. 01 17 AM

Bitcoin exchange itBit seeks New York banking licence

The application is part of itBit’s plan to expand its business into different corners of financial services, and present itself as a trustworthy, reputable firm
Rupee closes at over three-month low of 63.56 against dollar
Fri, Apr 24 2015. 05 47 PM

Rupee closes at over three-month low of 63.56 against dollar

The rupee closes at 63.56 per dollar, down 0.38% from its previous close of 62.32, and its lowest level since 6 Jan
Rupee closes at three-month low against dollar at 63.32
Thu, Apr 23 2015. 06 17 PM

Rupee closes at three-month low against dollar at 63.32

The rupee closes at 63.32 per dollar, down 0.77% from its previous close of 62.83 on sustained dollar demand from foreign and nationalized banks
Facebook sales miss estimates due to strong dollar
Thu, Apr 23 2015. 08 54 AM

Facebook sales miss estimates due to strong dollar

Sales rose 42% to $3.54 billion, when they could have risen 49% without the currency effects, Facebook said
Rupee closes marginally higher against dollar at 62.83
Wed, Apr 22 2015. 06 03 PM

Rupee closes marginally higher against dollar at 62.83

Indian rupee recovered from its intra-day lows after the stock market reversed its losses and ended higher
Rupee closes stronger against dollar at 62.85
Tue, Apr 21 2015. 10 00 PM

Rupee closes stronger against dollar at 62.85

The Indian rupee recovered from its morning lows on possible intervention by the Reserve Bank of India to close stronger against the dollar
IBM sales fall for 12th quarter, currency weighs
Tue, Apr 21 2015. 10 46 AM

IBM sales fall for 12th quarter, currency weighs

Net income fell slightly to $2.33 billion for the quarter ended 31 March from $2.38 billion a year earlier
RBI’s rupee management undermines hedging push
Tue, Apr 21 2015. 10 36 AM

RBI’s rupee management undermines hedging push

The effect of removing excess rupees from the system as RBI sterilises the inflationary effect of money supply has further driven up rupee interest rates above dollar rates
Boom now; devaluation later
Tue, Apr 21 2015. 01 04 AM

Boom now; devaluation later

When China’s growth slowdown becomes truly unbearable, a devaluation will be firmly on the table and will be carried out
India’s reserves rise $20 billion in Q1, buck slower reserve growth trend
Mon, Apr 20 2015. 09 57 PM

India’s reserves rise $20 billion in Q1, buck slower reserve growth trend

Indian reserves stood at $343 billion at the end of March 2015, a jump of almost $40 billion from a year ago

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