On Tuesday, the rupee had lost 56 paise - the second biggest single-day fall of 2018 - to end at a new 16-month low of 68.07 as panic dollar demand rattled the currency market.
The RBI intervention is believed to have come after the rupee joined an emerging market currency selloff which prompted central banks from Indonesia to Turkey to intervene to stabilise their currencies.
The Indian rupee opened higher by 7 paise at 67.72 per dollar on Thursday against previous close 67.79.
Manchester United hold talks with Willian over switch
With Conte widely-expected to move on in the close-season there has been an air of uncertainty around the club in recent months. Midfielder Cesc Fabregas has acknowledged that Chelsea must show their passion during the FA Cup final with Manchester United .
Sharply rising U.S. dollar yields have boosted the dollar on worldwide exchanges, and the rupee was also coming under pressure from firm crude oil prices that will weigh on the country's already widening trade deficit. India is vulnerable to rising crude prices.
The central bank filed a 15-page response of its own, the Business Line reports, stating it shouldn't be tasked to take a decision on the legality of cryptocurrencies since there are government committees already tasked to study the implications of cryptocurrencies and propose a framework for their usage in the country. While this is significantly higher than $20-30 billion seen in recent years, there are concerns over whether the capital inflows would continue that could fund this CAD. "Macros are stacked against the rupee.and the possibility of rupee hitting 70 soon is increasing", forex advisory firm IFA Global said in a note.
So far this year, rupee weakened over 5.4% while foreign investors have bought $793.60 million and sold $3.26 billion in equity and debt markets, respectively. As per the RBI data, the country's forex reserves fell by $1.426 billion to $418.940 billion in the week to May 4.
The teaser only shows a glimpse of their sizzling hot chemistry and we can not wait for the full song to come out tomorrow. Race 3 also stars Anil Kapoor , Bobby Deol , Daisy Shah, and Saqib Saleem in the lead and will hit the screens on June 15.
Above the shock-resistant solar panel is 999 standard gilding and the rest of the modification features a carbon fiber material. The 64 GB version of the iPhone X Tesla is going for a measly $4,500, while the 256 GB model will set you back for $4,800.
He added that this has become more of an issue as the trading climate is now "so much more unforgiving". Mothercare will re-hire its former boss in a shocking U-turn as the company plans to shutter 50 stores.
Miles' 4-year-old daughter, Abigail Blumenstein and another child - Joshua Lew, 20 months - were killed that day. And now she has lost the unborn baby that she was carrying at the time, in a tragic development.
We've seen the Women's Big Bash League, the Kia Super League, and hopefully in a few years, the women's IPL. In this regard, the IPL Chairman Rajiv Shukla said in his statement: "The IPL will continue to be as usual".
By 2030, the world is projected to have 43 megacities with more than 10 million inhabitants, a lot of them in developing regions. The report also projected that the world's population itself will peak in a few years and decline by 2050.
Walmart announced earlier this month that it was paying $16 billion for majority control of India's online retailer, Flipkart. The firm has "Neutral" rating given on Wednesday, February 21 by UBS. (NYSE: WMT ) has "Hold" rating given by Credit Suisse.
He said the photographer veered in front of them, trying to get a clear shot. 'He would have moved heaven and earth to be there'. On Wednesday, Thomas Markle Jr, the brother of Ms Markle, visited Windsor to see where his sibling will marry Prince Harry .
OnePlus 6 passes scratch, burn, and bend testing
A YouTube channel by the name of JerryRigEverything has become the primary resource for smartphone durability tests online. All major smartphones are put through the scratch, bend, and burn tests on this channel to see how they hold up.
Longtime SEC Commissioner Mike Slive Has Passed Away
Slive is survived by his wife Liz of 49 years, his daughter Anna, son-in-law Judd Harwood and 6-year-old granddaughter Abigail. Nine schools either were under NCAA investigation or on probation. "It was clear it was not only an athletic decision", Mr.
Woman tortured to death by a pack of dachshunds
A woman in the USA state of Oklahoma has died after she was attacked and mauled by a pack of dachshunds last Thursday night. According to her obituary , Garcia is survived by a son and daughter. "This is just a bad deal all the way around".
Nintendo introduces new ways for fans to have fun at E3
Are you planning to register to play Super Smash Bros. for Switch at E3 2018? And if you want a cool pin, just bring your Switch. Those attendees confirmed for E3 by May 31 will receive an email around June 5 asking to make an appointment for Smash .
Ocado lands major Kroger Smart Platform deal
Currently, the two companies are looking for suitable locations to establish three automated warehouse facilities. Kroger has almost 2,800 shops across 35 USA states and annual sales of $122bn in 2017.
RCom shares dip on insolvency plea
Due to mounting losses, the company began to wind down its mobile operations from last November. The stock after making a weak opening further tanked 20 percent to Rs 9.95 on BSE.
Pitt-Penn State game goes national
The Nittany Lions announced Wednesday that their visit to their arch-rivals in Pittsburgh on September 8 will kick off at 8 p.m. The Pirates, set to play the Miami Marlins on the same day at 7:05 p.m. changed the start time of their game to 1:05 p.m.