The dollar rose against the yen in Asia on Thursday, buoyed by recovery hopes after the Federal Reserve said the downturn in the US economy appeared to be slowing. The dollar firmed to 97.75 yen in Tokyo morning from 97.66 yen in New York late Wednesday, helped by an increase in ...

The five per cent duty incentive and rupee depreciation against the dollar seem to have revived cotton exports in the last three months. Of the total cotton exports of 9.5 lakh bales till March 31, about 5.97 lakh bales have been shipped in the first quarter of the calendar year 2009, ...

The dollar toped 100 yen for the first time in five months but weakened against other major currencies Friday as traders assessed the impact of a weak US employment on economic recovery prospects. At 2100 GMT, the euro fetched 1.3483 dollars from 1.3461 dollars late Thursday in New York. The dollar meanwhile ...

Mumbai, April 3 Cotton Corporation of India (CCI), the nodal government agency for procurement of cotton under MSP (minimum support price), has sold 61 lakh bales (lb) till March out of the total procurement of 88 lb. Mr S.C. Grover, Chairman and Managing Director, CCI, said: “We have sold 60.85 lb ...

The dollar dived against the yen Monday on fresh worries about struggling US carmakers General Motors and Chrysler after a task force said their plans for recovery are "not viable." The euro meanwhile slid against the dollar as investors anticipated that the European Central Bank (ECB) would reduce interest rates later ...

The dollar fell in Asian trade Friday after an overnight rally on Wall Street hinted at an easing of the US recession, prompting investors to look for riskier bets elsewhere. The greenback was weaker against the yen as Japanese investors repatriated overseas assets in preparation for the end of the country’s ...

The dollar was slightly weaker against the yen in Asia on Wednesday as investors weighed prospects of a US economic recovery in light of a Washington plan to cleanse banks of bad assets. The dollar slipped to 97.62 yen in Tokyo afternoon trade from 97.86 in New York late Tuesday. The ...

China has called for ditching the US dollar as the international reserve currency, sweeping away a decades-old system to stabilise the world monetary climate and protect its massive forex reserves. People’s Bank of China Governor Zhou Xiaochuan said he wants to replace the dollar, installed as the reserve ...

The 27-member high-powered taskforce to fight recession sits today, the first since it was formed on March 18, to take stock of the emerging situation of the country's economy as the fallout of the global recession and suggest measures to face the challenges. Finance Minister AMA Muhith, the taskforce convener, will ...

Asian currencies ended the week mostly stronger against the dollar as investor sentiment moved against the US currency. The yen gained ground during the week as rebounding stock markets reduced the dollar’s appeal as a safe haven, dealers said. The Japanese unit stood at 97.72 against the dollar late Friday, up from ...