Rupee bounces back from record low; up 17 paise against dollar
Paring all losses of the previous trading session, the rupee on Tuesday recovered by 17 paise to 54.86 against the US dollar on the Interbank Foreign Exchange market in early trade, following measures
India's rupee hits new low of 55.20 against dollar
India's rupee hit an all-time low against the dollar for the fifth successive trading day on Tuesday amid concern about slowing domestic growth and continuing global uncertainty.
The Indian unit fell
Steps taken by India to support rupee
The Reserve Bank of India (RBI) announced further measures on Monday to curb speculative trading in the foreign exchange market, but the move failed to halt the rupee's slide to another record low.
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Rupee down 30 paise against dollar in late morning trade
The rupee on Monday dropped by 30 paise to 54.72 against the US dollar in late morning trade, due to on fresh demand for the American currency from banks and importers despite a weak global trend.
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RBI considering all options to check rupee slide
As rupee continued its downward slide, RBI deputy governor Subir Gokarn on Friday said all options are considered to check its fall.
The steps taken by RBI ‘has so far contributed to stability and c
Rupee at 5-month low, down 47 paise against dollar in early trade
The rupee on Wednesday fell five-month low by losing 47 paise to 54.26 against the US dollar on the Interbank Foreign Exchange market in early trade on increased capital outflows amid strong demand for the American currency.
What more can India do to support the rupee?
The Reserve Bank of India's (RBI) recent fight to defend the rupee has had muted success, with the currency hitting a record closing low on Monday despite several administrative measures as well as se
Rupee ends at record closing low of 53.9750
The rupee closed at a new provisional record closing low of 53.9750 to the dollar as global risk aversion spiked and as higher-than-expected domestic inflation data hit stocks by lowering expectations
Rupee gains 60 paise versus dollar in early trade on RBI measures
The rupee on Thursday recovered by a hefty 60 paise to 53.24 against the US dollar in early trade on the Interbank Foreign Exchange market after the Reserve Bank tightened norms for utilisation of
RBI further eases norms on FX deposits
The Reserve Bank of India (RBI) eased restrictions on the usage of foreign currency deposits on Wednesday, just days after its move to relax the interest rate ceiling on such deposits.
The RBI has al