After plunging to a new low of 56.38, the rupee on Thursday staged a smart recovery to close at 55.64 against the dollar to snap the three-day string of losses as RBI intervention saw increased dollar

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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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

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

India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed.

Forex reserves had risen by $758.3 million to $295.36 billion

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

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

The Reserve Bank of India made a dramatic move to prop up its battered currency on Thursday, requiring exporters to sell half the foreign currency in their accounts, which helped to strengthen the rup

India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by $1.46 billion to $294.60 billion in t

India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by $1.46 billion to $294.60 billion in t