Rupee woes continue, Sensex plunges 291 pts; banks, autos hit
Mumbai: A fresh record low for rupee on Monday rattled stock markets once again with benchmark BSE Sensex tumbling by 291 points to end at over 4-month low of 18,307.52 as heavy FII selling in shares
Rupee plunges to record low of 62.45 against dollar
Mumbai: The rupee dropped to a record low of 62.45 per dollar in late morning trade on Monday on persistent demand for the US currency from banks and importers coupled with capital outflows from fore
No throw back to 1991 crisis: PM on economy
New Delhi: Prime Minister Manmohan Singh on Saturday ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and also reversing the path to globalisation of th
RBI, government assure FIIs; India Inc hits back
New Delhi: Seeking to calm rattled investors, the government and RBI on Friday said there was no reverting to capital control regime — the fear of which spooked stock market, sent rupee to its lowest
Black Friday in markets: Rumours rock shares, rupee
Mumbai: Dalal Street witnessed its worst carnage in two years on Friday as equities crumpled, while the rupee hit a record new low — slipping below the psychological 62-level to the US dollar — after
Rupee hits record low past 62/dollar as shares plunge
Mumbai: The rupee dropped to a historic low of 62.00 per dollar in late morning trade on Friday on good demand for the US currency from banks and importers in view of sharp fall in equity market.
The
RBI to sell Rs 22,000 crore bonds every Monday to check Rupee slide
Mumbai: Faced with a weakening rupee, the Reserve Bank on Thursday announced it will sell government bonds worth Rs 22,000 crore every Monday to check volatility in the forex market.
The measure is a
Rupee bounces back from record-low close to 60.88 vs dollar; Sensex up 124 points
Mumbai: The rupee on Thursday recovered from all-time closing low, adding 42 paise to end at 60.88 against the dollar amid expectations the government would announce fresh steps to support the local
India's rupee rescue is more prayer than plan
Singapore: On August 6, three weeks after the Reserve Bank of India (RBI) began engineering an increase in short-term money market rates to attract speculators, the Indian currency slid to a new reco
New RBI chief Rajan has big tasks at hand
Mumbai: As the 23rd governor-designate of the Reserve Bank of India, Raghuram Rajan — a former IMF chief economist and presently chief economic advisor to the government — is an X factor. There is a