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Rupee woes continue, Sensex plunges 291 pts; banks, autos hit

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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