RBI frees interest rates on non-resident deposits
The Reserve Bank of India (RBI) on Friday deregulated interest rates on non-resident external rupee deposits and ordinary non-resident accounts to provide greater flexibility to banks in mobilising su
Rupee gains 74 paise against US dollar in opening trade
The Indian rupee gained 74 paise to Rs 52.90 per US dollar in opening trade today after the Reserve Bank of India imposed restrictions on forward trading to check the slide of the domestic currency, w
Rupee loses 46 paise to breach Rs 54 per dollar-mark
The Indian rupee fell by 46 paise to a record low of Rs 54.17 per US dollar in early trade on Thursday, breaching the Rs 54 per dollar-mark for the first time in history on sustained foreign capital o
Rupee tanks 52 paise to fresh all-time low of Rs 53.75 per USD
The Indian rupee tanked 52 paise to a record low of Rs 53.75 per US dollar in early trade on Wednesday, a day after breaching the Rs 53 per dollar-mark, on increased demand for the American currenc
Rupee falls to record low of Rs 53.29 per US dollar
The Indian rupee tumbled by 35 paise to an all-time low of Rs 53.29 per US dollar in early trade on the Interbank Foreign Exchange today on continued demand for the American currency from banks and im
Rupee falls 23 paise to early low of Rs 52.26 per dollar
The Indian rupee fell by 23 paise to an early low of 52.26 per US dollar on Monday on persistent dollar demand from banks and importers despite dollar weakness in overseas markets.
The rupee resu
India inches closer to crisis as rupee retreats
India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the Reserve Bank of India (RBI) with a difficult choice over how to make best use of its limited
Rupee plummets by 52 paise against US dollar in early trade
The Indian rupee plunged by 52 paise to Rs 52.27 per US dollar in early trade on Friday, extending its slide for the fourth straight day amid appreciation of the American currency against the euro
Rupee trading flat at Rs 51.41/42 per US dollar
The Indian rupee declined by 12 paise to an early low of Rs 51.53 per US dollar on Wednesday on demand for the American currency from banks and corporates, but made a swift recovery to trade flat a
Govt not planning to impose capital controls: Source
India is not planning to impose any capital controls to check the rupee's slide, a senior government source with direct knowledge of the matter told Reuters on Monday.
Over the weekend, Subir Gokarn,