REUTERS - India's foreign exchange reserves fell to $290 billion as of May 18 from $291.802 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement

The Reserve Bank of India (RBI) has been seen intervening in the rupee forward markets, alongside its defence of the spot rupee, possibly to replenish its FX reserves and to replace domestic rupee

USD/INR is expected to hover around 56 and 54 to a dollar in one and three months respectively, with an upside risk, before retreating only modestly to around 52 and 51 in six and 12 months, say

Despite RBI steps to check the decline of rupee against the US dollar, the domestic currency dropped 12 paise to 55.77 against the American currency in late morning trade today on fresh dollar

The rupee posted its first gain against the dollar in four sessions on Thursday, recovering from a new record low earlier in the session, after the Reserve Bank of India (RBI) governor did not rule

The Reserve Bank of India (RBI) may consider directly selling dollars to oil marketing companies in an attempt to arrest a further fall in the rupee, which has hit record lows for seven consecutive

LONDON (Reuters) - The euro hovered above a 22-month low and European shares saw a fragile recovery, as investors braced for data that could reveal the damage wrought on the region's economy by