The Reserve Bank of India on Thursday cracked down on dollar hoarding by exporters to support the domestic currency, which fell 1.3 per cent yesterday to close at a record low. Exporters were holding

The rupee recovered on Thursday from a record closing low hit in the previous session after the RBI announced measures to boost dollar liquidity and ease intraday rupee volatility. However, the

The Reserve Bank of India sold $550 million in the spot market in March, the central bank said in its monthly bulletin on Thursday, with outstanding net forward sales at $3.2 billion in the same

The Reserve Bank of India (RBI) likely sold dollars via state-run banks in late trading to continue supporting the rupee, four dealers said, after it had earlier announced measures to boost dollar

The Reserve Bank of India (RBI) took further measures to prop up the rupee on Thursday, requiring exporters to sell half the foreign currency in their accounts and making it easier for the market to

The Reserve Bank of India (RBI) persisted with its focus on the rupee with measures on Thursday to curb volatility by tackling intraday trading positions and to boost demand for the local unit by

The rupee trimmed some of its earlier gains against the dollar, thought it remains well above the session lows after the RBI said it would require exporters to convert 50 percent of their existing

The relaxation of open position limits announced by the Reserve Bank of India will only have a small impact on the rupee, traders say. The move is more of a market-making measure aimed at addressing

The rupee edged lower, now at 53.27/28 vs 52.95 intraday low, though still below Wednesday's close at 53.85. Traders say only about $2.5 billion-$3 billion would need to be converted by exporters

The Reserve Bank of India (RBI) 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