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An employee arranges Indian currency notes at cash counter inside a bank in Agartala

Rupee gains for third session in quiet day
The rupee rose for a third successive session on Monday, its biggest winning streak against the dollar in over two-and-half months, as a recovery in global risk sentiment helped local stocks post strong gains. The rupee, which hit a record low of 56.40 to the dollar on Thursday after a string of all-time lows, has since recovered 2.2 percent, helped by a mix of Reserve Bank of India (RBI) interventions

India to sell 150 bln rupees of bonds on Friday-RBI

India will sell 150 billion rupees ($2.7 billion) of bonds on June 1, the Reserve Bank of India said in a statement on Monday. The government will sell 40 billion rupees of 8.19 percent 2020 bonds,

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Rupee slump costly for $5.5 bln in convertible bonds

When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an unprecedented

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Markets Weekahead: Rupee to stabilise

The rupee is expected to stabilise this week, after hitting a string of record lows against the dollar, while bond yields are seen range-bound after recent slight falls. Traders waiting for details

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Rupee seen weak on month-end dollar demand

The rupee is expected to stay under pressure this week because of the month-end dollar demand from oil companies. In addition, fresh developments from the euro zone may trigger further fall in the

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GDP growth in FY 12 likely to disappoint

Even as memories are fresh of the recent Index of Industrial Production (IIP) goof-up, the Ministry of Statistics and Programme Implementation (Mospi) is yet to receive all the required data for

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