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Rupee hits all-time low, bounces back
The rupee fell to an all-time low of 56.52 against the dollar but closed 0.2 per cent up over the previous close on talk that the Reserve Bank of India (RBI) had facilitated a special window to meet foreign exchange requirements of oil companies through public sector banks. The rupee bounced back to 55.74 in the latter part of the day to close at 56.11 against the dollar. The euro had touched an 11-month

'Improve spending & debt management'
Flagging the risks of fiscal slippage and liquidity squeeze, the Reserve Bank of India on Tuesday said state governments must bring more discipline in expenditure and improve coordination in their

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Rupee recovers for 2nd day, still shaky
The rupee appreciated on Friday for the second day in a row, with help from exporters as they took advantage of low levels and aggressive intervention by the Reserve Bank of India (RBI). Lack of

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Subbarao indicates more interventions over Re slide

Reserve Bank of India (RBI) Governor, D Subbarao, on Thursday indicated more interventions to arrest the slide of the rupee against the dollar and said some structural changes were needed for

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RBI cracks down on exporters, banks Rs sees sharp rebound

The Reserve Bank of India (RBI) on Thursday threatened exporters and banks with penal action if they were found violating its instructions on converting dollar funds into the domestic currency in a

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Rupee breaches 56/dollar amid feeble RBI action

The rupee hit a fresh low again on Wednesday, as global headwinds continued to hammer the fundamentally weak currency amid a minor intervention by the central bank. According to market

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