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Rupee fall due to real sector issues: RBI
Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Friday said the rupee's depreciation was an outcome of real sector issues and financial sector measures could only help temporarily. He said the currency was weak due to fundamental factors and the global situation. "If it is weak due to fundamental factors and the global situation, we will not be able to arrest it," he said on the sidelines

RBI move triggers coin shortage

Even on a peak summer day in May, it is easy to notice long queue of people scrambling, outside the office of Reserve Bank of India in Kolkata, for one the most circulated commodity around -small

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Rupee posts ninth straight weekly drop

The rupee strengthened on Friday on the back of dollar sales by corporates but it still posted a ninth consecutive weekly drop, its worst losing streak since the Lehman crisis. Traders said a

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Rupee gains as lower oil helps

The rupee traded at 55.89/90 per dollar, above its previous close of 56.08/09, helped by dollar-selling from two large foreign banks on what was seen as custodian flows, as well as from a mid-sized

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Rupee up 16 paise at 55.95 against dollar

J The rupee was trading 16 paise up at 55.92 against the US dollar due mild selling of the American currency by banks as it weakened against other currencies in the overseas market. Exhibiting

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Rupee rebounds from weak open; caution prevails

The rupee recovered from a weak open to gain to above 56 to the dollar on Friday, though broader sentiment was weak as the euro fell to a 2-year low, reflecting the worsening euro zone debt crisis and

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