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Indian currency of different denominations are seen in this picture illustration taken in Mumbai

RBI likely sold dollars from 54.54/dollar levels: dealers
The RBI likely sold dollars via state-run banks starting around 54.54 rupee levels on Thursday, soon after the currency hit a new record low against the greenback, seven dealers said. The rupee was last trading at 54.45/47 to the dollar, after hitting a life low of 54.5650 to the dollar.

Expert View: Rupee outlook on Thursday

Market Recap: May USDINR closed at 54.63, up 68 paise. April 2013 USDINR contract closed at 57.10, up 76 paise. Spot USDINR closed at a new record high of 54.49 from 53.78 and traded in the range

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RBI seeks forex conversion data

Even a week after the Reserve Bank of India (RBI) asked Exchange Earners Foreign Currency (EEFC) account holders to convert half their dollar funds into rupees, the measure has not yielded the desired

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Rupee hits all-time low of 54.52/dollar; may fall more

The Indian rupee slumped to a life low on Wednesday on a wave of global risk aversion amid worries over domestic fiscal and economic challenges. The battered Indian currency, the worst performer

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Weak rupee actually helps India - CLSA

The rupee's recent slide, which on Wednesday took it to a record low of 54.46 against the dollar, is not so bad after all, a couple of analysts say. A weaker rupee at a time of falling oil prices

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Rupee falling due to global factors, no need to panic: Pranab

As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when there is certainty in eurozone

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