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Cashier counts currency notes inside bank in Lucknow

In defending rupee, RBI again falls short
Among traders the RBI's latest measures to target arbitrage and speculation is seen as akin to bringing a knife to a gunfight. The Reserve Bank of India announced new currency measures on Monday, including stipulating that net overnight open position limit for the rupee should not include positions taken in the currency futures and options segment. The announcement had the same effect as its previous

Rupee hits record low; exporter dollar sales eyed

The rupee fell to a new record low of 55.09 to the dollar, its fifth consecutive all-time low, as arbitrage measures taken by the RBI late on Monday provided only a brief sentiment boost. At 10:05

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Rupee falls below 55/dollar to record low

The rupee fell below the key psychological level of 55 to hit a new record low on Monday, setting up the prospect of further falls unless the central bank takes measures or intervenes more

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Rupee drops to 55/dlr; no RBI spotted

The Indian rupee dropped further on Monday to hit a new record low at 55 per dollar, testing a key psychological level, as the euro retreated from the day's highs, while dollar demand from domestic

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Expert View: Rupee outlook on Monday

Market Recap: May USDINR closed at 54.53, down 8 paise. Spot USDINR closed at 54.42 from 54.47 and traded the range of 54.38-54.89. USDINR rose to strongly during the initial half of the session

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Shankar Acharya: The exchange rate: economics bites back

Since last August the Indian rupee has been volatile and weak. The rupee-dollar parity dropped from 44-46 last summer to a low of 54.2 in mid-December. Some regulatory measures and substantial market

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