Rupee must fall more to save exports, prevent China dumping: SBI

Last Updated: Monday, September 7, 2015, 20:42

As the rupee touched a new 2-year low, State Bank chairperson Arundhati Bhattacharya today said it must fall further to help domestic exporters.

Rupee could be at 64 against the US dollar by March: Crisil

Last Updated: Wednesday, August 26, 2015, 23:09

Ratings and research firm Crisil Wednesday said there are two-third chances that the rupee can touch the level of 64 against the US dollar by March-end 2016, while there is one-third chance it may reach 67 per dollar.

Rupee pares inital gains; trades flat in late morning deals

Last Updated: Wednesday, July 29, 2015, 11:42

The Indian rupee pared its initial gains to trade at its overnight level of 63.91 against the US currency in late morning deals on bouts of dollar selling by banks and exporters amid firm equities.

Strong India rupee stings Modi's export ambitions,

Last Updated: Monday, April 27, 2015, 03:25

Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales.

Treat ECBs to refinance Re loans by fin distressed firms as restructuring: RBI

Last Updated: Monday, April 6, 2015, 23:53

The Reserve Bank on Monday said external commercial borrowings (ECBs) extended to financially distressed companies will fall under restructuring head if borrowers use it to refinance rupee loans.

RBI, Sri Lankan central bank agree on $1.5 billion currency swap deal

Last Updated: Friday, March 13, 2015, 12:17

The agreement was announced after a meeting between Modi and Sri Lankan President Maithripala Sirisena here.

SEBI seeks parity between foreign currency, rupee convertibles

Last Updated: Monday, December 15, 2014, 20:35

Market regulator SEBI Monday said it is in favour of allowing rupee convertibles for domestic investors, on the lines of overseas investors subscribing to foreign currency convertible bonds.

RBI to issue Rs 500 banknotes with rupee symbol

Last Updated: Tuesday, December 31, 2013, 19:59

The Reserve Bank will soon issue Rs 500 banknotes with rupee symbol in the Mahatma Gandhi Series- 2005.

Nepal, India agree to allow 1,000, 500 rupee notes in Nepal

Last Updated: Tuesday, December 24, 2013, 20:12

Nepal and India have agreed in principle to allow circulation of Rs 500 and Rs 1,000 denomination Indian bank notes within Nepalese territory, ending a ban in place for over a decade.

Rupee advances by 46 paise to 61.59 vs dollar in late morning trade

Last Updated: Thursday, December 5, 2013, 12:29

Moving in line with equity market, the rupee advanced by 46 paise to 61.59 per dollar on fresh selling of dollars by banks and exporters.

UBS sets Nifty target at 6,900 for 2014

Last Updated: Thursday, December 5, 2013, 10:13

The investment bank adds tapering is not a big fundamental worry for India, but a depreciating rupee may yet be a likely trend.

Chidambaram takes on Modi, says rupee value fell under NDA rule

Last Updated: Wednesday, November 27, 2013, 13:41

Taking on Narendra Modi for claiming that the value of the rupee did not fall during NDA rule, Finance Minister P Chidambaram on Wednesday said this was yet another item in the "collection" of history lessons from the Gujarat Chief Minister.