PM concedes country facing difficult economic situation

Last Updated: Thursday, August 29, 2013, 11:55

With falling rupee and rising oil prices casting a shadow over Indian economy, Prime Minister Manmohan Singh on Thursday said the country is faced with a difficult economic situation for which some domestic factors too were responsible.

Govt has not drawn any red line on rupee value, says Montek

Last Updated: Sunday, August 25, 2013, 18:38

In the backdrop of the declining value of India's currency, Planning Commission Deputy Chairman Montek Singh Ahluwalia Sunday said the government has not drawn any red line on the rupee, which he felt has over depreciated.

Indian Rupee’s slide: All is not bad

Last Updated: Thursday, August 22, 2013, 10:31

For IT sector, in particular, the gains are significant considering lower overseas demand.

Rupee tumbles to new record low of 64.54, closes at 64.11

Last Updated: Wednesday, August 21, 2013, 18:21

The rupee on Wednesday continued its free fall, plunging to 64.54 against the dollar for the first time ever before recovering some ground to end at 64.11, still down a staggering 86 paise to a fresh closing low.

Rupee could touch 70 Vs dollar in a month: Deutsche

Last Updated: Wednesday, August 21, 2013, 10:21

The rupee could touch 70 against the US dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday.

RBI takes steps to ease liquidity, to buy Rs 8,000 cr bonds

Last Updated: Tuesday, August 20, 2013, 20:08

The Reserve Bank will conduct open market purchase of government bonds of Rs 8,000 crore on August 23 to inject liquidity, the central bank said in a statement.

Malaysian ringgit weakest in over 3 years, Thai baht hits 1-year low

Last Updated: Tuesday, August 20, 2013, 12:05

The Malaysian ringgit slid to its lowest in more than three years, while the Thai baht touched a one-year low.

India, Brazil, other emerging economies hit by currency rout

Last Updated: Tuesday, August 20, 2013, 09:21

The Indian rupee plummeted to a record low against the dollar on Monday, leading a rout by Brazil's real and other emerging market currencies seen by investors as the most vulnerable to an exodus of foreign capital.

FM takes stock of eco situation as rupee slips below 62 mark

Last Updated: Monday, August 19, 2013, 15:53

P Chidambaram on Monday met senior officials of various departments to take stock of the current economic situation and deliberated on steps to improve it.