Rupee approaches 69-mark; gold sparkles amid economic uncertainty

Last Updated: Wednesday, August 28, 2013, 20:53

The rupee's plunge continued unabated Wednesday, touching a new low of 68.85 against dollar on mounting concerns over fiscal deficit but stock markets scripted a dramatic 547-point rebound from lows to close in the positive zone.

Bonds fall for 4th day as rupee slumps to record low

Last Updated: Wednesday, August 28, 2013, 19:14

Government bonds fell for a fourth straight session on Wednesday in volatile trading, tailing the rupee which made new lows on fears that foreigners will continue to exit the country as economic challenges mount.

Fall in rupee not necessarily a bad thing: Nordea AMC

Last Updated: Wednesday, August 28, 2013, 18:52

Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.

Rupee sinks to new low of 68.85, logs biggest single-day loss

Last Updated: Wednesday, August 28, 2013, 18:40

The rupee Wednesday collapsed to a lifetime low of 68.85 against the dollar and closed at 68.80, registering its biggest single-day loss of 256 paise, as global oil prices jumped, deepening concerns about the current account deficit and capital outflows.

Cars, consumer durables to cost more as rupee tumbles

Last Updated: Wednesday, August 28, 2013, 18:06

As the rupee continues its freefall against the dollar, cars, TVs, washing machines and other home appliances are set to cost more with companies set to hike prices to offset impact on their margins.

Recent govt actions may only arrest rupee fall: DBS

Last Updated: Wednesday, August 28, 2013, 17:59

The recent policy actions might not help the rupee in regaining its lost ground but only arrest further depreciation, Singaporean bank DBS said Wednesday.

'Rupee breaches 68-mark on food security woes, dollar demand'

Last Updated: Wednesday, August 28, 2013, 17:42

Economists and forex dealers blamed the unprecedented 256-paise fall in rupee to 68-level against dollar Wednesday on panic fueled by food security bill, month-end demand for the US currency from importers and fears of oil prices shooting up in case of US action against Syria.

Rupee plunges by 198 paise to all-time low of 66.30

Last Updated: Tuesday, August 27, 2013, 18:39

It dropped to a record intra-day low of 66.30 before settling a tad better at 66.24, a fall of 194 paise or 3.02 percent.

Rupee rebounds 135 paise to 63.20, Sensex soars 206 points

Last Updated: Friday, August 23, 2013, 20:32

The currency and stock markets got a booster dose after Chidambaram's comments that there are no plans to control capital outflows. RBI Governor D Subbarao had also said the country has enough reserves to meet the current situation.

Indian rupee: Why it is in free-fall

Last Updated: Friday, August 23, 2013, 17:44

The Indian rupee has been in a free fall for several months, without showing any signs of recovery.

RBI liquidity step may help moderate inflation: FM

Last Updated: Friday, August 23, 2013, 13:33

Finance Minister P Chidambaram Friday said the Reserve Bank's liquidity tightening steps to check rupee volatility would also help in moderating inflation.

No capital control measures on anvil, says Chidambarm

Last Updated: Thursday, August 22, 2013, 22:59

Reeling under the battering suffered by the rupee and markets, Finance Minister P Chidambaram and RBI Governor D Subbarao Thursday sought to assuage investors that there are no capital control measures in the offing and there is no need for panic in markets.