$354-bn forex reserves too small to fight a crisis: Kaushik Basu

Last Updated: Wednesday, August 26, 2015, 23:02

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

Rupee weakens by 4 paise at 66.14 against US dollar

Last Updated: Wednesday, August 26, 2015, 18:45

The rupee Wednesday turned weak against the US dollar, after a brief recovery yesterday, falling by four paise to end at 66.14 on renewed demand for the American unit from importers amid global volatility.

Rupee weakens 18 paise to 66.28 Vs USD

Last Updated: Wednesday, August 26, 2015, 09:52

The rupee depreciated by 18 paise to 66.28 against the US dollar at the Interbank Foreign Exchange in early trade Wednesday due to fresh dollar demand from importers.

Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Know who will be worst affected by rupee's depreciation

Last Updated: Wednesday, August 26, 2015, 09:18

Till the currency settles itself, let’s have a look at how continuous depreciation of the Indian currency will affect the common man.

Rupee bounces back; gains 55 paise at 66.10 against USD

Last Updated: Tuesday, August 25, 2015, 19:26

Regaining its strength, the rupee appreciated by 55 paise Tuesday-- its biggest single-day gain in over seven months -- to close at 66.10 against the US dollar on heavy selling of greenback by exporters and banks.

Rupee recovers 26 paise to 66.39 against dollar in early trade

Last Updated: Tuesday, August 25, 2015, 10:53

The rupee recovered by 26 paise to 66.39 against the dollar at the Interbank Foreign Exchange in early trade on Tuesday on fresh selling of the US currency by banks and exporters.

Rupee fall due to China fears, India on firm footing: SBI chief

Last Updated: Tuesday, August 25, 2015, 00:14

State Bank chairman Arundhati Bhattacharya Monday described the massive fall in the rupee as "driven by apprehensions" about the crisis in China and asserted it does not indicate any fundamental issues with Indian economy.

Rupee tumbles 82 paise to breach 66-level against US dollar

Last Updated: Monday, August 24, 2015, 18:46

In line with crash in equities, the rupee tumbled sharply by 82 paise -- its biggest single day fall this year -- to settle at 66.65 against the US dollar as global meltdown fears remained unabated.

Raghuram Rajan says ready to use FX reserves as Sensex tumbles

Last Updated: Monday, August 24, 2015, 16:42

Reserve Bank of India Governor Raghuram Rajan said he was ready to deploy foreign exchange reserves to curb volatility in the currency as turmoil in global markets sent domestic shares down more than 4 percent and the rupee to its lowest since late 2013.

Raghuram Rajan says enough reserves to contain volatility, hints at rate cut

Last Updated: Monday, August 24, 2015, 15:03

"I wish to reassure the markets that our macroeconomic factors are under control as the economy is in much better position relative to many other economies," Rajan told the IBA-Ficci organised banking summit Fibac.

Rupee trims initial losses, still down 59 paise at 66.42

Last Updated: Monday, August 24, 2015, 11:36

The domestic currency resumed sharply lower at 66.47 per dollar as against last weekend's level of 65.83 at the Interbank Foreign Exchange (Forex) market.