Falling Rupee

Patel maintained that the value of rupee is determined by the market forces and the RBI does not have any "target or band" around any particular level of the exchange rate

Gandhi on Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee

Increase in short-term external commercial borrowings or FII exposure "could lead to further worsening of vulnerability ratios and the global investors might actually take this negatively", it warned

On a weekly basis, the rupee lost a modest 10 paise, marking its fourth-straight weekly slide

A sharp uptick in the US dollar demand amid rising prospect of Fed rate hike by the end of this year along with exodus of capital outflows were the trigger points exerting pressure on the rupee

Real rupee interest rates would reduce if domestic inflation rises and the RBI doesn't raise policy rates