Markets fall & crude oil declines on worries of recession in US
Settles at 78.0825 to the dollar as against 77.9800 at 3:30 p.m. on Monday. The previous record closing low for the domestic currency was 78.0700 on June 17
This would pave way for minimal payments downtime
The sharp rise in interest rates in the financial markets has made companies turn to commercial banks for their borrowing requirements
India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23
The rupee ended the day at 77.98 to a dollar against a close of 78.07 on Friday
Karnataka lender doesn't have adequate capital or earning prospects, says RBI in statement.
RBI has been selling dollars to curb any rapid depreciation of the rupee
He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curv