Fall mirrors decline in other Asian currencies; exporters may have stepped in to sell dollars
The domestic currency traded at a one-month low of 67.11
The currency had dropped by 23 paise, or 0.35%, in previous two sessions
Brokerages estimate this could postpone the recognition of non-performing assets worth Rs 1,50,000 crore
The domestic unit moved in a range of 66.92 and 66.70 per dollar during morning deals
Weakness in the dollar against other currencies supported the rupee
Increased demand for the US currency from importers put pressure on rupee
Says its shortfall of $107.9 billion was partly due to interest rate hike by the US Federal Reserve
Patel, a confidante of Rajan for shaping monetary policy, was earlier made deputy governor for three years from January 11, 2013
Riders for policies and new innovations in the health and wellness space will be launched
Gold reserves were valued at $17.2 bn, down $2.1 bn in the year
Calmer local equities and smooth supply of dollars boosted rupee sentiment
A strong opening in domestic equity markets supported the rupee
Currency dealers said the movement in the rupee was sentiment-driven and the local currency can test the 67.50-level in the coming days before strengthening back
The RBI governor has been named central bank governor of the year several times by other international magazines
With forex reserves enough to cover 10 months of imports and strong economic fundamentals, India can cope with depreciation, but is its currency policy on track?
Heavy demand for the US currency from banks and importers pulled down the rupee
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation added to gloom
Sustained bouts of dollar demand from importers amid volatile equities affected the rupee
Rebound in domestic stock markets also helped rupee to strengthen against the dollar