Rupee is expected to rise slightly over 1% in a year
The rupee had closed down by 5 paise at 66.24 against dollar at the Interbank Foreign Exchange yesterday
The domestic currency had gained by 29 paise or 0.44% in the previous two days
He certainly met with some success but many of his initiatives are yet to yield the desired results
Dealers attributed the rupee's fall to fresh demand for the US currency from importers and banks
Governor Rajan has restored credibility to the rupee by buying forex like Governors Jalan and Reddy. The much-awaited decision to issue FCNRB deposits with a concessional swap facility was announced t
The currency has gained 29 paise, or 0.44%, in the two days
Domestic equity markets opening with gains supported the rupee
The domestic currency has already dropped 44 paise, or 0.67%, in the previous two sessions
Despite being aware, firms only take group covers for staff, or insure their assets; cyber liability and directors' liability largely ignored
Sustained bouts of dollar selling by exporters and banks helped the rupee
Some bureaucrats are already arguing for an immediate cut of as much as 50 basis points
Besides, a fresh fall in equity market affected the value of the rupee against the dollar
This was the second worst fall for the rupee and the last one was recorded in August 2013
The opportunity in last-mile connectivity in India is there, but the success of payments banks will depend on creating a business model that is light on overheads and smart on technology
In the week, it had weakened by 33 paise, due to persistent dollar demand from importers
We've cut interest rates three times and we're still on an accommodative setting, said Rajan
During the week, gold reserves remained unchanged at $18.25 billion
Says given the fragility right now in the market and the volatility of the rupee, RBI may hold it
Says growth-inflation dynamic will continue to remain favourable for RBI to justify a rate cut