Traders say looser fiscal deficit targets could persuade RBI to be more cautious
Average daily foreign exchange market turnover has risen from $16 bn in 2005-06 to nearly $55 bn in 2014-15
The currency slid 8 paise to end at 61.83
The message from the regulator is clear: The policyholder is the king
Rise in the Greenback's value against other currencies overseas affected the currency
Good foreign capital inflows also helped the currency maintain its gains at closing
After cutting repo rate by 25 bps to 7.75% on Jan 15, RBI maintained status quo on policy rates in review on Feb 3
Selling of the US unit by banks and exporters on the back of lower dollar overseas affected the currency
The currency continued to trade range bound and appreciated by 11 paise as local equities traded strong, says Veracity Group CEO
From a newspaper editor to former bankers and Tech CFOs, the individual applicants for the banks are a bunch of enthusiastic investors who want to make the best of the opportunity thrown open by RBI
Gains in dollar against major world currencies in overseas markets put pressure on the domestic unit
On Friday, the rupee ended at 62.22, compared with the previous close of 62.34
Fighting low penetration, life insurers try long-format ads and the same tender bond to advertise
The latest accretion to the reserves can help India cover its import bill for almost 10 months now
Reserves have been rising because the central bank has been mopping up dollar flows through state-run banks in a bid to boost its foreign exchange reserves
Selling of the US currency by exporters and banks supported the rupee
This, as liquidity continues to remain tight
The currency resumed higher at 62.15 per dollar
Higher opening in domestic equity markets helps rupee