A stronger US dollar in global markets ahead of the US Fed's meeting starting tomorrow also weighed on the domestic currency
The pair is seen in a 62.40 to 62.80 range during the week
The falls in the rupee likely prompted intervention from the central bank
Foreign currency assets, key component of reserves, falls by $867.4 mn to $289.95 bn
A micro-credit banking service is adding compassion to the concept of finance. The author finds out how
Today's rise helped the rupee snap four days of decline where it cumulatively lost 56 paise
Most Asian currencies fall against the dollar
Ends at 62.33 compared with previous close of 62.02 on heavy dollar buying by RBI
Banks expected to utilise treasury gains for NPAs and employee pension provisioning
Kingfisher Airlines may have been designated a wilful defaulter by its lenders, but the lengthy process and prospect of court cases deter banks
Tracks decline in shares, rebounds on RBI intervention
Dollar buying spree by RBI, corporate buying to weigh
Says payment bank licences will be out by March or April
Is seen in 61.70 to 62.00 range during the week.
RBI kept all key rates unchanged in its policy review today
By moving towards an inflation targeting regime, Rajan is clearly batting for the central bank's independence
Is seen in 61.70 to 62.20 range during the week
Dollar trading at over 5-year high against basket of major currencies
Expectations of a further softening of retail inflation sees yields dip