Fact that interest rates are firm, inflation high, liquidity conditions tight and currency exchange rate volatile isn't helping
Fall in forex reserves attributed to foreign currency assets falling by $656.5 mn in the week to $246.75 bn
Concerns of QE3 tapering still remain strong
State of play on Wall St in Sept '13 resembles that in Sept '06
Rupee ended at 63.54 compared with previous close of 63.37 a dollar
Committee will be chaired by RBI's deputy governor Urjit Patel, will have eight members
With Wednesday's rise, the currency has appreciated 5.5% in just a week
Rupee had first slipped below 100 level against the pound for the first time on Aug 20 and had went on to touch an all time low of 106 on Aug 28
FIIs return to emerging markets as fears of Fed tapering ease, India's data improves; funding CAD could pose still be a challenge
Intervention yielded results as rupee weakened only 1.65% in that month
Rupee today opened at 64.48 a dollar as against 65.25 over the weekend
RBI admits its own mistake on KC Land but refuses to pardon Videocon's
Bond yields may also recover somewhat after the sell-off on Friday
Currency dealers expect a few more measures by the central bank this week to add to the positive sentiment
The central bank will have to raise rates to maintain the spread between the bond yield in India and US