Sensex falls 2.34% but the currency recovers on RBI intervention after touching a new intra-day low
Rupee dropped to a record low of 61.80 against the dollar today and recovered to end with an 11-paise gain at 60.77
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To weaken further in the absence of steps to attract inflows
The rupee had lost 70 paise, or 1.16 per cent, in the previous two sessions
Demand for the US currency from banks and importers affected the rupee
The full impact of the recent tightening measures by RBI is still to be completely felt in the system
Treasury officials of various banks see the rupee appreciating to the 60 levels this week
Berger Paint's Dhingra sees net worth surge by 43%; Sun Pharma's Shanghvi moves up to fourth slot
Easing rates might prompt more liquidity squeeze measures
RBI, Sebi had imposed certain restrictions on futures markets by way of raising margins
Subbarao says undue volatility of the exchange rate is harmful for growth and stability
This, even as RBI took more measures to curb rupee's fall
Says central bank just as anxious to roll back cash tightening steps
The rupee's fall takes a toll on your investments in more ways than one. Here's how to protect yourself.
The rupee has lost 11.4% since the start of May, and by mid-morning it was quoted at 60.54 per dollar
This despite their frequent interventions in foreign exchange marget in recent times to stabilise rupee vs the dollar
BS-Poll shows the Indian currency to stay below 60 against dollar in near term