Bank of America Merrill Lynch said the measures would push back softening of interest rate
Measures will widen gap between US and Indian bond yields, but won't defend the rupee for long
The rupee has been weighed down by the US dollar's gains against other currencies
Subbarao also said credible fiscal consolidation is a pre-condition for stabilising inflation
The rupee fell as investors looked to a planned open market operation sale of 120 billion rupees
Faces challenge to ensure that the market does not become hostage to its guidance
Investors are looking ahead at a planned open market operation sale of Rs 12000 crore from the RBI later in the day
The currency ended at 59.35 a dollar, compared with the previous close of 59.32
The rupee moved in a range of 52 paise on alternate bouts of demand and supply, with confusion over the sustainability of the currency's stability after the Reserve Bank of India on Monday
WPI based inflation should not be an important input for monetary policy
Dollar demand from banks on the back of higher dollar in global market affects rupee
The Reserve Bank last night raised borrowing costs for banks and said it would sell bonds through open market operations to drain Rs 12,000 crore from the system
The central bank has to strike a balance between inflation, growth and interest rate
The rupee is likely to trade around 59 per US dollar by this year-end
Banks sell dollars after RBI announced a slew of measures to arrest rupee's fall
At a time when banks are cutting rates, RBI signals policy tightening
LAF capped at Rs 75,000 cr, marginal standing facility rate increased 200 bps to rein in rupee
Ends higher at 7.15% from Friday's level of 7.10%
The industry has been demanding a cut in key policy rate to boost economic activities
International brokerage firm believes CAD numbers to fall by 0.6-0.8% on back of lower gold imports