Page 269 - Finance News Analysis
Rupee down 4 paise at 59.72/dollar in late morning deals
Fresh dollar demand from banks and importers affects rupee
 "Rupee down 4 paise at 59.72/dollar in late morning deals")
Call rates end steady
The overnight rates finished stable at 7.10%
StanChart lowers INR forecast for year end to 60.5 from 53/dollar
The rupee had touched life-time low of nearly 60-level in intra day trade last week after US Fed's indications of a phased stimulus exit spooked global markets.
 "StanChart lowers INR forecast for year end to 60.5 from 53/dollar")
Rupee close to record lows; current account data eyed
The country's deficit has been a key source of stress on the rupee
Expect further correction in bonds for a few days: Mahendra Jajoo
However, valuations are beginning to look reasonable and opportunity to build fresh bargain positions will be available soon
 "Expect further correction in bonds for a few days: Mahendra Jajoo")
 "Insurance sector to grow less than 5% in FY14: CII survey")
Experts see Re stabilising at 57-58 level within a month
Rupee should be around 57-58 level to a dollar in next one month as current account gap improves and foreign fund inflows come, says Corporation Bank's P Paramasivam
Inflows help rupee recoup
RBI says measures will be taken as appropriate
No need to panic over rupee decline, says FM
Adds government is watching the situation, RBI will take whatever action is necessary
 "No need to panic over rupee decline, says FM")
RBI deputy governor says steps to address rupee fall being taken
The central bank watching the currency situation, says H R Khan
 "RBI deputy governor says steps to address rupee fall being taken")
Rupee gains strength; recovers by 38 paise against dollar
Fresh selling of dollars by banks and exporters, speculation RBI will intervene boosts rupee
 "Rupee gains strength; recovers by 38 paise against dollar")
Weak rupee casts shadow on rate cut in July policy
After cutting interest rate thrice in 2013, RBI paused in mid quarter policy review last Monday citing recent depreciation of rupee
 "Weak rupee casts shadow on rate cut in July policy")
Rupee falls to nearly 60-level, ends at 59.57 after RBI steps in
Continued selling by foreign funds in equities also put pressure on the rupee as overseas investors pulled out over Rs 2,000 crore today
Rupee slumps to record low of 59.94/dollar
Trading of bonds halted for an hour; FM holds meet with top civil servants
Rupee at record low as India seen lacking options to brake fall
Traders say RBI's firepower was likely to be limited given it has foreign exchange reserves of $290 billion
RBI again seen selling dollars via state-run banks: dealers
The suspected intervention pulled back the rupee to 59.80/81 to the dollar
 "RBI again seen selling dollars via state-run banks: dealers")
 "Rupee marginally stronger, Fed meet to give cue")
Weak rupee indication of falling competitiveness: Uday Kotak
Kotak Bank's MD says the rupee movement in the short term will depend on the announcement by Fed chairman Ben Bernanke
 "Weak rupee indication of falling competitiveness: Uday Kotak")
