Closes at all-time low of 58.40; govt might raise FDI cap in some sectors to attract inflows
Sobti and his team took a five-year approach to restore the bank's health
Steel majors are unanimous that the cost of production is set to increase by at least Rs 1,000 a tonne if the rupee stabilises at 58. Much of the increase will come from coke, which is largely importe
The Indian currency hit a life-low of Rs 58.98 (before closing at Rs. 58.38) against dollar on Tuesday as against level of Rs 53.31 in January 2012
Department of Economic Affairs Secretary Arvind Mayaram said the government was "not unduly disturbed" by steep fall in rupee
Forecast of normal monsoon this season expected to bring down CPI
The rupee still closed 24 paise lower at 58.39 compared to yesterday's close
The economy has become vulnerable once again as the import bill, inflation and deficits will rise
The rupee has lost over 2.5% in the two trading days of this week and nearly 10% in the past six weeks
In toay's opening trade the partially convertible rupee was at 58.35 per dollar, a life low
Weaker rupee will fuel inflation and limit the scope for a rate cut in June 17 policy review
FIIs pullout, heavy dollar demand from importers, concern of US Fed reducing pace of quantitative easing are all likely to pull the rupee further down
FIIs are significant investors in government bonds, and they have been net sellers since May 22
The 8.15% G-sec maturing in 2022 declined to Rs 104.25 from Rs 104.81, while its yield moved up to 7.49% from 7.41%
The rupee sank by a staggering 110 paise to life-time low of 58.16 against dollar
Heavy dollar demand and slowdown in capital inflows put pressure on the rupee
It touched an all time low of 58.03 a dollar, recovering to Rs 57.92 at 16:29 hours
FIEO said the continuous fall in the domestic currency would not help exporters much as international buyers are asking for discounts
Says weakness of rupee could be a temporary phenomenon, hopes panic will settle down