The rupee is now not very far from its all-time low of Rs 57.33 hit onJune 22 last year
Emerging markets, including India have been large beneficiaries of global monetary easing
Street sees the rupee hitting a new all-time low soon
Value of gold also dropped by $1.1 billion due to revaluation of the reserves
The domestic currency closed at a fresh 11-month low at 57.06 to the greenback
Total forex reserves had risen by $110 million to $292.07 billion in the previous reporting week
On India's current macroeconomic situation, Subbarao said the growth last year moderated to 5%, the lowest in a decade
The rupee weakened below 57 to the dollar today to approach a record low hit about a year ago
Says there were several upside risk factors to inflation and the central bank has to remain sensitive to these
Fresh selling of the US currency by exporters on the back of its lower value overseas helps rupee
FM assures investors that rupee is likely to stabilise going ahead
However, some capital inflows and recovery in local stocks cushioned rupee's fall to some extent
Fresh dollar demand from banks and importers affects rupee
Chaudhuri also says one merger of an associate bank likely in FY14
Ends with hefty 32-paise gain at 56.45 against dollar on heavy selling of American currency by exporters
Rupee derived strength from speculation that the government is likely to raise soon the cap on FII in G-secs by $5 billion, which will lead to more inflows
His choosing to retain Callahan shows how the bank is still trying to integrate all its operations
Renewed selling of US dollars by banks, exporters on expectation of resumption of foreign capital inflows boosts rupee