The gold reserves declined by $600 mn to $25.69 bn during the week
Weakness in local equities and a stronger dollar overseas hit the local currency later in the day
Mild selling of dollars by banks and exporters on the back of lower dollar overseas helps rupee
Foreign fund flows, weakening of dollar abroad also aid the currency to some extent
Forex dealers said some foreign fund flows and weakening of dollar overseas also aided the local currency to some extent
State-run bank dealer says bids from importers keeping bias towards INR weakening
fresh selling of dollars by banks on the back of lower dollar in the overseas market helps
However, sluggish dollar abroad capped the rupee's fall to some extent
Quoted higher on sustained selling of dollars by banks and exporters amidst firm dollar overseas
Ends at 54.58 against dollar on sustained selling of the US currency by exporters amid weak global cues
ECGS puts curbs on additional risk cover for banks
Jefferies believes banks with strong branch expansion such as HDFC Bank, ICICI, and Axis could face smaller problems
The rupee could also remain constrained ahead of industrial output and consumer inflation data due on Friday
Increased selling of US currency by exporters and banks helps rupee
The recklessness of bank executives in the run-up to the 2008 crisis cost just about everyone - except themselves
According to the global investment banking major, RBI will increasingly switch to supporting growth from exclusively fighting inflation
Weak domestic equities and better dollar overseas limited the rupee rise
Street says govt should take steps to boost exports, control imports
The market is also unlikely to take big positions ahead of US non-farm payrolls later in the day