Global markets remain gripped by anxiety about the negative fallout of the Cyprus bailout plan
Notes that RBI's policy statement on Mar 19 was balanced, and not hawkish
Month-end dollar demand from importers affects rupee
RBI one of the few major central banks where monetary policy decisions rest in the hands of the governor, as opposed to a committee
The currency rose by 16 paise to close at 54.18, following fresh selling of the dollar by exporters
Many firms' debt far exceeds their market cap
Falls after initial spurt due to fresh selling of dollars by banks and exporters
Higher provisioning from FY14, slower deposit accretion will impact margins
Increase mainly due to revaluation in foreign currency assets which rose by $1.9 billion
The partially convertible rupee closed at 54.33/34 per dollar versus 54.275/285 on Thursday
Says RBI will gradually shift ist focus to reviving growth from exclusively fighting inflation
Good dollar demand from importers amid weak local equity market affects rupee
Forex dealers say strengthening of euro, yen against the dollar overseas supported rupee
Proposes tax exemption on dividend payouts and credit for corporation tax paid in host country
The currency appreciated by eight paise on continued dollar selling by exporters and mild capital inflows
Inflows related to a successful sale of debt limits to foreigners also helped the rupee
The rupee had touched a record low of 57.32 against the US dollar on June 22