The Mahapatra Committee recommendations could erode a large portion of public sector banks? net worth
The rupee also benefitted after global risk assets rallied
Positive outcomes from Euro summit along with improved domestic sentiment will be the reasons
Continued capital inflows, euro's gains against dollar supported the rupee
Fails to retain initial gains on fresh demand for dollar by banks and importers
Euro dips giving up a bit of ground after its biggest one-day climb in eight months
nvestors are growing more hopeful of meaningful policy reforms
Weakness of dollar against a basket of other Asian currencies overseas supported the rupee
Portfolio investors have turned bullish after the government released draft rules last week
Upward movement on the back of dollar inflows, following clarity on certain tax rules
After Madhavpura scam, banks fight to regain customer confidence
A higher opening in the stock market capped the losses
The rupee started rallying after the withholding tax removal talk
Rupee fell on the back of dollar demand from oil firms and tracking a slump in global risk assets
Breaches the 55-level on increased demand for dollar from banks & importers
Still down 41 paise on good demand for dollar from banks & importers
The ECB cut its main interest rate to a record low of 0.75%