Euro close to a 3 month low
The rupee closed at an all-time low of 53.83 a dollar on Wednesday
The move is more of a market-making measure aimed at addressing liquidity and deepening markets: dealers
After today's RBI announcement, the battered rupee rose to 52.95 to the dollar
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Singhel picked to helm Bajaj Allianz General
Trader tips 53.25-53.70 range for session
RBI's order to exporters to convert half of their dollar holdings might help rupee's cause
Forex reserves can now pay for just six months of imports, limiting the RBI's ammunition to defend the currency
The rupee had touched a record intra-day low of 54.32 on December 15, 2011
The currency is likely to touch 56 to a dollar by June-end
Global risk aversion and weak local fundamentals weighed on the Indian currency
A weaker rupee at a time of falling oil prices would reduce concerns about inflation: CLSA