On Friday, rupee closed at 66.83 a dollar and foreign exchange reserves stood at $366.77 billion
A rally in local stocks and sluggish dollar abroad supported the rupee
Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short
The govt said it would issue a new 10-year benchmark on Friday, as the existing one - with a coupon of 7.59% - has nearly exhausted its perceived limit, after raising Rs 87,000 cr through the instrume
GDP data for the June quarter and fiscal deficit data for July will be released on Wednesday
An year on, PSB executives and analysts say the plans are drifting, even as they praise the government's objective
The domestic currency had depreciated by 5 paise to end at 67.11 per dollar yesterday
Stock markets ended negatively with investors adopting cautious stance after appointment of Urjit Patel, who is unlikely to cut rates
Dollar firmed up against some global currencies on US interest rate hike hopes
Lower rates will help revive stalled projects
Foreign currency assets (FCAs), a major component of the overall reserves, increased by $81.6 million to $340.36 billion
Weak equity markets also hit rupee sentiment
Oil prices eased slightly in Asia today amid reports OPEC kingpin Saudi Arabia would further raise output in August
Rajan said he did not want to offer suggestions to his successor
The domestic currency had dropped by 17 paise or 0.26% in previous two sessions
Eight quick facts on how money is issued, managed and distributed in the country
Meanwhile, the RBI fixed the reference rate for the dollar at 66.7442 and euro at 74.3797
The only good news for the corporate sector is that the demand from consumers for cars and two-wheelers is growing by double digits