Shares of public sector undertaking (PSU) banks are under pressure, falling up to 7% on the bourses
Interview with Head, India Research, UBS Securities India
BSE, NSE fall 1.5 per cent each
Ajay Piramal's Indiareit, ASK and Essel plan to launch new funds; HDFC raises funds after long wait
Criticises UPA govt over its handling of the economy
Subbarao's comments come after the rupee touched its record low of 60.76 to a dollar on June 26
The broader markets ended higher with mid-caps and small-caps gaining 0.3-0.6 per cent on the BSE.
RBI governor, D Subbarao, says that he does not have a specific foreign exchange rate target
The new E-Class diesel variant carries an introductory price of Rs 43.65 lakh, petrol at Rs 40.73 lakh
EBITDA margins, which have also bottomed out, are estimated to remain stable at 18.5% (y-o-y) in the first quarter
Finance heads of oil companies met senior officials in the Finance Ministry and discussed measures that could help arrest the free fall of the rupee
Reserve Bank of India reiterates it has no target for exchange rate
Foreign arms of many Indian firms under lens, have to seek approval to launch certain products
RBI was cited selling dollars via state-run banks after the rupee fell to the day's low of 60.59, not far from its life low of 60.76 touched on June 26
The rupee then dropped to a low of 60.59 amid renewed dollar demand from importers, a strong dollar overseas and late profit booking in stocks
A constantly falling rupee against the dollar has become a cause of concern for oil marketers who import nearly 70% of the crude oil requirements.
Slides to all-time low of 61.21, sparking speculation about potential measures from RBI, including providing a special window for oil companies to buy dollars
The Singapore dollar hit a 13-month low against the greenback, while the Thai baht touched an 11-month trough
Says rupee depreciation, inflation are hurting common man
The broader markets traded lower with mid-caps and small-caps shedding 0.3-0.5 per cent on the BSE.