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.
The broader markets traded lower with mid-caps and small-caps shedding 0.1-0.3 per cent on the BSE.
Key economic data, Infosys' results coming this week, but unlikely to affect trend; govt bond yields should see rise
RBI has been concerned because the rupee has weakened by 12% since the start of this financial year
Markets open lower tracking weakness in Asian while the depreciating rupee also weighed on market sentiment
The partially convertible rupee was trading at 61.05/06 per dollar at 9:50 a.m. after earlier hitting a record low of 61.21
BSE Realty index has slumped by almost 3% followed by counters like PSU, Metal, Oil & Gas, Auto, Banks and Power, all dropping by 2% each.
Recovery in the US economy is still too shaky to turn off the QE tap
Says there is enough in the policy pipeline to keep investors interested in
When it comes to trusting various financial institutions, it was observed that women trust nationalised banks (88%) almost twice as much as they trust private banks (43%)
The difference between low-value PSUs and high-value private banks may grow
Last year HDFC, LIC Housing Finance and Dewan Housing Finance had applied for raising money through ECBs