Despite benchmark government bond issues having topped the Rs 60,000-crore informal limit, the government has not yet issued a new 10-year bond, as it may now be considering Rs 80,000 crore as the ceiling.

Govt may have stretched limit on gilt issue to Rs 80,000 cr

Business Standard

The rupee today fell five-month low by losing 47 paise to 54.26  against the US dollar on the Interbank Foreign Exchange market in early  trade on increased capital outflows amid strong demand for the American  currency.

Rupee at 5-mth low, down 47 paise vs dollar

Reuters 

&quot;Unfortunately for the rupee, this is not a great environment to run a current account deficit and thus be reliant on capital inflows from foreign lenders. New highs on USD/INR mean fresh air to the top side.

Rupee fall: No dollar supply in the market, say experts

The rupee tumbled 67 paise to all-time low of Rs 54.46 against the US dollar on the forex market during the midsession today on increased capital outflows and strong demand from importers.

UPDATE: Rupee falls to all-time low of 54.46/dollar

Press Trust of India

Even a week after the Reserve Bank of India (RBI) asked Exchange Earners Foreign Currency (EEFC) account holders to convert half their dollar funds into rupees, the measure has not yielded the desired results. This has prompted the central bank to seek data from banks on how much individual companies have converted till now. Such account holders had been given 15 days to meet the requirement.

RBI seeks forex conversion data

The sharp fall in the rupee, tight liquidity conditions and uptick in inflation have added to the woes of companies that are already reeling under credit rating issues.

Weak rupee to add pressure on corporate rating cuts

The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalised, euro zone central bank sources said on Wednesday.

ECB stops liquidity flow to Greek banks

The rupee slumped to an all-time low on Wednesday amid weak macroeconomic fundamentals and global uncertainty. The Reserve Bank of India&rsquo;s (RBI&rsquo;s) limited intervention was not enough to lift the rupee, the worst performing Asian currency since March.

RBI digs deep but rupee sinks further

To instill confidence among investors feeling jittery about the impact of the euro zone crisis on Indian stock markets and the rupee, the government on Wednesday said it would announce &ldquo;unpopular&rdquo; austerity measures. Informing the Parliament about this, Finance Minister Pranab Mukherjee, however, said the panic button should not be pressed.

FM signals tough measures for hard times, austerity coming

The falling rupee has come a cropper for BPO firm Firstsource as it creates cash reserves for an eventual buyback of its foreign currency convertible bonds.

Rupee depreciation adds to Firstsource FCCB burden 

Edelweiss Financial Services said on Wednesday its net profit for the fourth quarter ended March declined by 10.4 per cent to Rs 38.76 crore. The company's net profit during January-March 2011 was Rs 43.26 crore, it said in a BSE filing. Its total profit during 2011-12 fiscal fell to Rs 127.74 crore, down 45 per cent from a year ago, the filing said.

Edelweiss Fin Services Q4 Net down 10.4% 

After plunging to a record low in yesterday's trade, the rupee recovered by 27 paise to trade at 54.23 against the dollar on the Interbank Foreign Exchange market in early trade today on selling of US currency by banks.

Rupee recovers from record low, up 27 paise against dollar

The rupee fell to a new record low against the dollar on Thursday as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows.

Rupee hits record low on local stocks, risk aversion

The rupee hit a record low against the dollar for a second session in a row on Thursday as global risk assets remained largely under pressure, leading the Reserve Bank of India (RBI) to intervene again, according to traders.

Rupee falls to record low of 54.60/dollar

The sharp decline of the rupee in the last one month may complicate things further for the central bank, in terms of lowering interest rates, as concern of imported inflation is set to weigh on Reserve Bank of India (RBI)&rsquo;s decision making.

Weakening currency bane for RBI rate cut

The Reserve Bank of India (RBI) on Thursaday allowed banks to establish outlets for business correspondents (BC) in rural centres to drive the government&rsquo;s financial inclusion programme.

Banks can set up biz correspondent outlets in rural areas

The Reserve Bank of India was considering selling dollars directly to oil importers to reduce exchange-rate volatility after the rupee fell to a record low yesterday, a central bank official said.

RBI mulls selling dollars directly to refiners

The world&rsquo;s top 29 banks may need a total $566 billion to meet tougher new capital rules, cutting returns by a fifth and forcing them to curb investor payouts and raise customer charges, Fitch Ratings said on Thursday.

Fitch says top 29 banks may need $566 bn

Aviva Plc, the UK&rsquo;s second-biggest insurer by market value, said it might sell underperforming units while it took the rest of this year to find a replacement for ousted chief executive officer Andrew Moss.

Aviva may sell underperforming units hunt for CEO on

The Reserve Bank of India&rsquo;s purchase of bonds via open market operations (OMOs) to infuse liquidity seems to be serving the primary objective of ensuring smooth sailing of the government&rsquo;s borrowing programme, as liquidity in the system remains tight. According to market participants, the OMOs have also come in handy at a time when the central bank is intervening in the foreign exchange market almost regularly to stem the sharp depreciation of the domestic currency.

OMOs aid govt borrowing as RBI fights rupee slide

The rupee today tumbled by 35 paise to trade at a new all-time time low of Rs 54.82 against the US dollar in early trade on increased capital outflows and strong demand from importers for the American currency.

Rupee hits new record low of 54.82 per dollar

Finance News: Latest investing news and finance headlines straight from Business Standard.

Page 3260 - Finance News