Page 3263 - Finance News
Rupee breaches 56/dollar, despite RBI action
Continues to fall for sixth day in a row despite steps taken by RBI
Rupee slumps to new low of 56.22 on Greece woes
RBI's multiple attempts to prop up the currency did not have much impact with fund outflows intensifying
Re fall to have limited benefit for exports
But weak global demand, costly imports play spoilsport
Textile exporters' profits to be hit
As dollar gains, importers seek renegotiation of contracts signed earlier exports may rise only if govt gives incentives
Rupee breaches 56/dollar amid feeble RBI action
Currency sinks to a record low for sixth straight session central bank may have sold $100-250 million
India Inc tries to second-guess Re movement
Most firms are hedged but not taking new hedge covers IT, pharma gain sectors such as steel and auto bearing the brunt
Update: Rupee recovers from low, at 55.86/dollar
Rebound in the stock market, and steps taken by RBI, helped the rupee recover
Rupee rebounds from record low, closes at 55.65/dollar
The rupee has shed 12.7% since its 2012 peak in early February and is the worst performer in Asia so far
MFI-fuelled suicides in AP had insurance cover
However, they had no idea about it, since no one informed them, says govt agency
RBI cracks down on exporters & banks, rupee sees sharp rebound
Warns of severe penal action for violation of dollar-holding norms
Rupee down 12 paise at 55.77 a dollar, touches 56.07
Decline partly triggered by dollar becoming stronger against other global currencies in overseas forex markets