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Rupee undervalued, but no need to panic: Chidambaram

Last Updated: Thursday, August 22, 2013, 19:27

With rupee falling by 5.5 percent in five days, Finance Minister P Chidambaram Thursday said the currency is undervalued and has overshot appropriate levels but sought to assuage investors asserting there is no need for "excessive and unwarranted pessimism".

Inflation could accelerate due to rupee fall, says RBI

Last Updated: Thursday, August 22, 2013, 18:22

India's inflation could accelerate in the current fiscal year due to the rupee's sharp depreciation, the Reserve Bank of India (RBI) said in a report on Thursday.

Boosting forex inflows "key" to supporting rupee: Barclays

Last Updated: Thursday, August 22, 2013, 18:08

Rupee is unlikely to get any "meaningful benefit" from the Reserve Bank of India's most recent measures as the key to support the currency is boosting forex inflows, Barclays said in a research note.

Rupee fall: Don’t panic, India better than many countries, says FM

Last Updated: Thursday, August 22, 2013, 17:32

With the Indian rupee falling further by the day and hitting an all time low of 65.56 against the dollar Thursday, Finance Minister P Chidambaram said there was no need to panic and asserted that the condition of the Indian economy and currency was better than many countries across the world.

FM meets top officials as rupee slide, stock market crash continue

Last Updated: Wednesday, August 21, 2013, 21:51

Amid a continued slide in the value of rupee and stock market crash, Finance Minister P Chidambaram for the third day in a row held meeting with top officials and Reserve Bank Governor-designate Raghuram Rajan to take stock of the situation.

Indian rupee's free fall: A consequence of serious slowdown in economy

Last Updated: Wednesday, August 21, 2013, 17:23

India has come a long way from that day in 1947 when it gained independence and the rupee was a currency at par with the US dollar.

Why has govt failed to stem rupee`s fall?

Last Updated: Tuesday, August 20, 2013, 10:57

To bring back rupee to 55-level will be an uphill struggle.

Gulf-based NRIs taking loans to reap benefits of fall in rupee

Last Updated: Monday, August 19, 2013, 14:22

Money exchangers and bankers in Muscat said that NRIs have started resorting to personal loans as rupee touched an all-time low of 62.03 against the US dollar on Friday, Times of Oman reported.

Rangarajan for curbs on speculation to check rupee fall

Last Updated: Tuesday, August 06, 2013, 19:15

Rangarajan said the decline in the value of the rupee is a reflection of capital flows and strong demand for the dollar.

Rupee to strengthen as dollar seen weak after jobs data: Experts

Last Updated: Sunday, August 04, 2013, 16:52

Treasury officials of various banks see the rupee appreciating to the 60 levels this week. The rupee fell 67 paise on Friday to record closing low of 61.10 against the dollar.

Take urgent steps to contain CAD or risk further Re fall: RBI

Last Updated: Tuesday, July 30, 2013, 15:36

The CAD, which widened to an all-time high of 4.8 percent of GDP in FY13, has brought the external payments situation under increased stress.

Growth will improve to 6% in 2013-14: Chidambaram

Last Updated: Monday, July 29, 2013, 18:58

The challenges facing the economy notwithstanding, Finance Minister P Chidambaram Monday said the growth rate in the current fiscal will move up to 6 percent from 5 percent recorded in 2012-13.