BofA-ML pegs rupee at 57-58 on positive poll outcome

It expects the current account deficit to widen to 2.7 percent of GDP in FY`15 from 1.9 percent in FY`14.

Report sought on plea to ban coins with Vaishno Devi image

The Delhi High Court Wednesday directed the centre to file a status report on a plea seeking withdrawal of Rs.5 denomination coins with the image of deity Mata Vaishno Devi embossed on the reverse.

Manmohan Singh leaves for St Petersburg G20 Summit

Prime Minister Manmohan Singh left for St Petersburg to join other leaders at the G20 Summit and find ways to tackle the challenges faced by the global economy.

Weak rupee scuttles Bollywood`s shooting in alien lands

The falling Indian rupee has led to a sharp decline of up to 35 percent of Bollywood movies being shot in exotic foreign locales in the past four months, an industry study released here Monday said.

UPA govt facing flak for sliding Rupee: Advani

BJP leader LK Advani said Parliament and media have been abuzz with criticism of the manner in which the UPA government has failed to prevent the sliding Rupee.

The Rupee pain

The rupee’s freefall in part can be blamed on fears that the US will scale back stimulus measures.

`Rupee might touch 67 level in near term`

Policy decisions taken at economic level will need time to show results.

Govt not bothered about security, rupee decline: Narendra Modi

Gujarat Chief Minister Narendra Modi on Tuesday criticised the union government, saying it was not bothered about the falling value of the rupee and the security of the country.

Why has govt failed to stem rupee`s fall?

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

With weak rupee, Kerala diaspora on a gold rush

The free fall of rupee against the dollar is proving to be a windfall for Kerala`s 2.5 million diaspora based mostly in the Middle East and the US.

Why the Rupee has got hammered

Rupee`s downward trend does not seem a temporary one.

Do markets give a damn about rupee slide?

A ZRG study of S&P BSE Sensex data reveals that most of the times Indian market has remained indifferent on the particular day when rupee has closed below key levels of 57 and 58.

Dollar shock for Indian hedge funds

After witnessing two years of strong returns, Indian hedge funds started their 2011 campaign with two months of negative returns. It should be noted, however, that despite these losses, they managed to beat the market by significant margins.

Economic gloom deepens as rupee fuels inflation

The risk is that a plunging rupee will be seen by investors as reason enough to pull capital out of the country, adding yet more downward pressure on the currency and setting off a balance of payments crisis.

Rupee`s decline adds to India`s woes

India relies on capital inflows to fund its current account deficit, but self-inflicted wounds and investors` worries about troubles elsewhere has been driving capital away.