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Current position of rupee is pretty reasonable: Raghuram Rajan

Current position of rupee is pretty reasonable: Raghuram Rajan

RBI Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".

ADB trims developing Asia growth forecast; India on track

ADB trims developing Asia growth forecast; India on track

ADB on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet 7.4 percent and 7.8 percent growth forecast for this and the following year.

HDFC masala bonds issue to pave way for others: Nomura

Private sector mortgage lender HDFC raising Rs 3,000 crore via masala bonds is expected to open the gates for other corporate peers to access this alternate source of funds, says Japanese financial services major Nomura.

Indian markets closed today for Eid-ul-Fitr

Indian markets closed today for Eid-ul-Fitr

All major markets including BSE, National Stock Exchange, forex, money, bullion, oilseeds and other commodity markets except sugar will remain closed Wednesday on account of "Eid-Ul-Fitr" (Ramzan Eid).

Rains, rupee, reforms expected to lift equities

Rains, rupee, reforms expected to lift equities

Healthy monsoon rains, more economic reforms and a firm rupee are expected to support the equity markets` upward trajectory in the coming week.

Forex reserves touch a life-time high of $363.8 billion

Foreign exchange reserves hit a life-time high of USD 363.8 billion after it rose USD 592.1 million in the week ended June 17, the Reserve Bank said on Friday.

Brexit fallout: 7th Pay Commission payout likely to be delayed

Brexit fallout: 7th Pay Commission payout likely to be delayed

Amid all the implications of Brexit on India, something that may stand out is a strong possibility that the much-waited payout of 7th Pay Commission Commission likely get delayed for coming 2-3 months.

Rupee falls after Raghuram Rajan's surprise move to quit in September

Rupee falls after Raghuram Rajan's surprise move to quit in September

India`s rupee fell to a near one-month low and bonds weakened on Monday after central bank governor Raghuram Rajan, whose reforms have been credited for much of the economy`s success in recent years, announced he would quit when his term ends in September.

RBI governor Raghuram Rajan faces ghosts of rupee's past

RBI governor Raghuram Rajan faces ghosts of rupee's past

The looming expiration of an emergency liquidity measure introduced during India`s 2013 currency crisis comes at a risky time for the rupee, with about $20 billion in deposits expected to leave the country as global investment appetite worsens.

India’s forex reserves dips marginally to $360.19 bn

India’s forex reserves dips marginally to $360.19 bn

India’s foreign exchange reserves dipped marginally to $360.19 billion as on May 27, the Reserve Bank of India (RBI) has said.

India's forex reserves down $121.3 mn to $360.90 bn

India's forex reserves down $121.3 mn to $360.90 bn

Total reserves had dipped by USD 968 million to USD 361.02 billion in the previous reporting week ended May 13.

Rupee free fall continues, plunges 26 paise to 67.75

Rupee free fall continues, plunges 26 paise to 67.75

The rupee continued its incessant free fall for the ninth straight day Tuesday by dropping 26 paise to end at a fresh 2-1/2 month low of 67.75 on sustained demand for the American currency.

Rupee hits 2-week closing low of 66.58 against US dollar

Rupee hits 2-week closing low of 66.58 against US dollar

The rupee surrendered its morning gains and ended lower by 4 paise at the close, hitting 2-week low of 66.58 on fag-end dollar demand from banks and importers amid higher greenback in the global markets, despite a sharp recovery in domestic equities.

Fake currency notes of Rs 100, Rs 1,000 increased over last three years

Fake currency notes of Rs 100, Rs 1,000 increased over last three years

The fake currency notes of Rs 100 and Rs 1,000 are on a rise over the last three years as per the latest Finance Ministry data presented in the ongoing Lok Sabha. 

Rupee snaps 2 weeks gaining spree against on fresh dollar demand

Snapping its last 2-week gaining spree against the American currency, the rupee dropped by 21 paise to 66.54 per dollar on fresh dollar demand from banks and importers.

Rupee falls 11 paise to 66.44 Vs US dollar

Rupee falls 11 paise to 66.44 Vs US dollar

In line with equities, the rupee Monday fell by 11 paise to close at 66.44 on fresh demand for the US currency from banks and importers despite weaker dollar in the overseas market.

RBI cuts minimum maturity period for offshore rupee debt

Reserve Bank of India said on Wednesday it would lower the minimum maturity period for rupee debt issued abroad by Indian companies to three years from five years, in line with foreign investment in corporate bonds.

Rupee continues upward march, ends at 66.43

The rupee on Tuesday ended marginally higher by one paisa to close at 66.43 against the American currency and continued its upward march for the third day today on selling of dollars by banks and exporters in view of sustained foreign capital inflows.

Rupee snaps 2-day losing streak vs dollar, up 19 paise

Snapping its two-day losing streak, the rupee today gained 19 paise to close at 66.47 a dollar on fresh selling of dollars by banks and exporters as the US currency weakened in global markets.

Move towards 4% inflation to contain rupee volatility: Raghuram Rajan

Move towards 4% inflation to contain rupee volatility: Raghuram Rajan

Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan today said a move towards an inflation target of 4 per cent will help contain the currency market volatility