RBI net seller of dollars in August, sells USD 1.559 billion
RBI net seller of dollars in August, sells USD 1.559 billion

The Reserve Bank of India sold net USD 1.559 billion in the month of August in order to curb rupee volatility in the currency market.

Raghuram Rajan says enough reserves to contain volatility, hints at rate cut

"I wish to reassure the markets that our macroeconomic factors are under control as the economy is in much better position relative to many other economies," Rajan told the IBA-Ficci organised banking summit Fibac.

No apprehension in using reserves to reduce rupee volatility: Raghuram Rajan

Rajan said, once market volatility settles down, India should emerge again as an investment destination of choice. He also said that the crude prices may remain soft for a year or two.

'Indian business optimism at its highest since 2010'

This optimism is driven by the fact that 92% of Indian businesses expect their revenues to rise in the next 12 months.

RBI Governor says must prevent extreme volatility in rupee

The Reserve Bank of India (RBI) will prevent extreme volatility in the rupee, its chief Raghuram Rajan told on a television channel Thursday.

Monetary policy to focus on inflation, liquidity: Rajan

With seven more days to go for the next monetary policy review, the Reserve Bank Wednesday said it will focus on controlling inflation and roll back measures taken to check rupee volatility to improve liquidity.

Mutual fund industry's AUM drops 4.5% in July-Sept quarter

Assets under management (AUM) of the mutual fund industry fell by 4.5 per cent to Rs 8.08 lakh crore in July-September quarter amid continued volatility in the rupee and stock markets.

Use forex reserves to curb rupee volatility: Kaushik Basu

With the rupee sliding below the 63 mark against US dollar, World Bank Chief Economist Kaushik Basu Monday said the country should use forex reserves to curb volatility in the currency market and not to look to IMF for funds.

Rupee volatility impacting stock markets: Fin Min

As the benchmark S&P BSE Sensex tanked by more than 700 points in the afternoon, the Finance Ministry on Friday said excessive rupee volatility is impacting the equity markets.

RBI announces additional measures to check rupee slide

With the rupee still continuing to be weak, the Reserve Bank on Tuesday announced additional liquidity tightening measures to contain excessive speculation and volatility in the foreign exchange market.

RBI steps not to result in high interest rate: PM

Singh said the volatility in exchange rate was caused due to concerns over withdrawal of quantitative easing by the US.

Rate sensitive scrips tank up to 10% on RBI move

Interest-rate sensitive stocks such as banking and realty today plunged up to 10 per cent, after RBI raised lending rates in order to stem rupee volatility.

RBI intervention was needed, to cause some 'pain': Montek

Justifying RBI intervention to arrest rupee depreciation, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said there would be some "pain" due to the action in short term.

Bankers hope RBI steps will reverse after rupee stability

Bankers on Tuesday said the liquidity tightening measures announced by the RBI are temporary and hoped they will be rolled back once the rupee stabilises.

Currency volatility adding to corporate treasury dilemma: KPMG

The rupee that has depreciated by over 10 percent in the last one month and is witnessing high volatility is adding to corporate treasury dilemma, said KPMG.

RBI to intervene when required to check rupee volatility: Montek

RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.

RBI to take all steps to check rupee volatility: Chakrabarty

Attributing rupee fall to rising current account deficit (CAD), RBI Deputy Governor K C Chakrabarty on Thursday said the central bank will be taking steps to check currently volatility.

Govt has limited options to prop up Rupee: Morgan Stanley

Policy-makers in the country have fewer options to manage rupee volatility except announcing measures like special dollar deposit scheme in case the global risk aversion lingers among investors, a report by Morgan Stanley Research said here on Tuesday.

Rupee volatility hinders planning process for Indian software companies: Nasscom

Software lobby Nasscom Friday said the volatility of currency movement is a concern that needs to be tackled since it hinders the planning process for the Indian software exporters.