|
Jun 25, 2012, 03.32 PM IST
The Reserve Bank of India likely sold dollars via state-run banks starting at around Rs 56.90 to prevent a further slide in rupee after measures announced to boost the economy disappointed.
India took a handful of measures to help prop up the embattled rupee on Monday, including increasing the limit on foreign investment in government bonds by USD 5 billion to USD 20 billion. Also read: RBI dose for rupee; ECB limit, FII holding in G-Secs hiked At 3:10 p.m., the partially convertible rupee was at 56.80/84 per dollar, after hitting a session low of 56.97 soon after the announcement. The rupee was still stronger than its close of 57.12/13 on Friday, a day when the currency had dropped to a record low of 57.32.
Related News
  358 days 21 hrs 33 min ago  358 days 17 hrs 55 min ago  358 days 18 hrs 54 min ago  358 days 22 hrs 30 min ago  358 days 21 hrs 38 min ago  358 days 21 hrs 5 min ago  358 days 22 hrs 3 min ago  |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
