Dollar Buying

The Reserve Bank of India has ensured $9 billion has been made available at overseas branches of some Indian banks for the country’s three state-run refiners to tap

Brace for further GDP downgrade, poor stock mkt performance

CNBC-TV18's Latha Venkatesh reports that weak trends in Asian currencies have spread on to the rupee as well. In addition to that, the market had already positioned itself short on the currency too.

Rupee gains for third session

Rupee extends gains for a third session. Pair at 53.68-69 versus 53.71-72 Friday close. Foreign funds continue to be big buyers of India stocks, having poured in USD 2.45 billion already in January.

RBI's hand is probably behind the rupee swing

The rupee slid to a two-week low mid-trade on oil importer buying and weak equities. The Indian currency however ended flat on the back of reported dollar sales by RBI.