The Indian rupee rollercoaster ride continues. After booking its biggest loss in years 18 years, the rupee surged 3.2% against the dollar today. This was the biggest gain since May 2009. Late Wednesday, the Reserve Bank of India said it will enter into USD-INR swaps with state-owned oil-marketing companies. “The […]
Worst performer against the dollar.
The rupee's plunge is gaining cultural significance.
India’s finance minister P. Chidambaram met with top bankers Saturday to discuss ways to boost the weak rupee and bring in more foreign capital to bridge a trade gap that has put pressure on the currency. Chidambaram was accompanied by top officials at the meeting in India’s financial hub of […]
As the rupee falls to a record low.
As liquidity tightens.
Today's big currency loser.
Central bank attempts to intervene.
The Indian rupee tumbled to a record low on concerns that slower domestic growth will hurt the inflow of money.