Rupee Depreciation

India @ 9 with Rajdeep Sardesai

Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...

Falling rupee: The reason for the rout

CNBC-TV18 banking editor Latha Venkatesh explains why the rupee continues to fall. ...

Falling rupee is a cause for concern: Jaipal Reddy

Oil Minister Jaipal Reddy said that the government was watching the rupee's movement closely. The Indian currency fell to an all-time low of 57.12 against the US dollar on Friday. ...

Rupee hits an all-time low of 57.12 against US dollar

Mumbai: The rupee hit a record low against the dollar for a second consecutive session on Friday and posted its worst weekly fall in nine months, hurt by dollar demand from oil firms and gold importers as well as the broad risk-off sentiment. Traders said the Reserve Bank of India stepped in to prop up the currency and prevent a much sharper fall, estimating dollar sales of $250-300 million, slightly...  

Is the Government in denial over the economy?

The Centre has insisted, despite a downgrade by credit rating agency Standard and Poor's, that all is well with the Indian economy. ...

'RBI may not cut rates just as yet'

CNBC-TV18 Banking Editor Latha Venkatesh said that despite high inflation and a falling rupee, the Reserve Bank of India may not cut rates just as yet. ...

Rupee at 1-week high; some see bottom

Mumbai: The rupee rose on Monday to its highest against the dollar in a week, despite a steep sell-off in global risk assets, on the back of dollar sales by corporates and exporters, as well as unwinding of long-dollar positions by banks. The recovery comes after the rupee had hit a string of record lows against the dollar in the second half of May, with the latest on Thursday when...  

Warning lights flash on India's economic dashboard

New Delhi: It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Prime Minister Manmohan Singh summoned journalists on his plane for a briefing. The one statement he had prepared for the media that night, however, concerned allegations of corruption levelled against him and his cabinet ministers - not the economy. Quizzed...  

'Govt has the will to take tough decisions'

The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on 'Devil's Advocate', Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Karan Thapar: Hello and welcome to the Devil's...