The Falling Rupee

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

Rupee hits 56 versus the dollar

The rupee slumped to a new record low of 56 to the dollar on Wednesday weighed down by global risk aversion, with the Reserve Bank of India's intervention earlier in the day seen as too mild to prevent further falls.   Full Article 

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India cbank panel for higher risk weights for some NBFCs

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MUMBAI | Mon Aug 29, 2011 12:21pm IST

MUMBAI Aug 29 (Reuters) - A panel of the Indian central bank on Monday suggested higher risk weights on capital market and commercial real estate exposures for non-bank finance companies (NBFC) that are not sponsored by a bank or do not have any bank as part of its group.

The Reserve Bank of India (RBI) panel, suggested in its report on issues and concerns in the NBFC sector, to impose a risk weight of 150 percent for capital market loans and 125 percent for commercial real estate loans by such NBFCs. (Reporting by Suvashree Dey Choudhury)

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