The Troubled 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 at record low as India seen lacking options to brake fall

A top official said the government has options to stem a fall in the rupee but did not offer any specifics, turning the focus on the RBI to stem a rout that sent the rupee to record lows.  Full Article 

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RBI deputy Gokarn's term extended till Dec 31 - finmin official

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A policeman walks past the logo of the Reserve Bank of India (RBI) outside its head office in Mumbai November 2, 2010. REUTERS/Danish Siddiqui/Files

A policeman walks past the logo of the Reserve Bank of India (RBI) outside its head office in Mumbai November 2, 2010.

Credit: Reuters/Danish Siddiqui/Files

MUMBAI | Wed Nov 21, 2012 5:23pm IST

MUMBAI (Reuters) - The Reserve Bank of India's Deputy Governor Subir Gokarn's term has been extended to December 31, a finance ministry official, who did not wish to be named, said on Wednesday.

Gokarn's three-year term was supposed to end on November 24. He handles the monetary policy department among others and also represents the RBI at the G-20 Deputies' forum. (Reporting by Arup Roychoudhury; Editing by Prateek Chatterjee)
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