The Troubled Rupee
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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Rupee up after two days of losses; exporters sell
An employee arranges currency notes at a cash counter inside a bank in Agartala February 18, 2010.
Credit: Reuters/Jayanta Dey/Files
Reuters Market eye - The rupee rises to 54.59/60 versus its previous close of 54.69/70 as exporters sell the greenback after the pair rises for two straight sessions.
Most Asian currencies also trading stronger compared with the dollar.
The Sensex is trading up 0.4 percent, hurting sentiment for the dollar.
Traders, however, expect dollar demand from oil companies to continue later in the session and limit any sharp downside in the pair.
(Reporting by Swati Bhat)
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