Edition:
India

Shamik Paul

India curbs FX outflows, targets gold imports in new rupee salvo

14 Aug 2013

MUMBAI India imposed restrictions on foreign exchange outflows and gold imports on Wednesday in a new attempt to prop up the rupee, as a spike in inflation added pressure on policymakers to curb a crippling external deficit.

India curbs FX outflows, targets gold imports in new rupee salvo

14 Aug 2013

MUMBAI India imposed restrictions on foreign exchange outflows and gold imports on Wednesday in a new attempt to prop up the rupee, as a spike in inflation added pressure on policymakers to curb a crippling external deficit.

India unveils new steps to drain cash to support rupee

08 Aug 2013

MUMBAI The Reserve Bank of India (RBI) announced new measures on Thursday to drain cash from the financial system in a bid to address volatility in currency markets, after a slew of steps announced last month failed to prop up the battered rupee.

India pledges rupee action as currency nears fresh low

31 Jul 2013

MUMBAI/NEW DELHI India stepped up its defence of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the central bank re-emphasised its commitment to stabilising the currency as it neared a record low.

India pledges rupee action as currency nears fresh low

31 Jul 2013

MUMBAI/NEW DELHI India stepped up its defence of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the RBI re-emphasised its commitment to stabilising the currency as it neared a record low.

India pledges rupee action as currency nears fresh low

31 Jul 2013

MUMBAI/NEW DELHI India stepped up its defense of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the central bank re-emphasized its commitment to stabilizing the currency as it neared a record low.

WRAPUP 1-India pledges rupee action as currency nears fresh low

31 Jul 2013

MUMBAI/NEW DELHI, July 31 India stepped up its defence of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the central bank re-emphasised its commitment to stabilising the currency as it neared a record low.

India must not hurt growth in rupee defence: Rajan

29 Jul 2013

MUMBAI India must ensure its moves to stabilise the rupee do not stifle growth, Chief Economic Adviser to the finance ministry Raghuram Rajan said on Monday, a day before the Reserve Bank of India meets on monetary policy.

Annual current account gap at record 4.8 percent of GDP

28 Jun 2013

MUMBAI India's current account deficit hit a record high 4.8 percent of gross domestic product in the fiscal year that ended in March, fuelled by rising imports of oil and gold, but was lower than an expected gap of 5 percent, giving a boost to the battered rupee.

Annual current account gap at record 4.8 percent of GDP

27 Jun 2013

MUMBAI India's current account deficit hit a record high 4.8 percent of gross domestic product in the fiscal year that ended in March, fuelled by rising imports of oil and gold, but was lower than an expected gap of 5 percent, giving a boost to the battered rupee.

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