What the RBI is doing to check rupee slide

May 24, 2012 16:31

The Reserve Bank of India has taken steps to encourage forex inflows and curb speculation, says RBI Governor D Subbarao. Measures include the monitoring of the forex market and whatever is necessary to check the rupee slide, says the governor.

« Back to LIVE

TOP STORIES

Forex reserves drop $2.41 bn to $637.92 bn

India's forex reserves dropped $2.412 billion to $637.922 billion as on April 26, in the third consecutive weekly decline in the reserves, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall...

Prajwal Revanna booked for rape, says CM Siddaramaiah

He said he has directed police to identify, trace and secure the victims in view of the alleged kidnapping of a victim at Krishnaraja Nagar town in Mysuru district.

Why BJP, Shinde Sena are courting Raj Thackeray

The BJP and Shiv Sena, which along with Ajit Pawar's Nationalist Congress Party comprise the ruling Mahayuti, for some time now have been courting Thackeray, who founded the MNS in 2006.

Ricky Ponting reveals son's secret IPL ritual

Ricky Ponting opens up on his son's love for the sport

Sensex tumbles 733 points amid broad-based selloff; Nifty slips from record

From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.