25 Mar 2017 | 3:05 PM
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Currency Research Report: Daily Currency Report

Indian rupee extended its recovery against the dollar for the second session and gained more than a percent because some immediate dollar inflows are possible after RBI governor Raghuram Rajan announced a slew of reforms measures on Wednesday.
06 Sep 2013 | 09:15 AM

  • Indian rupee extended its recovery against the dollar for the second session and gained more than a percent because some immediate dollar inflows are possible after RBI governor Raghuram Rajan announced a slew of reforms measures on Wednesday.
  • These reforms range from freeing up bank branches, to improved debt recovery systems, to stricter controls on debt restructuring.
  • Global credit rating agency Moody's has downgraded 11 Indian banks' sub-debt ratings on increased bail-in risk and has warned India against its rating downgrade to junk status.