The rupee was last trading at 54.42/45, unchanged against its Friday close of 54.42/44.
The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate declined on the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.
Private sector lender Federal Bank today launched two premium debit cards exclusively targeted at its HNI customers, apart from a premium travel card.
SBI has beaten f'cast with its quarterly result announced today.
Rupee tumbled further today, losing 38 paise on fresh demand for the American currency.
The steep fall in rupee may put some inflationary pressures on the economy as the cost of imports would go up, experts said today.
The rupee fall has complicated the efforts of the Reserve Bank of India on the monetary front
The rupee today gained 5 paise to close at 54.42 against the dollar with RBI's swift action pulling it back from near 55-levels touched in early trade amid strong capital outflows.
The Indian currency is likely to continue its downslide, feel experts.
RBI Dy Guv Chakrabarty, replying to calls for arresting rupee fall, said cbank targets only volatility.
A day after closing at a record low against dollar, the rupee today slid to 54.60 intra-day.
The government securities (G-Sec) settled mixed on alternate bouts of buying and selling while call rate reacted downwards on the overnight call money market here today due to lack of demand from borrowing banks amidst ample liquidity in the banking system.
Rupee gained on Thursday as global risk assets stabilised globally after a recent selloff.
Bharti Airtel customers will now be able to open no-frills savings account in Axis Bank through their mobiles and will be able to carry out transactions such as cash deposits, transfers and withdrawals.
Traders believe the central bank will turn its sight to the futures markets instead to stop rupee's slide.
The slide would be contained when there is certainty in eurozone recovery: Finance Ministry.
The Corporation Bank opened an exclusive loan centre for small and medium enterprises (SMEs) in the city on Tuesday.
Rupee plunged through psychologically crucial 54-mark vs US$ before RBI pulled off a rescue act.
RBI staff says the public will suffer and there will be complete anarchy in the currency space.
Pranab Mukherjee has been left scrambling for solutions after rupee dropped to all-time low.
Rupee closed at 54.50 despite RBI's intervention, raising concerns about health of economy.
A weaker rupee would go a long way in reducing some big concerns for India, analysts say.
Govt securities (G-Sec) firmed up further on sustained buying support from banks and corporates.
Besides, the bank has also announced loyalty benefit of 0.25 per cent on the card rate.
Leading gold loan company Muthoot Finance today posted an over 80 per cent jump in net profit at Rs 892 crore for the financial year 2011-12.