Amid the debate about whether the rupee should be depreciated sharply to benefit exporters, currency market participants are not sure it will boost India’s prospects of cornering a larger slice of the global market. However, the underlying message to the Reserve Bank of India (RBI) could be to lower rates. A low interest rate makes the country less attractive for Read More

The rupee, on Thursday, ended below the psychological 67-mark, falling 13 paise to hit over two-week low, on renewed demand for the US dollar amid reports that the commerce ministry might propose devaluation of the domestic currency to give a fillip to the exports sector. To end the day, the rupee settled at 67.02 against the American currency – its Read More