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India pledges rupee action as currency nears fresh low

MUMBAI/NEW DELHI (Reuters) - 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 reFull story

Rupee slumps as India central bank holds rates, opposes sovereign issue

MUMBAI (Reuters) - India left interest rates unchanged, but the rupee lost 1.8 percent against the dollar in its deepest plunge in more than a month as investors worried that further measures will be needed to support a currency that is teetering close to a record low. Full story

India's Lanco Infra starts process to restructure $1.3 billion debt

MUMBAI (Reuters) - India's Lanco Infratech Ltd <LAIN.NS> has started a process to restructure debts totaling 75 billion rupees ($1.3 billion) after economic weakness impacted the performance of some of its businesses such as power and engineering and construction. Full story

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India rupee hits 5-wk high, yields rise at bond auction

Analysis: History shows India's growth concerns will override rupee defense

India's central bank shows resolve on rupee ahead of key debt sale

Indian bonds yield surge as central bank steps up rupee defense

India to call on millions of non-residents to defend rupee: sources

Question of change or continuity hovers over Indian central bank

India's TCS surges after April-June earnings beat estimates

Rupee's plunge drives up offshore debt costs for India Inc

Indian rupee, markets draw cold comfort from relaxed FDI rules

India makes risky bet with rupee defense

Related Photos

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013.REUTERS/Adnan Abidi
An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013.REUTERS/Adnan Abidi

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013.REUTERS/Adnan Abidi

An employee counts Indian currency notes inside a private money exchange office in New Delhi
An employee counts Indian currency notes inside a private money exchange office in New Delhi

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. India's central bank was seen selling dollars via state-run banks on Friday as the rupee approached its record low of 60.76 seen on June 26, four dealers said. REUTERS/Adnan Abidi (INDIA

A dock worker  rides his bicycle past shipping containers at the main Sri Lankan port in Colombo
A dock worker rides his bicycle past shipping containers at the main Sri Lankan port in Colombo

REFILE - ADDING DROPPED WORD A dock worker rides his bicycle past shipping containers at the main Sri Lankan port in Colombo June 19, 2013.Sri Lanka's rupee edged up on Wednesday due to late dollar sales by exporters on thin volume, with the central bank not intervening in the currency market, but

A dock rides his bicycle past shipping containers at the main Sri Lankan port in Colombo
A dock rides his bicycle past shipping containers at the main Sri Lankan port in Colombo

A dock rides his bicycle past shipping containers at the main Sri Lankan port in Colombo June 19, 2013.Sri Lanka's rupee edged up on Wednesday due to late dollar sales by exporters on thin volume, with the central bank not intervening in the currency market, but depreciation pressure on the rupee st

A dock worker walks past shipping containers at the main Sri Lankan port in Colombo
A dock worker walks past shipping containers at the main Sri Lankan port in Colombo

A dock worker walks past shipping containers at the main Sri Lankan port in Colombo June 19, 2013.Sri Lanka's rupee edged up on Wednesday due to late dollar sales by exporters on thin volume, with the central bank not intervening in the currency market, but depreciation pressure on the rupee still r

A dock worker sits next to shipping containers at the main Sri Lankan port in Colombo
A dock worker sits next to shipping containers at the main Sri Lankan port in Colombo

A dock worker sits next to shipping containers at the main Sri Lankan port in Colombo June 19, 2013. Sri Lanka's rupee edged up on Wednesday due to late dollar sales by exporters on thin volume, with the central bank not intervening in the currency market, but depreciation pressure on the rupee stil