Monday, October 13, 2008

Rupee rises, cash rate falls at open

Posted: 12 Oct 2008 10:50 PM CDT

MUMBAI (Reuters) - The rupee gained on Monday, helped by gains in Asian stocks and a view that the Reserve Bank of India (RBI) had greater capacity to support the currency through intervention after a hefty cut in banks' cash reserve requirements.

Expert panel on financial crisis meets Monday for solutions

Posted: 12 Oct 2008 07:01 AM CDT

New Delhi, Oct 12 (IANS) An expert panel under Finance Secretary Arun Ramanathan meets here Monday to find solutions to help India weather the global financial turmoil, which has led stocks to crash and industrial growth trip to its lowest in a decade.

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