RBI and SEBI step in, apply brakes on Indian rupee free-fall

The Reserve Bank of India and market regulator SEBI stepped in with a wide set of measures Tuesday to stop the rupee from sliding beyond the 12 per cent it has fallen since the end of April. The measures make it costlier for banks and dealers to take positions in the market expecting a further dip in the rupee and groups large buyers of dollars...

Read Full Story>>