A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai

Rupee Records Decline; Hits Month Low at 60 per Dollar

Indian rupee slumped by 6 paise at 59.82 a dollar at early trade on Monday, against closing value of 59.76 per dollar on Friday at Interbank Foreign Exchange Market due to demand for dollars from oil exporters. Jun 16, 2014

RBI Eases KYC Norms to Avail Bank Accounts

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof - either permanent or local. Jun 13, 2014
An employee counts rupee notes at a cash counter inside a bank in Kolkata.

Rupee Falls Flat due to Forthcoming CPI and IIP Release

Rupee declined at early trade on Wednesday at 59.32 per dollar against previous day's closing value of 59.29 a dollar. The fall can be attributed to increased demand for American currency at Interbank Foreign Exchange market and absence of major inflows. Jun 11, 2014