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Rupee devaluation News

Rupee devaluation

05 Jul 2017

State Bank of Pakistan says 3% currency drop to address external pressures, help economy

Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.

Rupee devaluation

16 Sep 2016

Is it the right time to devalue Indian rupee?

Till September 14, Finance and Commerce Ministry corridors were abuzz with possible rupee-devaluation topic. However, as the next day arrived, all these speculations went to the backburner.

15 Sep 2016

No plans to devalue rupee, market to determine value: Finance Ministry

As the rupee saw a sudden plunge this morning on reports of currency devaluation, Finance Ministry officials on Thursday said there were no plans to devalue the domestic unit and its value will continue to be determined by the market.

15 Sep 2016

Didn't tell reporter I want devaluation: Nirmala Sitharaman

The government sent mixed messages on Thursday whether it wanted a weaker rupee, with Commerce Minister Nirmala Sitharaman saying she had not told a reporter the government was discussing a devaluation but stopping short of an outright denial.

15 Sep 2016

Rupee falls on report of ministry's call for weaker currency; finance ministry denies

The Indian rupee fell below 67 to the dollar on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to the government to promote dwindling exports.

15 Feb 2016

RBI, govt not in favour of undervaluation of Rupee: Raghuram Rajan

Reserve Bank Governor Raghuram Rajan Monday said neither RBI nor the government intends to "undervalue" the rupee to pursue growth unlike countries such as China and Japan because it leads to a lot of problems over time.

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