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.
Jul 05, 2017, 20:35 PM IST
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.
Sep 16, 2016, 17:05 PM IST
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.
Sep 15, 2016, 14:19 PM IST
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.
Sep 15, 2016, 11:05 AM IST
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.
Sep 15, 2016, 11:00 AM IST
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.
Feb 15, 2016, 18:59 PM IST
