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View Full Version : Rupee Rallies Most Since December on RBI Measures: Mumbai Mover - Bloomberg



NewsWhore
05-10-2012, 01:00 AM
Rupee Rallies Most Since December on RBI Measures: Mumbai Mover (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHArcte89WxX2zK8bpKWq8zapJI9g&url=http://www.bloomberg.com/news/2012-05-10/rupee-rallies-most-since-december-on-rbi-measures-mumbai-mover.html)
Bloomberg
The currency rebounded from near the lowest level since December after the Reserve Bank of India cut the amount of overseas income companies can hold in foreign currency to 50 percent from 100 percent, forcing them to convert earnings.

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