Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
While the rupee depreciation in 2012 persuaded many companies in taking hedges against their foreign currency loans, industry analysts feel it might not be sufficient to counter the swift slide in the value of the local currency.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
India's foreign exchange reserves are at an all-time high.
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
The two Houses would now meet on December 27 as there would be no sitting on December 24 and December 26 in view of Christmas.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
The proposed increase is almost double from the present fee.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
'We have seen in India that radical ideology has by and large not been successful in taking root.'
Asserting that the Islamic State of Iraq and Syria has become the most well-funded terrorist group in recent memory, two top American senators have urged the Obama Administration to label the outfit as a 'Transnational Criminal Organisation', a designation given to Hezbollah.
NBFCs are mainly dependent on funding their operation from their own cash flows.
In a late-night tweet in capital letters, he said Iran must 'never, ever threaten the United States again'.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
Led by Ajay Shriram, chairman and senior managing director, DCM Shriram, the CEO's delegation seeks to convey to their American counterparts the sense of optimism amongst Indian industry.
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
Mattis said the Trump administration is being very clear and firm in what it expects from Pakistan.
"When we asked the US, to play facilitating role...Why do we ask? Simply because we are not engaging bilaterally," he said.
Banks normally park almost 27 per cent of their funds in government securitie.
Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into the banking system in the next few weeks.
Gold is often favoured as a hedge against economic and financial uncertainty
The amendments will also allow the NIA to probe cyber crimes and cases of human trafficking.
Rashtriya Janata Dal chief Lalu Prasad will appeal in the Jharkhand high court against his conviction in a fodder scam case, his family said on Monday and alleged he had fallen victim to a 'conspiracy' by his rivals.
A summary of sports events and persons who made news on Wednesday.
A plumbing company in the American state of Texas has sued a Ford dealership in Houston for over $1 million (Rs 1.68 crore) after Islamic State terrorists were seen using his old truck, thousands of kilometres away in strife-torn Syria.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
The Bill which stipulates up to two year jail term and a maximum fine of Rs 5 lakh for discriminating against differently-abled persons.
The sanctions have a singular purpose, denying the world's largest state sponsor of terrorists the capacity to do things like they did this past couple weeks, attempted assassination campaign in the heart of Europe, said US Secretary of State Mike Pompeo.
Secretary of State Mike Pompeo said that countries like India, if it gets the exemption, would be asked to bring down their oil imports from Iran to zero in six months' time.
Her departure from the cabinet marks an abrupt halt to the meteoric rise of the Gujarati-origin MP, often touted as a potential future leader of the Conservative Party and a prime ministerial candidate.
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
He also performed puja at Basuki Naag temple in the premises by pouring milk.
Deadlock in Rajya Sabha continued for the fourth day on Thursday as opposition kept demanding a reply by Prime Minister Narendra Modi on a debate on religious conversions, which the government steadfastly rejected.
This was the first dinner hosted for a foreign dignitary at the White House under the Trump administration.
In an angry reaction to US Defence Secretary Ashton Carter's remarks that "China's actions could erect a Great Wall of self-isolation" in the South China Sea, Chinese foreign ministry spokesperson Hua Chunying told media that "Carter's remarks reflected typical American style thinking and hegemony".
Mattis also warned Pakistan of global "diplomatic isolation" and losing its Non-NATO ally status if it failed to take action against safe havens to terrorists on its soil.
"This will be the first dinner for a foreign dignitary at the White House under this administration. So, we think that's very significant," a senior administration official told reporters at the White House on the eve of Modi's arrival.
