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The Indian currency had hit record low of 57.32 against a dollar in June last year.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
The government is determined to stop generation of black money, he said.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
Worried over a spike in interest rates in the wake of steps to support the falling rupee, the RBI on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
The President talked about demonetisation, electoral reforms and disruptions in Parliament.
The President said Indian economy grew at 5.7 per cent during the first quarter of 2014-15.
'Where have we failed, as parents, teachers and leaders, that our children have forgotten all tenets of decent behaviour and respect for women?' President Pranab Mukherjee asks the nation on the eve of Republic Day.
President Pranab Mukherjee on Thursday addressed the nation on the eve of the 68th Independence Day.
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