The Indian rupee slumped to a record low of 56.55 against a dollar Thursday due to increased demand for the American currency by exporters and weak cues from the stock markets.
The partially convertible rupee fell to record low of 56.55 against a dollar at around 1.20 p.m. at the Interbank Foreign Exchange market, down 0.7 percent from its previous day close.
The previous record low of the rupee was 56.52 against a dollar recorded early this month.
Pratip Chaudhuri, chairman of the country's largest lender, State Bank of India (SBI), said Saturday that the RBI and SEBI should start public awareness campaigns for depositors on the risk of investing in shady companies.
There was just 1.6 per cent growth witnessed in the Russian GDP in the first quarter this year, which is its fifth quarterly fall, according to the country's federal statistics service.
Global ratings agency Standard& Poor's (S&P) Friday said its outlook on India remained negative and there was a one-in-three likelihood of a downgrade within the next 12 months.
The company revealed some new search tools at I/O, its annual developers conference in San Francisco. Taken together, they are another step toward Google's trying to become the omnipotent, human-like " Star Trek" search engine that its executives say they want it to be.
