Telecom/Mobile News Headlines | Tech News – Yahoo! India News: Rupee jumps over 2 pct after RBI action

Telecom/Mobile News Headlines | Tech News – Yahoo! India News Latest telecom/mobile news headlines from Yahoo! India News. Top stories & Telecom/Mobile news articles, videos, photos from India & around the world.

Rupee jumps over 2 pct after RBI action Dec 16th 2011, 05:27 MUMBAI (Reuters) - The rupee jumped more than 2 percent on Friday and was on track to post its biggest single-day rise in more than two years after the central bank took steps to stem the currency's plunge to a series of record lows. At 10:47 a.m. (0517 GMT), the rupee bounced to 52.67/70 per dollar from 53.64/65 at close on Thursday. After the market closed on Thursday, the Reserve Bank of India reduced trading limits for banks in the foreign exchange market, making it difficult for market players to keep speculative positions open for a long time. ...

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