The rupee breached the 80 mark to the US dollar for the first time during the formal trading hours in Mumbai Tuesday amid a rush by importers to cover currency risks against offshore payables and concerns over quickening fund outflows.
The Reserve Bank of India (RBI) and the Centre could take a series of one-off measures to halt the rupee’s slide.
A Piramal Group-led consortium, IndusInd International, Oaktree Capital and Cosmea Financial are among resolution applicants actively considering a bid for Reliance Capital as an entire company, said two people aware of the development.
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