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The Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly to the banks and discontinue the practice of submitting it to the statutory auditors who conduct quarterly and half yearly review of bank accounts.
Rupee plunges to 66.16 vs dollar, down 17 paise
Oct 2, 2015
Hit by month-end dollar demand from importers, the rupee on Thursday dropped by another 17 paise against the American currency to close at 66.16, extending losses for fourth straight day, amid mixed global cues. Sustained foreign capital outflows also affected the market.
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