The Indian rupee is set to become more volatile as the Reserve Bank of India's new governor loosens control over the partially convertible currency as a rampant U.S. dollar exerts relentless downward ...

However the "convertible" description of the new currency is questioned since it's only accepted in Cuba although it became legal tender for the chain of "dollar" stores that offer merchandise ...

Jain Irrigation Systems today said its shareholders have approved the company's plans to raise up to USD 75 million by issuing foreign currency convertible bonds (FCCBs). Liquor firm Pincon ...