Timing of return stands in his favour but challenges remain intact

Oil price slump also provides support as currency gains Rs2.63 vs dollar

Rupee bounces back by Rs2.62 to Rs237.03 in intraday trade in interbank market

Govt actions will determine direction of currency that has slid massively

Global investors view appeal as sign of imminent default on foreign debt

Current account deficit narrows down by 42% in Aug this year

Raises highest amount of financing through short-term papers

Domestic currency lost 12% against USD during the last 14 days

Loses crown of best-performing currency in world in just one month

Country expected to produce 5.5m bales this season