Cites caution amid ongoing IMF talks and inflation concerns
Insists tech giant undervalued currency, seeks explanation
A more flexible exchange rate had been a key demand of the IMF
Fall 9% from $2.46b in Oct due to volatile exchange rate
Currency likely to move in narrow band in current week
Oil body urges govt to foster fair pricing formula, protect private sector OMCs
Market talk suggests that the rupee will reach less than Rs280 per greenback soon
Gains Rs1.07 and hits over 3-week high at Rs298.82/$
Local currency hits all-time low of 305.6 against greenback
Dollar experiences new high against battered yen