India's central bank unveils steps to counter the rupee's decline

India's central bank unveils steps to counter the rupee's decline

Analysts say the measures will provide temporary support but won't reverse the rupee's trend
Foreign-currency earners must convert 50% of forex into rupees within two weeks
Banks' intraday position limits set at five times overnight limit



MUMBAI -- India's central bank Thursday moved aggressively to halt a sharp slide in the rupee, imposing foreign-exchange restrictions on companies and tightening trading rules for banks, but analysts said the measures may not be enough to reverse the currency's trend.