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There is a growing expectation that Asian central banks — including the Reserve Bank of India — will ease policy in the first half of 2012, stimulating growth in the second half and drawing nervous investors back. That of course is dependent upon a solution to the euro zone crisis which has financial markets in [...]
The rupee fell to an all-time low on Tuesday as oil refiners and other companies scrambled to buy dollars, with the currency looking increasingly vulnerable to a swelling current account deficit and fears over the global economy and eurozone. Exposure to short-term portfolio flows, a rising oil import bill and worsening government finances have heightened [...]
Rupee fell more than 0.8 per cent on Tuesday to its weakest level in nearly 32 months as dollar demand from importers remained strong and worries over Europe’s debt crisis kept the euro under pressure. Traders said the rupee could test the 51 per dollar mark during the day if the euro declines further after [...]
Corporate dollar inflows help rupee – traders Sluggish shares, widening trade deficit weigh Industrial output growth seen slowing; data awaited- The rupee pulled back on Friday as companies cashed in their dollars after the Indian unit slid to its lowest in more than two-and-a-half years. However, sluggish stocks and a worsening trade deficit kept the [...]
The rupee weakened to 50 against the dollar on Friday, a level not seen in more than 28 months, as investors globally continued to dump high yielding riskier assets for the safety of government bonds. At 9:28 am, the partially convertible rupee was at 49.82/83 per dollar, after hitting 50 in a one-off deal, its [...]
The rupee dropped past 49 against the dollar on Thursday to its weakest in nearly 25 months following a global selloff in shares and as the US currency extended gains against majors. At 1:31pm, the partially convertible rupee was at 48.98 to a dollar, after hitting 49.01 — a level last seen on Sept. 2, [...]
Rupee fell to its lowest in two years on Tuesday as investors plumbed for the dollar’s safety after rating agency S&P downgraded Italy, deepening fears over Europe’s sovereign debt crisis. The market is largely tracking the euro’s slide and all eyes were on the central bank for any likely intervention, traders said. At 10:45 a.m. [...]
The Indian rupee remained stronger in afternoon trades on Friday aided by positive local shares and a stronger euro against the dollar, but importers’ demand for the greenback is likely to cap gains. * At 1:55 p.m., the partially convertible rupee was at 44.9175/9250 per dollar, marginally stronger than Thursday’s close of 44.97/98. * Traders [...]
The rupee recouped all intraday losses in afternoon trades and rose on Wednesday tracking gains in the common European unit. * At 1:54 p.m., the partially convertible rupee was at 44.4825/4875 per dollar after hitting a low of 44.60 earlier. It had closed at 44.51/52 on Tuesday. * The euro rose against the dollar on [...]
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