Subhadip's Feed
Oct 3, 2013

Rupee gains 1.2 pct, biggest rise in two weeks

MUMBAI (Reuters) – The rupee logged its biggest gain in two weeks on Thursday, helped by foreign fund inflows and bets that a prolonged shutdown of the U.S. government would further delay any tapering of the Federal Reserve’s massive stimulus.

Foreign funds were net buyers of over $2 billion in equities in September, the first month of positive purchases after May as foreign money returned to risk assets on the Fed’s assurance it would stick to its $85 billion monthly bond purchases.

Oct 3, 2013

Indian rupee gains 1.2 pct, biggest rise in two weeks

MUMBAI, Oct 3 (Reuters) – The Indian rupee logged its
biggest gain in two weeks on Thursday, helped by foreign fund
inflows and bets that a prolonged shutdown of the U.S.
government would further delay any tapering of the Federal
Reserve’s massive stimulus.

Foreign funds were net buyers of over $2 billion in Indian
equities in September, the first month of positive purchases
after May as foreign money returned to risk assets on the Fed’s
assurance it would stick to its $85 billion monthly bond
purchases.

Oct 1, 2013

Rupee gains; current account deficit in check

MUMBAI (Reuters) – The rupee gained on Tuesday, a day after data showed a lower-than-expected current account deficit, while the dollar fell broadly following the first U.S. government shutdown in 17 years.

Data late on Monday showed the current account deficit widened to $21.8 billion in the June quarter from $18.1 billion in the previous quarter, but still came in below economist estimates and is expected to ease further in the coming quarters on the back of falling gold imports and rising merchandise exports.

Oct 1, 2013

Indian rupee gains; current account deficit in check

MUMBAI, Oct 1 (Reuters) – The Indian rupee gained on
Tuesday, a day after data showed a lower-than-expected current
account deficit, while the dollar fell broadly following the
first U.S. government shutdown in 17 years.

Data late on Monday showed the current account deficit
widened to $21.8 billion in the June quarter from $18.1 billion
in the previous quarter, but still came in below economist
estimates and is expected to ease further in the coming quarters
on the back of falling gold imports and rising merchandise
exports.

Sep 30, 2013

Twin deficits widen, trade gap may soon ease

MUMBAI (Reuters) – The current account deficit grew less than expected in the June quarter and is tipped to ease in coming months as a pick-up in exports and lower gold imports improve the trade balance, offering relief to the battered rupee.

But the country’s fiscal gap widened sharply in the first five months of the financial year, putting pressure on the government to spend less in the run-up to national elections or risk missing its stated aim of cutting the budget deficit.

Sep 30, 2013

India’s twin deficits widen, trade gap may soon ease

MUMBAI, Sept 30 (Reuters) – India’s current account deficit
grew less than expected in the June quarter and is tipped to
ease in coming months as a pick-up in exports and lower gold
imports improve the trade balance, offering relief to the
battered rupee.

But the country’s fiscal gap widened sharply in the first
five months of the financial year, putting pressure on the
government to spend less in the run-up to national elections or
risk missing its stated aim of cutting the budget deficit.

Sep 30, 2013

Rupee falls, still sees best month in a year

MUMBAI (Reuters) – The rupee fell on Monday on caution ahead of the current account deficit data, but still posted its biggest monthly gain in a year helped by the Reserve Bank of India’s (RBI) measures to attract more capital and the U.S. Federal Reserve’s decision to continue with its bond purchases.

After trading hours, the government said the June-quarter current account deficit widened to $21.8 billion from $18.1 billion in the previous quarter.

Sep 30, 2013

Indian rupee falls, still sees best month in a year

MUMBAI, Sept 30 (Reuters) – The Indian rupee fell on Monday
on caution ahead of the current account deficit data, but still
posted its biggest monthly gain in a year helped by the central
bank’s measures to attract more capital and the U.S. Federal
Reserve’s decision to continue with its bond purchases.

After trading hours, the government said the June-quarter
current account deficit widened to $21.8 billion from $18.1
billion in the previous quarter.

Sep 27, 2013

Rupee snaps two days of gains; June-quarter current account data due

MUMBAI (Reuters) – The rupee fell on Friday, snapping two sessions of gains, as foreign banks bought dollars for their custodial clients, with the June-quarter current account deficit numbers due on Monday expected to provide direction to the currency.

The current account deficit, which hit a record high in the last fiscal year, is expected to be around $23 billion-$25 billion or 4.8-5.4 percent of gross domestic product (GDP) in April-June, from $18.1 billion, or 3.6 percent, in the March quarter, a Reuters poll showed.

Sep 27, 2013

Indian rupee snaps 2 days of gains; June-qtr current a/c data due

MUMBAI, Sept 27 (Reuters) – The Indian rupee fell on Friday,
snapping two sessions of gains, as foreign banks bought dollars
for their custodial clients, with the June-quarter current
account deficit numbers due on Monday expected to provide
direction to the currency.

India’s current account deficit, which hit a record high in
the last fiscal year, is expected to be around $23 billion-$25
billion or 4.8-5.4 percent of gross domestic product (GDP) in
April-June, from $18.1 billion, or 3.6 percent, in the March
quarter, a Reuters poll showed.