MUMBAI, Jan 7 (Reuters) – The Indian rupee fell to an over
one-month low on Monday, extending its losing streak to a third
session, dragged down by steady dollar demand from oil refiners
and a fall in local stocks.

The recent bout of weakness in the rupee comes after data
released last week showed the country’s current account deficit
widened to a record high in the September quarter and after
Federal Reserve minutes last week were seen as casting doubt
over future U.S. monetary stimulus.

MUMBAI, Jan 4 (Reuters) – Indian government bonds rose on
Friday, sending yields to their biggest weekly fall since early
July, on rising expectations of a rate cut in January, while the
reduced debt sales this month spurred hopes the government was
containing its fiscal deficit.

The rally this week came amidst heavy volumes, setting up
hopes that 2013 could be a good year for Indian debt as the
Reserve Bank of India is expected to cut interest rates while
the government may announce additional fiscal and economic
reforms.

MUMBAI, Jan 3 (Reuters) – Indian benchmark bond prices rose
for a ninth consecutive session on Thursday, as debt markets
continued to benefit from expectations of interest rate cuts and
hopes the government will limit its fiscal deficit at its target
level.

The Reserve Bank of India is widely expected to cut the repo
rate, or the country’s key lending rate, by at least 25 basis
points (bps) at its Jan. 29 policy review as the central bank
focuses on growth over inflation.

MUMBAI, Jan 2 (Reuters) – Indian benchmark 10-year bond
yield ended unchanged on Wednesday after a recent rally sparked
profit-taking, but bets on a January rate cut by the central
bank and hopes the government would stick to its borrowing
target keep the outlook positive.

Yields fell 12 basis points (bps) in the first two sessions
of the week, largely driven by the Reserve Bank of India
shifting an auction scheduled this week to February and an open
market operation to buy bonds on Friday.

MUMBAI, Jan 1 (Reuters) – Indian federal bonds rallied on
Tuesday, with the benchmark yield falling below the central
bank’s current repo rate for the first time since early April
2011, after a scheduled auction was cancelled and the Reserve
Bank of India said it will buy more bonds.

Bonds extended a rally which began on Monday on growing
hopes that the government’s increasing thriftiness will help
prevent any additional borrowing via bonds, and any excess
borrowing will be limited to shorter-dated treasury bills.

MUMBAI (Reuters) – India’s benchmark 10-year bond yield fell to an over 20-month low on Monday on quarter-end buying and as the government’s move to sell more treasury bills was seen as reducing the need to sell longer-dated paper.

The 10-year yield fell for the first time in four years in 2012 after retreating 51 basis points, helped largely by the central bank’s steep cuts in the cash reserve ratio and its bond purchases in open market operations.

MUMBAI (Reuters) – The rupee rose on Friday to post a 0.6 percent gain for the week, helped by a strong month of foreign inflows, although sentiment remained cautious ahead of domestic current account data and the continuing negotiations over the U.S. “fiscal cliff.”

Data due on Monday may show the country’s current account deficit soared to a record high in the September quarter on high non-oil imports after narrowing in the June quarter, which may further raise concerns at a time when economic growth has slowed.

MUMBAI (Reuters) – The rupee fell after two sessions of gains on Thursday, tracking lower stocks and as oil refiners bought dollars, with the local currency headed to end the year with losses.

Concerns about slowing growth continue to dog the rupee’s fortunes with policy makers raising doubts about whether the once red-hot economy can even muster an 8 percent average growth.

MUMBAI (Reuters) – The rupee rose to a near 1-week high on Wednesday, buoyed by hopes of continued strong capital inflows as shares posted a strong showing, outperforming most regional peers.

Capital inflows into Indian stocks have crossed $24 billion in 2012, with a large part of inflows driven after the government’s move to push ahead with its ambitious reforms programme since mid-September.

MUMBAI (Reuters) – The rupee fell to its lowest in over a week on Friday after heavy dollar buying by a large state-run bank wiped out all gains even as a below expected inflation reading raised hopes that the central bank could start cutting interest rates as early as January.

The dollar buying by the large-bank was likely related to government defence purchases, several dealers said.