Subhadip's Feed
Mar 14, 2014

Indian rupee recovers from 1-week low; corps sell dollars

MUMBAI, March 14 (Reuters) – The Indian rupee recovered from
one-week lows to end largely unchanged on Friday, as signs of
continued strong foreign buying in the share and debt markets
helped offset global concerns about military tensions in Ukraine
and about China’s economy.

Despite the gains, the rupee was showing signs of waning
momentum after a powerful rally that sent the currency to its
strongest against the dollar since early August on Tuesday.

Mar 7, 2014

Rupee gains to three-month high; shares at record

MUMBAI (Reuters) – The rupee rose to a near three-month high against the dollar on Friday, posting its best week since early December, as heavy foreign buying sent shares to record highs although the currency ended the session with only a slight gain.

Nifty and Sensex both hit record highs, after foreign investors on Thursday posted their biggest daily purchases since December 19, amounting to a net 13 billion rupees, and marking a 15th consecutive buying session.

Mar 7, 2014

Indian rupee gains to 3-month high; shares at record

MUMBAI, March 7 (Reuters) – The Indian rupee rose to a near
three-month high against the dollar on Friday, posting its best
week since early December, as heavy foreign buying sent shares
to record highs although the currency ended the session with
only a slight gain.

India’s broader NSE share index and the benchmark
BSE index both hit record highs, after foreign
investors on Thursday posted their biggest daily purchases since
Dec. 19, amounting to a net 13 billion rupees ($212 million),
and marking a 15th consecutive buying session.

Mar 5, 2014

Rupee hits six-week high; elections next major trigger

MUMBAI (Reuters) – The rupee rose to its highest in six weeks on Wednesday, as the BSE share index approached a record closing high on strong foreign flows, while sentiment was helped as emerging market currencies benefited from tentative hopes of easing tensions in Ukraine.

The Sensex closed just around 0.5 percent away from a record closing high hit on January 13 as foreign investors have bought a net $800 million over the previous 13 sessions to Tuesday.

Mar 5, 2014

Indian rupee hits 6-week high; elections next major trigger

MUMBAI, March 5 (Reuters) – The Indian rupee rose to its
highest in six weeks on Wednesday, as the BSE share index
approached a record closing high on strong foreign flows, while
sentiment was helped as emerging market currencies benefited
from tentative hopes of easing tensions in Ukraine.

The benchmark BSE index closed just around 0.5
percent away from a record closing high hit on Jan. 13 as
foreign investors have bought a net $800 million over the
previous 13 sessions to Tuesday.

Mar 4, 2014

Rupee gains; risk assets recover as Ukraine impasse eases

MUMBAI (Reuters) – The rupee recovered on Tuesday from its biggest daily fall in two weeks in the previous session, mirroring a recovery in Asian currencies after risk sentiment improved on signs of easing tensions over Ukraine.

The gains in emerging market currencies came after Russia’s president ordered troops in military drills in central and western Russia to return to base, increasing hopes of a peaceful solution in Ukraine.

Mar 4, 2014

Indian rupee gains; risk assets recover as Ukraine impasse eases

MUMBAI, March 4 (Reuters) – The Indian rupee recovered on
Tuesday from its biggest daily fall in two weeks in the previous
session, mirroring a recovery in Asian currencies after risk
sentiment improved on signs of easing tensions over Ukraine.

The gains in emerging market currencies came after Russia’s
president ordered troops in military drills in central and
western Russia to return to base, increasing hopes of a peaceful
solution in Ukraine.

Mar 4, 2014

India’s money market rates surge ahead of end of fiscal year

MUMBAI, March 4 (Reuters) – India’s short-term interest
rates are surging, as the stress in interbank lending markets
typically seen at the end of the fiscal year in March is being
exacerbated by a holiday on the last day of the month.

The one-month overnight indexed swap hovered
near a more than five-month high of 9.47 percent on Tuesday, up
from 8.49 percent on Feb. 26. The three-month certificate of
deposit was trading at 10.25 percent, up from
9.10 percent in January.

Mar 3, 2014

Rupee falls as growth drags, risk bets off on Ukraine

MUMBAI (Reuters) – The rupee fell the most in nearly two weeks on Monday after data showed India’s economy grew slower than expected and as military tensions in Ukraine hit emerging market assets, sending domestic shares lower.

Any resurgence in global risk aversion threatens to reverse strong dollar inflows into local stocks and debt, which totalled over $2 billion in February, and helped push the rupee to its highest in more than a month on Friday.

Mar 3, 2014

Indian rupee falls as GDP growth drags, risk bets off on Ukraine

MUMBAI, March 3 (Reuters) – The Indian rupee fell the most
in nearly two weeks on Monday after data showed India’s economy
grew slower than expected and as military tensions in Ukraine
hit emerging market assets, sending domestic shares lower.

Any resurgence in global risk aversion threatens to
reverse strong dollar inflows into local stocks and debt, which
totalled over $2 billion in February, and helped push the rupee
to its highest in more than a month on Friday.