MUMBAI (Reuters) – The rupee fell on Friday, snapping three successive weeks of gains, as risk aversion pummeled global risk assets such as the euro, though buying of the local unit ahead of an auction of debt limits to foreign investors kept losses in check.

The rupee accelerated losses in the afternoon session as the euro slumped, victim of a steady stream of negative news from the euro zone, including that Spain’s Valencia region would seek central government help to repay debt.

MUMBAI, July 20 (Reuters) – The Indian rupee fell on Friday,
snapping three successive weeks of gains, as risk aversion
pummeled global risk assets such as the euro, though buying of
the local unit ahead of an auction of debt limits to foreign
investors kept losses in check.

The rupee accelerated losses in the afternoon session as the
euro slumped, victim of a steady stream of negative news
from the euro zone, including that Spain’s Valencia region would
seek central government help to repay debt.

MUMBAI, July 19 (Reuters) – Indian federal bond yields rose
slightly on Thursday ahead of a debt auction at the end of the
week, though hopes for policy reforms after presidential
elections and improving liquidity are keeping debt prices
supported.

Bond investors are hoping the government will announce
substantial policy reforms after elections for the ceremonial
role of president concluded on Thursday.

MUMBAI, July 18 (Reuters) – Indian federal bond yields fell
on Wednesday as global oil prices eased and risk-off sentiment
dominated, but a spike in retail food prices dimmed hopes of a
near-term rate cut.

Risk aversion set in with the euro weakening after German
Chancellor Angela Merkel was quoted in a media report casting
doubts about the future of the European project.

MUMBAI, July 17 (Reuters) – Indian federal bond yields and
swap rates rose on Tuesday after the central bank chief said
inflation remains “way above” comfort levels, dashing hopes of a
rate cut at the July 31 policy review.

The comments from Reserve Bank of India Governor Duvvuri
Subbarao are a continuation of his hawkish rhetoric since the
central bank surprised markets by leaving rates on hold last
month.

MUMBAI (Reuters) – The rupee rallied on Friday to notch its third consecutive weekly gain after a narrowing trade deficit helped ease concerns about the country’s fiscal outlook, while signs of foreign flows also helped.

Imports fell sharply in June, partly because of lower global oil prices, narrowing the trade deficit in June and providing a silver lining for a country facing concerns about its record high current account deficit.

MUMBAI, July 13 (Reuters) – The Indian rupee rallied on
Friday to notch its third consecutive weekly gain after a
narrowing trade deficit helped ease concerns about the country’s
fiscal outlook, while signs of foreign flows also helped.

Imports fell sharply in June, partly because of lower global
oil prices, narrowing the trade deficit in June and providing a
silver lining for a country facing concerns about its record
high current account deficit.

MUMBAI (Reuters) – The rupee fell for a second consecutive session on Thursday as local stocks were pummelled, while risk currencies such as the euro were hit by intensifying worries about the global economy.

The rupee fell even after data showed May industrial output rose 2.4 percent in May, much higher than the 1.8 percent growth expected by a Reuters survey of analysts. The good news was offset after the April numbers were revised downwards.

MUMBAI, July 12 (Reuters) – The Indian rupee fell for a
second consecutive session on Thursday as local stocks were
pummelled, while risk currencies such as the euro were hit by
intensifying worries about the global economy.

The rupee fell even after data showed May industrial output
rose 2.4 percent in May, much higher than the 1.8 percent growth
expected by a Reuters survey of analysts. The good news was
offset after the April numbers were revised downwards.

MUMBAI (Reuters) – The rupee fell on Wednesday, tracking weaker global risk assets such as the euro, though large dollar sales by custodian banks helped support the domestic currency.

Global risk sentiment continued to be dragged by euro zone concerns as a judgement from a German court on the euro zone’s bailout funds is seen as unlikely to come quickly, potentially prolonging the uncertainty about the crisis.