Subhadip's Feed
Feb 21, 2014

Rupee gains on foreign fund inflows

MUMBAI (Reuters) – The rupee rose on Friday as foreign funds continued to sell dollars to invest in domestic shares, aided by a risk-on sentiment as a survey showing brisk U.S. manufacturing activity helped lift Asian stocks.

Foreign funds have been net buyers of $330 million over the past seven sessions to Thursday as emerging market assets have remained stable despite some recent weak data out of the United States, which has largely been discounted as due to severe cold weather.

Feb 21, 2014

Indian rupee gains on foreign fund inflows

MUMBAI, Feb 21 (Reuters) – The Indian rupee rose on Friday
as foreign funds continued to sell dollars to invest in domestic
shares, aided by a risk-on sentiment as a survey showing brisk
U.S. manufacturing activity helped lift Asian stocks.

Foreign funds have been net buyers of $330 million over the
past seven sessions to Thursday as emerging market assets have
remained stable despite some recent weak data out of the United
States, which has largely been discounted as due to severe cold
weather.

Feb 18, 2014

Rupee falls most in three weeks; bunched dollar demand

MUMBAI (Reuters) – The rupee fell the most in three weeks on Tuesday on bunched-up dollar demand from importers, with weakness in emerging Asian currencies adding to losses.

Dealers cited thin dollar supply due to the Presidents Day holiday in the United States on Monday. Consistent dollar demand from a large state-run bank, likely to meet the needs of its oil refining clients, also pulled down the rupee, they said.

Feb 18, 2014

Indian rupee falls most in 3 weeks; bunched dollar demand

MUMBAI, Feb 18 (Reuters) – The Indian rupee fell the most in
three weeks on Tuesday on bunched-up dollar demand from
importers, with weakness in emerging Asian currencies adding to
losses.

Dealers cited thin dollar supply due to the Presidents Day
holiday in the United States on Monday. Consistent dollar demand
from a large state-run bank, likely to meet the needs of its oil
refining clients, also pulled down the rupee, they said.

Feb 17, 2014

Rupee at near one-month high as interim budget sticks to script

MUMBAI (Reuters) – The rupee rose to a near one-month high on Monday, helped by some late dollar selling by foreign banks, even as the finance minister presented a largely in-line budget, sticking to his fiscal deficit target while doling out sops to some sectors.

P. Chidambaram announced a package of indirect tax cuts to breathe life into spending and investment, and trumpeted its record of growth and reform over the past decade in its last budget before an election it looks set to lose.

Feb 17, 2014

Indian rupee at near 1-mth high; interim budget sticks to script

MUMBAI, Feb 17 (Reuters) – The Indian rupee rose to a near
one-month high on Monday, helped by some late dollar selling by
foreign banks, even as the finance minister presented a largely
in-line budget, sticking to his fiscal deficit target while
doling out sops to some sectors.

Palaniappan Chidambaram announced a package of indirect tax
cuts to breathe life into spending and investment, and trumpeted
its record of growth and reform over the past decade in its last
budget before an election it looks set to lose.

Feb 7, 2014

Rupee at one-week high ahead of U.S. jobs report

MUMBAI (Reuters) – The rupee rose to a one-week high on Friday to post its first weekly gain in three, helped by favourable flows and rising confidence over the country’s defence against any emerging market outflows.

That confidence will be tested later on Friday when the United States is due to post monthly employment data, a key indicator in setting expectations about whether the Federal Reserve will continue its pace of steady cuts in its bond purchases.

Feb 7, 2014

Indian rupee at 1-week high ahead of US jobs report

MUMBAI, Feb 7 (Reuters) – The Indian rupee rose to a
one-week high on Friday to post its first weekly gain in three,
helped by favourable flows and rising confidence over the
country’s defence against any emerging market outflows.

That confidence will be tested later on Friday when the
United States is due to post monthly employment data, a key
indicator in setting expectations about whether the Federal
Reserve will continue its pace of steady cuts in its bond
purchases.

Feb 6, 2014

Rupee gains most in a week as govt seen likely to meet deficit target

MUMBAI (Reuters) – The rupee gained the most in over a week on Thursday as the government’s move to scrap a bond auction led to hopes that the fiscal deficit will be contained, but caution prevailed ahead of U.S. jobs data.

India scrapped a deferred 150-billion-rupee bond sale, citing the government’s comfortable cash position, leading to hopes that Finance Minister P. Chidambaram will be able to contain the fiscal deficit within his 4.8 percent target.

Feb 6, 2014

Indian rupee gains most in a week as govt seen likely to meet deficit target

MUMBAI, Feb 6 (Reuters) – The Indian rupee gained the most
in over a week on Thursday as the government’s move to scrap a
bond auction led to hopes that the fiscal deficit will be
contained, but caution prevailed ahead of U.S. jobs data.

India scrapped a deferred 150-billion-rupee bond sale, citing
the government’s comfortable cash position, leading to hopes
that Finance Minister P. Chidambaram will be able to contain the
fiscal deficit within his 4.8 percent target.