Subhadip's Feed
Apr 26, 2013

Rupee ends lower on month-end dollar demand

MUMBAI (Reuters) – The rupee ended down on Friday, falling 0.8 percent for the week, dragged by month-end dollar demand from importers and weak equities.

Weakness in local stocks, which snapped a four-day winning streak, to end 0.62 percent lower hurt the currency, dealers said.

Apr 26, 2013

Indian rupee ends lower on month-end dollar demand; US GDP awaited

MUMBAI, April 26 (Reuters) – The Indian rupee ended down on
Friday, falling 0.8 percent for the week, dragged by month-end
dollar demand from importers and weak equities.

Weakness in local stocks, which snapped a four-day winning
streak, to end 0.62 percent lower hurt the currency, dealers
said.

Apr 25, 2013

Rupee gains on hopes of renewed foreign inflows

MUMBAI (Reuters) – The rupee rose on Thursday, snapping two sessions of losses, on hopes of renewed foreign fund inflows on the back of a buoyant stock market, which gained for a fourth straight session.

Foreign funds have poured in over $500 million in equities in the last four sessions, according to latest data from the capital market regulator.

Apr 25, 2013

Indian rupee gains on hopes of renewed foreign inflows

MUMBAI, April 25 (Reuters) – The Indian rupee rose on
Thursday, snapping two sessions of losses, on hopes of renewed
foreign fund inflows on the back of a buoyant stock market,
which gained for a fourth straight session.

Foreign funds have poured in over $500 million in equities
in the last four sessions, according to latest data from the
capital market regulator.

Apr 23, 2013

Rupee falls to one-week low; importer demand sustains

MUMBAI (Reuters) – The rupee fell to its lowest in a week on Tuesday, logging a second successive day of loss, as importers continued to buy dollars and a weak euro posed headwinds to the currency.

Dollar demand from importers, particularly oil and gold buyers, has been consistently strong in recent sessions with global commodity prices plummeting, dealers said.

Apr 23, 2013

Indian rupee falls to 1-week low; importer demand sustains

MUMBAI, April 23 (Reuters) – The Indian rupee fell to its
lowest in a week on Tuesday, logging a second successive day of
loss, as importers continued to buy dollars and a weak euro
posed headwinds to the currency.

Dollar demand from importers, particularly oil and gold
buyers, has been consistently strong in recent sessions with
global commodity prices plummeting, dealers said.

Apr 22, 2013

Rupee falls on heavy dollar demand from gold importers

MUMBAI (Reuters) – The rupee fell on Monday as gold and crude oil importers bought dollars to meet payment obligations, with dealers also citing outflows related to a gas utility.

Some dealers pegged the dollar outflows related to the gas utility at $150-$200 million.

Apr 22, 2013

Indian rupee falls on heavy dollar demand from gold importers

MUMBAI, April 22 (Reuters) – The Indian rupee fell on Monday
as gold and crude oil importers bought dollars to meet payment
obligations, with dealers also citing outflows related to a gas
utility.

Some dealers pegged the dollar outflows related to the gas
utility at $150-$200 million.

Apr 17, 2013

Sensex flat; IT stocks fall on U.S. visa cost worries

MUMBAI (Reuters) – The BSE Sensex came off two-week highs to end flat on Wednesday as Reliance Industries(RELI.NS: Quote, Profile, Research) fell after posting quarterly revenues that missed analyst estimates and after software services exporters fell on concerns about potentially higher U.S. visa costs.

A fall in European stocks as investors switched to stronger markets in the United States and Asia, where economic growth prospects are brighter due to massive central bank stimulus, also pulled down local shares.

Apr 16, 2013

Sensex gains most in seven months; rate-sensitives rally

MUMBAI (Reuters) – The BSE Sensex gained the most in nearly seven months on Tuesday, breaching a key technical resistance, as rate sensitive stocks like autos and banks rose on expectations the Reserve Bank of India (RBI) will cut rates next month on a continued slump in global commodity prices.

A slump in global gold and crude prices will provide elbow-room to the RBI to lower rates for the third time this year as it will help ease some concerns on India’s current account gap.