Subhadip's Feed
Jan 24, 2014

Indian rupee falls to 2-month low; joins emerging market sell-off

MUMBAI, Jan 24 (Reuters) – The Indian rupee fell to a
two-month low on Friday, posting its worst week in five months,
as local shares slumped mirroring a global selloff, with the
central bank’s policy review next week to set the tone for the
currency.

The rupee’s fall was driven by steep losses in shares, as
investors fled markets in Asia and Latin America, fearing the
impact of a slower growth in China as highlighted by a weak
factory activity report on Thursday, and expectations that the
U.S. Federal Reserve will cut further its bond-buying stimulus
at a policy meeting next week.

Jan 23, 2014

Rupee falters; uncertainty lingers about interest rates

MUMBAI (Reuters) – The rupee weakened slightly to a two-week low on Thursday as importers stepped in to buy dollars ahead of the end of the month amid rising uncertainty before a key Reserve Bank of India (RBI) policy review next week.

The rupee has avoided the heavy losses suffered by some emerging Asian currencies such as the Philippine peso this year because of its efforts to narrow the current account deficit, and strong foreign investor inflows.

Jan 23, 2014

Indian rupee falters; uncertainty lingers about interest rates

MUMBAI, Jan 23 (Reuters) – The Indian rupee weakened
slightly to a two-week low on Thursday as importers stepped in
to buy dollars ahead of the end of the month amid rising
uncertainty before a key central bank policy review next week.

The rupee has avoided the heavy losses suffered by some
emerging Asian currencies such as the Philippine peso this year
because of its efforts to narrow the current account deficit,
and strong foreign investor inflows.

Jan 22, 2014

Rupee gains as Sensex hits record closing high

MUMBAI (Reuters) – The rupee rose slightly on Wednesday as a Reserve Bank of India (RBI) report recommending bringing down consumer inflation to a target of 4 percent is seen benefitting the currency, despite raising concerns about economic growth in the near term.

The RBI report recommended making consumer inflation a priority for monetary policy, with a target of 4 percent although within a plus or minus 2 percent band.

Jan 22, 2014

Indian rupee gains as shares hit record closing high

MUMBAI, Jan 22 (Reuters) – The Indian rupee rose slightly on
Wednesday as a central bank report recommending bringing down
consumer inflation to a target of 4 percent is seen benefitting
the currency, despite raising concerns about economic growth in
the near term.

The Reserve Bank of India report recommended making consumer
inflation a priority for monetary policy, with a target of 4
percent although within a plus or minus 2 percent band.

Jan 21, 2014

Rupee at near two-week low on likely defence-related dollar buy

MUMBAI (Reuters) – The rupee fell to a near two-week low on Tuesday, giving up early gains, on sustained dollar demand from a large state-run bank, which dealers speculated was likely to meet the government’s defence purchase needs.

The large bout of dollar requirement erased early gains in the currency, which had opened on a positive note as the non-deliverable forwards markets signalled gains for the rupee.

Jan 21, 2014

Indian rupee at near 2-week low on likely defence-related dollar buy

MUMBAI, Jan 21 (Reuters) – The Indian rupee fell to a near
two-week low on Tuesday, giving up early gains, on sustained
dollar demand from a large state-run bank, which dealers
speculated was likely to meet the government’s defence purchase
needs.

The large bout of dollar requirement erased early gains in
the currency, which had opened on a positive note as the
non-deliverable forwards markets signalled gains for the rupee.

Jan 20, 2014

Rupee edges lower; debt inflows provide support

MUMBAI (Reuters) – The rupee fell marginally on Monday, hurt by broad gains globally in the dollar, but strong foreign fund inflows into domestic bonds prevented broader losses.

Foreign institutional investors have been heavy investors in local debt, being net buyers for seven successive sessions to Friday, taking the total purchases for the month to $2.8 billion. The purchases came after they reduced their holdings by $8.3 billion in 2013.

Jan 20, 2014

Indian rupee edges lower; debt inflows provide support

MUMBAI, Jan 20 (Reuters) – The Indian rupee fell marginally
on Monday, hurt by broad gains globally in the dollar, but
strong foreign fund inflows into domestic bonds prevented
broader losses.

Foreign institutional investors have been heavy investors in
local debt, being net buyers for seven successive sessions to
Friday, taking the total purchases for the month to $2.8
billion. The purchases came after they reduced their holdings by
$8.3 billion in 2013.

Jan 17, 2014

Indian bonds snap 5-days of gains on debt switch jitters

MUMBAI, Jan 17 (Reuters) – Indian government bonds fell on
Friday, snapping a five-session winning streak, after a report
that a proposed debt switch may happen as early as next week
brought fears of additional supply.

The 500 billion rupee ($8.12 billion) debt switch would
involve the central bank selling longer debt to the market and
swapping shorter-tenor debt for the government to elongate the
country’s debt maturity profile.