The rupee weakened the most in more than two weeks, as importers bought dollars to settle payments before a European summit this week, aimed at preventing the region&rsquo;s debt crisis from spreading.

Rupee drops ahead of Europe summit

Business Standard

Extending losses for the third day in a row, the rupee today eased further by four paise to settle at 51.75/76 against the US currency following weakness in local stocks and sustained dollar demand from importers.

Rupee extends loss for 3rd day

Press Trust of India

The rupee touched a one-week low on speculation importers were buying dollars before European leaders gather to work out a plan aimed at preventing their debt crisis from spreading.

Rupee drops to one-week low

Yields on government bonds may ease on expectations that the central bank wouldl take a dovish stance in its coming policy review but a higher rate of inflation may limit the fall. The Reserve Bank of India (RBI) will announce its mid-quarterly monetary policy review on the coming Friday.

Bond yields seen choppy ahead of policy review

The Indian rupee today hit its lifetime low of 52.84/85 against the dollar as demand for the US currency soared amid signs of FIIs pulling out money in the wake negative growth in industrial production in October.

Rupee hits all-time low of 52.84/85 Vs dollar

Government bond prices firmed up on good buying support from banks and companies.

Bonds up on good buying support

The rupee today breached the 53-level for the first time in its history against the dollar on sustained capital outlfows amid compounding woes of Indian economy.

Rupee's free fall continues, hits 53-mark

The rupee may depreciate against the US dollar further up to Rs 55 level by March next year if the weak run of the global economy continues, industry chamber Assocham said today.

Rupee may slide to 55 by March: Assocham

Government bond prices firmed up further on sustained demand from banks and companies. The 8.79 per cent government security maturing in 2021 rose further to Rs 102.55 from Rs 102.26 yesterday, while its yield declined to 8.40 per cent from 8.45 per cent. The 9.15 per cent government security maturing in 2024 hardened to Rs 104.55 from Rs 104.28, while its yield moved down to 8.56 per cent from 8.59 per cent. The 7.80 per cent government security maturing in 2021 shot up to Rs 95.83 from Rs 95.65, while its yield fell to 8.45 per cent from 8.48 per cent.

Bonds firm up on sustained demand

The rupee today touched a fresh all-time low of 53.71/72 against the dollar, amid continuing capital outflows and further appreciation of the US currency against its major rivals, particularly euro.

Rupee hits new low at 53.71 Vs dollar

Government bond prices reacted downwards on fresh selling pressure from banks and companies.

Bonds drop on fresh selling pressure

Government securities settled mixed on alternate bouts of buying and selling. The 9.15 per cent government security maturing in 2024 inched up to Rs 103.95 from Rs 103.94 yesterday, while its yield softened to 8.63 per cent from 8.64 per cent.

Bond yields hold steady

A day after the Reserve Bank of India's (RBI) swift move to stem the fall of rupee, the domestic currency notched up a smart gain of 94 paise settle the day at 52.70/71 against the dollar on fresh selling of the US currency.

Rupee up by 94 paise to 52.70 Vs dollar

Companies unhappy, say RBI should have reduced rates for the sake of growth.

Diminishing pricing power of India Inc prompts a pause

The rupee on Friday gained 94 paise against the dollar, its sharpest rise in 19 months, and ended below 53 to the greenback after the Reserve Bank of India (RBI) announced steps yesterday to curb speculation and reduce volatility in the foreign exchange market.

Rupee grabs RBI lifeline, gains most in 19 months

Yields on government bonds fell on Friday, after the Reserve Bank of India (RBI) kept policy rates unchanged and hinted at a reversal in the rate rise cycle.

Bond yields fall as reversal in rate rise cycle looms

To improve inflow of foreign currency, the Reserve Bank of India (RBI) on Friday deregulated the interest rates that banks would pay on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) accounts.

Rates on non-resident deposits freed

Growth risks in focus, status quo upsets India Inc.

RBI pauses, but signals rate cut

Offtake to pick up only after central bank starts cutting rates, they say.

No immediate respite, credit growth to be slow: Bankers

Finance minister Pranab Mukherjee on Friday said the Reserve Bank of India (RBI)'s move to keep key rates unchanged showed the central bank's concerns on slowing economic growth.

RBI stance reflects growth concern, says Pranab

The decision to keep the policy rate on hold was not surprising, given RBI practically revealed its hand in the last monetary policy statement.

RBI will stay on pause mode

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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