The rupee weakened to its lowest level in 15 months on speculation that foreign funds would pare holdings of riskier emerging-market assets amid mounting concern over Europe&rsquo;s debt crisis.

Rupee falls to 15-month low

Business Standard

Sticky core inflation and possibility of QE3, may force RBI to slow down economy further.

Inflation touches 13-month high

Government bonds dropped further due to sustained selling pressure from banks and companies. The 7.80 per cent government security maturing in 2021 declined to Rs 96.46 from Rs 96.57 yesterday, while its yield inched up to 8.34 per cent from 8.33 per cent. The 8.13 per cent government security maturing in 2022 drifted lower to Rs 97.79 from Rs 97.91, while its yield moved up to 8.44 per cent from 8.42 per cent.

Bonds drop on selling pressure

The rupee strengthened for the first time in nine days on speculation that European leaders would contain the region&rsquo;s debt crisis and spur demand for emerging- market assets.

Rupee gains on Europe optimism

The risk aversion that has gripped the world after the US downgrade is turning into a nightmare for India. Over the last six weeks, the rupee has moved from 44.1 to 47.56 against the dollar. At the start of this year, forex dealers were optimistic about the local currency as the outlook for inflows seemed positive, with foreign direct investment turning around.

Rupee weakness likely to continue

Repo rate raised by 25 basis points; India Inc sulks as loans will cost more.

Hopes of pause dim as RBI maintains hawkish tone

The government on Friday exuded confidence that the Reserve Bank of India&rsquo;s move to raise policy rates by 25 basis points would soon help bring down inflation to a &ldquo;more comfortable situation&rdquo;, but acknowledged that the monetary tightening had hurt economic growth.

RBI step will help tame inflation, says FM

The Reserve Bank of India's 12th rate hike on Friday has evoked sharp reactions from Corporate India. Companies from auto to real estate, infrastructure and fast moving consumer goods have expressed their angst at the central bank's 25 basis point hike. Most have described the move as being detrimental to the growth of the economy.

Enough is enough, says India Inc

RBI raises concerns about India&rsquo;s worsening economic indicators and their impact on growth.

Rate cycle may not reverse in 2011

Bankers say high interest rates may lower credit growth this financial year.

Lending rates to rise, albeit with a lag

After losing around 7.2 per cent against the dollar, compared to the three-year high levels in August, the falling rupee may play spoilsport to the central bank&rsquo;s efforts to control inflation. The Reserve Bank of India (RBI), in its mid-quarter review of monetary policy 2011-12, on Friday said the depreciating rupee may have adverse implications for inflation.

Falling rupee may contribute to inflation woes

Market participants have not ruled out a further rate rise by the Reserve Bank of India (RBI), with the movement in coming sessions tracking factors abroad.

Market participants: More rise in rates possible, range-bound movement likely

The Reserve Bank of India (RBI) on Friday raised policy rate by 25 basis points, in line with its anti-inflationary stance. The central bank also said a change in stance would depend on the downward trajectory of inflation in the future. As a result, market participants sense a possibility of further rate rises, in contrast to earlier expectations of a pause from October.

Bond yields inch up on RBI's hawkish tone

Despite acknowledging that global economic conditions have worsened appreciably in recent weeks, the Reserve Bank of India (RBI) raised the repo rate by 25 basis points again, raising it to 8.25 per cent, in line with our expectations. The RBI justified its stance, saying the underlying inflation pressure was still above its comfort level. It said compared to growth risks, this posed a bigger threat to the economy.

'RBI could look to cut rates from June 2012'

We had expected the Reserve Bank of India (RBI) to raise policy rates by 25 basis points today, as it did. First, while inflation is peaking, it would persist at nine-10 per cent levels till October. Second, although high rates continue to bite, growth in the quarter ended June stood at a decent 7.7 per cent.

'We expect RBI to pause after another 25-bps hike'

The rupee tumbled by 54 paise on Monday, as traders and banks stacked dollars, amid growing concerns on default in the euro zone. A weak performance by domestic equity markets also weighed on the Indian currency.

Rupee falls tracking euro, equity markets

The rupee today closed below the 48-level for the first time in two years on strong demand for the US currency whose safe haven status attracted investors in the backdrop of lingering debt crisis in the eurozone.

Rupee loses 24 paise to fresh 2-year low

Press Trust of India

The rupee weakened a second day, as a sovereign credit-rating downgrade for Italy added to signs of Europe&rsquo;s debt crisis worsening.

Rupee declines to 2-year low

Analysts say fears over portfolio quality are already reflected in valuations; and macro improvements, coupled with the expected rights offer, will trigger performance.

SBI: Concerns priced in

The rupee fell to the lowest level in more than two years on speculation that foreign funds would slow purchases of emerging-market assets after the International Monetary Fund (IMF) cut its forecast for global economic growth.

Rupee dips on IMF forecast 

Tracking the meltdown in global stock markets, the rupee today plunged by 124 paise to close at nearly two-and-a-half years low of 49.57/58 against the US dollar, posing worries to policy makers on inflation front as a weak domestic currency will make imports costlier.

Rupee plummets by 124 paise

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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