Rupee Hits 20-Month Low Of 64.28/dollar

[Kcr_Chamcha]

1) At its day low, the rupee hit 64.28 against the dollar, a 20-month low. It is now on track for a fifth straight day of fall.

2) The weakness in the rupee is being linked to redemptions by foreign investors, who have sold shares worth $2 billion or around Rs 13,500 crore in the last 14 sessions. ((Read:Sensex, Rupee on the MAT Amid Sustained Capital Outflows)

3) FIIs have been selling Indian equites and bonds because of worries about Minimum Alternate Tax demands on capital gains made during previous years, analysts say. "I think the real reason is MAT, which has created a sort of fear in the minds of FIIs," currency expert AV Rajwade told NDTV. (Watch)

4) The rupee is not the only currency to lose ground. Most emerging Asian currencies fell on Thursday as a global bond rout lifted government bond yields across the region.

5) Traders told Reuters that an uptick in non-deliverable forwards traded in Singapore was hitting sentiment for the local rupee. The one-month NDF was at 64.35/35 versus Wednesday's close of 64.02.

[Kcr_Chamcha]

:police:

[solman]

modi vaste 40 annaru gaa 

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:)

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And :(

[gundubabu]

Modification

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Modification

 

 

The rupee is not the only currency to lose ground. Most emerging Asian currencies fell on Thursday as a global bond rout lifted government bond yields across the region.

[puli_keka]

modi vaste 40 annaru gaa 

may 16 2014 roju chala money pamap india ki ekkada 40 avudho ani #modi  

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