Rupee Declines against Dollar

January 10th, 2011
in News, Banking

The Times of India:  The continuous slide in the stock market, led mainly by selling by foreign funds, is leading to weakness of the Indian rupee against the US dollar. On Monday, the Indian currency fell to a three-week low of 45.52, but settled at 45.45. On Friday it had closed at 45.38.

Follow up:

Over the last two days, foreign investors have taken out over Rs 2,100 crore from the stock market, mainly on fears that the inflation rate prevailing in the country could lead to further rise in interest rates, stall corporate growth and finally leading to lower valuation of most stocks, institutional dealers said. The weakness of the rupee was also aggravated by buying of dollars by oil companies, market players said.  Read more at The Times of India.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved