Andhra Bank (ANDB/S:IN)

Indian Rupee Erases Gains on Speculation Importers Bought Dollar

India’s rupee was little changed, after erasing earlier gains, on speculation importers stepped up dollar purchases to pay month-end bills.

India’s Rupee Advances on Optimism Fed Policy Will Spur Inflows

India’s rupee advanced for a second day on speculation U.S. policy makers’ efforts to spur the world’s largest economy will help boost global growth.

Rupee Drops Most in Three Weeks on Growth Concerns: Mumbai Mover

India’s rupee weakened the most in more than three weeks on concern Europe’s debt crisis will hurt economic growth in emerging markets.

Asia Currencies Fall on Global Growth Concern, Europe Debt Risk

Asian currencies dropped, led by India’s rupee and Thailand’s baht, on concern a slowing Chinese economy and Europe’s debt crisis will curb the region’s exports. 　　The Bloomberg-JPMorgan Asia Dollar Index touched its lowest level in more than a week after a survey of companies indicated China’s manufacturing shrank for a sixth month in April. Reports this week may show South Korea’s economy expanded 3 percent in the first quarter, slowing from 3.3 percent growth, and Thailand’s exports rose 0.1 percent in March from a year earlier, down from 0.9 percent, according to median estimates of economists in Bloomberg surveys. 　　“Currencies will stay bearish, especially with the recent data highlighting concerns,” said Vikas Babu, a currency trader at state-run Andhra Bank in Mumbai. “Europe continues to be the source of pain for Asian and other emerging markets.” 　　The rupee slumped 0.8 percent to 52.50 per dollar as of 1:48 p.m. in Mum

Won Leads Gains in Asian Currencies on IMF Outlook; Rupee Falls

South Korea’s won led gains in Asian currencies after the International Monetary Fund raised its estimate for global economic growth and a successful bond auction in Spain tempered concern about Europe’s debt crisis.

Andhra Bank’s Babu Says Rupee May Strengthen Past 50 Per Dollar

Vikas Babu, a currency trader at state-run Andhra Bank in Mumbai, comments on the outlook for India’s rupee in a telephone interview.

Rupee Gains Most in a Week as Higher Tariff May Slow Gold Import

India’s rupee rose the most in a week on speculation gold imports will slow after the government increased tariffs on the metal, helping rein in the nation’s current-account deficit.

Rupee Gains as Slower Manufacturing Inflation May Spur Inflows

India’s rupee strengthened for a second day on speculation international investors will buy the nation’s assets after the government reported the slowest manufacturing inflation in a year.

Andhra Bank’s Babu Says Rupee to Rise 2.5 Percent in 3 Months

Vikas Babu, a foreign-exchange trader at state-owned Andhra Bank in Mumbai, comments on the outlook for India’s rupee. Three-month non-deliverable forwards for the currency declined 0.4 percent to 46.59 per dollar as of 10:15 a.m. in Mumbai, according to data compiled by Bloomberg. The spot rate was 46.15.

Andhra Bank’s Babu Says Bearish on Rupee on Higher Crude Prices

Vikas Babu , a currency trader in Mumbai at state-owned Andhra Bank, comments on the outlook for India’s rupee.

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