A gauge of expected fluctuations in India’s rupee surged the most since August amid speculation the currency will pare this year’s gains should election results due in a month go against predictions.
India’s rupee forwards rose for a second day as speculation an increase in U.S. borrowing costs may be pushed back boosted India’s yield advantage over developed-nation debt.
India’s rupee retreated from an eight-month high as a technical indicator suggested its recent rally had been excessive and on speculation the central bank will slow gains that may hurt exports.
India’s rupee fell from an eight- month high amid concern renewed political tensions in Ukraine will damp demand for riskier assets and as some investors judged the currency’s recent gains excessive.
Most Indian stocks climbed after Goldman Sachs Group Inc. said the country’s elections may fuel further gains in stocks. Rupee offshore forwards rose after data showed inflation eased.
India’s rupee rose to a one-week high on speculation easing inflation will spur overseas purchases of the nation’s assets even as the U.S. keeps cutting its record monetary stimulus.
India’s rupee extended its retreat from a seven-month high as a technical indicator suggested its recent rally had been excessive.
India’s rupee snapped a two-day gain, retreating from a four-week high touched yesterday, on speculation importers bought dollars to meet payments.
Volatility in India’s rupee rose to a one-week high on speculation dollar demand will exceed supply as importers step up purchases of the greenback to meet payments ahead of the month-end.
India’s rupee rose the most in more than a week on speculation a mobile-phone spectrum auction will draw overseas capital. Government bonds were little changed.