India’s rupee snapped a two-day decline as government data showing the best export performance in seven months spurred optimism the $1.8 trillion economy is on the rebound.
India’s rupee ended three days of gains on speculation the central bank is intervening to prevent a stronger currency from hurting a revival in the economy.
India’s sovereign bonds due 2023 capped a weekly gain, pushing the yield to an eight-month low, after the central bank said it could ease monetary policy.
Indian 10-year government bonds rose, pushing the yield to a four-month low, after the central bank signaled it would ease monetary policy if consumer-price gains slow more than anticipated.
India’s rupee fell for a fourth day, the longest declining streak since November, amid trader talk that state-owned lenders bought dollars on behalf of the Reserve Bank of India.
India’s rupee rose, snapping three days of losses, as foreign inflows quickened on optimism the clearest election outcome in 30 years will allow policy makers to step up efforts to spur economic growth.
India’s rupee fell the most in a month on speculation the central bank intervened to curb gains that threaten exports, while importers stepped up dollar purchases to pay month-end bills.
India’s rupee snapped two days of losses as data showing improvement in Chinese manufacturing eased concern demand for Asian assets will slow.
Indian bonds due 2023 advanced the most in two weeks on speculation increasing cash in the banking system is spurring demand for debt.
India’s rupee rose by the most in two weeks on speculation the main opposition party will win national elections and unveil policies to spur economic growth.
"Inflows are still continuing and that is helping the rupee."
- Paresh Nayar on Jun 11, 2014