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 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 rose to an eight- month high and sovereign bonds gained on speculation the world’s largest democracy will elect a government capable of reviving economic growth.
India’s rupee snapped two days of losses as data showing improvement in Chinese manufacturing eased concern demand for Asian assets will slow.
India’s rupee fell for a second day against the dollar, which was buoyed by signs of a compromise among U.S. lawmakers that could avert an unprecedented default in the world’s biggest economy.
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 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 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.
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.
"There's risk aversion being seen on account of the escalating geopolitical tensions."
- Paresh Nayar on Aug 07, 2014