Rupee breaches 63-mark vs dollar, ends 47p down at 62.97 on weak stocks

Rupee breaches 63-mark vs dollar, ends 47p down at 62.97 on weak stocks

"The Reserve Bank of India apparently bought dollars in the spot market and may have picked up close to USD 800 million through intervention in the spot foreign exchange market today…weekly RBI reserves data will be released today evening," said …

Read more on Economic Times

Indian stocks, rupee fall

… dollar, declining 7 paise to end at 62.33 on month-end dollar demand from banks and importers. The rupee's longest run of gains since June 2011 ended amid renewed dollar demand in view of a higher dollar in the international market, a forex dealer …

Read more on Times of Oman

India Budget 2015: Shares trade choppy, Arun Jaitley's proposals seen as rupee …

Traders said the Reserve Bank of India has been aggressively buying dollars in the forex market over the past few days as the rupee strengthened, which they said may be for preparing for a US rate hike which is likely to lead to large-scale capital …

Read more on International Business Times UK

South Africa holds rate, but inflation outlook deteriorates

South Africa's central bank maintained its benchmark repurchase rate at 5.75 percent, as expected, but said a deteriorating outlook for inflation meant the current scope for pausing before returning to the path of tightening monetary policy had narrowed.

Read more on CountingPips (blog)

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