30 Apr 2017 | 4:12 AM
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Currency Research Report: Daily Currency Report

Rupee extended its weakness and hit a fresh 2-month low against the dollar as India's economic affairs secretary Arvind Mayaram said that 30 to 40 percent of the state-run oil companies' dollar demand has returned to markets. The rupee is expected to stabilize in 1-2 days as state-run oil dollar demand gets absorbed by markets.
08 Nov 2013 | 09:00 AM

  • Rupee extended its weakness and hit a fresh 2-month low against the dollar as India's economic affairs secretary Arvind Mayaram said that 30 to 40 percent of the state-run oil companies' dollar demand has returned to markets. The rupee is expected to stabilize in 1-2 days as state-run oil dollar demand gets absorbed by markets.
  • S&P has affirmed India's rating but maintained its negative outlook and said that it may cut India's sovereign rating to below investment grade should the next government fail to provide a credible plan to reverse the country's low economic growth.