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Currency Research Report: Daily Currency Report

Indian rupee extended its slide against the greenback for second straight session and posted losses of more than half a percent on renewed concerns of stimulus tapering from the US Fed.
24 Sep 2013 | 09:15 AM

  • Indian rupee extended its slide against the greenback for second straight session and posted losses of more than half a percent on renewed concerns of stimulus tapering from the US Fed.
  • St. Louis fed president James Bullard said the central bank could taper its 85 billion dollars a month bond-buying program during its October meeting.
  • Domestic equity markets witnessed a sharp selloff of more than 2 percent as the Nifty posted 122.3 points drop from its previous close before ending the day at 5889.8 levels.