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View Full Version : India’s Rupee Declines on Rate Cut, Importer Dollar Purchases - Bloomberg



NewsWhore
03-05-2009, 08:00 AM
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India’s Rupee Declines on Rate Cut, Importer Dollar Purchases (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaHlpnITAjH.g%26refer%3Dindia&cid=1310444919&ei=j82vSeDGJdKPmAff8YCIDQ&usg=AFQjCNHYVNSVn9aX2aDY3sXRjBH9ZkHi2Q)
Bloomberg
The currency approached a record low on concern sliding borrowing costs will diminish the appeal of Indian assets. The rupee also weakened after the benchmark stock index slumped, fueling concern overseas investors will increase sales of Indian ...


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