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View Full Version : Indian Rupee Weakens as Global Stock Slump Damps Risk Appetite - Bloomberg



NewsWhore
04-08-2009, 01:40 AM
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Indian Rupee Weakens as Global Stock Slump Damps Risk Appetite (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DavPUlMnzqWMA%26refer%3Dindia&cid=1328984386&ei=UDrcSappm_Qy68nwpQ0&usg=AFQjCNEYXvkxoaiX98bxilcolm6iIXL1xQ)
Bloomberg
The local currency retreated from the highest level since Feb. 25 on speculation funds sought safety in dollars after a four-week rally in world equities stalled. Offshore rupee forward contracts dropped by the most in a month as traders increased bets ...


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