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View Full Version : India's Rupee Weakens on Speculation Importers Will Buy Dollars - Bloomberg



NewsWhore
04-27-2009, 12:50 AM
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India&#39;s Rupee Weakens on Speculation Importers Will Buy Dollars (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaRKgGEeFIQIk%26refer%3Dindia&cid=0&ei=YDv1SaOqJdywmAeArZnfAQ&usg=AFQjCNF0w7OEtghKRROHSsJjpzxJUIIzNw)
Bloomberg
The local currency also declined as offshore forward contracts showed investors increased bets for further weakness versus the dollar. The rupee gained in each of the last seven weeks as signs a global recession is easing bolstered demand for ...


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