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View Full Version : India's Rupee Declines After Global Funds Trim Stock Holdings - Bloomberg



NewsWhore
05-05-2011, 02:10 AM
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India&#39;s Rupee Declines After Global Funds Trim Stock Holdings (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGc2308zhxcl_B85cZhEzDfrDojnw&url=http://www.bloomberg.com/news/2011-05-05/india-s-rupee-declines-after-global-funds-trim-stock-holdings.html)
Bloomberg
The currency has lost 0.8 percent this week as the Reserve Bank of India lifted its repurchase rate by 50 basis points, or 0.5 percentage point, to 7.25 percent on May 3 to cool inflation. Global funds cut holdings of Indian equities by $282 million ...

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