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View Full Version : India's Rupee Drops After Global Funds Reduce Stock Holdings - Bloomberg



NewsWhore
06-20-2011, 01:50 AM
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India&#39;s Rupee Drops After Global Funds Reduce Stock Holdings (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEV2QHssQMGrmUUFjb3OKje4b0drg&url=http://www.bloomberg.com/news/2011-06-20/india-s-rupee-drops-after-global-funds-reduce-stock-holdings.html)
Bloomberg
“The outflows from the stocks is mainly driving the rupee,” said Naveen Raghuvanshi, a Mumbai-based currency trader at Development Credit Bank Ltd. “The concern on Europe&#39;s debt crisis is definitely there, keeping the currency range-bound. ...

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