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View Full Version : India Rupee Drops to Two-Month Low After Funds Cut Bond Holdings - Bloomberg



NewsWhore
03-22-2012, 12:30 AM
India Rupee Drops to Two-Month Low After Funds Cut Bond Holdings (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGkO0YVyC5FlI2jMwxSxMMdAlyAbQ&url=http://www.bloomberg.com/news/2012-03-22/india-rupee-drops-to-two-month-low-after-funds-cut-bond-holdings.html)
Bloomberg
“Inflation is still under pressure and could bounce back to 8 percent,” said Nimit Parikh, a currency analyst in Ahmedabad at Edelweiss Capital Ltd. “Foreign investors can be expected to book their profits and pull back from the bond market.

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