The Falling Rupee

Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash

Rupee hits all-time low versus dollar

The rupee hit a record low against the dollar, breaching 54.30 vs the dollar, succumbing to the steep risk aversion hitting global markets and highlighting the vulnerabilities of the country.  Full Article | Related Story 

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Brazil's central bank lifts Selic rate to 9.5 pct

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BRASILIA, April 28 | Thu Apr 29, 2010 4:51am IST

BRASILIA, April 28 (Reuters) - Brazil's central bank raised its benchmark interest rate BRCBMP=ECI on Wednesday to 9.5 percent from a record-low 8.75 percent, the first increase in borrowing costs in almost two years.

The bank's monetary policy committee, known as the Copom, voted unanimously to lift the so-called Selic rate.

Sixteen of 25 analysts surveyed last week by Reuters saw the bank raising the Selic by 50 basis points. The remainder predicted a hike of 75 basis points. [ID:nSPG002847] (Reporting by Isabel Versiani; Writing by Luciana Lopez; editing by Carol Bishopric)

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