Falling Markets
Nifty falls below 6,000 on U.S. stimulus, China worries
Nifty futures fell more than 2 percent in trade on Thursday as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey has sparked concerns about foreign investor selling. Nifty was below 6,000. Article | Graphic: Five-day Nifty movement
REUTERS SHOWCASE
Subsidy Compensation
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Rupee pressured by high fiscal gap: RBI deputy gov
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad December 16, 2011.
Credit: Reuters/Jitendra Prakash/Files
MUMBAI |
MUMBAI (Reuters) - The rupee is being pressured by the country's large deficit and other macroeconomic fundamentals, said K.C. Chakrabarty, a deputy governor of the RBI, on Tuesday.
"The country which has high fiscal deficit, inflation is high, and which has high trade deficit and current account deficit, I don't see why its currency will not depreciate," said Chakrabarty on the sidelines of an industry event.
The rupee had touched an all time low of 54.30 to the dollar last Thursday.
(Reporting by Shamik Paul; Editing by Aradhana Aravindan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters