The Troubled Rupee
Rupee slumps to record low; bonds, stocks hit
The rupee slumped to a record low on Thursday, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on foreign capital inflows to fund its current account deficit. Full Article
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LONDON Dec 6 (Reuters) - German Bund futures rose on Thursday after European Central Bank President Mario Draghi said policymakers discussed a potential cut into negative territory in the bank's overnight deposit rate.
Draghi did not elaborate further on the matter but the comments also pushed the euro to a session low of 80.95 pence against the British pound from 81.10 pence.
The Bund future rose as much as 39 ticks on the day to a session high of 145.49, driving 10-year German yields to 1.31 percent, their lowest since Aug. 31.
Overnight Eonia forward rates fell across the 2013 strip, with the July Eonia rate turning negative. Euribor futures <0#FEI:> rose slightly. (Reporting by the London Markets team; Editing by Marius Zaharia)
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