The Troubled Rupee

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

RBI likely sold dollars after rupee hit record low of 59.93 - dealers

The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.  Full Article 

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Euro falls versus dollar, hits session low on ECB

The new Xbox One controller (R), next to the previous controller during a press event unveiling Microsoft's new Xbox One in Redmond, Washington May 21, 2013. REUTERS/Nick Adams/Files
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NEW YORK | Thu Dec 6, 2012 7:33pm IST

NEW YORK Dec 6 (Reuters) - The euro fell against the dollar to hit a session low in early trade on Thursday after the European Central Bank lowered its growth and inflation forecast for 2013.

The bank also said risks to growth remain on the downside.

The euro fell as low as $1.3025 on Reuters data, and was last at $1.3032, down 0.3 percent on the day.

"The combination of the ECB's cooler growth and inflation forecasts opened the door to a rate cut in the months ahead," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
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