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 | Related Story 

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MARKET EYE-Indian shares edge lower; banks down, tech up

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Thu Dec 20, 2012 9:55am IST 

* The BSE index is down 0.14 percent and the NSE index
 falls 0.16 percent.  
* Banks such as HDFC Bank falls on profit-taking after
recent gains as optimism surrounding the passing of a banking
bill began to fade.
* HDFC Bank falls 0.8 percent while State Bank of India 
is down 0.6 percent.
* India's upper house of parliament will consider amendments to
the banking bill on Thursday afternoon.
* However, stocks such as Infosys gains 0.4 percent, up for a
second day after recent losses were seen as overdone 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
India Markets
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