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

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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Dollar slips vs yen after U.S. home sales data

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 | Mon Jan 28, 2013 8:37pm IST

NEW YORK Jan 28 (Reuters) - The dollar fell against the yen in mid-morning trade on Monday after data showed U.S. pending home sales unexpectedly fell in December after three months of gains.

The dollar traded as low as 90.59 yen on Reuters data, compared with 90.70 before the release.
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