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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India shares extend recent falls; ITC, ICICI bank decline
MUMBAI, Feb 5 (Reuters) - Indian shares fell on Tuesday for
the fifth session in the past six sessions as renewed worries
about the euro zone hit global markets, spurring continued
profit-taking in recent out-performers such as ITC and ICICI
Bank.
Cigarette maker ITC Ltd fell 1.3 percent, after
gaining 7.3 percent in January. ICICI Bank Ltd shares
fell 1.4 percent, its third fall in four sessions.
The BSE index declined 0.42 percent, while the
50-share NSE index lost 0.51 percent.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
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