Reuters logo
3 years ago
MARKET EYE -India's rate-sensitive stocks fall; declining rupee may delay rate cuts
November 20, 2014 / 9:23 AM / 3 years ago

MARKET EYE -India's rate-sensitive stocks fall; declining rupee may delay rate cuts

* HDFC Bank falls 1.4 pct, Tata Motors down
1.6 pct.
* Larsen & Toubro down 1.1 pct and Axis Bank 
falls 1.3 pct.
* Declining rupee lowers prospects of early rate cuts by the
central bank.
* Reserve Bank of India's monetary policy review on Dec. 2. 
* Most in markets expect RBI to cut benchmark interest rates by
March 2015.
* Rupee on Thursday fell to as much as 62.22, its lowest level
since Feb. 20. 
* Weakness in the rupee is negative for importers and India's
current account.

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below