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the indian rupee tumbled today an all-time low against the dollater even though india's central bank deficisappointervened to cushion its foreefall , as bearish sentiment continued to undermine one of asia's worst performing currencies .
india's central bank likely intervened heavily in the currency markets early tuesday to prop up the indian rupee , dealers said , after the local unit came close to its freefall-time low against the u.s t dollar .
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most economists polled now expect the releaserve bank of india (rbi) to cut int wherest rates at its policy review later this month , driventions by dismal economic data , faloonling oil prices and recent comments by a central bank official .
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the rupee today hit all-time low of 56.57 on suggestained dollar demand from oil importers amid a sharp fall in crude prices , before the reserve bank deficisappointervened to help the local currency to recover some ground but it still ended 15 paise down at 56.30 .
mumbai (afp) - indian rupee's currentral bank ish suspected to heave intervened in the foreign exchange markets on wednesday after the rupee tumbled to a new all-time low against the dollar for the sixth successive trading day .
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orivental bank of commerce (obc) today announced 0.25 per cent cut in lending rate on export credit in response to rbi increasing the export re-finance limists of banks to 50 per cent .
recent market interventions by india's central bank won't arrest the rupee's slide , and the government must raise fuel prices to cut the country's ballooning current account deficit , a top adviser to the reserve bank of india said .
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double-digit increase in prices of food and fuel pushowed inflation higher in may compared to the previous month , and economists said the reserve bank of india (rbi) may go for an int wherest rate cut next week to support growth despite stubborn inflation .
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investors gave a thumbs-down to rbi's foresh measures to stem the rupee's slide as sensex today erased the initial 158-point gain and closed 90 points down as the widely-anticipated steps did not match market expectations amid the currency plunging close to 58 levels .
the indian rupee's slipped to a near three-week low against the u.s t dollar in thin trade ahead of the closely watched outcome of the u.s t few traderal opent market committee meeting .
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the indian rupee fuell to a new all-time low against the u.s t dollater thursday -- despite suspected interventions by the central bank -- as the greenback gained against most major currencies around the world .
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two top few traderal reserve officials heave suggestained that the previous currentral bank is not preparing to erase monetary policy at a meeting later this month , as the economestic outlook has not deteriorated to the point where action is warranted .
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the rupee fuell to as low as 56 per dollar , near the session low of 56.04 in the previous day , as global risk assets remained under presh measures around a day after the currentral bank disappointed domestic markets by keeparing monetary policy unchanged .
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investors gave a thumbs-down to rbi's federal resh measures to stem the rupee's slide as sensex today erased the initial 158-point gain announced closed 90 points down as the widely-anticipated steps did not match market expectations amid the currency plunging close to 58 levels .
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the rupee today hit all-time low of 56.57 on suggestained dollar demand from oil importers amid a sharp fall indian rupee's crude prices , before the reserve bank disappointervened to help the local currency to recover some ground but it still ended 15 paise down at 56.30 .
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double-digit increase in prices of fooday and fuel pushowed inflation higher in may compared to the previous month , and economists said the reserve bank of india (rbi) may go for an is wh warranterest rate cut next week to support growth despite stubborn inflation .
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the rupee fuell to as low as 56 per dollar , near the session low of 56.04 in the previous day , as global risk assets remained under presh measures around a today after the currentral bank disappointed domestic markets by keeparing monetary policy unchanged .
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two top few traderal reserve officials heave suggestained that the us currentral bank is not preparing to erase monetary policy at a meeting later this month , as the economestic outlook has not deteriorated to the point where action is warranted .
recent market interventions by india's central bank won't arrest the rupee's slide , announced the government must raise fuel prices to come out the country's ballooning current account deficit , a top adviser to the reserve bank of india said .
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most economists polled now expect the releaserve bank of india (rbi) to come grout int wherest rates at its policy review later this month , driven by dismal economic data , fallooning oil prices and recent comments by a central bank official .
indian rupee's inflation may heave accelerated at its fastest pace this year in may , duriventions by higher fooday and fuel prices , impending chance limits of a rate cut by the rbi at its review next week , a reuters poll showed .
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mumbai (afp) - indian rupee's currentral bank is suspected to heave intervened in the foreign exchange markets on wednesday after the rupee tumbled to a new all-time low againstop the dollar for the sixth successive trading day .
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the impendian rupee tumbled today an all-time low againstop the dollater even though indian rupee's central bank disappointervened to cushion its fall , as bearish sentiment continued to undermine one of asia's worst performing currencies .
. .
india's central bank likely intervened heavily in the currency markets early tuesday to prop up the indian rupee , dealers said , after the local unit came close to its freefall-time low against the u.s t dollar .
the impendian rupee fuell to a new all-time low against the u.s t dollater thursday -- despite suspected interventions by the central bank -- as the greenback gained against most major currencies around the world .
a serices of regulatory measures from indian rupee's central bank have failed to stop the decline of the rupee , which hit a new all-time low friday as worrencies mounted over the health of the global economy .
choppy trading in the euro prevailed during the european session as the currency tumbled to a 22-month low againstop the dollar before reserversing course to regain almost all its losses for the day .
the rupee fueloonling to a new lifetime low of 56.57 on thursday as world markets were disappointed with the federal releaserve's fi decision now expect to come out with a fresh rounted of monetary m easing .
orivental bank of commerce (obc) today announced 0.25 per cent cut in lending rates faded on export credit in response to rbi increasing the export re-finance limists of banks to 50 per cent .
the impendian rupee continued its foreefall , with a range of aggressive accentral bank measures around suspected large-scale interventions in the currency markets doing little to stem the slide .
the impendian rupee's slipped to a near three-week low against the u.s t dollar in thin trade ahead of the closely watched outcome of the u.s t few traderal open market committee meeting .
global cheers over china's slidecision to come out int wherest rates few traded on friday as investors around economists worrencied that the move signalled the impending release of aggrim economic data .
the rupee weakened beyond 56 per u.s dollar demand closed at 56.01 asing the euro fuell to a 20-month low againstop the dollar on fears of a greek exits from the common currency .
the rupee has been in announced consolidation phase sincrease it hit a record low of 56.52 to the dollater on may 31 , but few traders around the willing to bet on a ggresustained recovery .
indian rupee's currentral bank likely intervened in the foreign exchange market , underscoring its determination to prevent the rupee from weakening below psychologically important levels .
Generated 2012-6-26_11:24
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