Indian Rupee declines to 6-month low

Source: Bloomberg
© Scanpix/RS
India's currency slid to the lowest level in a six-month period on Thursday as the country's bonds declined after the Federal Reserve Chairman Ben Bernanke said the central bank may scale back its stimulus program. The Indian Rupee depreciated 0.6% to 55.8100 per U.S. Dollar by 10:11 a.m. Mumbai time following a fall to 55.8787, the least since November 26.

Back to articles

Actual Topics

Thu, 23 May 2013 08:02:12 GMT

Yen rises after Fed's meeting in Congress

The Japanese currency rose versus all of its major counterparts on Thursday as Asian equities fell amid concerns that Fed's decision to tap its monthly bond purchases may weight on the recovery of the U.S. economy and as Chinese economy is slowing. Yen increased by 0.5% to 102.65 per U.S. Dollar by 6:02 a.m. London time and it added 0.6%

Thu, 23 May 2013 07:33:04 GMT

Treasuries slide as China's manufacturing contracts in May

U.S. Treasuries increased on Thursday as Chinese shares plunged after a report showed that manufacturing sector in China surprisingly declined in the month of May spurring demand for safer assets. The benchmark 10-year yields slipped one basis point to 2.03% by 2:04 p.m. Tokyo time following an earlier increase to 2.07%, the highest since March 14.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.