As on 28/06/2013
gained 1.2% in the day, itsmost in nine months against the dollaron inflows, limited demand for dollarsfrom oil companies and expectationthat the US Federal Reserve may not beable to reverse quantitative easingprogramme anytime soon.The rupeetouched an all-time low of 60.73 a dollaron Tuesday, having lost more than 10%since May this year, on fund outflows.
have pulled out over$5 billion from Indian debt this month.This fund ouflow was triggered by Fedchairman Ben Bernanke's commentsthat the Fed may go slow on bondpurchases or its quantitative easingprogramme, which has so far fuelled therush of capital flows into riskier assetsfrom emerging countries.
Rupee gains most in 9months; reform move helpssentiment.
Indian rupee to seeworstquarter in 10 years, Asia FXlower in Q2.
Rupee gains; around $300million flows from Diageoseen.