MUMBAI, August 19 - India's NSE index fell
2 percent on Monday as the rupee dropped to record lows, while
the benchmark 10-year government bond yield rose to 9 percent
with the government's measures being seen as inadequate to halt
the free-fall in the rupee.
Aug 19 - India should use foreign exchange reserves to help stabilise the rupee, World Bank chief economist Kaushik Basu said in a lecture in New Delhi on Monday, after the currency hit a record low of 62.46 against the dollar on the same morning.
* Foreign institutional investors (FIIs) extend selling in index futures for a fourth day on Friday, totalling sales of 20.63 billion rupees ($334.31 million), indicating they are bracing for lower levels in cash shares in the near term, dealers say. * Derivatives analysts say the rise in outstanding positions in index futures, coupled with a fall in cash share indexes, indicates the formation of short positions. * FIIs sold 5.63 billion rupees of cash shares on Friday, when the 50-shares NSE
Akanksha Shanu
PGDM 1 sem.
Aug 19 - India should use foreign exchange reserves to help stabilise the rupee, World Bank chief economist Kaushik Basu said in a lecture in New Delhi on Monday, after the currency hit a record low of 62.46 against the dollar on the same morning.
* Foreign institutional investors (FIIs) extend selling in index futures for a fourth day on Friday, totalling sales of 20.63 billion rupees ($334.31 million), indicating they are bracing for lower levels in cash shares in the near term, dealers say. * Derivatives analysts say the rise in outstanding positions in index futures, coupled with a fall in cash share indexes, indicates the formation of short positions. * FIIs sold 5.63 billion rupees of cash shares on Friday, when the 50-shares NSE
Akanksha Shanu
PGDM 1 sem.
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