Middle East Forex, FX | Saudi Arabia Forex | Qatar Forex | UAE Dubai Abu Dhabi Forex | Kuwait Forex | Bahrain Forex - Indian rupee gains most in two weeks; debt auction inflows help
Middle East Forex - Home Page
                Abu Dhabi,  Jul 23, 07:41

      HOME         FOREX NEWS         CURRENCY PAIR TECHNICAL INDICATORS         DAILY MARKET COMMENTARY         أعمال الشرق الأوسط         مراجعة شرق أوسطية
     Forex News
Indian rupee gains most in two weeks; debt auction inflows help
20/02/2013 09:22:03 PM GMT 

* Trade minister says govt unlikely to meet $350 bln export target

* Dealers cite inflows related to debt auction limits for foreigners

By Subhadip Sircar

MUMBAI, Feb 20 (Reuters) - The Indian rupee gained its most in two weeks on Wednesday, largely aided by inflows related to a debt auction, with volumes remaining low as most state-run banks were thinly staffed due to a strike.

Dealers said the gain was due to foreign funds buying rupees to participate in a debt-limit sale for foreigners, which they need to subscribe to for buying local debt.

India will auction about $12.3 billion of limits, including $10 billion of new government and corporate bond limits on Friday.

Middle East Forex Wire External Story - Read full article here

Middle East Forex is not responsible for the content of external internet sites

Source: Reuters
     Article tools
Printable version
E-mail this to a friend

     Top Forex News
GCC to launch consumer protection body in 2016
Capturing SME sector critical for GCC banks to remain competitive
Deloitte: Family-owned businesses make up largest sector of GCC economy
'Need for research in GCC intensifies'
Deloitte: Family-owned businesses make up largest sector of GCC economy

     Top Regional Business News (Ar)
أسهم أمريكا تغلق مرتفعة بعد نتائج جيدة لأعمال شركات وبيانات
تراجع الذهب مع انحسار التوترات بشأن كارثة الطائرة الماليزية
تراجع النفط إذ لم تتأثر الإمدادات بالاضطرابات في أوكرانيا وغزة والعراق
الأسهم الأوروبية تتعافى مدعومة بتقارير النتائج
صعود النفط بفعل توترات سياسية وتوقع هبوط المخزونات الأمريكية

     Top Regional News (Ar)

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this Web site does not constitute advice or a recommendation by Middle East Forex and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Web site.

In no event shall Middle East Forex be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the Middle East Forex Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.

For eny enquiries, please Contact Us.