Rupee falls to near 4-month low on foreign selling of Govt. bonds
Saturday, 27 September 2014 00:10
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Reuters: The rupee fell to a near four-month low on Friday as some foreign bond holders sold government securities on concerns of lower returns following the Central Bank’s monetary policy decision, dealers said.
Currency dealers cited lower optimism for the currency’s outlook after the Central Bank on Tuesday limited commercial banks’ access to the standing deposit facility or the repo window.
The spot currency ended at 130.40/45 per dollar, its lowest since 2 June and weaker from Thursday’s close of 130.35/40.
