10/01/2014
Rupee ended little changed after hitting a one Rupee ended little changed after hitting a one-week high earlier in the session, as dollar sales by foreign investors looking to invest in debt were offset by a choppy domestic invest in debt were offset by a choppy domestic stock market which recorded its sixth decline in seven sessions. India's inflation rate will probably ease in December from stubbornly high levels, helped by waning food prices, a poll showed, providing some rate will probably ease in December from stubbornly high levels, helped by waning food prices, a poll showed, providing some rate will probably ease in December from stubbornly high levels, helped by waning food prices, a poll showed, providing some respite to the Reserve Bank of India which has been struggling with cost pressures and slow growth. Foreign funds, which turned respite to the Reserve Bank of India which has b net buyers of over $850 million worth of bonds in December after a six month hiatus, have so far in 2014 purchased a net net buyers of over $850 million worth of bonds in December after a six month hiatus, have so far in 2014 purchased a net net buyers of over $850 million worth of bonds in December after a six month hiatus, have so far in 2014 purchased a net $215.50 million. Government bonds rose as investors wer $215.50 million. Government bonds rose as investors were assuaged by comments from a central bank deputy governor that a proposed debt switch may happen only in the next fiscal year starting April. The partially convertible rupee closed at 62.07/ proposed debt switch may happen only in the next fiscal year starting April. The partially convertible rupee closed at 62.07/ proposed debt switch may happen only in the next fiscal year starting April. The partially convertible rupee closed at 62.07/08 per dollar, unchanged from its previous close. In the offshore non-deliverable forwards, the one per dollar, unchanged from its previous close. In the offshore while the three-month was at 63.27. The Federal Reserve group that oversees the central bank's market operations will likely ask to extend the testing of a program intended to manage short term to extend the testing of a program intended to manage short term interest rates, the minutes of the Fed's Dec 17 meeting released on Wednesday showed. month was at 63.27. The Federal Reserve group that oversees the central bank's market operations will likely ask month was at 63.27. The Federal Reserve group that oversees the central bank's market operations will likely ask
