Advertisement

HindustanTimes Tue,16 Sep 2014

Rupee, shares extend falls on geopolitical worries

Reuters  Mumbai, September 03, 2013
First Published: 09:22 IST(3/9/2013) | Last Updated: 15:13 IST(3/9/2013)

Rupee and shares extended losses in the afternoon session on Tuesday after the Russian defence ministry was quoted by a news agency as saying it had detected two ballistic "objects" fired towards the eastern Mediterranean.

Advertisement

Russian radar detected two ballistic "objects" that were fired towards the eastern Mediterranean from the central part of the sea on Tuesday, state-run news agency RIA quoted the Defence Ministry as saying. The Defence Ministry declined immediate comment to Reuters.

The partially convertible rupee dropped as much as 3.1% to 68.12 per dollar while the NSE share index dropped more than 3 percent.

The benchmark 10-year bond yield rose 10 basis points to 8.52%after the news. It had closed at 8.46% on Monday.


Advertisement
more from Business

Govt to decide on diesel deregulation after state polls

The local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices.This is for the first time this has happened,  due to a sustained monthly rise in local prices since January 2013.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved