(Bloomberg) -- India's rupee may fall for a second
week on concern overseas funds will sell emerging-market assets
as a global rout in corporate debt and equities drives investors
to safer securities such as U.S. Treasuries.
The country's benchmark Bombay Stock Exchange Sensitive
Index, or Sensex, slumped the most in four months on July 27,
causing the rupee to fall from near a nine-year high. The
currency may extend its biggest weekly decline in almost two
months, a survey of traders showed.
Read more at Bloomberg Currencies News
week on concern overseas funds will sell emerging-market assets
as a global rout in corporate debt and equities drives investors
to safer securities such as U.S. Treasuries.
The country's benchmark Bombay Stock Exchange Sensitive
Index, or Sensex, slumped the most in four months on July 27,
causing the rupee to fall from near a nine-year high. The
currency may extend its biggest weekly decline in almost two
months, a survey of traders showed.
Read more at Bloomberg Currencies News
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