Arab Today, arab today india shares decline on rate concerns
Last Updated : GMT 18:56:10
Arab Today, arab today
Arab Today, arab today

India shares decline on rate concerns

Arab Today, arab today

Arab Today, arab today India shares decline on rate concerns

Mumbai - Bloomberg

Indian stocks dropped, paring a quarterly gain, as factory orders in the US missed estimates and as a weakening rupee raised concerns the Reserve Bank of India may not cut interest rates as aggressively as expected. Tata Consultancy Services Ltd., the nation\'s largest software services exporter, paced a decline among its peers. Bharti Airtel Ltd., the biggest mobile-phone operator, fell 2 per cent. Bharat Heavy Electricals Ltd., the biggest power- equipment maker, dropped for a fourth day. The BSE India Sensitive Index, or Sensex, retreated 0.2 per cent to 17058.61 in Mumbai. The gauge has jumped 10 per cent this year, poised for the first quarterly gain since the three months ended Dec-ember 2010. The MSCI Asia Pacific Index fell after a US report showed factory bookings for goods meant to last at least three years advanced 2.2 per cent in February, less than projected. The rupee slid the most in a week on speculation importers stepped up dollar purchases to settle bills ahead of the March 31 fin-ancial-year end. A weaker rupee boosts import costs for a nation that buys 80 per cent of its oil overseas, threatening to accelerate inflation and limit the central bank\'s scope to cut borrowing costs. \"We were expecting rate cuts to happen deeper and sharper, and now with the fiscal deficit being where it is, the expectations have moderated,\" Mahesh Patil, who oversees $12 billion as co-chief investment officer at Birla Sun Life Asset Management Co., India\'s fourth-biggest money manager, said in an interview with Bloomberg UTV today. \"Given the current environment, the domestic macros and global, one would be cautious.\" The central bank raised rates a record 13 times to 8.5 per cent from March 2010 to October last year in an attempt to restrain price rises. The authority pared the cash reserve ratio by 75 basis points to 4.75 per cent on March 9, the lowest since 2004, and indicated it would cut interest rates once it was confident inflation is slowing. Overseas investors bought a net Rs789 million (60 million) of Indian stocks on March 27, raising their investment in the equities this year to Rs450 billion. From gulfnews

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india shares decline on rate concerns Arab Today, arab today india shares decline on rate concerns

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday