The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses. The rupee ended at 91.7825 per dollar, 0.1% down from its close at 91.72 in the previous session. The […]
India’s stock market ended the year with their worst annual underperformance versus Asian peers in nearly three decades, weighed down by foreign outflows and a weakening rupee. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) A rebound in the nation’s shares that started in September has faded as global fund managers cut […]