MUMBAI: Rupee eased on Tuesday, with losses on Wall Street and Asian indices hurting sentiment, and capital outflows from refunds of recent initial share offering further weighing on the local unit. At 9:15 am, the rupee was at 39.47/48 per dollar, losing ground from the previous finish of 39.44/45.
Asian share markets fell on Tuesday led by financials after US credit card firms and banks were downgraded, stoking fears their troubles could spread to the global sector. Last month Reliance Power, a unit of Anil Dhirubhai Ambani group, raised a record $3 billion through an initial share sale that generated sizeable foreign interest, and dealers said refunds worth $2 billion had left India so far.
Asian share markets fell on Tuesday led by financials after US credit card firms and banks were downgraded, stoking fears their troubles could spread to the global sector. Last month Reliance Power, a unit of Anil Dhirubhai Ambani group, raised a record $3 billion through an initial share sale that generated sizeable foreign interest, and dealers said refunds worth $2 billion had left India so far.
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