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Friday, October 3, 2008

India Rupee Falls to Five-Year Low as Capital Outflows Escalate

India's rupee slumped to the lowest since 2003 as Asian stocks headed for the worst week in 13 months, adding to speculation investors will take money out the region.

The rupee fell as much as 1.4 percent to 47.295 per dollar, the lowest since May 2003, before trading at 47.16

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jul 14
21:00 6-Month Bill Auction 1 4.125% 4.145%
21:00 3-Month Bill Auction 1 4.245% 4.255%
23:30 BoE's Governor Bailey speech 3
Tuesday, Jul 15
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 0.2% 0.6%
06:00 Westpac Consumer Confidence 2 0.6% 0.5%
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 262.5K 279.5K
18:00 NY Empire State Manufacturing Index 2 -8 -16
18:00 Consumer Price Index Core s.a 1 326.85
18:00 Manufacturing Sales (MoM) 1 -1.3% -2.8%
Economic Calendar >> Add to your site

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