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>> RESERVE BANK OF INDIA Latest News

NOV 13, 2013 - Yahoo! News

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Asian shares, emerging currencies tumble on Fed anxiety

By Lisa Twaronite TOKYO (Reuters) - Emerging Asian currencies took a battering and regional shares tumbled to six-week lows on Wednesday as mixed signals from Federal Reserve officials raised fresh concerns about an imminent rollback of the U.S. central bank's asset-buying stimulus. Foreign banks sold the currency despite the central bank's surprise rate hike in the previous session, sending it down as much as 0.7 percent to 11,670 per dollar. The Indian rupee slumped to a two-month low after surging consumer prices sparked fears the central bank would continue to raise interest ... Read More

Tags: Asian shares, emerging currencies tumble on Fed anxiety,  Reserve Bank Of India Latest News