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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 jitters

By Lisa Twaronite TOKYO (Reuters) - Emerging Asian currencies skidded 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. The Indonesian rupiah hit its weakest in more than four-and-a-half years as foreign banks sold the currency despite the central bank's surprise rate hike in the previous session, falling as much as 0.7 percent to 11,670 per dollar. The rupee slumped to a two-month low on Wednesday after surging consumer prices ... Read More

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