Indian rupee, bonds fall as Street fears RBI will reduce liquid diet

.....The rupee took a knock losing 1.22% to end near a two-month low of 63.24 per dollar. Urjit Patel, Deputy Governor, RBI, noted in an interview with a television network that while the deficit was higher than that in September, the fact that it was 50% of that in October last year ‘bodes very well for the trade deficit and the current account deficit and is the most important fundamental factor for the rupee’. Nevertheless, worries that slowing dollar inflows coupled with higher dollar demand in the market from oil companies pushed the rupee lower on Monday.............

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