Apr 25, 2012, 12.26 PM IST | Source: Reuters

Markets hit after S&P cuts India outlook to negative

MARKETS-INDIA-SP-RATINGS-NEGATIVE-SENSEX:Markets hit after S&P cuts India outlook to negative

MUMBAI (Reuters) - Indian bond yields rose, while the rupee and stocks fell after ratings agency Standard & Poor's cut its outlook on the country to "negative" sparking fears it would lead to an actual ratings downgrade.

India's 10-year bond yield rose 4 basis points to 8.63 percent, while the rupee fell to 52.64 against the dollar from 52.48 before the action.

Domestic stocks were also hit, with the main BSE Sensex down 0.9 percent.

(Reporting By Mumbai Markets; Editing by Subhadip Sircar)


video of the day

Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.