"Emerging market currencies, stocks and bonds tumbled on Tuesday as investors shunned assets in developing nations amid concern over the possible winding down of the US Federal Reserve’s emergency bond-buying programme.
As the yield on the benchmark 10-year Treasury note touched its highest level in 14 months at 2.27 per cent in early trading in New York, the Indian rupee hit a record low of 59 against the US dollar and the South African rand touched its lowest point in four years."
'via Blog this'
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