Indian rupee hits 5-month low on U.S.-China trade worries, Kashmir tensions [Reuters]
HDFC Bank Limited (HDB)
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hdfcbank.com/aboutus/cg/financial_information.htm
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Source: Reuters
Indian rupee hits 5-month low on U.S.-China trade worries, Kashmir tensions - Reuters 2 Min Read MUMBAI, Aug 5 (Reuters) - The Indian rupee plunged to a five-month low and bond yields rose sharply on Monday, as an escalating China-U.S. trade spat sent most regional currencies lower while tensions in the disputed region of Kashmir also weighed on investor sentiment. Asian shares dropped the most in nine months while the yuan broke the 7 per dollar support level amid mounting trade tensions. The partially convertible rupee was at 70.47/48 per dollar at 0558 GMT after dropping to 70.6050 earlier, its weakest since March 6. “This downward momentum in the INR could continue this week,” HDFC Bank said in a note. “We have been highlighting that the INR is at risk of a correction and the trigger has been the US-China trade war. Brace yourself, past trends show that movements in the INR tend to be sharp and quick in such instances.” The benchmark 10-year bond yield was up 5 basis points at 6.4
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News
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- HDFC Bank Limited (NYSE: HDB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- HDFC Bank Limited (NYSE: HDB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- HDFC Bank Inaugurated its First Branch in SingaporeBusiness Wire
- HDFC Bank Limited (NYSE: HDB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
HDB
Sec Filings
- 12/17/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/17/24 - Form 6-K
- HDB's page on the SEC website