Indian rupee falls to an all-time low against US dollar

The Indian rupee dipped to an all-time low against the US dollar after the Federal Reserve signalled that it could start pulling back on its monetary stimulus later this year.

India, China key to growth in 2013 as global economy stares at fiscal cliff

NEW DELHI: India and China will be key for the global economy to grow by even a modest three per cent in 2013, after bouts of debt turmoils across continents pushed it to fiscal precipice and an anaemic growth rate in 2012 left policymakers and politicians at crossroads.

Asian markets fall, Tokyo hit by weak data

Asian markets fell on Friday as a weak set of Japanese economic figures sent Tokyo diving, while dealers looked ahead to a speech by Federal Reserve chief Ben Bernanke later in the day.