Dollar Debt Rises
Rupee depreciates 6 paise to 82.81 against US dollar in early trade
The rupee depreciated 6 paise to 82.81 against the US dollar in early trade on Tuesday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Forex traders said the rupee is trading lower on strong dollar and foreign fund outflows over the past few days. At the interbank foreign exchange, the domestic unit opened at 82.80, then touched 82.81, registering a decline of 6 paise over its last close as the RBI monetary policy committee meeting begins on Tuesday. The policy decision will be announced on Thursday. On Monday, the rupee had settled 6 paise higher at 82.75 against the dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.28 per cent to 102.33. Brent crude futures, the global oil benchmark, rose 0.12 per cent to USD 85.44 per barrel. Rupee is trading in a narrow range and volatility remained low ahead of the RBI policy statement that is scheduled to release later this
 "Rupee depreciates 6 paise to 82.81 against US dollar in early trade")
Dollar set for second consecutive week of declines but outlook bullish
The dollar index edged 0.1per cent lower to 93.61, putting it on track for a second straight week of falls.
 "Dollar set for second consecutive week of declines but outlook bullish")
Lebanon in 'final hours before' declaring it cannot pay its foreign debts
Lebanon was set to announce on Saturday it cannot make upcoming dollar bond payments and wants to restructure $31 billion of foreign currency debt.
 "Lebanon in 'final hours before' declaring it cannot pay its foreign debts")
Dollar debt outside US rises 5.2% to record $11 trillion: BIS data
Global debt levels have been driven higher over the last decade after top economies slashed interest rates following the financial crisis
 "Dollar debt outside US rises 5.2% to record $11 trillion: BIS data")
