Indian shares edge lower; exporters decline on rupee's strength

April 15, 2015 7:50 AM

66 0

MUMBAI, April 15 (Reuters) - India's BSE index edged lower on Wednesday, after touching its highest in more than a month, as exporters such as Infosys fell on worries strength in the rupee after inflation data may persist and hurt revenues.

India's consumer price inflation unexpectedly slowed to a three-month low in March, while wholesale prices declined at a faster-than-expected annual rate, which could encourage the central bank to deliver another off-cycle interest rate cut to boost economic recovery.

Read more

To category page