India's Defense Of Record Low Rupee Grows More Costly As Bond Yields Surge

The rupee hit a record low as India's defense of the currency failed to stop its decline but exacted a rising toll, with bond yields surging to five-year highs and investors demanding higher returns in an auction of cash bills. Groupon's latest step forward in its ambition to become the default network for local commerce is taking the company into ad tech waters by launching the Groupon Partner Network, a new platform to manage all of the company's affiliate marketing related to the deals and other products it sells. Despite decent economic data reports which include productivity rising at a larger than expected 0.9 percent and jobless claims hitting the lowest level since 2007, the market logged its worst week of the year.
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