The Indian rupee rose for a second consecutive session on Wednesday, boosted by large dollar sales
by exporters, but gains were capped by caution ahead of the U.S. Federal Reserve's policy meeting this week and as shares fell to 2-1/2 week lows. The currency fell 0.7 percent in April after having hit an eight-month high of 59.5950 on April 2, as a rally in domestic shares stalled as India embarked on a five-week election process set to conclude next month. The monthly fall snapped a 4.6 percent rally over February and March sparked by heavy foreign buying of shares on the back of an improving domestic economy.
Today’s Headlines
1) Euro Climbs to Three-Week High as QE Bets Pared; Aussie Advances.
2) Fed to Keep Trimming Stimulus as Economy Shakes Off Stall.
3) WTI Trades at 4-Week Low as Crude Supplies Rise.
4) Pound Rises to Four-Year High as Manufacturing Beats Forecasts.
5) BOJ Inflation Confidence Seen Cutting Chance of Stimulus.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
by exporters, but gains were capped by caution ahead of the U.S. Federal Reserve's policy meeting this week and as shares fell to 2-1/2 week lows. The currency fell 0.7 percent in April after having hit an eight-month high of 59.5950 on April 2, as a rally in domestic shares stalled as India embarked on a five-week election process set to conclude next month. The monthly fall snapped a 4.6 percent rally over February and March sparked by heavy foreign buying of shares on the back of an improving domestic economy.
1) Euro Climbs to Three-Week High as QE Bets Pared; Aussie Advances.
2) Fed to Keep Trimming Stimulus as Economy Shakes Off Stall.
3) WTI Trades at 4-Week Low as Crude Supplies Rise.
4) Pound Rises to Four-Year High as Manufacturing Beats Forecasts.
5) BOJ Inflation Confidence Seen Cutting Chance of Stimulus.
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
No comments:
Post a Comment