Euro Falls to Two-Month Low versus Yen on ECB Bets

The Indian rupee rose on Tuesday to its strongest close against the dollar in nearly 10 months as shares surged to record highs after exit polls showed opposition Bharatiya Janata Party and its allies clinching a majority in the country's elections. Markets have been already pricing in a win by the BJP, hoping that the coalition led by Narendra Modi would revive an economy growing at its slowest pace in a decade and attract more foreign investment. J.P.Morgan estimates that RBI interventions since February have totaled nearly $20 billion, with an estimated $4.1 billion in dollar purchases since the start of May, according to a note on Tuesday.

 

Today’s Headlines

1) Euro Falls to Two-Month Low versus Yen on ECB Bets
2) Pound Weakens as Rate-Increase Bets Pushed Back After BOE
3) Ukraine Crisis Weighs on East Europe as EBRD Meets
4) Former BOJ Policy Maker Sees Japan Inflation Dilemma
5) WTI Rises for Third Day as Cushing Stockpiles Drop

Find full analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf