The Indian rupee weakened for a second consecutive session on Wednesday, weighed down by large demand for dollars from importers and after foreign investors turned sellers of domestic shares for the first time in about a month. Foreign investors sold Indian cash shares worth a net 1.04 billion rupees ($17.8 million) on Tuesday. Although the sales were modest, it was their first sales since April 16, provisional data from the NSE and SEBI showed. The partially convertible rupee closed at 58.7750/7850 per dollar versus 58.63/64 on Tuesday.
Today’s Headlines
1) India’s Rupee Falls Most in a Month on Importers’ Dollar Demand
2) Modi Boosts India Outlook as Morgan Stanley Forecast Raised
3) Japan Trade Deficit Shrinks as Tax Increase Crimps Imports
4) WTI Crude Rises to One-Month High on Supply Drop; Brent Advances
5) Pound Rallies as Retail-Sales Jump Stokes Rates Bets
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Today’s Headlines
1) India’s Rupee Falls Most in a Month on Importers’ Dollar Demand
2) Modi Boosts India Outlook as Morgan Stanley Forecast Raised
3) Japan Trade Deficit Shrinks as Tax Increase Crimps Imports
4) WTI Crude Rises to One-Month High on Supply Drop; Brent Advances
5) Pound Rallies as Retail-Sales Jump Stokes Rates Bets
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
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