The Indian rupee hit a one-month low!

The Indian rupee hit a one-month low on Monday and posted its worst single-day fall since March 20, weighed down by good dollar demand from oil and gas importers and as tension in Ukraine kept global markets on the edge. Still, broader falls in the rupee were capped as domestic shares hit record highs, surpassing previous all-time highs hit on April 10, as banks rallied ahead of their financial results starting this week. The partially convertible rupee closed at 60.59/60 per dollar after hitting 60.61, it’s lowest since March 24 and weaker than Thursday’s close of 60.29/30. The unit fell 0.5 percent, its biggest single-day fall since March 20.

Indian Rupee

Today’s Headlines

1) Yen Falls Versus Major Peers after Japan’s Trade Deficit Widens
2) Manulife Favors Asian Dollar Bonds for Currency Advantage
3) Venezuela Will Align Exchange Rates, BofA Says
4) Yellen Sees Muted Inflation as Unemployment Curbs Wages
5) Brazilian Swap Rates Drop Most in a Week after Report
6) Ruble Drops 2nd Day as Ukraine Clash Casts Doubt on Geneva

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Indian rupee rallied to an eight-month high!

The Indian rupee rallied to en eight-month high, boosted by continued foreign fund inflows into domestic shares, but suspected dollar purchases by the central bank prevented the currency from gaining much further. The RBI has long been expected to start buying dollars when the rupee strengthens to add to foreign exchange reserves of $297.29 billion-the highest since late December 2011. The central bank’s Dollar purchases would reflect the strength of a rupee rally. The RBI had to regularly buy the domestic currency just about half a year ago to keep it from hitting record lows.Today’s Headlines

1) India’s Rupee Climbs to Eight-Month High on Election Optimism
2) Aussie Rises to 4-Month High; Franc Falls
3) Pound Advances against Euro as Weale Says Rates Should Increase
4) Gold Trades above Five-Week Low as Ukraine, Weighed

Read detail analysis report: – http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Related article:– http://www.financialexpress.com/news/indian-central-bank-starts-buying-us-dollars-halts-indian-rupee-rally/1236032

The rupee fell to a record low on Tuesday!

See on Scoop.it – Share Brokers in India

The rupee fell to a record low on Tuesday, raising prospects for fresh measures to bolster a currency which has tumbled more than 12 percent since the start of May, but later pared its losses after the appointment of a new reform-oriented central bank governor. INR hits life low of 61.80; cbank steps in to sell dlrs Raghuram Rajan’s appointment as RBI chief also cheers mkt.

RR Financial Consultants‘s insight:

Today’s Headlines

1) Dollar Advances Versus Yen Amid Fed Outlook; Aussie Jumps
2) Mexico Leader Said to Seek Changes to Break Oil Monopoly
3) Bernanke Seeking Animal Spirits Channels Yellen Spouse Akerlof
4) Americans With Best Credit in Decades Drive U.S. Economy
5) Korean Won Falls as Importers Seen Buying Dollars; Bonds Advance
6) Brazil Real Falls to Four-Year Low, Spurring Inflation Concern

For detail analysis report please visit: – http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

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