Currency Market Outlook – RR Research Information

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RR Financial Consultants‘s insight:

The Indian rupee closed little changed on Thursday as gains in the domestic share market were offset by the euro’s fall versus the greenback. The demand-supply in the market was also adequately matched, holding the pair in a fairly tight range for most of the day. Euro’s losses versus the dollar limit sharp upside in rupee Shares edge up for third day on rate cut hopes after WPI.

Today’s Headlines

  • Euro Declines for Sixth Day as Inflation Slows; Aussie Weakens
  • China Retains Position as the Largest Foreign Creditor of U.S.
  • Yellen Seen as Next Fed Chairman by One-Third in Investor Poll
  • Sweden Needs to Alleviate Pressure From Krona, Premier Says
  • Rupiah Falls to Four-Month Low on Fuel, Finance Minister Concern.

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