Currency Market Outlook – RR Investors

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The Indian rupee hit a record low on Monday, weighed down by broad gains in the dollar and choppy domestic shares, although the local currency was seen recovering on expected central bank intervention and potential government measures. The rupee’s fall has escalated worries about the country’s current account deficit and complicated the task for policy makers looking to revive an economy that grew at its slowest in a decade in 2012/13.

RR Financial Consultants‘s insight:

Today’s Headlines

• Rupiah Forwards Plunge to Biggest Discount to Spot Since 2011

• No Inflation as Yields Jump Belies Point of No Return View

• Latin America Can Handle Fed’s Post-Stimulus Effects, IMF Says

• Pound Declines Against Dollar After Biggest Jump in Three Years

• Lira Sinks Most in Year as Erdogan Warns Protesters, Bankers

• Russia Holds Rates as Ignatiev Lays Ground for Heir to Ease

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

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