Currency Market Outlook – The Indian rupee came to High!

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The Indian rupee came off near two-week highs to close lower on Monday, ending a two-day winning streak, as corporate inflows and a strong domestic stock market was outweighed by a late surge in dollar demand from oil importers. Dealers cite inflows related to Unilever’s open offer for Indian unit foreigners bought $189.15 million of shares on Fri, provisional data shows.

RR Financial Consultants‘s insight:

Today’s Headlines

1- Yen Falls as Japan Manufacturers’ Optimism Rises; Krona Advances

2- Bernanke-Draghi Policies MIT Lessons Fischer Says of His Pupils

3- Gilts Drop on Manufacturing, Housing Data; Carney Takes Over BOE

4- U.K. Lenders See Share of Global Banking Profit Fall by Half

5- Macquarie Set for Profit Gain as Australian Dollar Weakens

6- Yuan Rises a Second Day on Easing Cash Crunch, Manufacturing

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English: New Symbol for Indian Rupee

English: New Symbol for Indian Rupee (Photo credit: Wikipedia)

Articles about Indian rupee! Indian rupee snaps two sessions of gains; late surge in importer dlr demand (xe.com)

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