The rupee fell to a record low on Tuesday!

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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

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