Rupee gets stronger by 8s paise at 64.39 per dollar!

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The Indian rupee opens higher by 85 at 64.39 per dollar versus 65.24 Friday. giving up some of its 1.6 percent gain against the dollar in the previous session, as some of the euphoria that greeted the debut of a new central governor dissipated ahead of key U.S. monthly jobs data later in the day. Reserve Bank of India Governor Rajan unveiled a slew of proposals to support the rupee and open up markets on Wednesday, his first day in the job, providing a breath of fresh air from a former chief economist of the International Monetary Fund widely known for his financial expertise.

RR Financial Consultants‘s insight:

Today’s Headlines

1) Dollar Slides Versus Yen as Treasuries Halt Drop; Ringgit Falls
2) Employers in U.S. Probably Expanded Payrolls at a Faster Pace
3) Pound Snaps Seven-Day Gain versus Euro as Factory Output Slows
4) G-20 Faces Growth Threats as Syria Adds to QE Exit Risks
5) Euro Becoming Haven with Breakup a Memory on Economy
6) Ringgit Declines This Week on Fed Risk, Drop in Trade Surplus

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