Currency Market: The Indian rupee continued to falter!

The Indian rupee continued to falter, retreating from an eight-month high hit last week, to post its second consecutive weekly fall after data showed the trade deficit widened to a five-month high in March. The data – showing the trade deficit widening to $10.5 billion from $8.13 billion in February on the back of falling exports – revived concerns about the current account deficit after a recent sharp narrowing. Investors will now be closely eyeing the consumer inflation data due on Tuesday, as well as the start of corporate earnings results next week, for a better snapshot of the domestic economy.


Pre Opening Currency Market

Today’s Headlines

1) Dollar Holds Gain Before Manufacturing, Yellen; Aussie Weakens
2) Mexico’s Local Bonds Slump After Debt Offering
3) Retail Sales in U.S. Increased in March by Most Since 2012
4) Ruble Falls With Stocks as Ukraine Unrest Spurs Sanctions Threat
5) Brazilian Real Bears Foiled by Presidential Election

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