Canadian Dollar Falls as Central Bank Signals Slow Export Growth!

The Indian rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic share market by offshore investors hurt the local unit. Overseas investors, the primary drivers behind the stock market gains, sold cash shares worth 216.3 million rupees ($3.59 million) and equity derivatives worth 12.18 billion rupees on Tuesday – their second straight session of selling. The partially convertible rupee closed at 60.37/38 per dollar compared with 60.23/24 on Tuesday. The unit moved in a range of 60.20 to 60.43 during the session.

Canadian Dollar vs INR

USD vs INR

Today’s Headlines

1) Dollar Falls as Yellen Pledges to Support Economy; Pound Gains
2) Yellen’s Mind-the-Gap Goals Rule Says Rates Stay Low
3) Canadian Dollar Falls as Central Bank Signals Slow Export Growth
4) Ruble Snaps Three-Day Retreat on Bets Ukraine Incursion Unlikely
5) Dollar Strengthens Against Yen as Risk Appetite Increases

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Advertisements

Comments Off on Canadian Dollar Falls as Central Bank Signals Slow Export Growth!

Filed under Currency Update, Debt News, Finance

Comments are closed.