The Indian rupee hit a one-month low!

The Indian rupee hit a one-month low on Monday and posted its worst single-day fall since March 20, weighed down by good dollar demand from oil and gas importers and as tension in Ukraine kept global markets on the edge. Still, broader falls in the rupee were capped as domestic shares hit record highs, surpassing previous all-time highs hit on April 10, as banks rallied ahead of their financial results starting this week. The partially convertible rupee closed at 60.59/60 per dollar after hitting 60.61, it’s lowest since March 24 and weaker than Thursday’s close of 60.29/30. The unit fell 0.5 percent, its biggest single-day fall since March 20.

Indian Rupee

Indian Rupee

Today’s Headlines

1) Yen Falls Versus Major Peers after Japan’s Trade Deficit Widens
2) Manulife Favors Asian Dollar Bonds for Currency Advantage
3) Venezuela Will Align Exchange Rates, BofA Says
4) Yellen Sees Muted Inflation as Unemployment Curbs Wages
5) Brazilian Swap Rates Drop Most in a Week after Report
6) Ruble Drops 2nd Day as Ukraine Clash Casts Doubt on Geneva

Read detail analysis report here:-


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