Market Outlook - The Indian rupee fell past 65!

The Indian rupee fell past 65 to the dollar to a record low on Thursday, after Federal Reserve minutes hinted that the U.S. was on course to begin tapering stimulus as early as next month and as foreign investors become sellers of Indian stocks. Rupee hits record low of 65.52/dollar Bond yields up after biggest daily fall in 4 yrs on Wed Indonesia, Malaysia, Thailand FX hit multi-year lows.

Today’s Headlines

1)    Dollar Rises Against Yen before Housing Data, Leading Indicators
2)    Canada Dollar Tumbles to Six-Week Low after FOMC Backs Tapering
3)    Gilt Yield Rises to Two-Year High after Fed Minutes; Pound Falls
4)    FOMC Minutes Show Broad Support for Tapering Timeline
5)    Rand Gains, Rebounding From 4 1/2-Year Low, as Yields Increase

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