The Indian rupee fell on Friday, snapping two sessions of gains, as foreign banks bought dollars for their custodial clients, with the June-quarter current account deficit numbers due on Monday expected to provide direction to the currency. India's current account deficit, which hit a record high in the last fiscal year, is expected to be around $23 billion-$25 billion or 4.8-5.4 percent of gross domestic product (GDP) in April-June, from $18.1 billion, or 3.6 percent, in the March quarter, a Reuters poll showed.
Today’s Headlines
1) Yen Advances as Aso Damps Bets on Corporate-Tax Cut; Pound Gains
2) Pound Rises on Report Carney Sees No Need for Extra Stimulus
3) UBS Cuts U.S. Dollar Recommendation to Neutral on Fed Decision
4) Rupiah Leads Weekly Drop in Asian Currencies on U.S. Debt Risk
5) China to Ease Controls on Yuan Investment in Pilot Zone
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Resource:- http://rrfinance.tumblr.com/post/62699331860/market-outlook-the-indian-rupee-fell-on-friday
Today’s Headlines
1) Yen Advances as Aso Damps Bets on Corporate-Tax Cut; Pound Gains
2) Pound Rises on Report Carney Sees No Need for Extra Stimulus
3) UBS Cuts U.S. Dollar Recommendation to Neutral on Fed Decision
4) Rupiah Leads Weekly Drop in Asian Currencies on U.S. Debt Risk
5) China to Ease Controls on Yuan Investment in Pilot Zone
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Resource:- http://rrfinance.tumblr.com/post/62699331860/market-outlook-the-indian-rupee-fell-on-friday
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