Thursday 17 October 2013

Market Outlook - The Indian rupee rose on Thursday!

The Indian rupee rose on Thursday, snapping two days of falls, tracking gains in riskier emerging market assets after the U.S. Congress struck a deal to avert a debt default, although falling domestic shares capped further gains. The deal failed to buoy the dollar, which fell against a basket of currencies as investors worried about the economic impact from the more than two-week U.S. government shutdown.

Today’s Headlines

1) Dollar Drops Amid Bets Fed Won’t Slow Stimulus Soon
2) Canadian Dollar Reaches One-Week High on Fed Stimulus Wagers
3) Pound Rises Most in Four Weeks after Retail Sales; Gilts Advance
4) Euro Capitals Tighten Fiscal Leash as EU Polices Cuts
5) Brazil Says Current Pace of Key Rate Increases Adequate
6) Treasury Yields Fall to Lowest in Week on Bets Fed Keeps Buying

For detail analysis report please visit: - http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-The-Indian-rupee-rose-on-Thursday

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