The Indian rupee snapped a two-day winning streak on Monday, weighed down by weakness in domestic shares and hurt by broad-based dollar buying from importers and banks. The rupee and other global currencies will likely track the continued uncertainty in the U.S. budget stalemate and government shutdown. The dollar traded near an eight-month low against a basket of currencies.
Today’s Headlines
1) Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion
2) WTI Declines as Gulf of Mexico Output Resumes After Storm
3) Indonesian Tin Exports Tumble to Six-Year Low on Trade Rule
4) Soybeans Swing Amid Speculation Rain to Slow Harvesting in U.S.
5) Thai Sugar Exports to Surge to Record on Increasing Production
Read full story here:- http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-Indian-rupee-snapped-a-two-day-winning-streak
Today’s Headlines
1) Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion
2) WTI Declines as Gulf of Mexico Output Resumes After Storm
3) Indonesian Tin Exports Tumble to Six-Year Low on Trade Rule
4) Soybeans Swing Amid Speculation Rain to Slow Harvesting in U.S.
5) Thai Sugar Exports to Surge to Record on Increasing Production
Read full story here:- http://www.quora.com/Rahul-Prasad-12/Posts/Market-Outlook-Indian-rupee-snapped-a-two-day-winning-streak
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