Inflation eased in February and authorities forecast economic growth!

The India’s rupee completed its biggest quarterly advance since September 2012 as foreign investor’s boosted purchases of the nation’s assets on optimism a new government will hasten an economic recovery. Inflation eased in February and authorities forecast economic growth will pick up from a decade-low and deficits will shrink in the fiscal year ending March 31. Foreign funds have pumped $9.3 billion into Indian shares and bond this year. The rupee gained 3.2 percent since Dec. 31 to 59.89 per dollar in Mumbai, prices from local banks compiled by Bloomberg show.

The currency rose 0.7 percent today and touched 59.6850, the strongest since July 30. It has rebounded 15 percent from a record low in August. Consumer-price inflation eased to a two-year low in February and wholesale-price gains slowed to the least in nine months, official data show. The current-account deficit will be kept below $40 billion this fiscal year, compared with a record $88 billion in the previous 12 months, and the budget deficit will narrow to 4.6 percent of gross domestic product from 4.9 percent, according to Finance Minister.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Inflation-eased-in-February-and-authorities-forecast-economic-growth

Traders expect the unit to hold in a 59.50 to 61.00 range!

The Indian rupee snapped its four-day rising streak on Thursday as month-end dollar demand from importers, particularly oil firms, hurt while concerns about central bank intervention also prompted investors to refrain from shorting the dollar. The central bank has been suspected to have bought dollars aggressively over the last two trading sessions to shore up its foreign exchange reserve and prevent a massive appreciation in the local unit which could be detrimental to export growth. Traders expect the unit to hold in a 59.50 to 61.00 range in the near term.

Today’s Headlines

1) N.Z. Dollar Advances to Highest Since 2011
2) Pound Gains a Fourth Day as Retail Sales Rise More than Forecast
3) Gold Imports by India Seen Rebounding by Billionaire Jeweler
4) WTI Trades Near One-Week High as Cushing Inventories Fall

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Traders-expect-the-unit-to-hold-in-a-59-50-to-61-00-range

Indian rupee rallied to an eight-month high!

The Indian rupee rallied to an eight-month high, boosted by continued foreign fund inflows into domestic shares, but suspected dollar purchases by the central bank prevented the currency from gaining much further. The RBI has long been expected to start buying dollars when the rupee strengthens to add to foreign exchange reserves of $297.29 billion-the highest since late December 2011. The central bank's Dollar purchases would reflect the strength of a rupee rally. The RBI had to regularly buy the domestic currency just about half a year ago to keep it from hitting record lows.

Today’s Headlines

1) India’s Rupee Climbs to Eight-Month High on Election Optimism
2) Aussie Rises to 4-Month High; Franc Falls
3) Pound Advances against Euro as Weale Says Rates Should Increase
4) Gold Trades above Five-Week Low as Ukraine, Weighed

Read detail analysis report: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Yen Falls as IMF Sees Global Growth Improving!

The Indian rupee ended Monday at its highest closing level against the dollar in nearly eight months as continued foreign inflows sent shares to record highs, although further gains in the currency were capped by strong demand from oil firms. Traders said gains in other Asian units also underpinned sentiment for the rupee after the Yuan rebounded from its 13-month low. The partially convertible rupee closed at 60.77/78 per dollar compared with 60.8950/9050 on Friday, marking its strongest close against the dollar since Aug. 1. The unit rose as high as 60.6450 intra-days, its strongest since March 11.

Today’s Headlines

1) Yen Falls as IMF Sees Global Growth Improving.
2) Gold Falls on Fed as Palladium Reaches Highest Since 2011
3) Yuan Jumps Most Since October 2011 as PBOC Strengthens Fixing
4) Aussie Extends Gain as Traders Hold Rate Bets After China PMI

Read detail analysis report: - http://rrfcl.weebly.com/1/post/2014/03/-yen-falls-as-imf-sees-global-growth-improving.html

Dollar Set for Biggest Weekly Gain in Two Months

The Indian rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China's weakening yuan. Foreign funds have poured in $3.8 billion in domestic equities and bonds in March, sending indexes to record highs on Tuesday. The partially convertible rupee closed at 60.895/905 per dollar, stronger than Thursday's close of 61.34/35, scoring a third weekly gain in four. It gained 0.7 percent in the session, its biggest daily gain since March 6

Today’s Headlines

1) Dollar Set for Biggest Weekly Gain in Two Months.
2) Asia Currencies Slide in Week on Fed Outlook.
3) U.S. Keeps AAA by Fitch, Outlook Raised on Debt Pact.
4) Pound Set for Biggest Weekly Drop in 4 Months as Policy Diverges.
5) India’s Rupee Rebounds as Improving Economy.

Read detail analysis report: - http://rrfcl.weebly.com/1/post/2014/03/dollar-set-for-biggest-weekly-gain-in-two-months.html

Dewan Housing Finance spurts after large bulk deal!

Key benchmark indices provisionally registered with small gains after moving in a narrow range in intraday trade. The barometer index, the S&P BSE Sensex, closed at 21753.75 and 16.78 points or 0.08 up, off about 115 points from the day's high and up close to 25 points from the day's low. The market breadth, indicating the overall health of the market was positive.

Who Moved and Why

1) KPR Mill drops after accident at its processing unit.
2) Jain Irrigation gains as promoters convert warrants to shares.
3) Tata Global gains as Starbucks sees strong growth in India.
4) SJVN gains on commissioning hydro electric project in Himachal Pradesh.
5) Tulip Telecom slumps on buzz CMD arrested for tax evasion.
6) Dewan Housing Finance spurts after large bulk deal.

Read detail analysis report here: - http://rrfinance.com/Reserch/Pdf/07-July/DMR/21th_March_equity_closing_update.pdf

RR Group Celebrates Colorful Holi

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Thomas Cook gains on visa services pact with marhaba!

Key benchmark indices surged with the barometer index, the S&P BSE Sensex, hitting a record high. The 50-unit CNX Nifty hit its highest level in more than 12 weeks, with the index only a few points away from its record high. The market breadth, indicating the overall health of the market was strong. Except BSE Healthcare index, all the other sectoral indices on BSE were in the green. The BSE Small-Cap and Mid-Cap indices were up more than 1% each, with both these indices outperforming the Sensex.  The BSE Sensex closed at 21513.87 and 237.01 point up.

Who Moved and Why

1) JBF Industries slips as HDFC MF sells 2.65% stake.
2) Easun Reyrolle gains as rights issue price set at discount to ruling market price.
3) Thomas Cook gains on visa services pact with marhaba.
4) Delta Corp gains after launching casino resort in Daman.
5) FTIL jumps after Merrill Lynch buys stake.
6) IL&FS Transportation gains on fund raising plan.
7) Dredging Corp inches up after addition of a dredger vessel to its fleet.
8) ALSTOM India gains after winning Bhel contract.

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Thomas-Cook-gains-on-visa-services-pact-with-marhaba

Indian services companies maintained their positive outlook

Key benchmark indices edged higher in choppy trade after a survey showed that private sector output across India rose for the first time in eight months during February and that Indian services companies maintained their positive outlook for output growth over the coming year in February 2014. The services sector accounts for about 60% of India's gross domestic product. The market breadth, indicating the overall health of the market, was positive. Receding geopolitical worries over Ukraine aided the upmove on the domestic bourses. The BSE Sensex closed at 21276.86 and 67.13 point up.

Who Moved and Why

1) PNB jumps after of floating entire stake in CIBIL.
2) JBF Industries surges on board's proposal for redemption of preference shares.
3) Construction stocks rise on buzz FM OKs rescheduling premium for roads.
4) Cairn India drops along with crude oil price.
5) Autoline Industries spurts on fund raising plans.
6) Jaiprakash Power Ventures slumps nearly 19% in three days.
7) UPL gains after hiking stake in Brazilian firm.

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