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
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
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