The Indian rupee retreated after earlier hitting its highest level in eight months on Wednesday as importers rushed in to buy dollars, while traders also speculated about possible central bank intervention. The rupee has remained supported by a powerful rally in Indian shares, which touched a record high for an eight consecutive session on Wednesday, on the back of strong foreign inflows. Sentiment was also supported after the Reserve Bank of India kept interest rates on Tuesday as widely expected as it shifts to growth from boosting inflation.
Today’s Headlines
1) India’s Rupee Strengthens to Eight-Month High on Capital Inflows
2) Dollar Strengthens to Two-on the High against Yen
3) High-Frequency Traders Chase Currencies as Stock Volume Recedes
4) Australia’s April 2033 Bond Auction Draws Most Bids in 4 Months
5) Ford to Cut About 950 Jobs in Russia on Weakening Ruble
Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Rupee-Strengthens-to-Eight-Month-High-on-Capital-Inflows
Today’s Headlines
1) India’s Rupee Strengthens to Eight-Month High on Capital Inflows
2) Dollar Strengthens to Two-on the High against Yen
3) High-Frequency Traders Chase Currencies as Stock Volume Recedes
4) Australia’s April 2033 Bond Auction Draws Most Bids in 4 Months
5) Ford to Cut About 950 Jobs in Russia on Weakening Ruble
Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Rupee-Strengthens-to-Eight-Month-High-on-Capital-Inflows
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