The Indian rupee fell 1.5 percent to a record closing low on Tuesday as traders worried that the country's current account deficit made the currency especially vulnerable to any scaling back of the U.S. Federal Reserve's monetary stimulus. Large dollar demand from pvt corporate, defence buys, refiners All eyes on outcome of U.S. Fed meeting on Wednesday.
Today’s Headlines
1- Yen Falls Second Day versus Dollar before Fed; Aussie Weakens
2- Selling Yuan Advised by Deutsche Bank to Barclays as Flows Ebb
3- Emerging Currencies Weaken Before Fed as Philippine Stocks Rally
4- G-8 Leaders See Worst Over for World Economy after Summit
5- Aussie Falls as RBA Minutes Show Scope for Currency to Weaken
Detail analysis here :- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Also find us on Facbook, Linked In, Twitter.
https://www.facebook.com/RRFinancialConsultants
https://twitter.com/rrfinance1
http://www.linkedin.com/in/rrfinance
Today’s Headlines
1- Yen Falls Second Day versus Dollar before Fed; Aussie Weakens
2- Selling Yuan Advised by Deutsche Bank to Barclays as Flows Ebb
3- Emerging Currencies Weaken Before Fed as Philippine Stocks Rally
4- G-8 Leaders See Worst Over for World Economy after Summit
5- Aussie Falls as RBA Minutes Show Scope for Currency to Weaken
Detail analysis here :- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Also find us on Facbook, Linked In, Twitter.
https://www.facebook.com/RRFinancialConsultants
https://twitter.com/rrfinance1
http://www.linkedin.com/in/rrfinance
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