Currency Market Outlook - The Indian rupee eked out!

The Indian rupee eked out minor gains on Thursday, snapping three sessions of losses, but sentiment was dented after the Reserve Bank of India chief said the bank would not defend any particular exchange rate, which dealers read as likely absence of any heavy intervention. Rupee ends at 60.13/14 vs 60.215/225 Wednesday close India cbank chief says not to protect any particular FX rate INR seen rising around 4 pct to 57.50 in 12 months.

Today’s Headlines

1. Pound Falls toward 5-Week Low versus Dollar before BOE Decision
2. Won Snaps Two-Day Drop on South Korea Jobs Policy; Bonds Rise
3. Egypt Turmoil Curbs Demand for Black-Market Dollars: Arab Credit
4. Rand Advances First Day in Four before ECB, BoE Rate Decisions
5. Carney Risks Letdown as BOE Seen Resisting More QE: U.K. Credit

For detail analysis report please visit:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Also find more information about stock brokers, stock market, online share trading, INR vs Dollar, Indian Rupee, share brokers,equity market, equity brokers, bonds and debentures, mutual funds, commodities, life insurance plans, IPO India, fixed deposits, non convertible debentures, tax saving schemes. For more information please visit:- http://www.rrfinance.com/ or Call 9540056975 or Dial toll free 1800110444