Currency Market Outlook - Indian rupee back to 59.41 on Monday!

The Indian rupee fell for the first session in four on Monday on the back of dollar demand from oil importers and caution ahead of a central bank policy review that may give clues about its stance after recent measures to defend the currency. Rupee ends at 59.4150/4250 per dlr vs 59.04/05 on Fri Dealers cite outflows of about $250 mln from ITCR RBI policy on Tuesday will be watched for rupee measures

Today’s Headlines

 1)Yen Climbs a 3rd Day as Stocks Fall on China Data; Rand Weakens

 2)Obama Bonding with summers over Tennis No Ace in Decision at Fed

 3)China’s Slowdown ‘Won’t Derail’ U.S. Recovery, Biden Says

 4)Won Touches Seven-Week High as Exporters Sell Overseas Proceeds

 5)China 3% Growth Risk Seen by Barclays Shows Likonomics Angst

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