The rupee weakened on Monday after government sources told Reuters that India is not considering issuing a sovereign bond to offshore investors right now, dampening hopes for large dollar fund inflows which could have changed the rupee's fortune. The Indian government instead aims to attract dollar flows from non-resident citizens to support the rupee or it could also allow some companies to raise debt abroad, on Monday
Today’s Headlines
1) Chidambaram Sees No Shift in RBI Stance after Rate Increases
2) Yen Climbs after Abe Fails to Win Majority; Aussie Strengthens
3) Pimco’s Gross Says Fed Will Tighten Policy in 2016 at Earliest
4) Pound Reaches 2-Week High as Cameron Sees Improving U.K. Economy
5) Australian Dollar Gains versus Peers as Fed Taper Bets Trimmed
Read full story here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Today’s Headlines
1) Chidambaram Sees No Shift in RBI Stance after Rate Increases
2) Yen Climbs after Abe Fails to Win Majority; Aussie Strengthens
3) Pimco’s Gross Says Fed Will Tighten Policy in 2016 at Earliest
4) Pound Reaches 2-Week High as Cameron Sees Improving U.K. Economy
5) Australian Dollar Gains versus Peers as Fed Taper Bets Trimmed
Read full story here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
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