Pound Rises to 4-Year High on Growth Bets, Takeover Deals

The rupee ended little changed on Monday, retreating from a one-week high hit earlier in the session as domestic shares fell for a second consecutive session and as caution prevailed ahead of the Federal Reserve's meeting this week. Flows were dominated by large month-end dollar demand from oil companies, although that was offset by strong selling of the U.S. currency by a large engineering firm earlier in the day. Trading in the rupee is expected to remain range-bound with investors monitoring global factors such as tensions in Ukraine, as well as foreign flows into domestic markets, all while the outcome of elections looming next month.

Today’s Headlines

1) Rupee near One-Week High on Speculation Exporters Sold Dollars
2) Emerging Currencies Gain as Ukraine Tension Eases; Yen Declines
3) Brazilian Real Advances from Three-Week Low as GDP Outlook Rises
4) Pound Rises to 4-Year High on Growth Bets, Takeover Deals
5) Gold Bulls Return in Time for Rally on Ukraine Tensions

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